3D Printed Medical Devices Market Size 2022 Growing Rapidly at
The global 3d printed medical devices market size was valued at USD 1.54 billion in 2021, at a CAGR of 18.8% during the forecast period 2022-2028. It is obvious from the term alone that medical products made with 3D printing are known as 3D-printed medical equipment. This entails the use of a variety of distinct manufacturing procedures/techniques, most of which are based on the creation of a digital file or image of the thing to be created before a variety of various methods. A variety of industrial sectors, including the healthcare sector, are using 3D printing technology more and more. Here, medical equipment and instruments are produced using 3D printing technology and then employed in medical treatments and operations. The advantages of 3D printing technology over traditional manufacturing methods are larger.
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The key driver behind the explosive market growth is the recent technological advancements in 3D printing in healthcare. The medical sector is embracing 3D printing technologies. By using 3D printing, the orthopedics and dental industries will benefit. Medical professionals can create implants that fit better, endure longer, and perform better due to 3D-printed orthopedic implants. Today’s technology can create a wide variety of implants, including those for the spine, hip, knee, and head. The 3D-printed, customizable medical products are anticipated to fuel industry expansion. 3D computer-aided design (CAD) files are created using computerized tomography and X-ray images. The medical implants are created by the files and are tailored to the unique anatomy of each patient. Johnson and Johnson (J and J) is experimenting with the 3D printing of medical equipment. The body of a patient is scanned locally at a clinic, the digital scan is uploaded globally to J & J, where a medical implant is reverse-designed, and finally, the implant might be manufactured locally on a 3D printer. The intricate, personalized medical implants are provided quickly and with little infrastructure expenditure.
3D Printed Medical Devices Market Segmentation:
The global 3D Printed Medical Devices Market By Product is segmented into 3D printers, 3D bio-printers, materials, software & services. By Application, is fragmented into implants, tissue engineering, and external wearable device. By Technology is categorized into Laser beam melting, photo polymerization, 3D printing, electron beam melting, and droplet deposition. By end user is divided into hospitals, academic institutes, CRO’s and Pharma & biotech companies.
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3D Printed Medical Devices Market Regional Analysis:
The market for 3D-printed medical equipment is dominated by North America due to the region’s robust healthcare infrastructure and growing research activity. Due to the expansion of government initiatives to raise public awareness, an increase in medical tourism, an increase in research activities in the region, the availability of sizable untapped markets, a sizable population pool, and the rising demand for high-quality healthcare in the region, Asia-Pacific is predicted to experience significant growth throughout the forecast period.
Key players’ profiles in the 3d printed medical devices market report are 3D Systems Corporations, Bio3D Technologies, Cyfuse Medical K.K., EnvisionTEC, Materialise NV, Organovo Holdings, Inc., Oxford Performance Materials, Inc., SLM Solutions Group AG, and Stratasys Ltd.
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This release was published on openPR.