3D Printing Medical Devices Market Report Forecasts Impressive Growth by 2022
Chicago, IL -- (SBWIRE) -- 09/25/2017 -- 3D printing is a type of additive manufacturing. It is a process that creates a three-dimensional object using multiple successions of layers. Each new layer connects with the previous ones and continues in similar way until the object formation is completed. The benefit of using 3D printing medical devices is, it can be manufactured as per the patient's requirement. The devices can be customized as per the requirement and necessity. With this benefit, the global 3D printing medical devices market is growing at a rapid pace during the forecasted period. This report studies the current and future aspects of 3D printing medical devices market.
The report on the global 3D printing medical devices market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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KEY PREMIUM INDUSTRY INSIGHTS
1. The most important factor that is driving the 3D printing medical devices market is the advancement in technology happening in and around the medical devices sector. There is a rise in public and private level funding available for the 3D printing medical devices market.
2. This feature along with the ease of development of customized medical products is promoting the market growth. There is a rise in number of applications in the healthcare industry which is contributing towards the growth of the 3D printing medical devices market.
3. However, lack of trained healthcare professionals required to handle these medical devices are hampering the growth of the market. Also, the stringent regulatory process is acting as a major market restraint during the forecasted period.
The global 3D printing medical devices market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the world. The Asia-Pacific region holds the highest market share and is the largest revenue contributor of the 3D printing medical devices market. The region continues to dominate the global market due to large population looking for better healthcare facilities. In addition, there are new 3D printing, research and development activities being carried out along with training facilities and educational centers in the region which is favoring the progress of the market. Major healthcare players in this region are expanding their distribution network by collaborating with other companies to. This is creating newer growth opportunities for the 3D printing medical devices market.
KEY MARKET PLAYERS
Key players in the 3D printing medical devices market include:
1. Stratasys Ltd.
2. Envisiontec GmbH
3. 3D Systems Corporation
4. EOS GmbH Electro Optical Systems
5. Renishaw plc
6. Materialise NV
7. Arcam AB
8. 3T RPD Ltd.
9. Concept Laser GmbH
10. Prodways Group
11. Carbon, Inc.
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