FDA Regulations Pertaining Production of Patient-Matched Devices to Augment Growth
Rockville, MD -- (SBWIRE) -- 04/19/2019 -- To offset limitations associated with medical devices functionality and subsequent patient wellbeing, the healthcare industry has fast embraced 3D printing to offer apt, patient-matched medical devices, thereby limiting product recall, besides restricting compromised clinical outcome. On the back of technological novelties, increased funding from both public and private sectors, and improved mindfulness amongst end-users, the 3D printing medical devices market is slated to remain flourishing in forthcoming years.
A new report by Fact.MR projects the global 3D-printing medical devices market to register a staggering expansion throughout the forecast period 2017 to 2022. Global sales of 3D-printing medical devices are poised to account for revenues over US$ 1,700 Mn by 2022-end.
3D-Printing Medical Devices Market: Overview
3D printing medical devices market has been meticulously assessed to render palpable information on historical market performance, based on which accurate forecast figures on 3D printing medical devices market have been gleaned for the period 2017-22. The report is a decisive amalgamation of comprehensive overview of 3D printing medical devices market with thorough analysis of pertinent micro and macroeconomic factors as well as dynamics that influence growth route of 3D printing medical devices market.
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3D-printing medical devices market which is still in its infancy stage is strongly dotted by a host of strategic coalitions between pharmaceutical fraternity and academia who are aimed at directing integrated efforts towards development of sophisticated 3D-printing medical devices that improve clinical procedures. Advanced R&D initiatives overlooking production of perfect organ replicas, implants and other medical devices have occupied center stage amongst global providers. In this light, electronic medical device manufacturer Emtel have recently come up with its bespoke defibrillators based on 3DGence 3D printers. The development is presently at a nascent stage which is expected to revolutionize therapeutics after its commercial launch.
The market for 3D printing medical devices however remains plagued by a set of drawbacks such as faulty regulatory framework. The FDA has therefore recently announced a set of stringent regulatory framework pertaining production of 3D printing based medical devices. The development is considered to be historic in its approach towards setting up stringent guidelines of medical device production, design, and testing favoring optimal human as well as veterinary wellbeing. Vendors in 3D printing medical devices realm are henceforth expected to adhere to these revised FDA guidelines in their upcoming ventures thus augmenting production of apt patient-centric devices that improve quality of life amongst patients.
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A detailed section on market segments pertaining 3D printing medical devices market have also been entailed in the report that allows readers to draw substantial market information thus enabling them to deliver accurate business decisions and investment discretion on the basis of historical and future growth performance of each segment.
Intricate highlights on 3D printing medical devices market etched in the report are in line with an exhaustive research methodology encompassing thorough primary and secondary research.
3D-Printing Medical Devices Market: Competition Spectrum
Key participants contributing to the growth of 3D printing medical devices market have been aptly identified and profiled in the report. A SWOT analysis of all the mentioned entities has been entailed, besides an assessment of their respective product portfolio, company profile, and recent developments.
Analysis of the vendor landscape remains indispensable for readers aspiring a seamless penetration in 3D printing medical devices market. Readers can gain ample competitive advantage by analyzing winning strategies incorporated by market stalwarts, thus delivering accurate business deals to ensure sustained revenue pools in 3D printing medical devices market.
Key market players profiled in the report include 3D Systems Corporation, Biomedical Modeling Inc., Carbon, Inc., General Electric Company, EnvisionTEC GmbH, Materialise NV, Organovo Holdings, Inc., Groupe Gorgé SA, Renishaw plc, SLM Solutions Group AG, Stratasys Ltd., and Cyfuse Biomedical K.K.
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