Market Data Forecast

Medical Device 3D Printing, the Next Possible Revolution in the Healthcare Industry

The Europe Medical Device 3D Printing market is estimated at USD 252.3 million in 2016 and is poised to reach USD 1,046.7 million by 2022, growing at a CAGR of 27.41%.


Hyderabad, India -- (SBWIRE) -- 03/21/2018 -- 3D printing, conjointly called additive producing, utilizes a layer-by-layer addition technique to provide physical objects from a three-dimensional digital file. The 3D printing technology caters to the rising demands of customized treatment by providing custom medical devices supported individual wants.

Additionally, it permits surgeons to arrange surgeries that successively helps to scale back the operative risks concerned throughout advanced procedures, the chance of infection, and reduce the length of physiological condition exposure. This might modify patients to recover quicker and scale back the hospital waiting period. Additionally, 3D printing technology would facilitate surgeons to enhance the success rate of difficult procedures.

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The Europe Medical Device 3D Printing Market is estimated to have a value of USD 252.3 million in 2016. With a CAGR of 27.41%, the market size is expected to grow rapidly to cross USD 1046.7 million by 2022.
The numerous technological innovations, increased R&D investments, apace increasing client base, and increasing scope of medical applications are some of the reasons driving the market.

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Implementation of 3D printing for medical device production, when compared to traditional techniques, leads to less material wastage in the variety of method scrap by eliminating the necessity for pricy tooling and scaling down the quantity of producing steps. The price related to typical producing like expenses for CNC programming of machines, making CAM programs, transit time and prices for multiple operations, labor prices and program management prices for multiple vendors may be eliminated by 3D printing.

In the current market state of affairs, the global 3D printing care market is basically consolidated by the two market leaders: 3D Systems Corporation and Stratasys Ltd. The illustrious players in the market have enforced product launch as their key organic process strategy to sustain the market competition. Few years back, 3D Systems Corporation has launched an all-in-one medical 3D printer, ProJet 3510 DPPro.

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Europe Medical Device 3D Printing Market is standing at the second place after North America. It is anticipated to grow at a high rate in the forecast period due to advancements in technology and raising awareness towards health in this region.

The major market contributors for the Medical Device 3D Printing Market are Stratasys Ltd. 3D Systems Corporation, EnvisionTEC GmbH, Renishaw plc, EOS GmbH Electro Optical Systems, Materialise NV, 3T RPD, Ltd., Concept Laser GmbH, Arcam AB, and Prodways.

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