3D Printing Medical Devices Market Size 2024-Global Industry Trends, Share, Growth Drivers, Opportunities, Challenges and Future Competition Till 2033: SPER Market Research
Conventional manufacturing methods usually involve a number of manufacturing steps, assembly procedures, and the use of different components. On the other hand, by creating intricate medical devices as a single, integrated component, 3D printing can simplify the production process. This reduction in complexity can help to expedite production processes, simplify supply chains, and lessen the possibility of mistakes or failures during assembly. The range of medical equipment that can be 3D printed has increased with the advent of new materials designed with printing in mind. Bioresorbable polymers and some metal alloys are examples of biocompatible materials with the necessary mechanical properties that are already accessible for use in medicine.
According to SPER market research, ‘3D Printing Medical Devices Market Size- By Component, By Application, By End User, By Technology – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Global 3D Printing Medical Devices Market is predicted to reach USD 13.19 billion by 2033 with a CAGR of 14.71%.
The market for 3D printed medical devices is expected to grow at an opportune pace due to the advancements in digital solutions across several industries, such as dentistry and other medical operations. By using automated procedures, the clinical workflow is intended to be optimized. The dental sector is considered as one example of the many different types of medical procedures that have undergone a clear transition from conventional modes of process following. In recent years, there has been a movement in the usual trend of dental operations to include surgeries and digital dentistry.
The lack of qualified workers is one of the main obstacles impeding the use of additive manufacturing. The problem stems from the fact that there is a restricted pool of resources available for employees who are knowledgeable about 3D printing. This element is further impacted by the quickly changing material and technological landscape of 3D printing devices for medical applications. Industrial applications of 3D printed medical equipment are hindered by the fact that additive manufacturing has not yet gained widespread acceptance and that there is a significant gap between academic and textual applications of the technology.
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The COVID-19 pandemic is expected to increase demand for reconditioned medical equipment, such as mechanical ventilators. Reconditioned medical equipment is negatively impacted by a significant disruption in the supply chain that the healthcare sector is also coping with. A device that has been reconditioned to a level equivalent to brand-new equipment is called a 3D printing medical device.
3D Printing Medical Devices Market Key Players:
Geographically, North America the dominant region in the global market for 3D Printing Medical Devices. Better healthcare infrastructure, a rise in the use of 3D printing medical devices in healthcare facilities, and the presence of major market players in the area are some of the major factors driving the growth of the global market for these devices in North America. Key players are Autodesk Inc, Biomerics LLC, Desktop Metal Inc, General Electric Co., Medtronic Plc, Qualtech Consulting Corp. and Stratasys Ltd.
Global 3D Printing Medical Devices Market Segmentation:
By Component: Based on the Component, Global 3D Printing Medical Devices Market is segmented as; 3D Bioprinter, 3D Printer, Material Software, Service.
By Application: Based on the Application, Global 3D Printing Medical Devices Market is segmented as; Implant, Prosthetics and Surgical Guides.
By End User: Based on the End User, Global 3D Printing Medical Devices Market is segmented as; Hospitals and Research Centres.
By Technology: Based on the Technology, Global 3D Printing Medical Devices Market is segmented as; DLP, DLMS, EBM, Polyjet, SLS, SLA.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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3D Printing Medical Devices Market Scope
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