VALLEY COTTAGE, New York,
October 27, 2016 /PRNewswire/ --
Future Market Insights delivers key insights on the
global 3D printed medical devices market in a new
publication titled "3D Printed Medical Devices Market: Global
Industry Analysis and Opportunity Assessment, 2016 -
2026". The global 3D printed medical devices market was
estimated to be US$ 238 Mn in 2015
and it has a wide scope of growth in the forecast period. The
global 3D printed medical devices market can be broadly classified
into six segments depending on the technology namely -
stereolithography (SLA), selective layer sintering (SLS), digital
light processing (DLP), fused deposition modelling (FDM), polyjet /
inkjet 3D printing, and electronic beam melting (EBM) - each with
different applications that are specific to orthopaedic, dental,
and internal and external prosthetics. The global 3D printed
medical devices market is expected to reach US$ 279.6 Mn in 2016, witnessing a year-on-year
growth of 17.5%.
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According to Future Market Insights analysts, factors such
as a rising prevalence of disorders such as diabetes-related
gangrene cases, peripheral vascular diseases, and osteoarthritis
among elderly individuals are leading to the use of 3D printed
medical devices. Some of the other factors are cases where dental
implants and cranio-maxillofacial implants are required. These
factors are collectively anticipated to fuel the revenue growth of
the global 3D printed medical devices market over the forecast
period. In addition, factors such as rising awareness regarding
personal care, increasing prevalence of chronic diseases, increase
in incidence of accidents, and increasing geriatric population are
anticipated to enhance the growth of the global 3D printed medical
devices market over the forecast period.
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Figures:
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However, only a few selected materials such as resins, plastics
and a few metals are used for 3D printing. Usage of other materials
for 3D printing results in high operational costs and is time
consuming. Also, size of the printer limits the size of the product
and thus, it is a challenging job to produce parts of large
industrial machines. Moreover, a key limiting factor in the
adoption of 3D printing are technical barriers. These are complex
equipment and so most of the 3D printing manufacturers are
utilising open source technology. As adjusting equipment and
printing parameters are time consuming processes, users lose
interest in learning or knowing to operate such devices.
Segmentation highlights
- By technology, the SLS technology segment accounted for a
higher revenue share in the global 3D printed medical devices
market in 2015 as compared to other product segments. The SLS
technology segment is expected to reach a value of US$ 230.0 Mn by 2026, registering a CAGR of 15.3%
over the forecast period. Though the value of the polyjet / inkjet
3D printed medical devices technology segment was lower as compared
to the SLS technology segment in 2015, due to a growing demand and
increasing applications, its value over the forecast period is
expected to be the highest amongst the other categories in the
technology segment.
- By material, the plastics material segment accounted for a
higher revenue share in the global 3D printed medical devices
market as compared to others. The plastic material segment is
expected to reach a value of US$ 984.7
Mn by 2026, registering a CAGR of 17.2% over the forecast
period.
- By application, the orthopaedic implants application segment
accounted for a higher revenue share in the global 3D printed
medical devices market as compared to other segments. The
orthopaedic implants application segment is expected to reach a
value of US$ 643.5 Mn by 2026,
reflecting a CAGR of 19.9% over the forecast period.
- By distribution channel, the hospitals end user segment
accounts for higher demand for 3D printed medical devices as
compared to other distribution channel segments such as ambulatory
surgical centres and diagnostic centres, registering a CAGR of
18.7% over the forecast period.
Preview Analysis on Global 3D printed medical devices market
segmentation by material - plastics, biomaterial
inks; by application type - orthopedic implants,
dental implants, cranio-maxillofacial implants, internal and
external prosthesis; by technology - liquid based 3D
printing, powder based 3D printing, DLP, FDM-plastic filament
extrusion, polyjet/inkjet printing, EBM; by distribution
channel - hospitals, diagnostic centres, ambulatory
surgical centres:
http://www.futuremarketinsights.com/reports/3d-Printed-medical-devices-market
Regional market projections
Sales of 3D printed medical devices are relatively healthy in
the U.S. market in recent years, making North America the most lucrative market
globally. The North America 3D
printed medical devices market revenue was accounted to be
US$ 105.0 Mn in 2015, with the U.S.
accounting for a majority of revenue share. In addition to
North America, 3D printed medical
devices sales are expected to grow gradually in Western Europe, Eastern Europe, and APEJ. Revenues in
Western Europe are expected to
register a CAGR of 18.5%, whereas Eastern
Europe is anticipated to register a CAGR of 15.6% over the
forecast period.
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Vendor insights
Key players in the global 3D printed medical devices market
include 3D Systems, Inc., Arcam AB, Stratasys Ltd., FabRx Ltd., EOS
GmbH Electro Optical Systems, EnvisionTEC, Cyfuse Biomedical K.K.,
and Bio3D Technologies. Major market players are implementing
different strategies and are launching new products in order to
grow their market share.
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