Lucintel Forecasts 3D Printing Medical Device Market to Reach $4.5 Billion by 2026
- August 16th, 2021
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Dallas, TX / CRWE PRESS RELEASE / Aug. 16, 2021 - According to the recent study the 3D printing medical device market is projected to reach an estimated $4.5 billion by 2026 from $0.7 billion in 2020, at a CAGR of 36% from 2020 to 2026. Growth in this market is primarily driven by technological advancements, rising prevalence of osteoarthritis, and increasing public-private funding for 3D printing activities.
Browse 135 figures / charts and 118 tables in this 265 -page report to understand trends, opportunities and forecast in 3D printing medical device market by technology (laser beam melting, photo polymerization, electron beam melting, droplet deposition, and three-dimensional printing (3DP)), component (equipment, materials (plastic, ceramic, and metal), software & services, and others), application (surgical guides, surgical instruments, prosthetics and implants, tissue engineering products, and others), end use (medical and surgical centers, pharmaceutical & biotechnology, and academic institutions), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/3d-printing-medical-device-market.aspx
“Photo polymerization market is expected to remain the largest segment during the forecast period.”
Based on technology, the 3D printing medical device market is segmented into laser beam melting, photo polymerization, electron beam melting, droplet deposition, and three-dimensional printing (3DP). Lucintel forecasts that the photo polymerization market is expected to experience the highest growth during the forecast period due to widespread application of this technology across the medical industry, such as manufacturing surgical guides (orthopedic and dental), prosthetics and implants, porous scaffolds, and dental restorations.
“Within the 3D printing medical device market, the software & services segment is expected to remain the largest component”
Based on component, the software & services segment is expected to witness highest growth during the forecast period due to the advent of ongoing technological advancements in software solutions to produce high-quality 3D printed medical products.
“North America will dominate the 3D printing medical device market in near future”
North America is expected to be the largest region during the forecast period mainly due to the rapid adoption of this technology, established medical infrastructure, and ongoing R&D activities. APAC is likely to witness the highest growth over the forecast period due to establishment of new 3D printing research, training, and education centers, and growing efforts by leading market players for expanding their distribution networks in emerging Asian countries.
Download Brochure of this report by clicking on https://www.lucintel.com/3d-printing-medical-device-market.aspx
Major players of 3D printing medical device market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. 3D Systems Corporation, Stratasys, GE Healthcare, Materialise NV, and Renishaw are among the major 3D printing medical device providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/3d-printing-medical-device-market.aspx or email@example.com
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