/image%2F6014638%2F20201120%2Fob_6fa95d_3d-printing-medical-devices.jpg)
Moreover, direct digital manufacturing, the expiry of key patents in the coming years, and the growing demand for organ transplant provide significant growth opportunities in the industry.
However, stringent regulatory process and the dearth of trained professionals may hinder the growth of this market.The overall 3D printing medical devices industry is witnessing a new phase of technological developments, with the launch of technologically advanced products.
In June 2017, 3D Systems (US) launched the Simbionix SPINE Mentor, a hands-on simulated training tool for minimally invasive surgical procedures.
The Simbionix SPINE Mentor is a combination of medical tools and 3D printing to develop hybrid spinal surgery training solutions.
Moreover, companies are also focusing on launching planning systems using 3D printing with the aim to enhance the medical surgery procedures.
Moreover, launching innovative products in the market helps companies gain a competitive advantage and drive the uptake of their products.3D Printing Medical Devices Market Growth Request Free PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90799911In recent years, there has been a significant increase in public-private funding to support various initiatives in the 3D printing industry.
3D Printing Medical Devices valued approximately USD 0.75 Billion in 2016 is anticipated to grow with healthy growth rate of more than 17.5% over the forecast period 20172025.
The Key drivers of the market include Technological advancements, rising publicprivate funding, and increasing applications in the healthcare industry.The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years.
The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market.
Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and subsegment of the market are explained below:Click here to Get free PDF Sample @ https://www.grandresearchstore.com/report-sample/3d-printing-medical-devices-market-28By Technology:Laser Beam MeltingPhotopolymerizationElectron Beam MeltingDroplet Deposition Or ExtrusionBased TechnologiesThreeDimensional Printing 3DP Or Adhesion Bonding Or Binder JettingComponent:EquipmentMaterialServices and SoftwareType:Surgical GuidesSurgical InstrumentsProsthetics and ImplantsTissue Engineering ProductsRegions:North AmericaU.S.CanadaEuropeUKGermanyAsia PacificChinaIndiaJapanLatin AmericaBrazilMexicoRest of the WorldGet the Complete Report & TOC @ https://www.grandresearchstore.com/life-sciences/3d-printing-medical-devices-market-28Furthermore, the years considered for the study are as follows:Historical year — 2015Base year — 2016Forecast period — 2017 to 2025Some of the key manufacturers involved in the market are Stratasys Ltd, SLM Solutions Group AG, Organovo Holdings, Inc, Biomedical Modeling Inc. and Anatomics Pty Ltd companies are spending a lot on their research and development programs to keep up with the dynamically changing technologies in the market.
The global 3D printing medical devices market is expected to exceed US$ 1,700 Mn in revenues by 2022-end, according to a recent research by Fact.MR.
Numerous collaborations have been witnessed worldwide, between academic institutions and major players in the market, who are investing heavily in R activities.
3D-printing technology has been revolutionizing the preclinical drug testing, making the testing on 3D-printed organs convenient, thereby resulting into the provision of a substitute for animal testing.
The aforementioned factors are expected to augment demand for 3D printing medical devices in the years to come.Read Report Summary: https://www.factmr.com/report/248/3d-printing-medical-devices-marketPotential of 3D-printing in transforming medical devices’ use to treat various diseases is impacting the healthcare sector, enabling construction of non-implantable and implantable medical devices, and cost-effective customizable medical devices.
Facilitating surgeons in planning surgeries, 3D printing medical devices help in lowering operative risks encountered during complex procedures, reduce duration of anesthesia exposure, decrease risk of infection, enable patients in recovering faster, and dramatically reduce time of hospital stay.
These factors might further impact the market growth over the forecast period.Followed by tissue engineering, implants will continue to be the most lucrative application of the 3D-printing medical devices, in terms of revenues.
