3D Printed Medical Devices Will Experience Phenomenal Growth in 2024?

Image Credit : medicalfuturist

Technological advancements making 3D-printed devices more affordable

Factors driving growth of the 3D printed medical devices market include rising technological advancements through development of innovative 3D printed medical equipment and increasing healthcare spending worldwide. For instance, Stratasys Ltd. is focusing on development of extensive detailed prototypes or molds made of flexible and transparent materials for detailed study of chronic diseases. Moreover, aging population also contributes towards the demand for these devices. This is primarily due to the fact that this particular demographic group is more susceptible to osteoarthritis, gangrene, as a risk of diabetes and chronic heart disorders. Rising incidence of road and other accidents is also expected to influence market growth. However, stringent regulatory framework, high cost of 3D printed devices, and low reimbursement policies are some of the factors restraining market growth for 3D printed medical devices.

Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/29

D Printing: Ushering in the New Era of Customized Medical Devices

3D printed medical devices are three-dimensional objects, created by attaching successive layers of objects through a 3D digital file. Such devices are highly customized to suit the patient’s unique needs, which in turn helps provide better patient outcomes. Moreover, it can also be used to develop anatomical models for medical related education and for training purposes. This is a rapidly emerging technology facilitating production of different kinds of medical products such as implants, surgical instruments, and external prosthetics. The process of 3D printed medical device manufacturing involves multiple steps. These steps depend upon the type of printing and the complexity of the equipment.

Burgeoning geriatric population in Europe a highly lucrative market

Regional segmentation by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America accounts for the largest market share, mainly due to presence of major players and early adoption of advanced medical technologies in countries such as U.S. and Canada. Europe is the second-largest market, owing to the large target population, especially comprising of elderly people, with high approval for use of 3D-printed medical devices. Growing disposable income and increasing awareness levels among the populace in Asia Pacific, along with a large population base is expected to position Asia Pacific as a high growth market in the near future.

Access Table of Content (TOC) Of the Report: https://www.coherentmarketinsights.com/ongoing-insight/toc/29

Stratasys Ltd. is one of the major companies for 3D printed medical devices market

Key players operating the 3D medical devices market include 3D Systems, Inc., Stratasys Ltd., EOS GmbH Electro Optical Systems, Arcam AB, FabRx Ltd., Bio3D Technologies, EnvisionTEC, Cyfuse Biomedical K.K., Concept Laser GmbH, 3T RPD, Ltd., and Prodways. Major companies in the market are constantly working towards introducing innovative products and lower production costs in order to enhance profitability. For instance, in November 2016, 3D Systems extended its anatomical modeling service aimed at including pliable MultiJet Printing (MJP) material for patient-specific 3D modelling and printing services.

You may be interested

Lysosomal Acid Lipase (LAL) Deficiency Treatment Market to Witness Robust Expansion Throughout the Forecast Period 2017 – 2025
Business
Business

Lysosomal Acid Lipase (LAL) Deficiency Treatment Market to Witness Robust Expansion Throughout the Forecast Period 2017 – 2025

Albert R - October 22, 2018

CMI released a new market study on 2017-2025 Lysosomal Acid Lipase (LAL) Deficiency Treatment Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through…

Anxiety Disorders and Depression Treatments Anxiety Disorders and Depression Treatments Market is forecasted to witness a thriving growth by 2025
Business
Business

Anxiety Disorders and Depression Treatments Anxiety Disorders and Depression Treatments Market is forecasted to witness a thriving growth by 2025

Albert R - October 22, 2018

CMI released a new market study on 2017-2025 Anxiety Disorders and Depression Treatments Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages…

Surgical Sutures Market 2018: Record Overwhelming Hike in Revenues by 2026
Business
Business

Surgical Sutures Market 2018: Record Overwhelming Hike in Revenues by 2026

Albert R - October 22, 2018

CMI released a new market study on 2017-2025 Surgical Sutures Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to…

Most from this category