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Global 3D Printing Medical Devices Market | Growth, Trends, and Forecast (2017-2022)

[198 Pages Report] The 3D printing medical devices market is expected to reach USD 1.88 billion by 2022 from USD 0.84 billion in 2017, at a CAGR of 17.5% from 2017 to 2022.

· Medical Devices,Biotechnology,Healthcare,Pharmaceuticals

Major factors driving the growth of this market Technological advancements, increasing public-private funding, easy development of customized medical products, and growing applications in the healthcare industry. 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 3D Printing Medical Devices Market. However, the stringent regulatory process and the dearth of trained professionals may hinder the growth of this market during the forecast period.

3D Printing Medical Devices Market – Market Dynamics Drivers
  • Technological advancements in 3D printing
  • Increasing public-private funding for 3D printing activities
  • Easy development of customized medical products using 3D printing
  • Growing applications of 3D printing in the healthcare industry
Restraints
  • Stringent regulatory process for the approval of 3D-printed medical devices
  • Dearth of trained professionals
Opportunities
  • Direct digital manufacturing
  • Reconfiguration of supply chain models of medical device manufacturers
  • Expiry of key patents in the 3D printing industry
  • Growing demand for organ transplant
Challenges
  • High cost of 3D printing systems
  • Socio-ethical concerns related to the use of 3D-printed products
  • Process control and understanding

To know about the assumptions considered for the study, download the pdf brochure

3D printing technologies in the medical field have been used to craft a variety of surgical tools that can be affordably tailored to match particular surgeon or patient preferences. These instruments are made using metals that are sterilizable, biocompatible, and non-toxic, and do not cause allergic reactions or shed particles. The market for this segment is mainly driven by increasing awareness among people about 3D printed products, rapid production rate, and cost benefits.

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