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 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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