Growth Opportunuties in 3D Printing Medical Devices Market
The 3D printing medical devices market is expected to reach USD 1.88 billion, at a CAGR of 17.5%
(EMAILWIRE.COM, February 05, 2019 ) Major factors driving the growth of this 3D Printing Medical Devices 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 market.
* Technological advancements in 3D printing, increasing public-private funding for 3D printing activities, and growing applications of 3D printing in the healthcare industry are the major drivers for the market.
The 3D printing market 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.
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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.
Key players in the 3D printing medical devices market;
Stratasys, Ltd. (Israel & US), 3D Systems Corporation (US), EnvisionTEC GmbH (Germany), Materialise NV (Belgium), EOS GmbH (Germany), Arcam AB (Sweden), Concept Laser GmbH (Germany), Renishaw plc (UK), Prodways Group (France), and 3T RPD Ltd. (UK).
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