Additive
manufacturing (AM) is an automatic process used to create rapid prototypes and
functional end-use parts. It takes virtual designs from Computer Aided Design
(CAD) software, and transforms them into thin, virtual, horizontal layer-wise cross-sections,
until the model is complete. Various synonyms generally used for AM are
additive fabrication, additive processes, additive techniques, additive layer
manufacturing, layer manufacturing, and freeform fabrication.
According to the
American Society for Testing and Materials (ASTM), is the “process of joining
materials to make objects from 3D model data, usually layer upon layer”.
Various synonyms generally used for AM are additive fabrication, additive
processes, additive techniques, additive layer manufacturing, layer
manufacturing, and freeform fabrication.
Technological innovations in 3d printing have been
witnessed over the past few years. Newer surgical products manufactured from
AM, with better safety and efficacy attributes, contribute to the widespread
adoption of the additive manufacturing in medical by physicians and patients
worldwide.
Download PDF - Additive Manufacturing Market:
Global 3D Printing Market, by industry
·
Automotives
·
Consumer products
·
Business machines
·
Medical
·
Academic
·
Aerospace
·
Government/military
Automotive or
motor vehicles account for the largest share in this market, primarily due to
the easy applications of 3D printing in the production of end-products
(engines, spare parts, other interior, and exterior parts) as compared to other
segments such as consumer products and business machines, which have limited
usage in manufacturing of end-products. Rising healthcare expenditure in
emerging economies provide growth opportunities for the AM technologies,
as new healthcare facilities have come up in these areas.
New and improved technologies, financial support from
governments, large application area, rapid product development at a low cost,
and ease of development of custom products are the major drivers that are
slated to propel additive manufacturing market. However, a few pivotal factors
restraining the growth of this market are regulatory hurdles in different
countries, material characterization during development, and process control
and understanding.
The penetration rate of additive manufacturing for the
medical devices market is faltering in emerging markets. However, established
companies and new entrants in the additive manufacturing for medical devices
market should consider these GDP growth rates, ease of product approval, increasing
procedural volumes, and low penetration rates compared to mature markets, as
the driving opportunistic factors that will plant the seed for future possible
success for such companies.
Geographical
Analysis of Additive Manufacturing Market:
Europe accounts for the largest market share of the
global additive manufacturing for medical devices market, followed by North
America. In the future, it is estimated that the share of the European region
will decrease, attributable to lowering device prices, regulatory pressures,
and increasing focus of players towards emerging markets in the Asian and Latin
American regions.
Major Key
Players in Additive
Manufacturing Market:
The key players in this market are 3D Systems Corporation
(U.S.), 3T RPD (U.K.), Arcam AB (Sweden), Biomedical Modeling, Inc. (U.S.),
Envisiontec GmbH (Germany), EOS GmbH Electro Optical Systems (Germany), Fcubic
AB (Sweden), GPI Prototype and Manufacturing Services, Inc. (U.S.), Greatbatch,
Inc. (U.S.), Layerwise NV (Belgium), Limacorporate SPA (Italy), Materialise NV
(Belgium), Medical Modeling, Inc. (U.S.), and others.
