Additive Manufacturing Market 2019: Global Industry Size, Segments, Share and Growth Factor Analysis Research Report

According to the American Society for Testing and Materials (ASTM), “additive manufacturing” is the “process of joining materials to make objects from 3D model data, usually layer upon layer”. Various synonyms generally used for AM are an additive fabrication, additive processes, additive techniques, additive layer manufacturing, layer manufacturing, and freeform fabrication.

The Additive Manufacturing Market is expected to grow at a CAGR of 13.5% to reach $3,471.9 million

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.

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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 provides growth opportunities for AM technologies, as new healthcare facilities have come up in these areas.

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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.

Global 3D Printing Medical Devices Market Trends and Industry Analysis Report 2019

[198 Pages Report] The 3D printing medical devices market will reach $ 1.88 billion by 2022, Nearly at a CAGR of 17.5% during the forecast period.

The increasing adoption of direct digital manufacturing and expiry of key patents of 3D printed products contributes to the growth of the global 3D printing medical devices market, across the globe. Furthermore, the growing applications of 3D printing in the healthcare industry, surgeons have started using 3D printing in a number of surgical procedures.

surgeons at the Guy’s and St Thomas’ NHS Foundation Trust (U.K.) used 3D printing for supporting the successful transplantation of an adult kidney into a child. Likewise, an Australian maxillofacial surgeon collaborated with the Melbourne University and 3D Medical Limited (Australia), to implant a 3D-printed titanium prosthetic jaw in a patient.

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3D printing medical devices market segmentation:

· on the basis of technology.

· on the basis of component.

· on the basis of type.

· on the basis of region.

The Major Players Opearting in the 3D printing medical devices market:

Product Launches, Agreements, Partnerships, and Collaborations are the Key Strategies Adopted by Leading Market Players to Foster Growth in the Global 3D Printing Medical Devices Market.

The prominent key players in the market include Stratasys, Ltd. (Israel & U.S.), 3D Systems Corporation (U.S.), EnvisionTEC GmbH (Germany), Materialise NV (Belgium), EOS GmbH (Germany), Arcam AB (Sweden), Concept Laser GmbH (Germany), Renishaw plc (U.K.), Prodways Group (France), and 3T RPD Ltd. (U.K.) which hold a significant share in the market.

Geographical Detailed Analysis For 3D Printing Medical Devices Market:

The market is dominated by North America, followed by Europe, Asia Pacific, and the Rest of the World. North America is expected to dominate the market in 2017. As of 2017, the Asia Pacific 3D printing medical devices market is expected to grow at the highest CAGR during the forecast period. The establishment of new 3D printing research, training, and education centers, and rising efforts by leading market players for expanding their distribution networks in emerging Asian countries are factors propelling the growth of the 3D printing medical devices market in Asia Pacific.

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