First News

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 industry. What the Market Looks Like? Predicted to grow at a CAGR of 17.5% during the forecast period, the global  3D Printing Medical Devices Market   is estimated to reach USD 1.88 Billion by the end of 2022. In 2017, North America held the largest market share, followed by Europe.However, stringent regulatory process and the dearth of trained professionals may hinder the growth of this market during the forecast period. On the basis of component, the overall market is segmented into three broad categories, namely, equipment, materials, and software & services. The software & services market is estimated to command the largest sh...

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 Opportu...