Healthcare 3D Printing Market Is Expected to Reach $1,129.8 Million by 2020: Radiant Insights, Inc.
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwired) -- 09/08/15 -- The Global is expected to reach USD 1,129.8 million by 2020, growing at an estimated CAGR of 15.6% from 2014 to 2020. Growing need to produce automated products and increasing number of cost curbing initiatives undertaken by medical device manufacturers are expected to drive market growth during the forecast period. In addition, this technology serves as an effective tool in rendering simulations and clarity to healthcare practitioners while performing or preparing for complicated medical procedures.
Implants dominated the overall market in 2013, accounting for over 60.0% of global revenue, primarily owing to high procedure volumes. Growing demand for this technology as a cost effective and accurate tool is expected to drive segment growth during the forecast period.
Polymers dominated the raw materials market in terms of share at over 35% in 2013 owing to their high usage rates in printing bio-models. The market for ceramics is expected to grow at a lucrative CAGR of 15.6% during the forecast period as it is widely used to manufacture the tooth or the mandible (jaw bone). Both these raw materials have been included in the U.S. FDA''s list of approved materials to be used for manufacturing implants that will be in contact with the body for long duration of time.
Photo-polymerization dominated the overall technology market and was valued at over USD 140 million in 2013. This technology is used widely by research organizations and companies to manufacture efficient and accurate bio-models.
Laser beam melting is expected to be the fastest growing technology, at an estimated CAGR of over 16% from 2014 to 2020 on account of its growing demand in manufacturing orthopedic implants and hip stems
North America was the largest regional market in 2013, accounting for over 35% of global revenue owing to the presence of high patient awareness levels, increasing healthcare expenditure, sophisticated healthcare infrastructure and increasing investment in R&D facilities pertaining to the development of 3D technologies based products
Europe is expected to be the fastest growing regional market over the forecast period. Presence of a large number of R&D funding programs and increasing demand for customized medical devices in this region is expected to drive market growth over the next six years
Key participants of this market include Envision TEC, Stratasys Inc., Materialise NV, 3D Systems Software, Bio-Rad Laboratories, Organovo, SOLS, Simbionix, Metamason, RegenHU Ltd., Youbionic, Bio3D Technologies Pte Ltd, 3D Matters Pte Ltd., 3D Systems Corporation (3DS), Ekso Bionics, Roche Pharmaceuticals, Renishaw plc., Robohand, Delcam India, Worrell, mobileOCT, Archam, Rainbow Biosciences, ALD Vacuum Technologies, and 3T RPD Ltd.
Orthopedic Surgical Guides
Crani-maxillofacial Surgical Guides
Dental Surgical Guides
Orthopedic Implants
Crani-maxillofacial Implants
Surgical Instruments
Bioengineering
Electron Beam Melting
Laser Beam Melting
Photopolymerization
Stereolithography
Inkjet Printing (IJP)
Fused Deposition Modeling (FDM)
Multiphase Jet Solidification (
Metals Market
Biological Cells
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
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Datum: 08.09.2015 - 06:45 Uhr
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