Global Medical Device Additive Manufacturing Market Analysis 2020, Featuring Key Players 3D Systems Inc, GE Additives, Vaupell Inc and Precision ADM Inc.
DUBLIN, Dec. 29, 2020 /PRNewswire/ -- The "Medical Device Additive Manufacturing Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology; By Product; and By Application, and Geography" report has been added to ResearchAndMarkets.com's offering.
The medical device additive manufacturing market is expected to reach US$ 4,440.5 million by 2027 from US$ 1,350.4 million in 2019; it is estimated to grow at a CAGR of 16.2% from 2020 to 2027. Factors such as increasing demand for additive manufacturing in healthcare, and rising incidence of musculoskeletal and dental diseases are expected to boost the growth of the global medical device additive manufacturing market. However, the market is limited by exorbitant costs of automated medical device additive manufacturing during the forecast period.
Based on technology, the medical device additive manufacturing market is segmented into laser sintering, stereolithography, electron beam melting, and extrusion. In 2019, the laser-sintering segment accounted for the highest share of the market. The market growth of this segment is attributed to the fact that there is no need to provide support structures for fragile and thin parts of devices, unlike the devices produced with the use of stereolithography. Further, high precision in geometries achieved by laser sintering is not possible with any other technology; thus, the market for this segment is expected to grow at the highest CAGR during the 2020-2027.
The healthcare sector has been witnessing rapid transformation since the last few years. Various technological advancements in the sector include the customization of medical devices, use of computing technologies to design medical devices, and restructuring the core build-up of these devices through technologies such as CAD-CAM and 3D printing. With a need for better healthcare facilities, technology-enabled care (TEC) solutions are being preferred in the healthcare systems in the emerging economies. The increase in elderly population, rise in incidence of chronic illnesses, and escalating need for paediatric care are the primary factors driving the growth of the healthcare sector. Various established players in this sector have been investing significant amounts of their revenue in research and development activities for the development of better and advanced products as well as technologies. Also, the availability of reimbursement for various medical procedures is contributing to the growth of the sector.
Medical device companies in the world are investing in the expansion of their capabilities and operations. Leading market players such as Medtronic; Stryker; BD; and Baxter International, Inc. are investing a significant percentage of their annual incomes in the development of their manufacturing capabilities by incorporating advanced technologies such as additive manufacturing in the overall processes. Thus, the potential advancements in the global healthcare sector provide significant opportunities to the medical device additive manufacturing market players to secure growth during the forecast period.
Key Topics Covered:
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Medical Device Additive Manufacturing Market- By Technology
1.3.2 Medical Device Additive Manufacturing Market- By Product
1.3.3 Medical Device Additive Manufacturing Market - By Application
1.3.4 Global Medical Device Additive Manufacturing Market- By Geography
2. Medical Device Additive Manufacturing Market - Key Takeaways
3. Research Methodology
4. Global Medical Device Additive Manufacturing- Market Landscape
5. Medical Device Additive Manufacturing Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Additive Manufacturing in Healthcare
5.1.2 Rising Incidence of Musculoskeletal and Dental Diseases
5.2 Market Restraints
5.2.1 Exorbitant Costs of Automated Medical Device Additive Manufacturing
5.3 Market Opportunities
5.3.1 Developments in Healthcare Sector
5.4 Future Trends
5.4.1 Rising Preference for Customized Medical Devices
5.5 Impact Analysis of Drivers and Restraints
6. Medical Device Additive Manufacturing Market - Global Analysis
7. Medical Device Additive Manufacturing Market Analysis - By Type
8. Medical Device Additive Manufacturing Market Analysis - By Product
9. Medical Device Additive Manufacturing Market Analysis - By Application
10. Medical Device Additive Manufacturing Market Analysis And Forecasts To 2027 - Geographical Analysis
11. Impact of COVID-19 Pandemic on Global Medical Device Additive Manufacturing Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
- 3D Systems, Inc.,
- GE Additives,
- Materialise NV,
- 3T Additive Manufacturing Limited,
- Renishaw plc, Stratasys Ltd,
- Vaupell, Inc.,
- Precision ADM Inc,
- EOS GmbH
- STRATASYS LTD.
- Allevi, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/q0ntnb
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article