The market was valued at US$354.5 million in 2012.
According to analysts, North America held the largest market share for 3D printing in medical applications in 2012. However, in the forecasted period between 2013 and 2019, Europe is expected to the highest growth rate of 15%. This growth will be attributable to funding by the government, various mergers and acquisitions of companies that have better technology, and conducive reimbursement policies.
Global 3D printing in medical applications market has seen a rise in the recent years as the industry is in a perpetual need for technically sound products. 3D printing has provided the healthcare segment great solutions such as surgical instruments, bioengineered products, medical implants, and surgical guides. These solutions have thoroughly helped the medical industry in solving complex medical problems. The other factors contributing growth of 3D printing in medical applications market is a huge and quick demand for cost-effective solutions to many medical problems. However, despite such strong market drivers, the 3D printing in medical applications faces challenges such as volatile prices of raw material and untrained professionals to use these devices, the report says.
Surgical equipment
The evolution of 3D printing in medical applications has helped in manufacturing surgical guides such as orthopedic, dental, and cranio-maxillofacial. This technological advancement has also made the use of surgical instruments far more efficient by enabling self-sterilizing surgical equipment.
The report is entitled 3D Printing in Medical Applications Market (Medical Implants (Dental, Orthopedic, Cranio-maxillofacial), Surgical Guides, Surgical Instruments, Bio-engineered Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 and is available from the company’s website.
