03.06.15
According a report released on March 5 by U.K.-based Meticulous Research, the global medical 3-D-printing market will reach $983.2 million by 2020 with a compound annual growth rate of 20.3 percent from 2014 to 2020.
The report analyzes the major drivers, restraints, opportunities, and challenges that have a long- and short-term impact on its growth across the globe.
Meticulous Research analysts segment medical 3-D printing by application and by products. The market by application is mainly divided into dental, medical prosthetic, orthopedic, and surgical instruments. The dental application market further is divided into dental implants, dentures, surgical guides and others. Orthopedic application is sub-segmented into orthopedic implants and surgical guides, while the medical instrument market is sub-segmented into surgical cutting guides, drill guides, bespoke tools, and bio-medical scaffold systems. The medical 3-D-printing market by products is divided into printers, scanners, materials and software. Materials are sub-segmented as metals, polymers, ceramics and biological cells.
The medical 3-D-printing market mainly is driven by the “widening application, government initiatives to promote research activities in 3-D printing, increased investments by key players to incorporate this technology, and continuous innovations in this field,” report authors concluded. They noted, however, that high cost, environmental issues, patent and copyright issues could limit the growth of market.
The North American region accounted for the largest share in global medical 3-D printing, followed by Europe, and Asia-Pacific.
“Asia-Pacific provides significant growth opportunities for this market as a result of many technological and healthcare reforms in the region with improved economic conditions and positive approach of the government towards the healthcare sector,” analysts wrote.
The report analyzes the major drivers, restraints, opportunities, and challenges that have a long- and short-term impact on its growth across the globe.
Meticulous Research analysts segment medical 3-D printing by application and by products. The market by application is mainly divided into dental, medical prosthetic, orthopedic, and surgical instruments. The dental application market further is divided into dental implants, dentures, surgical guides and others. Orthopedic application is sub-segmented into orthopedic implants and surgical guides, while the medical instrument market is sub-segmented into surgical cutting guides, drill guides, bespoke tools, and bio-medical scaffold systems. The medical 3-D-printing market by products is divided into printers, scanners, materials and software. Materials are sub-segmented as metals, polymers, ceramics and biological cells.
The medical 3-D-printing market mainly is driven by the “widening application, government initiatives to promote research activities in 3-D printing, increased investments by key players to incorporate this technology, and continuous innovations in this field,” report authors concluded. They noted, however, that high cost, environmental issues, patent and copyright issues could limit the growth of market.
The North American region accounted for the largest share in global medical 3-D printing, followed by Europe, and Asia-Pacific.
“Asia-Pacific provides significant growth opportunities for this market as a result of many technological and healthcare reforms in the region with improved economic conditions and positive approach of the government towards the healthcare sector,” analysts wrote.