Medical Device Additive Manufacturing Market for Laser Sintering to Grow at Highest CAGR during 2020–2027
According to our new market research study on “Medical Device Additive Manufacturing Market to 2027 – COVID-19 Impact and Global Analysis– by Technology, Product, and Application,” the 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 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.
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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 pediatric care are the primary factors driving the growth of 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 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.
The COVID-19 outbreak was first reported in December 2019 in Wuhan (China), and with its spread to ~100 countries across the world, the World Health Organization (WHO) termed it a pandemic with public health emergency. In North America, the US has been profoundly affected by the outbreak. For instance, California-based Airwolf3D Company has proposed its fleet of 3D printers for the manufacturing of respirator valves and custom medical components. The company is also contributing remote technical support for medical staff that would be willing to know more about 3D printing. The use of 3D printing and additive manufacturing for the development of medical supplies and instruments in emergency is likely to be a prime opportunity for the market players
3D Systems, Inc., GE Additives, Materialise NV, 3T Additive Manufacturing Limited, Renishawplc, Stratasys Ltd, Vaupell, Inc.,Precision ADM Inc, EOS GmbH, and Allevi, Inc. are among the leading companies operating in the medical device additive manufacturing market.
The report segments global medical device additive manufacturing market as follows:
ByTechnology
- Laser Sintering
- Stereolithography
- Electron Beam Melting
- Extrusion
By Product
- Surgical Instruments
- Implants and Prosthetics
- Surgical Guides
- Tissue Engineering
- Other Products
By Application
- Orthopedic
- Dental
- Craniomaxillofacial
- Bioengineering
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Spain
- Italy
- Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- South and Central America (SCAM)
- Brazil
- Argentina
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The new research report titled "Medical Device Contract Manufacturing Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the medical device contract manufacturing market include Benchmark Electronics, Inc., Celestica, Creganna Medical, Flextronics, Greatbatch, Inc., Jabil Circuit, Nortech Systems, Inc., Symmetry Medical Inc., Vention Medical, and West Pharmaceutical Services, In..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Medical Device Contract Manufacturing Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/medical-device-contract-manufacturing-market/download-sampleMarket DynamicsThe rapidly growing medical devices market across the globe is primarily driving the market growth.
Along with this, the impact of industry 4.0 on the medical devices industry is further fuelling the market demand.
The global Additive Manufacturing & Material market is valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.
The objectives of this study are to define, segment, and project the size of the Additive Manufacturing & Material market based on company, product type, end user and key regions.This report studies the global market size of Additive Manufacturing & Material in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Additive Manufacturing & Material in these regions.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-additive-manufacturing-material-2025-770This research report categorizes the global Additive Manufacturing & Material market by top players/brands, region, type and end user.
This report also studies the global Additive Manufacturing & Material market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.The following manufacturers are covered in this report, with sales, revenue, market share for each company:3D SystemsARCAMEnvisiontecEosExoneMCOR TechnologiesMakerbot IndustriesMaterialiseOptomecStratasysMarket size by ProductPlasticsMetalsCeramicsMarket size by End UserAerospace IndustryAutomotive IndustryHealthcare IndustryGovernment and DefenseMarket size by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaSingaporeMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceUKItalySpainRussiaCentral & South AmericaBrazilRest of Central & South AmericaMiddle East & AfricaGCC CountriesTurkeyEgyptSouth AfricaThe study objectives of this report are:To study and analyze the global Additive Manufacturing & Material market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.To understand the structure of Additive Manufacturing & Material market by identifying its various subsegments.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).Focuses on the key global Additive Manufacturing & Material companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.To project the value and sales volume of Additive Manufacturing & Material submarkets, with respect to key regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Additive Manufacturing & Material are as follows:History Year: 2014–2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025This report includes the estimation of market size for value (million US$) and volume (K MT).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of Additive Manufacturing & Material market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.For the data information by region, company, type and application, 2018 is considered as the base year.
