The global 3D printing medical devices market is expected to exceed US$ 1,700 Mn in revenues by 2022-end, according to a recent research by Fact.MR. The global 3D printing medical devices market is poised to exhibit a high double-digit CAGR during 2017 to 2022. Introduction of 3D-printed tablets has paved new opportunities for 3D-printing technology, increasing its application across the pharmaceutical industry. Numerous collaborations have been witnessed worldwide, between academic institutions and major players in the market, who are investing heavily in R&D activities. 3D-printing technology has been revolutionizing the preclinical drug testing, making the testing on 3D-printed organs convenient, thereby resulting into the provision of a substitute for animal testing. This technology is also making it easy for surgeons to improve the complicated procedures’ success rate. The aforementioned factors are expected to augment demand for 3D printing medical devices in the years to come.
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3D Printing Medical Devices Market Insights Segmentation
- North America
- East Asia
- South Asia
- Latin America
- Middle East & Africa
By End User
- Academic Institutes
- Contract Research Organizations
- Pharma and Biotech Companies
Competitive Landscape: Top Companies in 3D Printing Medical Devices Market
The global 3D printing medical devices market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced 3D printing medical devices.
Fact.MR has provided detailed information about price points of top manufacturers of 3D printing medical devices market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
- Stratasys Ltd. in March 2021, introduced a J5 DentaJet 3D Poly Jet printer to be used by dental laboratories
- SLM Solutions partnered with Canwell Medical in the year 2020. This partnership will allow Canwell Medical to use SLM machines to make 3D printed surgical implant products. Application and technical assistance along with research and developmental support will be provided to Canwell Medical taking a step towards serial production and product certification.