Global 3D Printing Medical Devices market is projected to reach USD 5.1 billion by 2026 from USD 2.4 billion in 2021, at a CAGR of 16.3% during the forecast period. The growth of this market is mainly driven by the growing number of 3D printer vendors across major markets, increasing adoption of patient-specific medical devices.
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Key Market Players
Stratasys Ltd. (US & Israel), 3D Systems Corporation (US), GE Additive (US), Materialise NV (Belgium), Renishaw plc (UK), SLM Solutions Group AG (Germany), Desktop Metal, Inc. (US), Prodways Group (France), Carbon, Inc. (US), CELLINK (Sweden), Organovo Holdings, Inc. (US), EOS (Electro Optical Systems) GmbH (Germany), Biomedical Modeling, Inc. (US), Formlabs, Inc. (US), 3T Additive Manufacturing Ltd. (UK), DENTSPLY Sirona, Inc. (US), DWS Systems SRL (Italy), Roland DG (Japan), HP, Inc. (US), and regenHU (Switzerland)
Growth Strategies Adopted:
The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2017–2020 to expand their global presence and increase their market shares in the 3D Printing Medical Devices market. The key growth strategies adopted by the top players in the market include product launches and approvals, agreements, expansions, and acquisitions. Acquisitions were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market.
Stratasys Ltd. (US) has a wide range of product offerings in the 3D Printing Medical Devices market, including equipments, materials, software and services. The company sustains its key position in the global 3D printing medical devices market owing to its multiple strategic acquisition Stratasys Ltd. has a strong product portfolio, supporting around medical OEMs, hospitals and specialty clinics worldwide.
3D Systems Corporation (US): 3D Systems Corporation is one of the leading players in the global 3D Printing Medical Devices market. Its broad portfolio including desktop 3D printers, print materials, cloud-sourced custom parts, and 3D digital design and fabrication solutions.
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The external power supply segment is expected to register the highest growth rate during the forecast period
Based on technology, the 3D Printing Medical Devices market has been segmented into electron beam melting (EBM), laser beam melting (LBM), photopolymerization, droplet deposition or extrusion-based technologies, three-dimensional printing (3DP) or adhesion bonding, and other technologies. Significant market growth and a large share of laser beam melting (LBM) segment can primarily be attributed to the availability of printer in desktop and production grade configurations to cater to hospitals, medical devices OEMS, and physician clinics
North America is expected to dominate the global 3D Printing Medical Devices market
North America, comprising the US and Canada, accounted for the largest share of the market. Increasing number of vendors manufacturing 3D Printing Medical Devices and a growing number of approvals for 3D Printing Medical Devices are the major factors driving market growth in North America.
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