3D printing is the process of creating a physical object from three dimensional digital objects by depositing successive layers of a material. Previously, subtractive method was used in manufacturing, in which the object is created by drilling or cutting the base material. However, in 3D printing, the object is created by layer-by-layer addition of the material. Therefore, this technology is called a subset of additive manufacturing. The objective of this report is to study the demand for this technology in medical applications and to know its potential growth. The report also focuses on the raw materials utilized in this technology.
The major factors driving this market are technological advancements and rise in trend of patient-specific products. Additionally, the financial support from government as well as private bodies is also aiding the growth of this market. However, material development and need of highly trained labor is limiting the growth of this market. The increasing adoption of this technology in various medical applications and the market in emerging nations would provide growth opportunities to this market.
3D Printing in Medical Applications Market Analysis by Applications
On the basis of applications, this market can be classified into medical implants, bioengineering products, surgical guides and surgical instruments. The dental and orthopedic medical implants hold the largest share in this segment. However, with immense focus on advancements in bioengineering, this segment is expected to have an increase in the share of bioengineered products.
3D Printing in Medical Applications Market Analysis by Raw Materials
On the basis of raw materials used, this market can be classified into polymers, ceramics, metals and biological cells. Presently, polymers are the most preferred raw materials due to their availability and compatible characteristics. However, the medical applications are focusing on development of biological cells to obtain perfect results.
3D Printing in Medical Applications Market Analysis by Technology
On the basis of technology used, this market can be classified into electron beam melting, laser beam melting, photo polymerization and droplet deposition manufacturing. Photo polymerization is the commonly used technology due to the efficiency in results. However, other technologies are also gaining market due to the varied benefits they provide.
3D Printing in Medical Applications Market Analysis by Geography
Based on geography, this market can be classified into North America, Europe, Asia-Pacific and LAMEA. Presently, North America is leading the market due to expertise and substantial investment in research and development of this technology. The emerging nations of Asia-Pacific region are expected to grow due to technological advancements. Latin America and Middle-East are also focusing on research and development and are adopting novel technologies.
Competitive Analysis
The key companies profiled include 3D Systems Corporation, Eos GmbH Electro Optical Systems, Nanoscribe GmbH, EnvisionTEC GmbH and Stratasys Ltd. These companies are focusing on utilization of biological cells as raw materials for 3D printing technology in medical applications.
High Level Analysis
The report deals with the 3D printing in medical applications market and provides an in-depth knowledge of overall market scenario. In this report, the market drivers and restrains are strategically analyzed to help the stakeholders in taking critical decisions. The industrial scenario is describes using porter’s five forces model, which analyzes various components such as bargaining power of the buyers and suppliers, threat of substitutes, industrial rivalry and threats faced by new entrants. The bargaining power of buyers is high in this market due to the availability of numerous suppliers. Although application of this technology in healthcare requires intensive capital, the increasing num
The major factors driving this market are technological advancements and rise in trend of patient-specific products. Additionally, the financial support from government as well as private bodies is also aiding the growth of this market. However, material development and need of highly trained labor is limiting the growth of this market. The increasing adoption of this technology in various medical applications and the market in emerging nations would provide growth opportunities to this market.
3D Printing in Medical Applications Market Analysis by Applications
On the basis of applications, this market can be classified into medical implants, bioengineering products, surgical guides and surgical instruments. The dental and orthopedic medical implants hold the largest share in this segment. However, with immense focus on advancements in bioengineering, this segment is expected to have an increase in the share of bioengineered products.
3D Printing in Medical Applications Market Analysis by Raw Materials
On the basis of raw materials used, this market can be classified into polymers, ceramics, metals and biological cells. Presently, polymers are the most preferred raw materials due to their availability and compatible characteristics. However, the medical applications are focusing on development of biological cells to obtain perfect results.
3D Printing in Medical Applications Market Analysis by Technology
On the basis of technology used, this market can be classified into electron beam melting, laser beam melting, photo polymerization and droplet deposition manufacturing. Photo polymerization is the commonly used technology due to the efficiency in results. However, other technologies are also gaining market due to the varied benefits they provide.
3D Printing in Medical Applications Market Analysis by Geography
Based on geography, this market can be classified into North America, Europe, Asia-Pacific and LAMEA. Presently, North America is leading the market due to expertise and substantial investment in research and development of this technology. The emerging nations of Asia-Pacific region are expected to grow due to technological advancements. Latin America and Middle-East are also focusing on research and development and are adopting novel technologies.
Competitive Analysis
The key companies profiled include 3D Systems Corporation, Eos GmbH Electro Optical Systems, Nanoscribe GmbH, EnvisionTEC GmbH and Stratasys Ltd. These companies are focusing on utilization of biological cells as raw materials for 3D printing technology in medical applications.
High Level Analysis
The report deals with the 3D printing in medical applications market and provides an in-depth knowledge of overall market scenario. In this report, the market drivers and restrains are strategically analyzed to help the stakeholders in taking critical decisions. The industrial scenario is describes using porter’s five forces model, which analyzes various components such as bargaining power of the buyers and suppliers, threat of substitutes, industrial rivalry and threats faced by new entrants. The bargaining power of buyers is high in this market due to the availability of numerous suppliers. Although application of this technology in healthcare requires intensive capital, the increasing num
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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