As 3D printing technology becomes more and more popular, applications are becoming more and more widespread, printing houses, printing televisions, etc., and nowadays in the medical market, 3D printing is playing an increasingly important role.
In its latest research report, Transparency Market Research analyzed the global vertical application market for 3D printed medical products, predicting a compound annual growth rate of 15.4% from 2013 to 2019. The total sales of the global 3D printing medical market will also increase from $354.5 million in 2012 to $965.5 million.
The title of the report is "3D Printing in the Medical Applications Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecasts, 2013-2019 (3D Printing in Medical Applications Market - Global Industry Analysis, Size, Share, Growth , Trends and Forecast, 2013 - 2019).
According to the report, the global 3D printing technology medical application market is driven by several factors: the increasing variety of 3D printing medical applications, the growth of customized 3D printed medical products , funding from private and government agencies, and the expansion of medical care. Technological advances in applications, as well as the cost and time reductions associated with 3D printing applications and the corresponding improvement in patient care. The report also shows that the acquisition of 3D design software companies will also play an important role in the future development of the market. However, the lack of trained professionals and material-related issues may hinder the expansion of 3D printing in the medical application market.
If the application of 3D printing technology in the medical field is further subdivided, it can be divided into surgical instruments, surgical guides, bioengineering and implants according to basic applications. Surgical guidelines and implants can be further divided into dentistry, orthopedics, and skull-maxillofacial regions. According to raw materials, it can be divided into polymers, biological cells, metals and ceramics.
According to 3D printing technology, the 3D printing medical application market can be divided into photo-curing (SLA), electron beam melting (EBM) and droplet deposition manufacturing. Among them, EBM technology dominates the market, and this part also includes photopolymerization and laser beam melting (LBM). Both technologies are capable of producing a variety of biological models accurately and efficiently, and the latter is in great demand in the 3D printing market. In addition, photocuring can be further decomposed into digital light processing and two-photon polymerization. Droplet deposition manufacturing includes multiphase jet curing, fused deposition modeling, and inkjet printing.
From the regional perspective, the market can be divided into North America, Asia Pacific, Europe and other parts of the world. In 2012, North America dominated the global market, but Europe is expected to grow fastest. It is estimated that by 2019, North America will become the largest regional market in the world. The main reasons are support policies, favorable economic conditions, M&A that has emerged to achieve technological advancement, as well as government investment.
According to the research report, from a competitive perspective, this market is more oligopolistic, and 3D Systems, Voxeljet, EnvisionTEC, Eos, Electro Optical Systems, Stratasys, Nanoscribe, and Materialise will be among the leading companies.
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