Asia Pacific Medical Device 3D Printing Market is poised to cross USD 474.92 milPosted by rohan on December 27th, 2017 According to the report Asia Pacific Medical Device 3D Printing Market, published by Market Data Forecast, the Asia Pacific market is projected to reach USD 474.92 million by 2021, at a CAGR of 28.12% from 2016 to 2021. Additive manufacturing or 3D printing uses a layer-by-layer addition technique to manufacture physical objects from a three-dimensional digital file. The 3D printing technology is poised to capture the rising demands of personalized medical care by providing customized medical devices based on individual needs. Additionally, it enables surgeons to plan surgeries, thereby helping to reduce the operative risks involved during complex procedures, the risk of infection, and reduce the duration of anaesthesia exposure. This would enable patients to recuperate faster and reduce the hospital stay duration. Additionally, 3D printing technology would facilitate surgeons to enhance the success rate of complicated procedures. Furthermore, this technology has revolutionized preclinical drug testing by facilitating testing on 3D printed organs as an alternative to animal testing. The recent success in the 3D printing of tablets has opened new avenues for the 3D printing technology for use in the pharmaceutical industry. Get a comprehensive overview of the Asia Pacific Medical Device 3D Printing Market: http://www.marketdataforecast.com/market-reports/asia-pacific-medical-device-three-dimension-printing-market-335/ Medical Device 3D Printing Market: Drivers & Restraints This market is estimated to witness considerable growth during the aforementioned forecast period. Additionally, augmented R&D investments, rapidly expanding customer base, increasing the scope of biomedical applications, and extensive R&D activities at the academic and industrial level have propelled the growth of this market. Moreover, collaborations between academic institutions and companies to accelerate the process of product development has supplemented the market growth. But still, the absence of an organized regulatory framework, unfavourable reimbursement policies, high costs associated with printers, copyright & patent infringement concerns, biocompatibility issues of 3D printed medical devices, and limited technical expertise are the primary factor hindering the growth of the market. Get accurate market forecast and analysis on the Asia Pacific Medical Device 3D Printing Market. Request a sample to stay up-to-date on the main trends affecting this market: http://www.marketdataforecast.com/market-reports/asia-pacific-medical-device-three-dimension-printing-market-335/request-sample Asia Pacific Medical Device 3D Printing Market: Segmentation By Product Type
By Material
By Technology
Asia Pacific Medical Device 3D Printing Market: Overview Plastics viz., acrylonitrile butadiene styrene (ABS), and polylactic acid (PLA) coupled with nylon, have seen a growing usage primarily due to the comfortability and simplicity in application. Furthermore, use of metals with high strength and resistance is anticipated to have fastest growth in the forecast period. The photo polymerization technology category is expected to account for the largest share of the global market in 2017. This is due to the widespread application of this technology across the medical industry, for manufacturing surgical guides (orthopaedic, dental, and CMF guides), prosthetics and implants, porous scaffolds, and dental restorations. The surgical guides category is anticipated to command the largest share of the 3D printing medical device market in 2017. The growing usage of the digitally driven process for accurate surgical planning is the key factor contributing to its market growth. Asia Pacific Medical Device 3D Printing Market: Region-wise Outlook On the basis of geography, the Asia Pacific market is categorized into India, China, Japan, Korea and others. Japan being the most technologically advanced nation in this region is predicted to show high potential for growth in the near future. India and China present potentially great opportunities and will be the target market for major MNC’s in the aforementioned forecast period. Key Questions Answered
Medical Device 3D Printing Market: Key Players Some of the major companies operating in the 3D printing industry with significant presence in medical equipment domain are Stratasys Ltd. 3D Systems Corporation, EnvisionTEC GmbH, Renishaw plc, EOS GmbH Electro Optical Systems, Materialise NV, 3T RPD, Ltd., Concept Laser GmbH, Arcam AB, and Prodways. Reasons to buy Medical Device 3D Printing Market Report:
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