The global 3D printing in medical applications market is growing significantly due to increasing demand for speedy medical solutions in the industry. Massive unexplored market in 3D printing industry of developing economies are creating ample opportunities for the 3D printing in medical applications market to grow at a considerable rate in the coming years.The advanced research and development facilities by the companies are supporting the demand of the 3D printing in medical applications industry.
Increasing pressure on medical device manufacturers to develop cost-effective, innovative products have forced medical device manufacturers to use 3D printing for the development of innovative medical devices. 3D printing is a process to manufacture projects from 3D model data by using layer-by-layer build up process, to develop a three dimensional object. It helps to provide solutions for manufacturing with lesser possessions, and with faster production cycle. It also helps to decrease material wastage, and reduces lifecycle cost. It provides considerable saving on tooling from the traditional manufacturing technologies. It also provides the ability to reproduce vascular systems.
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The 3D printing in medical applications market can be categorized on the basis of raw material as biological cells, ceramics, metals, and polymers. In terms of technology, laser beam melting and photopolymerization lead the 3D printing in medical applications market, as it is more precise and competent for manufacturing of variety of bio-models.
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Geographically, North America will be leading the global 3D printing in medical applications market in the coming years, due to technological advancement to broaden the scope of medical applications. Moreover, Europe is the fastest growing region in the global 3D printing in medical applications market. The major reason for the fastest growth in the region is increasing government funding in 3D printing market.
Some of the companies operating in the 3D printing in medical applications market are Eos GmbH Electro Optical Systems, Materialise NV, EnvisionTEC GmbH, 3D Systems Corporation, Nanoscribe GmbH, Voxeljet Technology GmbH, and Stratasys Ltd.
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