3D PRINTING FOR MEDICAL SECTOR MARKET ANALYSIS

3d Printing For Medical Sector MarketSize and Trends

Frequent Approvals and launch of novel 3D Printing Systems is expected to fuel the global 3D Printing for Medical Sector market growth

Frequent approval and launch of novel 3D printing systems in the market for medical sector is expected to significantly drive global 3D printing for medical sector market growth over the forecast period.

For instance, in August 2018, 3D Systems launched NextDent 5100 high-speed dental 3D printer. NextDent 5100 enables dental labs and clinics to produce trays, models, surgical guides, dentures, orthodontic splints, crowns, and bridges with enhanced speed, precision, and efficiency all at a lower cost than competitive systems.

In March 2018, Materialise NV, received U.S. Food and Drug Administration for software intended for 3D printing anatomical models for diagnostic use. The U.S. FDA clearance supports the creation of point-of-care 3D printing facilities in hospitals.

The global 3D printing for medical sector market size was valued at US$ 542.8 Mn in 2018 and is expected to exhibit a CAGR of 11.7% over the forecast period (2020 – 2027).

Figure 1. Global 3D Printing for Medical Sector Market Value (US$ Mn) Analysis and Forecast, and Y-o-Y Growth (%)

Source: Coherent Market Insights Analysis (2019)

Figure 2. Global 3D Printing for Medical Sector Market Value (US$ Mn) – Scenario Forecast, 2019 & 2027

Source: Coherent Market Insights Analysis (2019)