GLOBAL 3D PRINTED MEDICAL DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Global 3D Printed Medical Devices Market: Restraints

Less number of materials are suitable for 3D printing of medical devices, which is expected to hinder growth of the market. Materials used for 3D printing include, resins, plastics, and a few metals.

Moreover, the small size of 3D printers limits the size of the end product, which may not be feasible for production of parts of large industrial machines. This in turn is expected to hamper growth of the market.

Global 3D Printed Medical Devices Market: Opportunities

Increasing R&D in biocompatible materials and devices is expected to offer lucrative growth opportunities for players in the global 3D printed medical devices market. For instance, in February 2019, researchers from Simon Fraser University reported development of eco?friendly 3D?printed disposable sensor devices with smart 3D form factor using biocompatible cellulose composites.

Increasing adoption of bio-printed animal and human cells in drug testing is also expected to aid in growth of the market. For instance, India-based Next Big Innovation Lab uses 3D bioprinting for developing animal and human cells for testing cosmetics and drugs.

Global 3D Printed Medical Devices Market: Drivers

High prevalence of periodontitis, diabetes-related gangrene, osteoarthritis, bone-dental diseases, and peripheral vascular disease is expected to boost growth of the global 3D printed medical devices market. For instance, in April 2018, researchers at Sri Ramachandra University, India, reported 42.3% prevalence of periodontal disease in southern India.

Moreover, increasing number of accidents is also expected to aid in growth of the market. For instance, according to 2018 Fatal Motor Vehicle Crashes: Overview by National Highway Traffic Safety Administration, a U.S. federal agency, 10,511 deaths were registered in the U.S. in 2018.