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Proliferating applications of 3D bio printing are expected to boost the demand of 3D printed medical devices market
Luton, Bedfordshire, United Kingdom, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the 3D Printing Printed Medical Devices Market.
The global 3D Printing Medical Devices Market is projected to reach USD 7.92 Billion by 2029 from USD 2.07 Billion in 2020, at a CAGR of 16.1% from 2022 to 2029.
The demand for 3D printed medical devices is booming due to the numerous benefits they offer. They are widely used by surgeons to reduce the duration of anesthesia and to plan surgeries. Dental restorations, orthopedic implants, external prosthetics, etc. are some examples of 3D printed medical devices. This is expected to boost sales of 3D printing materials for coming Years.
Three dimensional (3D) printing is a rapidly developing technology that has the potential to make significant improvements to surgical practices requiring surgical equipment. This is a type of manufacturing process in which materials such as plastic or metal are layered together to create a three-dimensional product from a digital model. Orthopedics was one of the first medical specialties to use 3D printing. It is used by orthopedic surgeons in their clinical practice for patient-specific orthopedic purposes.
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Industry Insights:
SLM Solutions:
Overview: SLM Solutions partnered with Canwell Medical in the year 2020. This partnership will allow Canwell Medical to use SLM machines to make 3D printed surgical implant products. Application and technical assistance along with research and developmental support will be provided to Canwell Medical taking a step towards serial production and product certification.
Stratasys Ltd:
Overview: Stratasys Ltd. in March 2021, introduced a J5 DentaJet 3D Poly Jet printer to be used by dental laboratories.
Regional outlook- North America is expected to hold the largest share of the global 3D printed medical devices market. North America (3D Printed Medical Devices Market) held the highest share, accounting for 41% of the total market. The existence of the United States, which is the world’s largest producer and consumer of medical devices, particularly surgical tools, contributes to the region’s growth.
Product Portfolio: The Company has a product portfolio of 3D Printing Printed Medical Devices Market that includes:
3D Printing Printed Medical Devices Market: Proliferating applications of 3D bio printing are expected to boost the demand of 3D printed medical devices market. The presence of large industry players carrying out strategic initiatives will drive market share. Bioprinters, also known as 3D bioprinters, are automated tools that allow for the additive manufacture of 3D functional tissues and organs using digital models created through various scans and biomaterials. Depending on the type of biomaterials used, these bioprinters work on different mechanisms and are often used for different purposes.