Ocean View, Delaware, Aug. 02, 2017 (GLOBE NEWSWIRE) --
The Industry Growth report “Healthcare 3D Printing Market By Product (Syringe based, Magnetic Levitation, Laser based, Inkjet based), By Technology (Stereolithography (SLA), Fused deposition modeling (FDM), Selective Laser Sintering (SLS), Other), By Application (Biosensors, Medical { Pharmaceutical, Prosthetics and Implants, Tissue and Organ Generation}, Dental), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Spain, Italy, France, Russia, China, Japan, India, South Korea, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia), Application Development, Price Trend, Competitive Landscape & Forecast, 2017 – 2024” by Global Market Insights, Inc. Says Healthcare 3D Printing Market share is projected to surpass USD 2.2 billion by 2024.
Increasing number of surgeries and rising demand for personalized medical care will drive global healthcare 3D printing market size. Growing adoption of 3D printing technologies among medical fraternity will reduce the risk as well as cost associated with the complicated surgical procedures.
Rising R&D investments and technological innovation in 3D printers will accelerate the industry growth. Spurring 3D printers demand among the equipment manufacturers will further drive business growth over the forecast years.
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Inkjet based 3D printers will witness significant growth over the forecast years. Increasing application in tissue engineering and regenerative medicines will boost the business share. Moreover, improved digital accuracy, control and adaptability of these devices will propel industry demand over coming years.
Stereolithography (SLA) should witness lucrative growth opportunities owing to its varied application in medical technology. The ability of SLA to build rapid prototypes, master patterns and production parts will stimulate the industry growth. Selective laser sintering will provide rapid manufacturing in healthcare, medical products and consumer good and offers additional scope for innovation and patent filings.
Browse key industry insights spread across 150 pages with 94 market data tables & 15 figures & charts from the report, “Healthcare 3D Printing Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/healthcare-3D-printing-market
Medical application is the major revenue generating segment and estimated to witness over 20% CAGR owing to the 3D printing of organs like liver and kidney, printing blood vessels & heart tissue, skin and cartilage & bone.
U.S. healthcare 3D printing market was valued over USD 170 million in 2016 and is forecast to grow significantly during the forecast period due to the presence of major 3D printing industry players and enormous success witnessed by medical implants businesses.
UK healthcare 3D printing market will grow at over 20% CAGR by 2024 owing to the increasing awareness through conference and discussion on effective solutions for the medical field. Growing R&D focus on advances in 3D printing devices should further stimulate business growth.
Asia Pacific will experience significant growth due to rapid growth in medical applications, increased R&D investments and technological advances for the production of precision devices and prosthetics.
Some of the companies operating in healthcare 3D printing market include Organovo Holding, Stratasys, 3D Systems, Reninshaw, Aspect Biosystems, Bio3D Technologies, Cyfuse Biomedical, 3Dynamics Systems, Envision TEC and Materialise. The industry players are engaged in strategic mergers and acquisitions, collaborations coupled with new product launch and innovation to gain competitive market share.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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