Transparency Market Research, in its latest research report states, the global 3D printing in medical applications market will grow significantly in the coming years. The 3D printing in medical applications market was valued at US$354.5 million in 2012. However, it is expected to reach US$965.5 million by 2019, growing at a CAGR of 15.4% from 2013 to 2019. The report "3D Printing in Medical Applications Market (Medical Implants (Dental, Orthopedic, Cranio-maxillofacial), Surgical Guides, Surgical Instruments, Bio-engineered Products).
Global 3D printing in medical applications market has seen a rise in the recent years as the industry is in a perpetual need for technically sound products. 3D printing has provided the healthcare segment great solutions such as surgical instruments, bioengineered products, medical implants, and surgical guides. These solutions have thoroughly helped the medical industry in solving complex medical problems. Owing to such valuable contribution, 3D printing in medical applications market is forecasted to grow at a CAGR of 15.4% from 2013 to 2019. The other factors contributing growth of 3D printing in medical applications market is a huge and quick demand for cost-effective solutions to many medical problems. Despite such strong market drivers, the 3D printing in medical applications faces challenges such as volatile prices of raw material and untrained professionals to use these devices.
The evolution of 3D printing in medical applications has helped in manufacturing surgical guides such as orthopedic, dental, and cranio-maxillofacial. This technological advancement has also made the use of surgical instruments far more efficient by enabling self-sterilizing surgical equipment. The 3D printing in medical applications uses raw materials such as biological cells, ceramic, polymer, and metal. When combined with 3D printing techniques such as an electron beam melting (EBM), droplet deposition manufacturing (DDM), laser beam melting (LBM), and photopolymerization it results in various bio-models as desired and demanded.
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