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Additive Manufacturing in Medical Application Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Published By :

Transparency Market Research

Category :

Healthcare IT

Additive manufacturing is defined as a process of making three dimensional structure of an object considering digital model. Additive manufacturing is a new technology and differs from traditional manufacturing techniques that mainly rely on removal of products by cutting and milling processes. Additive manufacturing involves the making of 3D structure through sequential layering in different shapes. Its history dates back to 1970 while during the 1980s and 1990s, this technology experienced the rapid growth. Medical field constitutes one of the fastest growing application areas of the additive manufacturing among others. Automotive and aerospace are two other major application areas of additive manufacturing that collectively account for the major chunk of the overall additive manufacturing market revenue. The medical application of additive manufacturing includes production of a wide range of surgical equipment, surgical implants, prosthetics, dental bridges, braces, copings, replacement tissues, intricate body parts and scaffolds. With continuous development leading to advent of materials with improved biocompatibility, use of additive manufacturing process in medical field is expected to expand during upcoming years.

The market for additive manufacturing in medical application is expanding worldwide owing to rise in number of surgical procedures, technical advances leading to products with innovative and improved features and rise in awareness level regarding the additive manufacturing. The market for additive manufacturing in medical application is evolving also due to governmental funding and its wide application area. Significant advantages associated with additive manufacturing also propel the market growth throughout the globe. Some major advantages of additive manufacturing technology are as follows:

  • Speed: Additive manufacturing offers speed as it does not require molds or dies to make a component and thus saves time
  • Cost: Saves the cost incurred in making molds and dies and design changes can be made without additional cost
  • Flexibility: Offers greater flexibility while making a design as it can be easily made by using computer-aided design (CAD) and thus offers convenience as well

Some major players operating in the market for additive manufacturing in medical application are Arcam AB, 3D Systems Inc., Concept Laser GmbH, EOS GmbH Electro Optical Systems, 3T RPD, Biomedical Modeling, Inc., Fcubic AB, Envisiontec GmbH, GPI Prototype and Manufacturing Services, Inc., Limacorporate SPA,Greatbatch, Inc., Layerwise NV, Materialise NV, Medical Modeling, Inc. etc. Most of these companies are focused on developing technologies related with the additive manufacturing in order to improve out-put volume, quality and reduction in cost per unit as all these will help them gain benefit over their competitors.

Globally, the market for additive manufacturing has been divided into four major geographies, namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). In 2012, Europe accounted for the largest share of the overall additive manufacturing market revenue and was followed by North America. During coming few years, the market is expected to record higher growth in the North American region and in some major developing countries of Asia-Pacific and Rest of the World (such as India, China, Brazil, Mexico and South Africa). The additive manufacturing in medical application market is expected to witness growing adoption of additive manufacturing in medical application in the North American region that will help region expand its market share. In major developing countries of Asia-Pacific and Rest of the World, the market growth will mainly be driven by increasing penetration by companies operating in this market space.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market      

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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