5 key trends in 3D printing medical device market

Laura Dyrda -   Print  |

The global medical three-dimensional printing market is expected to grow significantly over the next five years, according to a new Meticulous Research report.

Here are five key trends:

 

1. The market is expected to reach $983.2 million by 2020, which would be a compound annual growth rate of 20.3 percent through 2020

 

2. The major applications for 3D printing in healthcare are dental, medical prosthetic, orthopedic and surgical instruments.

 

3. Orthopedic applications are segmented into orthopedic implants and surgical guides.

 

4. The 3D printing market is still relatively new and driven by these factors:

 

• Widening application
• Government initiatives to promote research activities in 3D printing
• Increase investments from key corporate players
• Continuous innovation

 

5. High costs, environmental issues, patent and copyright issues could limit growth in the future.

 

More articles on orthopedic devices:
21 spine devices receive FDA 510(k) clearance in February
5 quick updates on Stryker's $2B share repurchase program
10 key trends in the neurosurgery navigation market

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