Global Medical 3D Printing Market Focuses On Top Manufacturers - EOS 3D, Arcam, SLM Solutions

1
Global Medical 3D Printing Market Focuses On Top
Manufacturers - EOS 3D, Arcam, SLM Solutions,
Concept Laser
2
Medical device 3D printing market is positioned
to revolutionize the healthcare industry. It is
rapidly being utilized in the medical and
dentistry industries for prototyping, producing
anatomical models for surgery planning, creating
surgical guides, and manufacturing implants,
instruments, and prosthetics. Growing demand for
medical device 3D printing over traditional
machining techniques is being driven by benefits
including less material waste, cost effectiveness
for smaller batches/more complex shapes, and
improved clinical outcomes. Other important
factors influencing the growth of the medical 3D
printing market include the growing ageing
population, steady growth in orthopaedic and
dental procedures, and an improving reimbursement
situation. In terms of opportunities,
underpenetrated applications such as regenerative
medicine and point of care 3D printing are likely
to be the high growth areas of the medical device
3D printing market in the coming years. Global
Medical 3D Printing market pegged at 1.5-2
billion (2020) growing at lucrative rate of
15-20. Patient-specific 3D printed implants and
increasing POC adoption in 3D printing will be
the main growth drivers for the medical 3D
printing market. Medi-Tech Insights research on
medical device 3D printing market analyses it
with respect to product, application, technology,
end user, and region Based on our research and
interviews with industry leaders, it is clear
that patient-specific implants and surgical
planning are the two important applications
currently available, with the US indicating the
largest geographic market and China emerging very
quickly as a significant medical 3D printing
market.
3

• Improving reimbursement scenario would drive the
  adoption of medical 3D printing
• Governments (especially in developed countries)
  are taking steps to incentivise the use of
  medical 3D printing.
• For instance,
• In 2019, in the U.S., Category III CPT billing
  codes were introduced for 3D printing. These
  codes were introduced for surgical planning
  solutions such as anatomic models and for
  3D-printed anatomic guides. In the first phase,
  the codes would not essentially guarantee the
  reimbursement. However, it will serve to collect
  necessary data to decide on future policies for
  reimbursement.
• Orthopaedic and CMF surgeons are increasingly
  adopting surgical planning and associated tools
  made using 3D printing, as they understand the
  positive impact of patient specific
  solutions/products on clinical outcomes - CEO,
  Leading Medical 3D Printing Company
• Medi-Tech Insights research comprehensively
  analyses key areas such as investment trends and
  pricing intelligence in medical 3D device
  printing market
• Despite the benefits, 3D printing's high initial
  cost and lack of reimbursement have been slightly
  restraining the growth of the medical device 3D
  printing market. Commercial printers usually
  range from 10,000 to 500,000. Additionally,
  costs for segmentation software, lab space,
  resource costs, and so on are associated with
  fixed annual fees. Drawn by the huge promise to
  disrupt healthcare, many VCs/Investors have
  backed companies in medical device 3D printing
  market.

4

• For instance,
• Lightforce Orthodontics, which enables
  orthodontists to use 3D printing to make custom
  braces for patients, raised 14 million in Series
  B funding in September 2020.
• Similarly, Aspect Biosystems, a developer of
  microfluidic 3D bioprinting for human
  tissue-based therapeutics, raised 20 million in
  a Series A round in January 2020.
• Medical device 3D printing market offers high
  growth opportunities for leading as well as new
  players
• In terms of competitive landscape, 3D Systems,
  Stratasys, Materialise Medical, EOS 3D, Arcam,
  SLM Solutions, and Concept Laser are some of the
  leading players in the medical device 3D printing
  market. On the other hand, Orchestrate 3D,
  Tiertime 3D, TR BioFab, Anatomics, LIMA,
  Biomodel, and PVA Med are some emerging players
  in medical device 3D printing market. The report
  provides comprehensive analysis of key players
  with respect to business and financial overview,
  key growth strategies, and developments.
• For More Detailed Insights, Contact Us
  _at_ https//meditechinsights.com/contact-us/
• About Medi-Tech Insights
• Medi-Tech Insights is a healthcare-focused
  business research insights firm. Our clients
  include Fortune 500 companies, blue-chip
  investors hyper-growth start-ups. We have
  completed 100 projects in Digital Health,
  Healthcare IT, Medical Technology, Medical
  Devices Pharma Services.
• Contact
• Ruta Halde
• Associate, Medi-Tech Insights
• 32 498 86 80 79
• info_at_meditechinsights.com