3D Printing in Medical Applications Market - Trends and Forecast, 2013 - 2019

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3D Printing in Medical Applications Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 Advances in 3D printing have revolutionized several industries by making manufacturing of several products possible in a non-conventional, economic, and faster manner. From making bioprinting of blood vessels, tissues and organs possible to being able to produce economical and easily customizable prosthetics and implants, to developing anatomical models for research purposes, 3D printing in medical applications has come a long way since its inception over a decade ago. A market research report recently published by Transparency Market Research examining the global 3D printing for medical applications market projects that the demand for 3D printing will rapidly expand and will lead to a significant transformation of the healthcare industry in the near future. The report projects that the market will exhibit an exponential 15.40% CAGR over the period between 2013 and 2019. As such, the market will rise from a valuation of US$354.5 mn in 2012 to US$965.5 mn by 2019.

Rising Focus of Government and Private Organizations to Boost Market Growth Some of the major factors driving the global 3D printing in medical applications market are the rising array of application areas, technological advances, which are widening the scope of medical applications of 3D printing, the rising availability of funds from government and private bodies aimed at research and development of novel 3D printed products, and the rising usage of customized 3D printed medical products. One of the most lucrative opportunities for companies operating in the 3D printing market for medical applications is the acquisition of software companies prominent in the field of 3D designing. However, the market is projected to be constricted to a certain extent in the next few years owing to the lack of trained professionals and issues concerning with the characterization, development, and clinical approval of materials used for 3D printing in medical applications. Some of the most crucial applications of 3D printing in the medical field in the present times are surgical guides, implants, bioengineering, and surgical instruments. 3D-printed surgical guides and implants are gaining huge popularity in the craniomaxillofacial, dental, and orthopedic


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