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In a new report, SmarTech Markets Publishing forecasts shipments of 3D printers in the medical industry will reach 2,135 units in 2020 growing to 3,055 units in 2024. The report, "3D Printing in Medical Markets: An Opportunity Analysis and Ten-Year Forecast," shows where opportunities will be found.
For more details of the report click here.
About the report:
"3D Printing in Medical Markets" includes ten-year forecasts with breakouts by printer technology, materials type, and software expenditures. It also contains market analysis for a wide variety of medical applications including implants, surgical tools and guides, medical models, medical devices, and equipment prototyping. The report further discusses where 3D printing must adapt to meet the needs of medicine. Comprehensive profiles of medical related strategies of 15 leading 3D printer firms are included.
Companies discussed in this report include: 3D Systems, Arcam, Autodesk, Bespoke Innovations, e-Nable, EnvisionTEC, EOS, Innovation MediTech, Lima Corporate, LUXeXcel, Medical Modeling, Optomec, Organovo, Ossis, Oxford Performance Materials, Protos Eyewear, Rapid Shape, Renishaw, Stratasys, Visualization Sciences, voxeljet, Within Technologiesand Worrell.
A SmarTech report on applications for 3DP in the dental sector will be published in April.
From the report:
In 2014 just over 1,100 printers were sold for medical applications; more than 60 percent falling into the photopolymerization or material jetting categories. Both these types of medical 3D printers can handle modeling, surgical guides and tools, medical prototypes and hearing aid shells. They are not suitable for implants and prosthetics, where requirements are highly specific. By 2020, shipments of medical 3D printers are expected to have almost doubled.
Revenues of materials for medical 3DP were almost $50 million in 2014 and are expected to reach $345 million by 2020. After 2020 revenues from 3D-printed medical materials will be larger that revenues from the printers themselves. SmarTech's bullish forecast for materials is due to rapidly increasing print volumes for medical applications. Primary drivers for these increased volumes are medical models and orthopedic implants. Currently, most of the sales of 3DP materials for medical applications are photopolymers and metal powders.
For medical 3DP hardware, total revenues are split closely between North America and Europe. Even for applications serving patients in other regions, the majority of medical 3D print service providers are based in these regions. Nonetheless, China continues to invest heavily in 3D printing technology, and SmarTech expects that Chinese medical 3DP products and services will be influential in other parts of the Asia Pacific. In total, revenues from medical 3DP are expected to approach $95 million by 2020 in this region.
SmarTech Markets Publishing is the leading provider of market research and industry analysis in the 3D printing/additive manufacturing sector. SmarTech has published reports on the important revenue opportunities in the 3DP sector and has a client roster including the largest 3D printer firms, materials firms and investors in the world.
For more information, visit www.smartechpublishing.com