Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- The medical application of 3D printing is significantly increasing and the technology, according to industry experts, will revolutionize the global healthcare industry. Both potential and current medical applications of 3D printing can be segmented into several categories. Transparency Market Research (TMR) has published a report that presents a holistic overview of the global 3D printing in medical applications market. The report also evaluates the growth trajectory that the different market segments are poised to exhibit during the forecast period between 2013 and 2019. The report is titled "3D Printing in Medical Applications Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" and is available on TMR's website for sale.
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The global market for 3D printing in medical applications will develop at a healthy 15.4% CAGR, forecasts the report. In 2012, the global market for 3D printing in medical applications stood at US$354.5 million. Expanding rapidly during the forecast period, the market is anticipated to reach an estimated valuation of US$965.5 million by the end of 2019. The report segments the global 3D printing in medical applications market into implants, surgical guides, bioengineering, and surgical instruments in terms of applications. Under surgical guides, 3D printing is used in applications such as dental surgeries, cranio-maxillofacial surgeries, and orthopedic procedures.
On the basis of technology, the report segments the market into stereolithography, droplet deposition manufacturing, and electron beam melting (EBM). The electron beam melting segment is further classified into photopolymerization and laser beam melting (LBM). Similarly, stereolithography is further sub-segmented into digital light processing and two photon polymerization. Droplet deposition manufacturing comprises fused deposition modeling, multiphase jet solidification, and inkjet printing.To present a detailed analytical summary of the market, the report categorizes the 3D printing in medical applications market into polymers, metals, biological cells, and ceramics in terms of raw materials used. Among the aforementioned market segments, the photopolymerization and laser beam melting (LBM) segments collectively account for the largest share of the 3D printing in medical applications market. As per the findings of the report, the markets for both these segments are likely to exhibit steady growth during the forecast period."LBM and photopolymerization offer both efficiency and accuracy when producing diverse bio-models, hence their demand is inevitably high in the market," said the lead analyst from TMR.
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Regionally, Europe, Asia Pacific, North America, and Rest of the World (RoW) constitute the key markets in the global 3D printing in medical applications market. Whilst North America enjoyed a dominant position in the market in 2012, economic conditions in Europe are more conducive to fuel market growth. Therefore, it is probable that between 2013 and 2019, Europe will surpass North America as the leading market for 3D printing in medical applications.
The global 3D printing in medical applications market has been segmented as below:
3D printing in Medical Applications Market, by Applications
- Surgical Guides
- Surgical Instruments
3D printing in Medical Applications Market, by Technologies
- Electron Beam Melting (EBM)
- Laser Beam Melting (LBM)
- Two Photon Polymerization
- Digital Light Processing
- Droplet Deposition Manufacturing
- Inkjet Printing
- Fused Deposition Modeling
- Multiphase Jet Solidification
3D Printing in Medical Applications Market, by Raw Materials
- Biological Cells
3D Printing in Medical Applications Market, by Geography
- North America
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Source:Transparency Market Research