The biocompatible 3D printing materials market is expected to grow by USD 618.31 million during 2019-2023, according to the latest market research report by Technavio. Request latest free sample report of 2020-2024
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Technavio has announced its latest market research report titled Global Biocompatible 3D Printing Materials Market 2019-2023 (Graphic: Business Wire)
Additive manufacturing has gained immense popularity over the last few years as it helps in producing complex engineering structures in the healthcare industry. Biocompatible 3D materials enable excellent flexibility and low production costs to produce parts of medical devices. In addition, they can help in producing plants with reduced assembly time and less material wastage. Thus, the growing preference for additive manufacturing is likely to fuel the growth of biocompatible 3D printing materials.
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As per Technavio, the growing demand for silicone in additive manufacturing will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2019-2023.
Biocompatible 3D Printing Materials Market: Growing Demand for Silicone In Additive Manufacturing
The demand for silicone in additive manufacturing is increasing significantly owing to its biocompatibility, chemical resistance, durability, and production design flexibility. These factors make silicone a suitable material to produce medical products, such as surgical instruments, and dental caps. Thus, the growing demand for silicone in additive manufacturing is expected to be one of the key biocompatible 3D printing materials market trends that will fuel market growth.
"The increase in R&D activities and the rise in strategic alliances are some other major aspects that are expected to boost market growth during the forecast period," says a senior analyst at Technavio.
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Biocompatible 3D Printing Materials Market: Segmentation Analysis
This market research report segments the biocompatible 3d printing materials market by type (polymer, metal, and others) and geographic landscape (APAC, Europe, MEA, North America, and South America).
The North-American region accounted for more than 46% of the overall revenue in 2018, owing to the significant investments in the medical industry, and the presence of medical device manufacturing bases in the US.
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Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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