Biocompatible 3D Printing Materials Market Size Worth $618.31 Million by 2023

Key suggestions from the report:
  • Polymer segment represented more than 71% of the overall volume in 2018 owing to the design flexibility, easy availability, and durability of polymers.
  • Metal segment is likely to register a CAGR of more than 20% in terms of revenue from 2019 to 2023 on account of excellent sterilization and the ease of fabrication of metals to produce medical components.
  • The North-American biocompatible 3D printing materials market 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.
  • The biocompatible 3D printing materials market is moderately fragmented with a large number of players occupying the market share. In addition, the increase in strategic alliances is expected to impact the competitive landscape of this market.



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. 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.

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.

There are several challenges involved in additive manufacturing which are associated with quality, size, and scalability of product parts and limited multi-material printing capabilities. Conventional manufacturing systems still have a competitive advantage over additive manufacturing to produce large components for various end-user industries, including automobile, medical, and aerospace. Thus, the challenges associated with additive manufacturing may hamper the growth of the biocompatible 3D printing materials market.


Comments

Post a Comment

Popular posts from this blog

Get the Trends of Global Hair Wigs and Extension Market 2019-2023

Image
A wig is a head covering that resembles natural hair and accentuates a person’s appearance. Wigs may be produced from human or synthetic hair. Hair extensions are the length of artificial hair that can be attached to natural hair to create a long hairstyle.     See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report . Get a FREE sample now! Several vendors in the global hair wigs and extension market are shifting their production facilities to countries such as Bangladesh and Vietnam owing to rising labor costs and constraints in sourcing and procuring the raw materials in key manufacturing countries such as China and India. These emerging countries offer huge market growth potential due to the availability of cheap labor and greenfield resources.   Manufacturers such as Artnature and Evergreen Products Group have phased the shift of their production base to Cambodia and Bangladesh, respecti
Read more

Global Anesthesia Devices Market 2019-2023 | 6% CAGR Projection Over the Next Five Years

A key factor driving the growth of the global anesthesia devices market is the advances in anesthesia technology. The anesthesia devices market is witnessing several technological advancements that are focused on increasing patient safety, improving the precision and effectiveness of anesthesia delivery, and minimizing the wastage of anesthetic gas. There is a rising focus on the development of target-controlled and low-flow anesthesia delivery machines that can automate the fresh gas flow and vaporizer settings to gain a specific and end-tidal percentage. For instance, Drager Primus Infinity Empowered by Dragerwerk is integrated with a compact breathing system and advanced gas monitoring features, which help clinicians deliver minimal- and low-flow anesthesia for patients of all ages and acuity levels. Such advances in technology will increase the demand for anesthesia devices during the forecast period. This   global anesthesia devices market 2019-2023   research report also ana
Read more

Industrial High-Shear Mixers Market - Growth Analysis and Forecast

This research report titled ‘Global Industrial High-shear Mixers Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions. The market research analysis categorizes the global   industrial high-shear mixers   market into the following type of end-user segments. They are: Food and beverage industry Pharmaceutical industry Chemical and petrochemical industry Global industrial high-shear mixers market in food and beverage industry The global industrial high-shear mixers market in the food and beverage industry is experiencing substantial growth due to an increase in the consumption of packaged food around the world. In developing economies such as China and India, consumer preferences are changing rapidly with a growing interest in ready-to-eat processed dairy and bakery products. This is increasing the sc
Read more