Market Overview

Global Biocompatible 3D Printing Materials Market 2018 - Forecast to 2023: Growing Adoption of 3D Printing in New Medical Applications

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Dublin, Sept. 13, 2018 (GLOBE NEWSWIRE) -- The "Biocompatible 3D Printing Materials Market by Type (Polymer, Metal), Application (Implants & Prosthesis, Prototyping & Surgical Guides, Tissue Engineering, Hearing Aid), Form (Powder, Liquid), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The biocompatible 3D printing materials market size is estimated to be USD 308.1 million in 2018 and is projected to reach USD 832.7 million by 2023, at a CAGR of 22.0% between 2018 and 2023.

The increasing demand for biocompatible 3D printing materials in medical applications is one of the most significant factors driving the biocompatible 3D printing materials market. 3D printing is a process used for creating objects directly, by adding materials layer by layer in a variety of ways, depending on the technology used.

3D printing technologies are developed to encourage and drive innovations with unique design freedom; these technologies are tool-less processes that reduce the excessive costs and lead times. By using biocompatible 3D printing materials, various components of a structure can be designed. The high cost of materials is restraining the mass adoption of the 3D printing technology in various applications.

Polymer materials can be used in orthopedic & dental implants, hearing aids, drug delivery, prosthesis, tissue engineering scaffolds, and other medical applications. These materials are easily moldable, biocompatible, biodegradable, and cheaper as compared to metal and bioink. Thus, the biocompatible 3D printing polymer market is projected to register a high CAGR during the forecast period.

Tissue engineering is a broad term which can be further segmented into applications such as 3D cell culture, bone regeneration, drug release, soft tissue fabrication, 3D tissue constructs, and others. The increasing cases of tissue or organ failure due to age, diseases, accidents, and congenital disabilities are a serious medical problem, globally. 3D printing with biocompatible materials can solve these problems by elevating the need for donors and tissue match.

Tissue engineering is estimated to be the fastest-growing application during the forecast period because of the growing research and investments made on bio fabrication of body parts and organ printing.

On the basis of form, the biocompatible 3D printing materials market is classified into powder, liquid, and others. Powder is the leading form in the global biocompatible 3D printing materials market. Powder form is compatible with several 3D printers and hence is used in medical applications such as implants & prosthesis, bio fabrication, and surgical instruments.

The biocompatible 3D printing materials market in APAC is projected to register the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for biocompatible 3D printing materials in China, Japan, South Korea, and others countries. The growth of the biocompatible 3D printing materials market in APAC is mainly due to the rising geriatric population, increasing focus of major players on emerging Asian countries, rising awareness about healthcare, and willingness of people to spend more on advanced medical treatments.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Biocompatible 3D Printing Materials Market
4.2 Biocompatible 3D Printing Materials Market, By Type
4.3 Biocompatible 3D Printing Materials, By Application and Region
4.4 Biocompatible 3D Printing Materials Market, By Form
4.5 Biocompatible 3D Printing Materials Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Mass Customization of Biocompatible 3D Printing Materials
5.2.1.2 Adoption of 3D Printing in New Medical Applications
5.2.1.3 Reduced Production Time and Specifically Tailored Products
5.2.2 Restraints
5.2.2.1 High Material Costs
5.2.3 Opportunities
5.2.3.1 Adoption of 3D Printing Technology in Bioprinting Organs
5.2.4 Increasing Government Investments in 3D Printing
5.2.5 Challenges
5.2.5.1 Developing Fda Compliant 3D Printing Biomaterials
5.2.5.2 Producing Low-Cost 3D Printing Materials

6 Industry Trends
6.1 Porter's Five Forces Analysis
6.1.1 Threat 0f New Entrants
6.1.2 Threat of Substitutes
6.1.3 Bargaining Power of Buyers
6.1.4 Bargaining Power of Suppliers
6.1.5 Intensity of Competitive Rivalry

7 Biocompatible 3D Printing Materials Market, By Type
7.1 Introduction
7.2 Polymer
7.3 Metal
7.4 Others

8 Biocompatible 3D Printing Materials Market, By Form
8.1 Introduction
8.2 Powder
8.3 Liquid
8.4 Others

9 Biocompatible 3D Printing Materials Market, By Application
9.1 Introduction
9.2 Implants & Prosthesis
9.3 Prototyping & Surgical Guides
9.4 Tissue Engineering
9.5 Hearing Aid
9.6 Others

10 Biocompatible 3D Printing Materials Market, By Region

11 Competitive Landscape
11.1 Introduction
11.2 Market Ranking of Key Players, 2017
11.3 Competitive Scenario
11.3.1 New Product Developments
11.3.2 Expansions
11.3.3 Acquisitions
11.3.4 Partnerships
11.3.5 Agreements

12 Company Profiles
12.1 3D Systems, Inc.
12.2 Evonik Industries AG
12.3 Stratasys Ltd.
12.4 Concept Laser GmbH
12.5 Eos GmbH Electro Optical Systems
12.6 Renishaw Plc
12.7 Formlabs, Inc.
12.8 Envisiontec, Inc.
12.9 3D Composites
12.10 Aspect Biosystems Ltd.
12.11 Other Companies
12.11.1 Regenhu
12.11.2 3Dresyns
12.11.3 Apium Additive Technologies GmbH
12.11.4 Detax Ettlingen
12.11.5 Fibretuff Medical Biopolymers, Llc
12.11.6 PMG 3D Tech. (Shanghai) Co., Ltd.
12.11.7 Advanced Solutions, Inc.
12.11.8 Hoganas AB
12.11.9 Medprin Regenerative Medical Technologies Co., Ltd.
12.11.10 Bioink Solutions, Inc.
12.11.11 Poly-Med, Inc.
12.11.12 Elix Polymers S.L.U
12.11.13 Cellink AB
12.11.14 Arcam AB
12.11.15 Sandvik AB

For more information about this report visit https://www.researchandmarkets.com/research/nlkkbk/global?w=12

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Related Topics: 3D Printing, Biomaterials 

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