3D Printing Medical Devices Market Analysis To 2027 - Digital Journal

2022-05-28 23:32:41 By : Mr. Steven Ni

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As per our report, the global 3D printing medical devices market size is predicted to be growing at a CAGR of 30.46% from 2022 to 2027 and was worth USD 1930 million in 2022 and grow to USD 7296 Mn by 2027.

Browse details of the report @ https://www.marketdataforecast.com/market-reports/medical-device-three-dimension-printing-market

Manufacturing facility Closures due to lockdowns and disrupted supply chains had a slight impact on the 3D Printing Medical Devices market’s regional growth in 2020. This is due to the severe interruptions their various manufacturing companies suffered during the pandemic era. Furthermore, in this pandemic era, people’s desire to cut non-essential spending limited the breadth of growth. Moreover, restrictions imposed on movement added to the difficulties. The market, on the other hand, has a bright future. With an expanding number of stakeholders interested in creating and designing 3D printed devices as a result of the COVID-19 epidemic, the demand for these devices has risen. As a result, regulators worldwide are striving to make sharing information regarding the usage of 3D printing and other advanced manufacturing technologies in the context of PPE (personal protective equipment) and other medical device parts easier. These initiatives are projected to propel the market for 3D printed medical devices forward in various portions of the globe. Established providers such as Stratasys Ltd contributed to meeting rising demand and alleviating significant shortages of nasopharyngeal swabs and face shields. Field-ready, individually packaged, sterile 3D-printed nasopharyngeal swabs and face shields were produced by the company.

Increasing support for 3D printing initiatives from the public and private sectors is propelling the global 3D printing medical devices market.

A massive surge in public-private funding to assist various efforts in the 3D printing market has occurred in recent years. Such research and financing initiatives are projected to accelerate the development of 3D printing products and technologies, propelling the 3D printing medical devices market forward.

Manufacturing with direct digital technology is another key factor helping the market to register a better growth rate.

In recent years, the digitization of dentistry and medical operations has progressed significantly, intending to improve clinical workflow through technology. Digital dentistry and procedures are displacing traditional dentistry and surgeries. The process of making a physical object from a digital design utilizing computer-controlled techniques is known as direct digital manufacturing. It offers a unique set of advantages in that it eliminates the need for tooling, reduces the time between design and production, and increases output.

The shortage of a skilled workforce is a significant restraint on the global 3D printing medical devices market.

The absence of a competent workforce is one of the most significant impediments to adopting additive manufacturing or 3D printing. There is a relatively limited pool of familiar people with 3D printing procedures, exacerbated by the quick rate of technological and material change in the 3D printing medical devices market.

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