Jan 17, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Biocompatible 3D Printing Materials Market.
It was estimated prior to this unanticipated outbreak that the Biocompatible 3D Printing Materials Market is likely to witness an impressive CAGR of 25.2% during the forecast period. The increased demand for biocompatible 3D printing materials in medical applications is the major factor that is underpinning the growth of the biocompatible 3D printing materials market globally, during the forecast period.
Biocompatible 3D Printing Materials are materials that are low in viscosity and are helpful in producing tough parts. These are mainly known for their applications for medical purposes.
Biocompatible 3D Printing Materials can be of polymer, metal, or others. They are available in powder, liquid, and also in other forms. Implants & prosthesis, prototyping & surgical guides, tissue engineering, hearing aid, and others are some of the application areas where these materials are used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the application type, the market is segmented as implants & prosthesis, prototyping & surgical guides, tissue engineering, hearing aid, and others. The implants & prosthesis segment is estimated to be the largest application segment of the biocompatible 3D printing materials market in the coming five years, in terms of both value and volume. This growth is owing to the increased demand from patients suffering from grave health disorders and rising number of accidents. Prototyping & surgical guides account for the second-largest application of biocompatible 3D printed materials. When made with biocompatible 3D printing materials, they enable clinical training, education, and device testing without the use of human cadavers and animal models. Usually, polymers are the favoured choice for this application. Henceforth, prototyping lessens the dependence on live models and decreases the cost and time for clinical procedures and testing.
In terms of regions, North America is the largest market for biocompatible 3D printing materials and is estimated to lead the market during the forecast period as well. The growth of the market in the region is owing to the presence of leading biocompatible 3D printing companies, consisting of 3D systems (US), who are incessantly striving to pace up their market share through innovation and expansion. Further, the government in North America has undertaken substantial research with respect to healthcare to bring down the cost of various medical applications.
Key players operating in the global Biocompatible 3D Printing Materials market are-
Aspect Biosystems Ltd.,
Apium Additive Technologies GmbH,
Advanced Solutions, Inc.,
Bioink Solutions, Inc.,
Concept Laser GmbH,
Evonik Industries AG,
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Biocompatible 3D Printing Materials analysis report discusses the following heads in great detail:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors