The global 3D printing medical devices market is to grow more than 23% in the next five years, according to a report published by leading global technology research and advisory company, Technavio.
By 2023, medical 3D printing is expected to be one of the major trends in the global 3D printing market, largely down to the increasing adoption of 3D printing technology by medical professionals.
Improved production speeds and volume capabilities of 3D printers are expected to support the increased demand for personalized 3D printed medical devices and 3D anatomical models.
Medical professionals across the globe are increasingly adopting 3D printing technology for various research and clinical purposes; From creating patient-specific anatomical models for preoperative planning to teaching and training to 3D custom implants. 3D printing has been found to greatly aid and improve success rates in surgery, deliver better patient communication and outcomes, and give greater insight for medical students and junior doctors.
Growth in demand for medical 3D printing is also likely to be influenced by increased demand for customized medical devices.
Daniel Crawford, CEO and Founder at axial3D said, “We’re not surprised to see that the market is set to grow significantly over the next five years. Medical imaging using 2D or 3D onscreen technology can provide limitations for radiologists and surgeons who are visualizing complex pathologies and abnormalities.
Increasingly, we find that radiology teams and surgeons are using 3D printing to create 3D 1:1 models of anatomical areas, replicated exactly from patients' scans, which can be held in-hand and used for preoperative cutting, planning and collaborative team working.”
“We continue to receive feedback that 3D printed models support patient communication and consultation to show and explain to patients about their medical conditions and what their surgical procedures will involve.”
The report also expects around 40% of the growth in the global 3D printing medical devices market is likely to come from the Americas over the next 5 years, which already held the largest share of the market at close to 46%.
If you are thinking of integrating medical 3D printing within your organization in 2019, get in touch with axial3D via the form below: