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Press Release

3D-Printing Medical Devices Market Gains Ground as It Forays Into Cardiovascular & Orthopedic Fields

3D-Printing Medical Devices Market: Software & Services to be Sought-After among Products

This press release was orginally distributed by SBWire

Rockville, MD -- (SBWIRE) -- 03/14/2019 -- The influence of 3D printing is aptly chronicled from aerospace to automotive. In order to create more efficient products, manufacturers in an array of industries are using additive manufacturing to bolster processes, lessen downtime and utilize new 3D printing materials. The medical field is reaping benefit from 3D printing to fuel innovation in every facets of the industry, spreading over everything from prototype parts and medical models to 3D printed assisted devices such as wheelchairs and prosthetics. As such, using 3D printing medical devices has resulted in significant reduction of cost, making them available on demand. Against the backdrop of growing popularity of 3D printing medical devices, FDA has issued draft guidance on additive manufacturing devices.

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Unlike conventional manufactured counterparts, 3D medical are being produced faster; the compactness and durability and low cost of 3D printers have made them a viable alternative for untouched areas of the world. 3D printers are proposed in places such as Haiti and Gaza Strip where shipments of medical devices are slow or near impossible.

The manufacturers have been able to create devices akin to a patient's anatomy or devices with complex internal structures. The availability of array of 3D medical devices, including casts, umbilical cord clamps and splints has made it possible for doctors to access the tools swiftly and offer a safer and better experience for patients.

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The creation of patient specific instruments (PSIs) in 3D printing has helped in the reduction of operating time and improved accuracy, making them popular in the cardiovascular and the orthopedic fields. Though the technology is new, there has been headway with respect to 3D printed patient specific instruments—surgeons in Spain have created 3D printed instruements such as paravalvular probes and aortic valve for procedures such as hypertrophic cardiomyopathy and aortic valve replacements.

3D-Printing Medical Devices Market: Overview

The report offers an exhaustive assessment on the 3D-printing medical devices market with quantitative and qualitative analysis. Further, the report offers a clear picture with respect to dynamics of 3D-printing medical devices market, including drivers, trends, opportunities, and restraints. Besides, the report delves into the segregation of the 3D-printing medical devices market to provide a robust picture of 3D-printing medical devices market.

The report incorporates exhaustive executive summary followed by market introduction section. The market background section focuses on value chain analysis and macro-economic factors. The report focuses on supply chain and cost structure which gives an insight of the market. Further, the report also delves into average pricing analysis along with key participants on the basis of intensity map. The report also encompasses mergers and acquisitions along with technological advancements that have significant influence in the development of the 3D-printing medical devices market. The report also incorporates market structure analysis which throws light on market share analysis of leading players coupled market presence analysis of market players.

Validation of the information in the report is done through primary sources, including in-person interactions, surveys, view of seasoned analyst, interviews and in-person interactions and insights of analyst coupled with secondary sources incorporating trade journals, verified paid sources, resourceful databases and trade journals. Absolute dollar opportunity analysis has also formed basis for the robust analysis of the report.

3D-Printing Medical Devices Market: Competitive Landscape

The report also includes competitive scenario of the 3D-printing medical devices market, including competition intensity mapping with respect to market taxonomy; competition dashboard and company profiles. The section, based on Porters' Five Force Analysis, also sheds light on financials overview, strategies, product portfolio and recent developments.

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