Medical 3D Printing Resin Market Challengers, Demands, Growth And Opportunities In 2023 To 2029 – TOPAS Advanced Polymers, Formlabs, Dow
Medical 3D Printing Resin Market
The Global Medical 3D Printing Resin Market research report offers the overall structure and business outlook of the global and regional industry. The research report includes the market key achievements, new product launches, product responses, research and development, and regional growth of the major competitors operating in the market on a worldwide scale. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the current scenario.
Global Medical 3D Printing Resin Market was worth more than USD 2 billion in 2022 and is projected to record over 22.5% CAGR from 2023-2029.
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Challenges: High capital investment and operating costs:
Small and medium-sized end users may find it unfeasible to establish 3D printing facilities due to financial constraints. This is a key challenge in the market. The cost of a high-resolution 3D printer is around USD 40,000–100,000, while the cost of a 3D printer used for printing craniomaxillofacial implants is approximately USD 3,500–4,000; ROI for these devices can only be met after 1–2 years. This also makes it difficult for healthcare facilities dependent on federal funding (for whom securing funds in itself is a time-consuming process) to install and use such equipment. Due to this financial aspect, many smaller dental and orthopaedic clinics may choose to outsource production to service bureaus or laboratories.
Top Companies in the Global Medical 3D Printing Resin Market are:
TOPAS Advanced Polymers, Formlabs, Dow, Lyondell Basell, Exxon Mobil, SABIC, INEOS, RTP Company, 3M, Carbon, Toray Industries, Sumitomo Chemical Company, DuPont, Celanese Corporation, Arkema,
Global Medical 3D Printing Resin Market Split by Product Type and Applications :
The main product types covered are:
Low Density Polyethylene (LDPE)
High Density Polyethylene (HDPE)
Diagnostic Equipment
Disposable and Reusable Devices
Medical Electronics
Orthopedic and Prosthetic Devices
Others
The report covers the global market across five major geographies, namely, Europe, North America, Asia Pacific, Latin America, and MEA. North America is expected to command the largest share of the global market in 2023. Market growth is mainly attributed to the strong adoption of 3D printing in healthcare facilities, especially hospitals and diagnostic imaging centers, and the growing installation base for 3D printer among key end user facilities.
Significant features of the Medical 3D Printing Resin Market report:
– Detailed analysis of the Global Medical 3D Printing Resin market –
Fluctuating market dynamics of the sector
– Detailed market segmentation
– Historical, current and projected market sizes in terms of volume and value
– Recent trends and developments – Competitive Landscape of Medical 3D Printing Resin market
– Key Player Strategies and Product Offerings
– Potential and Niche Segments / Regions Showing Promising Growth
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Software and Services to dominate the global 3D Printing Medical Devices market in 2023:
Based on the component, the global market is segmented into equipment, materials, and software & services. Software & services are widely used for designing and process control of 3D Printing Medical Devices among end users especially for customized products. The market demand for software & surgical guides is fueled by the cost-effectiveness, utility, uniformity, and accuracy offered by services for medical device 3D printing, along with higher demand for customized 3D printed medical devices among hospitals and surgical centers.
Custom prosthetics and implants to dominate the global 3D Printing Medical Devices market in 2023:
Based on the application, the global market is segmented into surgical guides, surgical instruments, standard prosthetics and implants, custom prosthetics and implants, tissue-engineered products, hearing aids, wearable medical devices/implantable medical devices, and other medical devices. The custom prosthetics and implants segment are poised to account for a larger share in the market in 2023 owing to large scale adoption of 3D printing technique in manufacturing of prosthetics and implants, higher availability of good quality biomaterials & ceramics for 3D printing and continued industry investment to develop novel 3D printers.
Based on technology, the global market has been segmented into electron beam melting (EBM), laser beam melting (LBM), photopolymerization, droplet deposition or extrusion-based technologies, three-dimensional printing (3DP) or adhesion bonding, and other technologies. Laser beam melting (LBM) segment is poised to account for the largest share of the market in 2022; mainly owing to the increasing application of this technology in the dental industry and for manufacturing implants for minimally invasive surgery.
Based on End User, the global market has been segmented into the hospitals & surgical centers, dental & orthopedic clinics, academic institutions & research laboratories, pharma-biotech & medical device companies, and clinical research organizations. Hospitals & surgical centers are poised to account for the largest share of the market in 2022. The large share of this segment can be attributed to the expansion of existing 3D printing laboratories, growing affordability of 3D printing services, the rapid adoption of advanced technologies by hospitals in mature markets, and continued expansion of in-house 3D printing capabilities.
Highlighted Segments of Medical 3D Printing Resin Market:
Industry Overview: The first section of the research study covers an overview of the global Medical 3D Printing Resin Market, market status and prospects, and product range. In addition, it provides highlights of the major segments of the global Market, i.e., region, type, and application segments.
Competitive Analysis: This report illuminates important mergers and acquisitions, business expansion, product or service differences, market concentration, the competitive status of the global Medical 3D Printing Resin Market, and market size by player.
Company Profiles and Key Data: This section covers companies profiling the major players in the global Medical 3D Printing Resin Market based on the aforementioned revenue, products, business, and other factors.
Market size by type and application: In addition to providing an in-depth analysis of the industry size by type and application, this section provides research on top end users or consumers and potential applications.
Market Dynamics: This report covers the drivers, trends, and opportunities of the global Medical 3D Printing Resin Market. This section also includes Porter’s analysis of five forces.
Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global Medical 3D Printing Resin Market.
Opportunities: Direct digital manufacturing:
The digitization of dentistry and medical procedures has advanced immensely over the years, with the intention of improving the clinical workflow through the incorporation of technology. The industry is experiencing a shift from traditional to digital dentistry and surgeries. Direct digital manufacturing involves the application of computer-controlled processes for developing a physical object directly from a digital design. With advancements in 3D printing, direct digital manufacturing is becoming a widely used technology as compared to traditional manufacturing techniques. It offers a unique set of advantages as it eliminates the investment in tooling, reduces the lag time between designing and production, and increases production.
Key questions answered in the report:
– What is the growth potential of the Medical 3D Printing Resin market?
– Which product segment will have the largest share?
– Which regional markets will emerge as leaders in the next few years?
– Which application segments will grow at a healthy pace?
– What are the growth opportunities that may appear in the Medical 3D Printing Resin industry in the years to come?
– What are the key challenges facing the global Medical 3D Printing Resin market in the future?
– Who are the key players in the global Medical 3D Printing Resin market?
– What are the key trends positively impacting the market growth?
– What are the growth strategies considered by players to maintain in the Global Medical 3D Printing Resin Market?
At the end of the Medical 3D Printing Resin Market report, all the findings and estimations are given. It also includes major drivers and opportunities along with regional analysis. The segment analysis is also provided in terms of type and application.
Customization of the report: The report can be customized according to the client’s requirements. Get in touch with our sales experts ( sales@marketinsightsreports.com ) and we’ll make sure you get a report that fits your needs.
“Russia-Ukraine War Impact 2022: Economic Sanctions Imposed by the United States And its Allies on the Russian Federation Negatively Affected the market The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this industry’s growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and Roscosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in India, Japan, Europe, and the U.S. These factors negatively affected the market during the war.”
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