A new report by Markets and Markets estimates the 3D printing medical devices market will grow at a 25.3% compound annual growth rate (CAGR) from 2015 to 2020, reaching $2.13 billion.
According to the report, the global 3D printing medical devices market is made up of the following segments with respect to components:
- 3D printing equipment made up of 3D printers and 3D bioprinters.
- 3D printing materials made up of plastics, including thermoplastics and photopolymers, metal alloy powders, biomaterials, ceramics, nylon, paper, wax, and more.
- 3D printing services and software.
With respect to technology, the report divides 3D printing medical devices into five segments:
- Electron beam melting (EBM)
- Laser beam melting (LBM)
- Droplet deposition (DD) or extrusion-based technologies
- Three-dimensional printing (3DP) or adhesion bonding
The following video provides a glimpse of the burgeoning market for 3D printing in medical applications. This is a TED Talk featuring Carsten Engel, a biomedical engineer.