The Medical Device Industry is continuing to evolve, especially in the area of 3D printed technology. The global medical device market is set for growth and 3D printed medical models are now being used to help surgeons better plan and execute surgeries. In case you missed it, here is a quick recap of what happened in 3D printing and the medical device industry in July.
A startup company designed and manufactured a customized helmet using 3D printing technology for an infant who was diagnosed with craniosynostosis; a condition where one or more bones in the skull fuse together. The company has continued to grow, designing and fabricating 3D printed models and guides for surgeons which allows them to plan their surgeries on a life-size model. 3D printing in healthcare is continuing to expand around the world and is now considered a clear part of the future of healthcare.
A new report on the global medical device 3D printing market predicted strong growth by 2020. The report highlights the importance of 3D printing and its potential to change the way medical devices are used to treat patients. 3D printed technology can impact the healthcare industry through both implantable and non-implantable devices and customizable medical devices. The report reveals there is a rising demand for patient-specific products in orthopedics and maxillofacial surgeries; which are two major driving forces for medical 3D printing.
The cost of 3D printed models and the availability of materials has increased the compliance of 3D printing in the healthcare industry. Currently, North America is the leading consumer of 3D printed technology and accounted for almost 40% of the market share in 2015.
In a report published by IndustryARC on 3D printing in the healthcare market, it was determined that North America will continue to grasp its dominance. It is mentioned that 3D printing is used in various areas of the Healthcare Industry and it is estimated that the cost of 3D printers will decline because of the growing demand. The most commonly used materials for 3D printing in healthcare include plastics, metals, ceramics, biomaterials, and bone cement. By 2020, materials are expected to have a high market share because of its rapid growth and a reduction in the costs of most metals is an important factor that is influencing this growth.
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