Report : Europe Medical Devices Additives Manufacturing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology (Laser Sintering, Electron Beam Melting, Stereolithography, Extrusion); Product (Surgical Guides, Surgical Instruments, Implants and Prosthetics, Tissue Engineering, Other Products), Application (Orthopedic, Bioengineering, Craniomaxillofacial) and Country
Laser SinteringSegment Held Largest Share of EuropeMedical Device Additives Manufacturing Market in 2019
According to our new market research study on “EuropeMedical Device Additives Manufacturing Marketto 2027 – Regional Analysis and Forecast – by Technology, Products, and Applications,”the market is expected to reach US$ 1,168.29million by 2027 from US$ 362.70 million in 2019; it is estimated to grow at a CAGR of 15.9% from 2020 to 2027. The report provides trends prevailing in the Europe medical device additives manufacturing market,and drivers and restraints pertaining to the market growth.
The Europemedical device additives manufacturing market based on technology is segmented into laser sintering, electron beam melting, stereolithography, and extrusion. In 2019, the Laser Sintering segment accounted for the largest share of the EuropeMedical Device Additives Manufacturing market. The growth of the marketfor this segment is attributed to the advantageous over Stereolithography and other methods and Laser sintering can develop medical devices and its parts with high-precision and geometries that are almost impossible to achieve by other methods. Further, the segment is also likely register the highest CAGR in the market during the forecast period.
The growth of the Europemedical device additives manufacturing marketis mainly attributed to high investments and expenditure on healthcare and advancing technologies in manufacturing medical devices, strong presence of key market players and the increasing demand for implants of orthopedic, dental and cochlear applications;However,high costs associated with medical device additives manufacturingprocedures is the major factor hindering the market growth in Europe.
A few of the leading companies operating in the Europe medical device additives manufacturing market are3D Systems, Inc., GE Additives, Materialise NV, Renishaw plc., STRATASYS LTD, VAUPELL, INC., EOS Gmbh, and others.
The report segments Europemedical device additives manufacturing marketas follows: