Asia Pacific Medical Devices Additives Manufacturing Market Overview and Growth by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Asia Pacific 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, Cardiomaxillofacial) and Country
- Report Date : Oct 2020
- Report Code : TIPRE00015132
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 160
The Asia Pacific medical device additives manufacturing market is expected to reach US$ 854.79 million by 2027 from US$ 249.15 million in 2019; it is anticipated to grow at a CAGR of 16.8% during 2019–2027.
The key factors driving the market growth are 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 to medical device additives manufacturing process is the major factor hindering the market growth in Asia Pacific.Additive manufacturing is a technique used for manufacturing rapid prototypes as well as functional end-use parts. The use of additive manufacturing in the medical industry has witnessed an accelerating adoption in the recent years owing to various technological advancements such as custom-made medical devices. With additive manufacturing being implied in the healthcare industry, the scope for customization and innovation of medical devices has increased considerably over the last few years.
The rising incidence of musculoskeletal and dental diseases and increasing demand for additive manufacturing in healthcare are prime factors contributing to the growth of the market for medical device additives manufacturing. Musculoskeletal conditions affect the human locomotors system, comprising the muscles, bones, joints, tendons, and ligaments. These conditions range from the sudden and acute ones, such as fractures, sprains, and strains, to chronic ones associated with disability and ongoing pain. According to the World Health Organization (WHO), the prevalence and impact of musculoskeletal conditions is likely to rise with the aging world population as well as with the increase in prevalence of risk factors for non-communicable diseases (NCDs). According to Asia-Pacific Journal of Public Health the prevalence of musculoskeletal disorders among office workers was 82.3% in 2016.Musculoskeletal disorders are leading cause of disabilities in countries such as China, India and Japan.
3D Systems, Inc., GE Additives, Materialise NV, Renishaw plc. are among the major companies in Medical Device Additives Manufacturing market.
In January 2020, after a series of cases of pneumonia in Wuhan, the Chinese health authorities, the capital city of Hubei province (China), announced that a novel coronavirus, officially known as severe acute respiratory syndrome coronavirus (SARS-CoV)-2. COVID-19 has created an extraordinary emergency that is particularly affecting the supply chain. The supply chain disruptions, along with the enormous needs for medical devices and protective health care material, have generated the need for new initiatives and the use of emerging technologies such as three-dimensional printing (3DP) to come forward and support health care professionals and supply chain. With the help of 3DP, PPE, and other medical supplies such as face shields and valves for respiratory machines can be used. To overcome this pandemic, many organizations are helping healthcare facilities across the world. For instance, in May 2020, Tokyo based SOLIZE group announced providing medical supplies free of charge to medical institutions through the Tokyo Metropolitan Medical Association, giving the face shield frame made of biocompatible material using the HP’s 3D printing solutions.
India Medical Device Additives Manufacturing Market, Revenue and Forecast to 2027 (US$ Mn)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
ASIA PACIFIC MEDICAL DEVICE ADDITIVES MANUFACTURING MARKET SEGMENTATION
By Technology
- Laser Sintering,
- Electron Beam Melting,
- Stereolithography,
- Extrusion
By Products
- Surgical Guides,
- Surgical Instruments,
- Implants and Prosthetics,
- Tissue Engineering,
- Other Products
By Application
- Orthopedic,
- Bioengineering,
- Cardiomaxillofacial
By Country
- China
- Japan
- India
- Australia
- South Korea
Company Profiles
- 3D Systems, Inc.
- GE Additives
- Materialise NV
- Renishaw plc.
- STRATASYS LTD
- VAUPELL, INC.
- EOS Gmbh
Asia Pacific Medical Devices Additives Manufacturing Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 249.15 Million |
| Market Size by 2027 | US$ 854.79 Million |
| Global CAGR (2019 - 2027) | 16.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - Asia Pacific Medical Devices Additives Manufacturing Market
- 3D Systems, Inc.
- GE Additives
- Materialise NV
- Renishaw plc.
- STRATASYS LTD
- VAUPELL, INC.
- EOS Gmbh
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