North America Medical Device Additives Manufacturing Market is expected to reach US$ 1,962.70 Mn by 2027

Laser Sintering Segment Held Largest Share of North America Medical Device Additives Manufacturing Market in 2019

According to our new market research study on “North America Medical Device Additives Manufacturing Market to 2027 – Regional Analysis and Forecast – by Technology, Products, and Applications,” the market is expected to reach US$ 1,962.70 million by 2027 from US$ 587.62 million in 2019; it is estimated to grow at a CAGR of 16.4% from 2020 to 2027. The report provides trends prevailing in the North America medical device additives manufacturing market, and drivers and restraints pertaining to the market growth.

Based on technology, the North America medical device additives manufacturing market is segmented into laser sintering, electron beam melting, stereolithography, and extrusion. In 2019, the laser sintering segment accounted for the largest share of the market. Laser sintering can develop medical devices and their parts with high-precision and geometries that are almost impossible to achieve by other methods. This is expected to boost the growth of the segment. Furthermore, the segment is likely to register the highest CAGR during the forecast period.

The growth of the North America medical device additives manufacturing market is mainly attributed to high investments and expenditure on healthcare and advanced technologies in manufacturing medical devices; strong presence of key market players; and increase in demand for orthopedic, dental, and cochlear implants. However, high costs associated with medical device additives manufacturing procedures is the major factor hindering the market growth in North America.

A few leading companies operating in the North America medical device additives manufacturing market are 3D Systems, Inc.; GE Additives; Materialise NV; Renishaw plc.; STRATASYS LTD; VAUPELL, INC.; PRECISION ADM INC; EOS Gmbh; and ALLEVI, INC., among others.

North America Medical Device Additives Manufacturing Market, by Country, 2019 (%)

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North America Medical Device Additives Manufacturing Market to Grow at a CAGR of 16.4% to reach US$ 1,962.70 Million from 2020 to 2027

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North America Medical Device Additives Manufacturing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology (Laser Sintering, Electron Beam Melting, Stereolithography, and Extrusion), Products (Surgical Guides, Surgical Instruments, Implants and Prosthetics, Tissue Engineering, and Other Products), and Application (Dental, Orthopedic, Bioengineering, and Craniomaxillofacial), and Country

The report segments North America medical device additives manufacturing market as follows:

By Technology

• Laser Sintering
• Electron Beam Melting
• Stereolithography
• Extrusion

By Product

• Surgical Guides
• Surgical Instruments
• Implants and Prosthetics
• Tissue Engineering
• Other Products

By Applications

• Orthopedic
• Bioengineering
• Craniomaxillofacial

By Country

• North America
  • US
  • Canada
  • Mexico