Asia Pacific 3D Printing Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services, Equipment {3D Printers, 3D Bioprinters}, Materials {Plastics Material, Metal and Metal Alloys, Bioprinting Biomat

Asia Pacific 3D Printing Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services, Equipment {3D Printers, 3D Bioprinters}, Materials {Plastics Material, Metal and Metal Alloys, Bioprinting Biomaterial, Wax Material, and Others}), Technology (Laser Beam Melting {Direct Metal Laser Sintering, Selective Laser Sintering, Selective Laser Melting, LaserCusing}, Photopolymerization {Stereolithography, Others}, Droplet Deposition/Extrusion Based Technologies {Fused Deposition Modelling, Multiphase Solidification, Low Temperature Deposition Manufacturing}, Electron Beam Melting ), Application (Custom Prosthetics and Implants {Craniomaxillofacial Implants, Custom Dental Prosthetics and Implants, Custom Orthopedic Implants}, Surgical Guides {Dental Orthopedic, Craniomaxillofacial, Spinal Guides}, Tissue Engineering Products {Bone and Cartilage Scaffolds, Ligament and Tendons Scaffolds}, Surgical Instruments {Surgical Fasteners, Scalpels, Retrac

The Asia Pacific 3D printing medical devices market is expected to reach US$ 1,415.5 million by 2028 from US$ 438.8 million in 2021. The market is estimated to grow at a CAGR of 18.2% from 2021-2028. The advancements of the medical 3D printing technology have made significant contributions to the healthcare sector. New tools and therapeutic methods developed through 3D printing provide more comfort and personalization to treatments. The applications of 3D printing technology also allow doctors to gain a better understanding of complex cases, which can lead to better care. Moreover, individualized treatments and high-impact medical applications are likely to happen with advancements in 3D printing technologies and materials. The use of 3D printing also brings cost-effectiveness, higher productivity, design and manufacturing democratization, and improved cooperation in therapeutic applications. The freedom to create custom-made medical devices and equipment, including personalized prosthetics and implants, is the main advantage of 3D printers in medical applications. Furthermore, 3D printing can be used to create custom jigs and fixtures for use in operating rooms. Custom-made implants, fixtures, and surgical instruments can help reduce surgery time, improve patient recovery time, and increase surgery or implantation success. These technologies are also expected to allow the personalization of medicine dosage forms, release profiles, and dispensing for each patient in the future.

Based on component, the 3D printing medical devices market is segmented into software and services, equipment, and material. In 2021, the material segment accounted for the largest share. Moreover, the software and services segment is expected to grow at the highest CAGR during the forecast period.

The interruptions in the supply chain and the massive demand for efficient treatments of COVID-19 patients have put the health research industry in Asia Pacific in a crucial position. The current medical system is built on private-sector medical equipment, which are mostly patented by medical companies. Suppliers are unable to provide the requisite quantity of equipment in the event of a sudden rise in demand, necessitating innovation and new manufacturing tactics. Furthermore, transportation and trade restrictions, quarantines, countries border closures, and production disruptions have a significant impact on the essential medical device supply chain. However, the generated open source designs of medical equipment are freely shared using 3D printing technology.

The overall Asia Pacific 3D printing medical devices market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Asia Pacific 3D printing medical devices market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Asia Pacific 3D printing medical devices market. Companies adopt a few strategies, such as mergers and acquisitions and market initiatives, which promotes market growth. EOS GmbH Electro Optical Systems; Renishaw PLC; Stratasys Ltd.; 3D Systems, Inc.; EnvisionTech, Inc.; Concept Laser Gmbh (General Electric); and SLM Solution Group AG are among the major players operating in the market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific 3D printing medical devices market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific 3D printing medical devices market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.