3DP Technology | 3D Printers | 3D Bioprinters Applications of 3D Printing Medical Devices Market Growing at a CAGR of 17.5% from 2017 to 2022
Technological advancements, increasing public-private funding, easy development of customized medical products, and growing applications in the healthcare industry. Moreover, direct digital manufacturing, the expiry of key patents in the coming years, and the growing demand for organ transplant provide significant growth opportunities in the industry. What the Market Looks Like? Predicted to grow at a CAGR of 17.5% during the forecast period, the global 3D Printing Medical Devices Market is estimated to reach USD 1.88 Billion by the end of 2022. In 2017, North America held the largest market share, followed by Europe.However, stringent regulatory process and the dearth of trained professionals may hinder the growth of this market during the forecast period. On the basis of component, the overall market is segmented into three broad categories, namely, equipment, materials, and software & services. The software & services market is estimated to command th...