DUBLIN--(BUSINESS WIRE)--Nov 1, 2018--The "Biocompatible 3D Printing Materials Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The biocompatible 3D printing materials market is expected to grow at a CAGR of 26.15% over the forecast period of 2017-2023.
The growth of this market is majorly attributed to the growth of healthcare industry worldwide. Huge investments being funneled by major healthcare providers into new technologies, which can aid them in delivering enhanced patient care, is increasing the adoption of biocompatible 3D printing materials for use in various applications such as implants, prostheses, tissue engineering, and hearing aids among others.
Rapid growth of medical tourism in many regions across the globe is another major factor driving the market growth. Number of medical tourists globally has gone up to more than 10.5 million and this number is increasing at an impressive rate as the governments continue to extend their support to this sector.
For instance, besides offering fiscal incentives for the development of medical tourism in India, the government of India is implementing various strategies to strengthen the Indian medical tourism industry. The government funds road shows, focusing on medical tourism, at various locations around the globe from time to time.
Growth of medical tourism is pushing the healthcare providers at key destinations to adopt state-of-the-art technologies in order to offer highest levels of patient satisfaction. This is increasing the adoption of various products manufactured using biocompatible 3D printing materials, thus boosting the growth of the market.
By type, the biocompatible 3D printing materials market has been segmented as plastic and metal. Plastic holds a significantly large share in this market on account of widespread adoption of this material by various healthcare solution manufacturers.
Based on application, the biocompatible 3D printing materials market has been segmented into medical, automotive and aerospace. Medical applications hold the largest share in this market.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Biocompatible 3D Printing Materials Market by Type
6. Biocompatible 3D Printing Materials Market by 3D Printing Process
7. Biocompatible 3D Printing Materials Market by Application
8. Biocompatible 3D Printing Materials Market by Geography
9. Competitive Intelligence
10. Company Profiles
Prodways GroupEnvisionTECStratasys Ltd.NextDent B.V.3D Systems Inc.Rapid Processing Solutions Inc.FormlabsSCHIVO Group.
For more information about this report visit https://www.researchandmarkets.com/research/cllq5l/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181101005768/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:3D Printing,Biomaterials
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/01/2018 11:16 AM/DISC: 11/01/2018 11:16 AM