Medical Devices Biocompatible 3D Printing MaterialsMarket is projected to grow up to 27% CAGR during the f...


Biocompatible 3D Printing MaterialsMarket is projected to grow up to 27% CAGR during the forecasting period 2021-2027.

3D Printing that is biocompatible Materials that have a low viscosity and are useful in the production of tough components are known as tough materials. Most people are familiar with them because of their use in medical procedures. 3D Printing that is biocompatible Materials may be made of polymer, metal, or other types of materials. They are available as powder, liquid, and a variety of different configurations. There are a variety of applications for these materials including implants, prosthesis prototypes for surgery, surgical guides for tissue engineering, hearing aids, and other devices.

3D printing of biomaterials provides benefits across the whole manufacturing value chain. It speeds up the manufacturing of medical devices by decreasing the amount of time that is typically needed to transform a Computer Aided Design (CAD) into a real component. In addition, as compared to the very high material consumption of conventional techniques, 3D printing of biomaterials is both energy efficient and ecologically benign. Additionally, 3D printing may be used to create bespoke and precisely designed components on demand.

The Biocompatible 3D Printing Materials Market is thriving as a consequence of factors such as increasing demand for biocompatible 3D printing materials, an increase in the use of 3D printing in new medical applications, a reduction in production time, and the availability of specifically tailored products. The market for biocompatible 3D printing material is experiencing substantial headwinds as a result of the high prices of raw materials.

Although the industry 's growing, the use of 3D printing technology in bioprinting organs and the expansion of government funding in 3D printing are two of the most promising prospects for the future. The development of FDA-compliant 3d Printing biomaterials as well as the manufacturing of low-cost 3D printing materials are two significant challenges that the industry is now experiencing.

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Key Driving Factors: Customization of biocompatible 3D printing materials on a large scale

Growing pharmaceutical industries, increasing demand for biocompatible 3D printing materials, particularly in the implants and prosthesis application, mass customization of biocompatible 3D printing materials, reduced production time, and the availability of specifically tailored products are the primary drivers of market growth in the global biocompatible 3D printing materials market over the forecast period. Furthermore, the rise in research & development in new medical applications throughout the world is anticipated to boost the market size. This is also anticipated to provide investment possibilities for manufacturers on the worldwide market in the future years. The increasing use of 3D printing technology in bioprinting organs, as well as an increase in government expenditure on 3D printing, will provide tremendous potential possibilities for the biocompatible 3D printing materials market in the future years.

Key driving factors: 

Bionics and biocompatible implants are being used in the healthcare industry to transform cell physiology.

Biomaterial inks are becoming more popular in the biocompatible 3D printing materials industry, where they are being utilised to create stiff scaffolds for the long-term or slow-degrading stability of a cell structure. While bioinks assist to create softer scaffolds that can be quickly replaced by the deposition of extracellular matrix (ECM) by the entrenched cell population, bioinks do not help to produce stronger scaffolds. Additionally, producers are creating bioinks with the assistance of hydrogels, which serve as a more appropriate medium for 3D cell growth. Additionally, bioinks produced with the assistance of hydrogels have high biocompatibility and may be readily matched to the physical, mechanical, and biological characteristics of 3D cell formations.The Biocompatible 3D Printing Materials Market is thriving as a result of factors such as increasing demand for biocompatible 3D printing materials, an increase in the use of 3D printing in new medical applications, a reduction in production time, and the availability of specifically tailored products. 

This report offers the major market player’s profiles, such as Inc. (US), Evonik Industries AG (Germany), Stratasys Ltd. (US), Concept Laser, GmBH (Germany), EOS GmBH Electro Optical Systems (Germany), Renishaw PLC. (UK), Formlabs Inc. (US), EnvisionTEC, Inc. (Germany), 3D Composites (US), and Aspect Biosystems Ltd. (Canada).

Based on the application: 

Implants and prosthetics are predicted to be the most lucrative application sector in the biocompatible 3D printing materials market over the next five years, both in terms of value and volume. This increase is related to increased demand from patients with serious illnesses and increased accident frequency. Medical devices are the most common usage of biocompatible 3D printed materials. These biocompatible 3D printed models allow for clinical training, teaching, and device testing without using human cadavers or animal models. Polymers are frequently used for this purpose. Prototyping decreases the need for live models and the associated costs and time.

The Biocompatible 3D Printing Materials Market report has been categorized as below: 

By Type:

  • Polymer

  • Metal

  • Others

By Form:

  • Powder

  • Liquid

  • Others

By Application:

  • Implants & Prosthesis

  • Prototyping & Surgical Guides

  • Tissue Engineering

  • Hearing Aids

  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World
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Published Date : August-2021