3D Printing Medical Device Software Market Overview
The 3D printing medical device software market was valued at USD 657.08 million in 2019 and is expected to register a CAGR of 17.62% during the forecast period of 2020 to 2027.
Printing, analysis, visualization, planning, and design are only some of the operations performed by software used in 3D printing medical equipment. The 3D printing medical device software market is growing due to ongoing technological advancements in software solutions. The 3D printing business has long been focused on the development of hardware and materials. The current trend has seen a significant increase in the development of software solutions for 3D printing medical equipment. The 3D printing business has profited enormously from software compatibility. It has made it easier to build a model for printing by minimizing the amount of processes, tools, and efforts required.
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To meet the growing need for 3D-printed medical equipment in the healthcare business, technological breakthroughs have paved the way for the development of novel 3D-printed items. Due to the time-consuming nature of traditional production procedures, leading players in the 3D printing medical device software market are concentrating on the development of unique products. The incorporation of innovative methods and materials in the 3D printing sector will greatly increase the possibilities for the development of new goods. Furthermore, as consumers want more cost-effective products, demand for DDM is expected to expand significantly throughout the projection period.
Type, function, application, and end user are the segments that make up the worldwide 3D printing medical device software market.
The market for 3D printing medical device software is divided into two types: integrated and standalone.
Printing, Analysis, Planning, Design, Visualization, Navigation, and Others are the different functions of the global 3D printing medical device software market.
Medical Imaging, Dental, Surgery, Research, Physical Therapy, Aesthetic Medicine, and Others are the application segments of the global 3D printing medical device software market.
Medical Device Companies, Dental Laboratories, Hospitals and Clinics, Research Institutes, and Others are the end users in the global 3D printing medical device software market.
The Americas, Europe, Asia-Pacific, and the Middle East and Africa are the four regions that make up the global 3D printing medical devices software market.
In 2019, the Americas led the 3D printing medical devices software market, and this trend is expected to continue throughout the assessment period. In 2019, the Americas had the greatest share of the 3D printing medical devices software market, accounting for 42.16 percent. This is due to the introduction of innovative technology and their rapid acceptance, as well as the presence of significant companies in the region. In addition, both government and non-government groups are providing funding to research organizations and encouraging regional researchers to improve in technology.
Due to technological breakthroughs and a well-developed medical industry in the region, Europe ranked second in the 3D printing medical devices software market in 2019. The major 3D printing medical device software markets are Germany, the United Kingdom, Italy, and France. The surge in private finance and the growing number of firms in 3D printing medical devices software are assisting startups in developing novel products in the industry.
Over the projection period of 2020 to 2027, the Asia-Pacific 3D printing medical device software market is expected to develop at the fastest rate. Because of the scarcity of talent, market participants are focusing on collaboration and creating new offices in the region. In addition, a number of firms in India and China are developing 3D printing medical device software.
In the Middle East and Africa, the market for 3D printing medical devices software has been gradually developing in recent years. The rise in funding from commercial businesses and government agencies is one of the primary elements driving this market’s growth.
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The prominent players in the global 3D printing medical device software market areStratasys Ltd (Israel), Nemotec (Italy), PS-Medtech (Netherlands), DWS Systems (Italy), 3D Systems Corporation (US), Carima (South Korea), Real Dimension Inc (US), Regenhu (Switzerland), 3D Totem (Israel), AckurettaTechnologies (China), and Materialise NV (Belgium).
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