According to our new market research study on “Medical Device Additive Manufacturing Market to 2027 – COVID-19 Impact and Global Analysis– by Technology, Product, and Application,” the market is expected to reach US$ 4,440.5 million by 2027 from US$ 1,350.4 million in 2019; it is estimated to grow at a CAGR of 16.2% from 2020 to 2027. Factors such increasing demand for additive manufacturing in healthcare, and rising incidence of musculoskeletal and dental diseases are expected to boost the growth of the global medical device additive manufacturing market. However, the market is limited by exorbitant costs of automated medical device additive manufacturing during the forecast period.
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The COVID-19 outbreak was first reported in December 2019 in Wuhan (China), and with its spread to ~100 countries across the world, the World Health Organization (WHO) termed it a pandemic with public health emergency. In North America, the US has been profoundly affected by the outbreak. For instance, California-based Airwolf3D Company has proposed its fleet of 3D printers for the manufacturing of respirator valves and custom medical components. The company is also contributing remote technical support for medical staff that would be willing to know more about 3D printing. The use of 3D printing and additive manufacturing for the development of medical supplies and instruments in emergency is likely to be a prime opportunity for the market players.
3D Systems, Inc., GE Additives,Materialise NV, 3T Additive Manufacturing Limited, Renishawplc, Stratasys Ltd, Vaupell, Inc.,Precision ADM Inc, EOS GmbH, and Allevi, Inc. are among the leading companies operating in the medical device additive manufacturing market.
What questions does the Medical Device Additive Manufacturing Market report answer about the regional reach of the industry:
The report claims to split the regional scope of the Medical Device Additive Manufacturing Market into North America, Europe, Asia-Pacific, South America & Middle East and Africa. Which among these regions has been touted to amass the largest market share over the anticipated duration
How do the sales figures look at present?
How does the sales scenario look for the future?
Considering the present scenario, how much revenue will each region attain by the end of the forecast period?
How much is the market share that each of these regions has accumulated presently?
How much is the growth rate that each topography will depict over the predicted timeline?
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