Demand for 3D Printed Medical Devices Set for Stupendous Growth in and Post 2020, Buoyed by the Global COVID-19 Pandemic
The global landscape of 3D printing or additive manufacturing will soon represent a multi-billion-dollar industry. Its application in the medical devices sector has been creating a lucrative opportunity for manufacturers. In 2019, 3D printed medical device sales would account for revenues of over US$ 400 Mn, which will experience fourfold growth towards the end of forecast period (2019 - 2029). As 3D printing technology helps medical device manufacturers to achieve high complexity, high sterilization, and digital monitoring, all at reduced overall costs, the investments in 3D printed medical devices will continue to gather traction.
The global landscape of 3D printing or additive manufacturing will soon represent a multi-billion-dollar industry. Its application in the medical devices sector has been creating a lucrative opportunity for manufacturers. In 2019, 3D printed medical device sales would account for revenues of over US$ 400 Mn, which will experience fourfold growth towards the end of forecast period (2019 - 2029). As 3D printing technology helps medical device manufacturers to achieve high complexity, high sterilization, and digital monitoring, all at reduced overall costs, the investments in 3D printed medical devices will continue to gather traction.
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