Here are eight trends in the global 3D printing in medical applications market, according to a Transparency Market Research report:
1. The market is anticipated to reach a value of $965.5 million by 2019.
2. The market was valued at $354.5 million in 2012.
3. It is expected to grow at a compound annual growth rate of 15.4 percent.
4. Technological advancements, rising government investments and increasing number of medical applications are key factors driving the 3D printing in medical applications market.
5. However, lack of skilled professionals and material development are expected to hamper the growth of the market.
6. In 2012, North America dominated the market.
7. But from 2012 to 2019, Europe is expected to lead the market.
8. Key players in the market are Materialise, EnvisionTEC, Stratasys, Arcam and 3D Systems.