The global 3-D printed medical devices market will likely grow at a compound annual growth rate of 17.7 percent through 2026, according to a Future Market Insights report.
Here are six observations:
1. The plastic segment leads the market in terms of material, expected to reach $984.7 million by 2026.
2. In terms of application, the orthopedic implants segment possessed the highest revenue share in the market. It will grow at a CAGR of 19.9 percent through 2026, reaching $643.5 million.
3. Based on distribution, the hospital end-user segment will witness a high demand for 3-D printed medical devices, growing at a CAGR of 18.7 percent through 2026.
4. In 2015, the North American market was valued at $105 million.
5. Western Europe revenues will likely grow at a CAGR of 18.5 percent through 2026, with eastern Europe revenues growing at a CAGR of 15.6 percent.
6. Rock Hill, S.C.-based 3D Systems; Sweden-based Arcam; Eden Prairie, Minn.-based Stratasys; London, U.K.-based FabRx; Krailling, Germany-based EOS GmbH Electro Optical Systems; Gladbeck, Germany-based EnvisionTEC; Tokyo, Japan-based Cyfuse Biomedical K.K.; and Singapore-based Bio3D Technologies lead the market.