(PharmaNewsWire.Com, June 15, 2018 ) 3D printing is a system in which materials are joined or hardened below the manager of a computer to create a 3D object, with a material being added collectively. 3D printing is used in both fast prototyping and additive production. The form or geometry of an object may be of any kind and is produced commonly the usage of digital model information from a 3D version or other electronic records supply.
3D printing, additionally known as additive production, utilizes a layer by layer addition method to supply physical items from a three-dimensional virtual document. The 3D printing generation caters to the growing demands of personalized medical care by means of imparting custom designed medical devices based totally on personal wishes. Further, it allows surgeons to devise surgical procedures, which in turn helps to lessen the operative dangers concerned for the duration of complex strategies, a chance of infection, and reduce the period of anesthesia publicity. This will allow sufferers to get better quicker and decrease the health center stay length.
The Latin America Medical Device 3D Printing market is expected at USD 82.7 million in 2016 and is poised to reach USD 440.1 million by 2022, developing at a CAGR of 33.08%.
Drivers and Restraints:
This market is anticipated to witness great growth during the forecast period on account of the several technological innovations in this area. Further, augmented R&D investments, swiftly expanding patron base, increasing scope of biomedical packages, and widespread studies and development activities at the instructional and commercial level have fueled the marketplace increase. Moreover, collaborations among educational establishments and agencies to boost up the process of product improvement have supplemented the market growth.
However, an absence of an established regulatory framework, unfavorable compensation regulations, and high charges associated with printers, copyright & patent infringement issues, biocompatibility issues of 3-d printed medical devices, and limited technical expertise are the major element hampering the increase of the market.
Similarly, on the premise of geography, the market is analyzed below countries particularly, Brazil, Argentina, and Mexico. Brazil being the most important financial system and nicely superior on technological front is about to be the ground for major tendencies in 3D printing technology in the Latin America vicinity.
The main players of the market include Stratasys Ltd., 3D Systems Corporation, Renishaw plc, EOS GmbH Electro Optical Systems, EnvisionTEC GmbH, 3T RPD, Ltd., Materialise NV, Concept Laser GmbH, Prodways and Arcam AB.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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