The global medical 3D printing plastics market size is expected to reach USD 1.38 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 26.6% from 2020 to 2027. Demand for medical 3D printing plastics is ascending at a prominent rate owing to the COVID-19 pandemic situation. The pandemic situation caused a sudden increase in demand for face mask and covers, gloves, head and shoes cover, and other medical devices.
In terms of volume, the photopolymer type segment accounted for the largest share in the year 2019 and is anticipated to maintain its lead over the forecast years. Photopolymers are used to produce various medical components, including hearing aid, dental implants, and face mask. Components produced using photopolymer have high accuracy as well as smooth surface finish and complex shapes can be produced easily. These properties make it suitable for medical 3D printing process.
Asia Pacific is anticipated to witness substantial growth over the coming years owing to various factors such as presence of government initiatives, such as Make in India, rising number of medical products manufacturers, and increasing R&D investments in the medical 3D printing plastics sector by private as well as public organizations. In addition, various medical product manufacturing companies have started looking towards India for establishing manufacturing facilities post COVID-19 pandemic situation.
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Medical 3D Printing Plastics Market Report Highlights
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Medical 3D Printing Plastics Market Segmentation
Grand View Research has segmented the global medical 3D printing plastics market on the basis of basis of type, form, and region:
Medical 3D Printing Plastics Type Outlook (Volume, Tons; Revenue, USD Million, 2016 – 2027)
Medical 3D Printing Plastics Form Outlook (Volume, Tons; Revenue, USD Million, 2016 – 2027)
Key Topic Covered
Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.2. Market Definition 1.3. Information Procurement 1.3.1. Purchased Database 1.3.2. GVR’s Internal Database 1.3.3. Secondary Sources & Third-Party Perspectives 1.3.4. Primary Research 1.4. Information Analysis 1.4.1. Data Analysis Models 1.5. Market Formulation & Data Visualization Chapter 2. Executive Summary 2.1. Market summary 2.2. Segmental Outlook Chapter 3. Market Variables, Trends, and Scope 3.1. Market Lineage Outlook 3.1.1. Global Plastics Market 3.2. Penetration & Growth Prospect Mapping 3.3. Industry Value Chain Analysis 3.3.1. Raw Material Trends 3.3.2. Manufacturing Trends 3.4. Technology Overview 3.5. Regulatory Framework 3.6. Market Dynamics 3.6.1. Market Driver Analysis 3.6.2. Market Restraint Analysis 3.7. Business Environment Analysis: 3.7.1. Industry Analysis – Porter’s 3.7.1.1. Supplier Power 3.7.1.2. Buyer Power 3.7.1.3. Substitution Threat 3.7.1.4. Threat from New Entrant 3.7.1.5. Competitive Rivalry 3.7.2. PESTEL Analysis 3.7.2.1. Political Landscape 3.7.2.2. Environmental Landscape 3.7.2.3. Social Landscape 3.7.2.4. Technology Landscape 3.7.2.5. Economic Landscape 3.7.2.6. Legal Landscape
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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