North America 3D Printing Medical Devices Market Growing at a CAGR of 17.8% by 2028- Revenue, Growth Rate, Demand, Trends and Forecast
North America 3D printing medical devices market is expected to reach US$ 2,672.9 million by 2028 from US$ 848.0 million in 2021. The market is estimated to grow at a CAGR of 17.8% from 2021–2028.
The latest North America 3D Printing Medical Devices market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving North America 3D Printing Medical Devices market.
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Key companies profiled in this research study are:
- EOS GmbH Electro Optical Systems
- Renishaw PLC
- Stratasys Ltd.
- 3D Systems, Inc.
- EnvisionTech, Inc.
- Concept Laser Gmbh (General Electric)
- Proadways Group
- SLM Solution Group AG
- CELLINK
The current COVID-19 outbreak has highlighted the importance of 3D printing in addressing key shortages in the medical product supply chain. The 3D-printing industry is currently focused on the United States and Western Europe. Beginning in March 2020, the medical community in the United States faced extraordinary shortages of personal protective equipment (PPE), PPE attachments, and medical instruments needed to treat COVID-19 patients. Individuals and businesses in the United States designed and manufactured additively built PPE, PPE attachments, and medical gadgets in response to the needs of the healthcare community.
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As a result of the pandemic, access to clients to sell and implement 3D printing medical devices decreased in March 2020 and during the second quarter of 2020, as hospitals focused solely on the COVID-19 epidemic. The epidemic has resulted in a huge surge in ventilator demand. Manufacturing facility closures due to lockdowns and interrupted supply chains had a minor impact on the geographical growth of the 3D Printing Medical Devices market in 2020. Established vendors are backed up the increasing demand and helped to alleviate crucial shortages of nasopharyngeal swabs and face shields. Field-ready, individually packaged, sterile 3D-printed nasopharyngeal swabs and face shields were produced by the company.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America 3D Printing Medical Devices market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the North America 3D Printing Medical Devices market segments and regions.
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