North America Medical Device Additives Manufacturing Market
Additive manufacturing is a technique used for manufacturing rapid prototypes as well as functional end-use parts. Increase in use of additive manufacturing in the medical industry has been seen in the recent years owing to various technological advancements such as custom-made medical devices. With additive manufacturing being implied in the healthcare industry, the scope for customization and innovation of medical devices has increased considerably over the last few years.
The North America medical device additives manufacturing market is expected to reach US$ 1,962.70 million by 2027 from US$ 587.62 million in 2019; it is anticipated to grow at a CAGR of 16.4% during 2020–2027. Factors such as high investments and expenditure on healthcare and advancing technologies in manufacturing medical devices, strong presence of key market players and the increasing demand for implants of orthopedic, dental and cochlear applications are expected to boost the growth of the medical device additives manufacturing market in the coming years. However, the market is likely to get impacted by the risk factor such as high costs associated medical device additives manufacturing procedures during the forecast period.
The scope of the North America medical device additives manufacturing market includes technology, products, application, and country. In terms of technology, the laser sintering segment accounted for the largest share of the North America medical device additives manufacturing market in 2019. Based on product, the surgical instruments segment held the largest share of the North America medical device additives manufacturing market in 2019. In terms of application, the orthopedic segment accounted for the largest share of the North America medical device additives manufacturing market in 2019.
Several major primary and secondary sources associated with the North America medical device additives manufacturing market report include the World Health Organization (WHO), Centers of Disease Control and Prevention (CDC), American Society of Orthopedic Surgeons, and American Academy of Orthopedic Surgeons.
The North America Medical Device Additives Manufacturing Market is valued at US$ 587.62 Million in 2019, it is projected to reach US$ 1,962.70 Million by 2027.
As per our report North America Medical Device Additives Manufacturing Market, the market size is valued at US$ 587.62 Million in 2019, projecting it to reach US$ 1,962.70 Million by 2027. This translates to a CAGR of approximately 16.4% during the forecast period.
The North America Medical Device Additives Manufacturing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Medical Device Additives Manufacturing Market report:
The North America Medical Device Additives Manufacturing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Medical Device Additives Manufacturing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Medical Device Additives Manufacturing Market value chain can benefit from the information contained in a comprehensive market report.
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