Rising demand for 3D printing materials markets owing its increasing use in advanced medical applications across the globe is factor expected to propel growth of the global biocompatible 3D printing materials market over the forecast period. In addition, growing demand for biocompatible 3D printing materials, owing to growing customization of biocompatible 3d printing materials is another factor expected to boost growth of the market over the forecast period.
However, high material cost of biocompatible 3D printing materials is a factor expected to hamper growth of the target market in the near future.
The global biocompatible 3D printing materials market has been segmented on basis of basis of type, form, application, and region. On the basis of type, the target market is segmented into polymer, metal, and others. On the basis of form global biocompatible 3D printing materials market is segmented into powder, liquid, and others. On the basis of application global biocompatible 3D printing materials market is segmented into implants and prosthesis, prototyping and surgical guides, tissue engineering, hearing aids, and others. Implants and prosthesis segment dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period, owing to its increasing use in various end-use applications used as it provides superior surface geometry and increases the survival rate of implants and prosthetics.
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Based upon region global biocompatible 3D printing materials market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in North America is accounted to be highest share in terms of revenue, owing to presence of leading biocompatible 3D printing materials manufacturing companies, in the region. The markets in Europe is expected to register significant growth in terms of revenue, owing to growing adoption in new medical applications, in the region over the forecast period.
Key players operating in the global biocompatible 3D printing materials market include 3D Systems, Inc., Evonik Industries AG, Stratasys Ltd., Concept Laser, GmBH, EOS GmBH Electro Optical Systems, Renishaw PLC., Formlabs Inc., EnvisionTEC, Inc., 3D Composites, and Aspect Biosystems Ltd.