The Output Value of Medical Materials Will Approach 500 Billion Us Dollars In 2023! 3D Printing Has Become a New Wave in The Medical Field
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The Output Value of Medical Materials Will Approach 500 Billion Us Dollars In 2023! 3D Printing Has Become a New Wave in The Medical Field

The technology of 3D printing medical materials has soared. The new technique "Layered Manufacturing Technology", also known as 3D printing, which is produced by layer-by-layer additive method, has become a popular in recent years. With the rapid advancement of 3D printing technology, the market of 3D printing medical materials has greatly grown.
Published: Jun 16, 2022
The Output Value of Medical Materials Will Approach 500 Billion Us Dollars In 2023! 3D Printing Has Become a New Wave in The Medical Field
In 2021, under the impact of the COVID-19 epidemic and the US-China trade war, as well as the international net-zero carbon emissions issue and China's power rationing crisis, all affect the development of the industry and become the most concerned topic of all walks of life. The global medical device market size will reach US$427.3 billion in 2020, and is expected to reach US$437.7 billion in 2021; it is expected to reach US$491.4 billion in 2023 at a compound annual growth rate of 4.8%.

Looking back at the international medical equipment industry in 2020, the COVID-19 epidemic has rapidly impacted all parts of the world, and changes in the medical demand structure have greatly affected the medical equipment industry, which has also promoted the rapid development of precision medicine. Facing the impact of the environment and the epidemic, how can enterprises transform their industries and products to innovative models to adapt to change have become a key success factor.

At the same time, the aging of the global population continues to drive up the demand for medical care. Countries are actively seeking more efficient medical solutions, promoting the development of technologies such as precision health and digital medicine, and related policies, hoping to accelerate the development of advanced medical technology to achieve improved medical care. Disease efficiency and the goal of prolonging the life expectancy of health.

Looking forward to the future, the world is expected to remain under the influence of the epidemic in 2022. Human beings will gradually establish a way of coexisting with the virus. The management of the epidemic and the treatment of infection will continue to drive the development of medicine and medical technology. The aging population will still be the most important issue in medical technology. Telemedicine breaks the limitations of the location and distance of medical services, and changes in the field and users are rapidly driving the change in the type of medical equipment.

3D printing has become a new wave in the medical field, and can be used in dentistry, orthopedics, and surgery

The global 3D printing medical equipment market size is expected to reach US$2.11 billion in 2020, and is expected to reach US$2.39 billion in 2021; it is expected to reach US$5.08 billion by 2026 at a compound annual growth rate of 16.3%.

3D printing technology can now be applied to the manufacture of medical materials such as dentistry, orthopedics, surgical instruments, hearing aids and tissues and organs. With the development and innovation of technical materials and the increasing medical demand, it continues to drive the rapid growth of the market.

However, in 2020, the COVID-19 epidemic swept the world, and non-emergency and elective outpatient clinics and surgeries were often postponed or cancelled, and many dental clinics were also closed, which greatly affected the sales and revenue of products and services such as 3D dental printing.

On the other hand, due to the surge of confirmed patients, the shortage of medical supplies, and the severe shortage of many medical equipment, the 3D printing industry has been able to take advantage of its rapid prototyping, online shared design and decentralized production to produce breathing with medical-grade printing materials. components, personal protective equipment, screening and diagnostic tools, etc., alleviate the urgent need of medical supplies shortage, and also demonstrate the production flexibility and diversified manufacturing possibilities of 3D printed medical materials.

It is expected that after the epidemic has eased and people's medical treatment returns to normal, the global 3D printing medical equipment market will grow rapidly, doubling from US$2.39 billion in 2021 to US$5.08 billion in 2026. It is recommended to strengthen the links of industrial settlements to provide integrated products and services. In addition to accelerating the expansion of the existing field of bone and dental printing, we are optimistic about the future needs of smart care and cancer treatment, and can develop towards emerging printing technologies such as biosensing devices and tissue engineering. Layout of future potential markets.

Published by Jun 16, 2022 Source :Business Next

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