By Erica Kramer, Ph.D., Nerac Analyst,
Originally Published: January 19, 2017
The global 3D printing healthcare market is projected to grow to $2.3B by 2020, with medical and surgical centers expected to be the dominant end user segment. External wearable devices are expected to account for the largest market segment as a result of an aging population with increasing rates of osteoporosis, amputations, hearing loss, and dental problems.
Despite the exciting scientific advances and promising market outlook there are a number of factors which may impede market growth, including the high cost of advanced 3D printers, copyright and patent issues, biocompatibility concerns, limited technical expertise, and significant regulatory and reimbursement challenges. As with any medical device, it is critical that regulatory strategy is carefully considered early in the product development lifecycle.
- 61By Ron Sills M.S., Nerac Analyst, Originally Published: July 6th, 2015 The medical devices market was estimated at $361 billion in revenues in 2014. Various sources project a 3 – 4% annual growth rate going forward, driven by an aging population in developed nations, as well as increased spending in emerging regions. This forecast indicates…
- 56By Donna Mitchell-Magaldi, Nerac Analyst Originally Published: February 10, 2015 It is no surprise to anyone in the medical device industry that the European Commission is working on a new regulatory framework that will in essence take the three existing directives: Directive 90/385/EEC regarding active implantable medical devices, Directive 93/42/42 regarding medical devices, and Directive…
- 55New analyst brings experience in medical devices, neuroscience and biology. Read the full release here.