The global 3D printing for medical sector market size is segmented by Technology (Electron Beam Melting, Laser Beam Melting, Droplet Deposition, and Photopolymerization), Application (Tissue Engineering, Surgical Implants, Healthcare Wearable Devices, and Others (Drug Testing and Anatomical Models)), End-User (Hospitals & Clinics, Medical Industries, and Academic and Research Institutions), and Region (North America, Latin America, Europe, Asia Pacific, Middle East. Approval and introduction of innovative 3D printers, as well as frequent strategic acquisitions and collaborations among major competitors, are projected to boost the worldwide 3D printing for medical sector market development throughout the forecast period. The Australian Patent Office granted a patent in June 2018 for Materialise NV's 3D planning technologies and 3D-printed guides, which enable the design of screw locations for the fit and fixation of personalized implants. Materialize has strengthened its position in the worldwide 3D printing for the medical sector business with the recent growth of its portfolio of medical patents. 3D Systems Inc. released the NextDent 5100 high-speed dental 3D printer in August 2018. NextDent 5100 enables dental laboratories and clinics to generate trays, models, surgical guides, dentures, orthodontic splints, crowns, and bridges at a faster, more precise, and cost-effective rate than competing systems. As a result, the regular introduction of such technologically advanced 3D printers into the market is likely to fuel the worldwide 3D printing for medical sector market growth over the forecast period.
To develop, produce, and distribute revolutionary 3D digital printers, key market players are employing inorganic development tactics such as collaboration, merger, and acquisition. For example, in November 2017, Materialise NV, a Belgian supplier of 3D printing services and software solutions, and Siemens Healthineers, a German medical technology firm, teamed and joined forces to deliver Materialise Mimics inPrint software to hospitals worldwide. Key companies' inorganic expansion methods are projected to offer a profitable environment for global 3D printing for medical sector market growth. Furthermore, prominent market companies are active in accessing promising regions by constructing facilities there. Materialize NV, for example, opened a new building at their headquarters in Leuven in October 2017, after the opening of their new office in Poland in September 2017. The additional structures will improve industrial capacity as well as office space. Key player penetration in the new region is likely to boost access to innovative 3D printers and drive worldwide 3D printing for the medical sector market development during the forecast period.