Market research firm Transparent Market Research (TMR) predicts that Europe will emerge as a major market for 3D printing technology for medical applications by 2019.
Applications of 3D printing technology in medicine are burgeoning in several markets as 3D printing is poised to exert a major impact on healthcare, TMR said.
The company's new report states potential and current medical applications of 3D printing can be segmented into several categories, such as implants, surgical guides, bioengineering, and surgical instruments. The report predicts multiple growth trajectories between 2013 and 2019.
Overall, the report predicts the market for 3D printing in medical applications will develop at about a 15% compound annual growth rate (CAGR). The global market, valued at 315 million euros in 2012, will reach a value of 859 million euros by the end of 2019, the report predicts.
3D printing is used in a variety of applications including dental surgeries, craniomaxillofacial surgeries, and orthopedic procedures, the company stated. A sample report copy can be obtained here.
