30/11/2022
Last week we ran a poll asking you what the biggest challenges are that you're facing right now, and 36% of you said economic uncertainty.
Luckily, the med tech industry, and in particular the 3D printed medical device market, is showing no signs of slowing down, according to the latest report published by Straits Research.
They state: “The global 3D printing medical devices market size was valued at USD 2.55 billion in 2022. It is projected to reach USD 9.79 billion by 2031, growing at a CAGR of 16.1% during the forecast period (2023-2031). North America is the most significant shareholder in the global 3D printing medical devices market.”
North America is leading the way with 3D printed devices, with Europe and the Asia-Pacific region following closely behind.
There are so many advantages to the use of 3D printers in med tech:
❤️🩹 Improved treatment outcomes
🧬 Patient-specific implants can be created
🔎 Procedural efficiency
📉 Lower reintervention costs
🦾 Portable printers mean objects and devices can be made quickly and with lower transportation costs
At Austin Vita, we pride ourselves of being at the bleeding edge of med tech innovation.
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