(EMAILWIRE.COM, April 19, 2018 ) 3-D printing has been carried out in treatment since the early 2000s, with the technology first being used to make dental implants and custom prosthetics. Since then, the clinical packages for 3-D printing have advanced drastically. 3D printed medical devices are novel medical devices that involve process of growing 3 dimensional strong items from a digital version. Patient specific treatment is the primary benefit of 3D printing technology in the healthcare industry. Within the healthcare enterprise, 3D printing generation is used to broaden scientific devices consisting of dental implants, orthopedic implants, prosthetics and hearing aids. Moreover, hospitals and academic institutes use 3D printing technology to expand diverse fashions for schooling functions.

3-D printing is expected to play an important position in the personalized medication, through its use in customizing nutritional merchandise, organs, and tablets. 3-D printing is anticipated to be mainly not unusual in pharmacy settings. The manufacturing and distribution of medicine by using pharmaceutical companies could conceivably be replaced by way of emailing databases of medicine formulations to pharmacies for on-demand drug printing.

The most advanced 3D printing application that is anticipated is the bio printing of complicated organs. It has been envisioned that the industry is less than 20 years from a fully functioning printable heart.

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The Middle East and Africa Medical device 3D Printing market was valued at USD 52.2 million in 2016 and is poised to attain USD 221.8 million via 2022, growing at a CAGR of 28.08%.

Drivers and Restraints:

This market is expected to witness substantial growth at some point of the forecast period as a result of the several technological improvements in this region. Further, augmented R&D investments, unexpectedly expanding customer base, increasing scope of biomedical applications, and tremendous research and improvement sports at the instructional and business level have fueled the market growth. Moreover, collaborations between educational institutions and agencies to accelerate the method of product improvement have supplemented the market growth.

However, the absence of a structured regulatory framework, destructive compensation guidelines, and excessive prices associated with printers, copyright and patent infringement concerns, biocompatibility troubles of 3-D revealed medical devices, and limited technical understanding are the principal components hampering the growth of the market.

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Geographic Segmentation

Further, on the premise of geography, the market is segmented and analyzed under regions of Middle East and Africa. South Africa is the most developed country in the African area and is ready to provide huge market. Coming to the Middle East, a few being the world richest nations, thanks to the oil money, is also a capability market for 3-D printed scientific tool as there has been huge investment in this field in countries such as UAE, Bahrain, and Saudi Arabia.

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Some of the key players of the market include 3D Systems Corporation, Stratasys Ltd., EnvisionTEC GmbH, Renishaw plc, Materialise NV, 3T RPD, Ltd., EOS GmbH Electro Optical Systems, Concept Laser GmbH, Arcam AB, and Prodways.

Scope of the report

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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