Global Additive Manufacturing Technologies Market: Overview
Technological advances have become an integral part of reconstructive
surgery. New developments in software, imaging modalities, additive
manufacturing, and customization of implants are poised to
revolutionize the field of reconstructive surgery. Digital 3D design
data is used in additive manufacturing technologies process to build
a component in layers with deposition of material. Additive
manufacturing technologies uses material in powder form to build a
product. Additive manufacturing technologies are useful in cases
where conventional technologies have limitations and when a new
approach to design and manufacture is required to derive a solution.
Additive technologies use a design driven manufacturing process,
thereby enabling highly complex structures to be light and stable.
The principle behind additive manufacturing technologies is applying
a powder material in the form of layers to build the platform. Then a
beam of powerful laser fuses with the powder exactly at defined
points generated by computer component design data. Later the
platform is lowered and the process is repeated for application of
one more powder layer. There is again fusion of material and the
technique used depending upon the type of material materials.
Additive technology is effective in making pieces that are resilient
and precise. Hence, the technology is being used to develop products
with benefits such as design free, low quantity economic, material
efficiency, predictable time, and reduced assembly space.
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Global Additive Manufacturing Technologies Market: Drivers and
Restraints
Rapidly changing economies of scale, rise in gold prices, outsourced
manufacturing making it important to find cost effective methods,
increase in demand for restoration, government investment, increased
application areas, robust product development at low cost, and ease
of development with customized products drive the global market.
However, regulatory uncertainty, limited choice of materials used,
material and process manufacturing qualification and certification
standards, and ethical consideration are likely to restrain the
market.
Global Additive Manufacturing Technologies Market: Key Segments
The global additive manufacturing technologies market can be
segmented based on technology, processes, application, end-user, and
region. In terms of technology, the additive manufacturing
technologies market can be bifurcated into stereo lithography and 3D
printing. Based on process, the global additive manufacturing
technologies market can be classified into VAT photopolymerization,
material jetting, material extrusion, binder jetting, sheet
lamination, power bed fusion, and directed energy deposition. In
terms of application, the additive manufacturing technologies market
can be categorized into bone transplants, dentistry, plastic surgery,
and artificial blood vessels. Based on end-user, the global additive
manufacturing technologies market can be divided into high-end
hospitals, dental clinics, ambulatory surgical centers, and medical
research laboratories. In terms of region, the global additive
manufacturing technologies market can be segmented into North
America, Europe, Asia Pacific, Latin America, and Middle East &
Africa.
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Several industrial applications for additive manufacturing
technologies have been developed in the last five years. North
America and Europe lead the global additive manufacturing
technologies market. However, Asia Pacific is an attractive emerging
additive manufacturing technologies market and is expected to lead
the global additive manufacturing technologies market in the next few
years. China and Japan are the leading additive manufacturing
technologies market in Asia Pacific. The additive manufacturing
technologies market is expected to expand in developing countries
such as India and Brazil. Research and development activities mostly
take place in the U.S., the U.K. and Germany. Several manufacturing
firms are looking for investment in additive manufacturing
technologies equipment in Latin America to expand in this potential
market.
Global Additive Manufacturing Technologies Market: Key Players
Top players in the global additive manufacturing technologies market
are 3D Systems, Arcam, Bespoke Innovations, Envision TEC, EOS,
Innovation MediTech, Lima Corporate, Medial Modeling, Renishaw plc,
Optomec, Organovo, Ossis, Oxford Performance Materials, and
Visualization Sciences, among others.
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