Biocompatible 3D Printing Materials Market by Type (Polymer, Metal), Application (Implants & Prosthesis, Prototyping & Surgical Guides, Tissue Engineering, Hearing Aid), Form (Powder, Liquid), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market is projected to grow from the estimated USD 308.1 million in 2018 to USD 832.7 million by 2023, at a CAGR of 22.0% between 2018 and 2023. The demand for biocompatible 3D printing materials, particularly in the implants & prosthesis application, has increased gradually.
Major players operating in the Biocompatible 3D Printing Materials Market include 3D Systems, Inc. (US), Evonik Industries AG (Germany), Stratasys Ltd. (US), Concept Laser, GmBH (Germany), EOS GmBH Electro Optical Systems (Germany), Renishaw PLC. (UK), Formlabs Inc. (US), EnvisionTEC, Inc. (Germany), 3D Composites (US), and Aspect Biosystems Ltd. (Canada).
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The polymer segment accounted for the majority share in the Biocompatible 3D Printing Materials Market, in terms of value and volume, in 2017. Biocompatible polymer used in 3D printing constitute polylactic acid (PLA), polycaprolactone (PCL), nylon, polycarbonate, polyamide, cellulose, polypropylene, poly (methyl methacrylate) (PMMA), resins, photopolymers, and various other polymers. These polymers are cheaper, easily moldable, and degradable. They are used in a wide array of applications such as hearing aids, tissue engineering, prototyping, and surgical guides.