3D printing technology is growing rapidly, and one of its markets is the healthcare industry, which has been developing new medical applications at an alarming rate. It used to be a small wave in the 3D printing tide, but now it has developed its own industry in this industry, and it seems that it will continue to expand in the next four years. We have seen some amazing developments in bioprinting, prosthetics, and custom medical implants over the past few years. Although most of these developments are only a relatively small part of the industry, this small segment is expected to leapfrog as they have matured and become more widely used in the market.
In 2014, medical 3D printed materials accounted for $284.7 million in health care alone, and it is estimated that its compound annual growth rate will be faster than other industries. Until 2020, medical and dental 3D printed materials are expected to grow at a rate of 19.1%. Commonly used 3D printed materials for healthcare applications include plastics, metals, ceramics, donor cells, bone cements, and various biomaterials. Metal powders and biomaterials are still very expensive, but technological advances are reducing the cost of metals, while biomaterials are still in the research stage. As they become more commonly used materials in the healthcare industry, prices are expected to decline.
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