Additive Manufacturing Medical Devices Industry Research and Forecast

Additive Manufacturing

Additive Manufacturing is process of joining materials to make object from three D model data usually like a layer upon layer. The Additive Manufacturing task starts with a three D model of the object, generally created by CAD software. Specialized software cut this model into cross-sectional layers, creating .STL file and sends to Additive Manufacturing machine. The Additive Manufacturing machine then creates the object by adding layers of material.

Following steps involve in additive manufacturing Process

1. Material Development
2. Design Modeling & Simulation
3. Materials Processing & Layering
4. Final Product 

Additive Manufacturing for Biomedical applications

• Orthopedic Implants
• Human Anatomy
• Surgical instrumentation
• Tissue engineering
• Printed Organs

There are following Benefits of Additive Approach

• Speed
• Without using molds or dies, additive allows you to make parts and several prototypes on demand.
• Cost
• There are no needs to build a mold and design changes that can be made without adding cost.
• Design Freedom.
• The Design Changes made quickly and easily, the machining and tooling are eliminated.
• Convenience
• Production and design can all take place in house on your schedule.

Additive Manufacturing Industry

According to recent report that published by MarketsandMarkets forecast that the Additive Manufacturing Industry is a potentially growing market in every manufacturing sector with a global additive manufacturing market of $1,843.2 million in 2012 and is expected to grow at a CAGR of 13.5% that is ultimate growth rate to reach $3,471.9 million by 2017. These are main players in this market are 3D Systems Corporation (U.S.),  EOS GmbH Electro Optical Systems (Germany), Fcubic AB (Sweden),3T RPD (U.K.), Arcam AB (Sweden), Biomedical Modeling, Inc. (U.S.), Envisiontec GmbH (Germany), GPI Prototype and Manufacturing Services, Inc. (U.S.).

Global Additive Manufacturing  Market Share, By Industry, 2012 (%)

                                        Image Source : MarketsandMarkets

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