According to the research report titled ‘Global Medical 3D Printing Plastics Market Size study, by Type (Acrylonitrile Butadiene Styrene (ABS), Polyetheretherketone (PEEK), Polyethylene Terephthalate Glycol (PETG), Photopolymer, Polyamide, Polylactic Acid), by Form (Filament, Powder, Ink) and Regional Forecasts 2020-2027’ available with Market Study Report, global medical 3D printing plastics market was valued at USD 209 million in the year 2019 and is projected to record a healthy CAGR of 27% over the period 2020-2027.
 

Over the years, the value of 3D printing has significantly increased due to its diverse medical applications. Medical 3D printing plastics have helped in improving drill guides, surgical cutting, prosthetics, catheters, and orthopedic implants. It has also aided in the development of customized replicas of blood vessels, bones, and organs. As a result, there has been an upsurge in demand for 3D printing, thereby driving the growth of global medical 3D printing plastics market.
 

Rising adoption of medical 3D printing plastics for producing surgical masks, shoe cover, face masks and other associated products is further aiding the market expansion. In fact, the FDA (Food & Drug Administration) have approved various implants using 3D printing technologies.
 

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Moreover, rising health awareness, increasing occurrences of osteoarthritis and vascular diseases and growing elderly population are augmenting the market growth. According to WHO, the number of people above 65 years of age were recorded at 524 million in 2010 and are predicted to reach 1.6 billion in the year 2050.
 

The emergence of COVID-19 pandemic has forced governments to encourage the use of hand gloves and face masks among healthcare workers as well as individuals in order to reduce the spread of the disease, which in turn is creating considerable growth opportunities for market majors. However, health hazards from exposure to toxic materials utilized in 3D printing along with high costs of the printed products tend to hinder the expansion of global medical 3D printing plastics market.
 

Elaborating on the regional landscape, North America accounts for a majority of the revenue share for global medical 3D printing plastics market which is expected to register consistent growth during the forecast period. Rising demand for disposable plastics, increasing expenditure on healthcare, and growing health awareness are complementing the business outlook in North America.
 

Alternatively, Asia-Pacific medical 3D printing plastics market is expected to register the highest CAGR over the 2020-2027, primarily due to increasing occurrences of cardiac and bone related ailments.
 

The competitive landscape of global medical 3D printing plastics market is defined by the companies including SABIC, Victrex plc, Stratasys, Ltd., Solvay S.A, Evonik Industries AG, EnvisionTEC, Koninklijke DSM N.V., Arkema S.A., Apium Additive Technologies GmbH, and 3D Systems, Inc. among others.