Healthcare 3D Printing Market Dynamics, Forecast, Analysis and Supply Demand 2017-2024
Increasing number of surgeries and rising demand for personalized medical care will drive global healthcare 3D printing market size. Growing adoption of 3D printing technologies among medical fraternity will reduce the risk as well as cost associated with the complicated surgical procedures.
Rising R&D investments and technological innovation in 3D printers will accelerate the industry growth. Spurring 3D printers demand among the equipment manufacturers will further drive business growth over the forecast years.
Inkjet based 3D printers will witness significant growth over the forecast years. Increasing application in tissue engineering and regenerative medicines will boost the business share. Moreover, improved digital accuracy, control and adaptability of these devices will propel industry demand over coming years.
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Stereolithography (SLA) should witness lucrative growth opportunities owing to its varied application in medical technology. The ability of SLA to build rapid prototypes, master patterns and production parts will stimulate the industry growth. Selective laser sintering will provide rapid manufacturing in healthcare, medical products and consumer good and offers additional scope for innovation and patent filings.
Medical application is the major revenue generating segment and estimated to witness over 20% CAGR owing to the 3D printing of organs like liver and kidney, printing blood vessels & heart tissue, skin and cartilage & bone.
U.S. healthcare 3D printing market was valued over USD 170 million in 2016 and is forecast to grow significantly during the forecast period due to the presence of major 3D printing industry players and enormous success witnessed by medical implants businesses.
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UK healthcare 3D printing market will grow at over 20% CAGR by 2024 owing to the increasing awareness through conference and discussion on effective solutions for the medical field. Growing R&D focus on advances in 3D printing devices should further stimulate business growth.
Asia Pacific will experience significant growth due to rapid growth in medical applications, increased R&D investments and technological advances for the production of precision devices and prosthetics.
Some of the companies operating in healthcare 3D printing market include Organovo Holding, Stratasys, 3D Systems, Reninshaw, Aspect Biosystems, Bio3D Technologies, Cyfuse Biomedical, 3Dynamics Systems, Envision TEC and Materialise. The industry players are engaged in strategic mergers and acquisitions, collaborations coupled with new product launch and innovation to gain competitive market share.
Healthcare 3D Printing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Healthcare 3D Printing Market, By Product
• Syringe based
• Magnetic Levitation
• Laser Based
• Inkjet Based
Healthcare 3D Printing Market, By Technology
• Fused deposition modeling (FDM)
• Selective Laser Sintering (SLS)
• Stereolithography (SLA)
Healthcare 3D Printing Market, By Application
o Prosthetics and Implants
o Tissue and Organ Generation
The above information is provided on a regional and country basis for the following:
• North America
• Asia Pacific
o South Korea
• Latin America
• Middle East and Africa
o South Africa
o Saudi Arabia
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