Press release
Asia-Pacific 3D printing in healthcare market Witnessing Robust Growth and Growing at the CAGR of 26.0% during forecast period
The 3D printing in healthcare market in Asia-Pacific is expected to reach a value of USD 0.59 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 26.0% during 2018-2023.
3D printing can be defined as the process of building three-dimensional solid objects from digital designs. The creation of 3D printed objects is done using various additive processes. The additive processes involves laying down successive layers of a material until the desired object is created. Each of these layers can be visualized as a thinly-sliced horizontal cross-section of the final object. 3D printing is the exact opposite of subtractive manufacturing, which involves hollowing out/carving out pieces of metal or plastic from a mass. This process opens up opportunities for the production of complex shapes using less material in comparison to traditional manufacturing methods. In the field of medicine, this procedure is used to make several objects like prosthetics and implants, using several materials like metal, plastic, etc.
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Asia-Pacific will experience the highest CAGR in 3D printing in healthcare market.
The market can be classified into three primary segments based on technology, material, and type.
Based on region, the market is segmented into China, India, Japan, South Korea, Australia and New Zealand (ANZ), and the rest of Asia-Pacific.
Based on technology, the market can be segmented into laser beam melting (LBM), electron beam melting (EBM), photopolymerization, droplet deposition, laminated object manufacturing, and others.
Based on material, the sub-segments are plastic, metal, ceramic and others.
Based on type, the sub-segments include prosthetics, implants, surgical guides, hearing aid and others.
The latest trend is extensive research to make 3D printed products commercially viable.
Key growth factors
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The latest technological advancements and rapid adoption in countries like Singapore, South Korea, China and Japan are driving the Asia Pacific market, with increasing focus on bioprinting.
India and Japan, along with China, have higher potential because of a greater emphasis on 3D printing of orthopedic equipment, which caters to the increased demand from the ageing population.
The rising demand for patient-centric products in orthopedics and maxillofacial surgery, and the availability of a range of material options like nylon, polymers, etc., and the reduction in the costs of 3D models have given a thrust to the adoption of 3D printing in various medical fields and are driving the market in the Asia-Pacific region.
Threats and key players
The utilization of 3D printing in healthcare is still expensive as far as tissues and organ printing are concerned. This is hindering growth in developing regions like the Asia-Pacific.
There is a lack of trained professionals, which is acting as an obstacle to the further development of 3D printing in the healthcare market.
The major players in the market are Stratasys Ltd., Organovo, Cellink, Renishaw, and Formlabs.
Table of Content
Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2: Asia-Pacific 3D printing in healthcare market - overview
2.1. Asia-Pacific market overview - market trends, market attractiveness analysis, geography-wise market revenue (USD)
2.2. Asia-Pacific - market drivers and challenges
2.3. Value chain analysis 3D printing in healthcare market
2.4. Porters Five Forces analysis
2.5. Market size - based on technology (laser beam melting (LBM), electron beam melting (EBM), photopolymerization, droplet deposition, laminated object manufacturing and others)
2.5. a. Revenue from LBM - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.5. b. Revenue from EBM - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.5. c. Revenue from photopolymerization - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.5. d. Revenue from droplet deposition - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.5. e. Revenue from laminated object manufacturing - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.5. f. Revenue from others - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.6. Market size based on material (plastic, metal, ceramic and others)
2.6. a. Revenue from plastic - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.6. b. Revenue from metal - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.6. c. Revenue from ceramic - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.6. d. Revenue from others - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.7. Market size - based on type (prosthetics, implants, surgical guides, hearing aid and others)
2.7. a. Revenue from prosthetics - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.7. b. Revenue from implants - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.7. c. Revenue from surgical guides - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.7. d. Revenue from hearing aid - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
2.7. e. Revenue from others - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
Chapter 3: China 3D printing in healthcare market - overview
3.1. Market overview - market trends, market attractiveness analysis, geography- wise market revenue (USD)
3.2. China - market drivers and challenges
3.3. Market size - based on technology [laser beam melting (LBM), electron beam melting (EBM), photopolymerization, droplet deposition, laminated object manufacturing and others]
3.3. a. Revenue from LBM - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.3. b. Revenue from EBM - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.3. c. Revenue from photopolymerization - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.3. d. Revenue from droplet deposition - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.3. e. Revenue from laminated object manufacturing - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.3. f. Revenue from others - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.4. Market size - based on material (plastic, metal, ceramic and others)
3.4. a. Revenue from plastic - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.4. b. Revenue from metal - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.4. c. Revenue from ceramic - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.4. d. Revenue from others - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.5. Market size - based on type (prosthetics, implants, surgical guides, hearing aid and others)
3.5. a. Revenue from prosthetics - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.5. b. Revenue from implants - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.5. c. Revenue from surgical guides - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. d. Revenue from hearing aid - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
3.5. e. Revenue from others - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key observations
......
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