Press release
Latin America 3D Printing in Healthcare market Witnessing Robust Growth and Growing at the CAGR of 21.82% during forecast period
The value of the 3D printing in healthcare market in Latin America is expected to reach a value of USD 1.97 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 21.82% 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 process 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 manufacture objects like prosthetics and implants, using several materials like metal, plastic, etc.
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3D printing in healthcare allows for the creation of replacement organs to support existing biological parts. It is widely used in cardiovascular, cranial-maxillo facial surgery, radiology, orthopaedic, biofabrication, as a surgical guide, and many more.
Based on technology, the market can be segmented into laser beam melting (LBM), electron beam melting (LBM), photopolymerization, droplet deposition, laminated object manufacturing, and others.
Based on material, the sub-segments of plastic, metal, ceramic and others.
Based on type, the sub-segments include prosthetics, implants, surgical guides, hearing aid and others.
Key growth factors
The percentage of middle class people is slowly increasing, which is a driving force for the market. Also, the healthcare market is expected to show about 2% growth in the coming years, making 3D printing an integral part of the system since it can provide cheap, customizable medical solutions. Additionally, the region has an abundance of various raw materials which are required for 3D printing, such as polymers and metals.
Threats and key players
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There are no government insurance policies for dental procedures, which adversely affects the dental 3D printing market - which coincidentally occupies a major chunk of the market. Also, there is a severe lack of qualified and experienced personnel in this region, making it difficult to use and maintain 3D printed products in this region. Additionally, the standard of living is low and simple, making them disinterested in new and innovative products.
The key players are Stratasys Ltd., Renishaw and Materialise.
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: 3D printing in healthcare market - overview
2.1. Latin America market overview - market trends, market attractiveness analysis, geography-wise market revenue (USD)
2.2. Latin America - market drivers and challenges
2.3. Value chain analysis machine learning 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 2.8. Market size- by application (BFSI, automotive, healthcare, government and others)
Chapter 3: Latin America3D printing in healthcare market - overview
3.1. Market overview - market trends, market attractiveness analysis, geography wise market revenue (USD)
3.2. Latin America - 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) and 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
Chapter 4: Competitive landscape
4.1. Stratasys Ltd.
4.1.a. Company snapshot
4.1.b. Product offerings
4.1.c. Growth strategies
4.1.d. Initiatives
4.1.e. Geographical presence
4.1.f. Key numbers
4.2. Renishaw
4.2.a. Company snapshot
4.2.b. Product offerings
4.2.2. Growth strategies
4.2.d. Initiatives
4.2.e. Geographical presence
4.2.f. Key numbers
....
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