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Global Healthcare 3D Printing Market is projected to expand at a CAGR of 23.1% and will be worth USD 2.48 billion by 2024
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The global healthcare 3D printing market is projected to expand at a CAGR of 23.1% and will be worth USD 2.48 billion by 2024. Increasing demand for customized healthcare solutions, such as dental and surgical implants, is driving the growth of 3D printing in the healthcare sector. Additionally, 3D printing is helping improve the efficiency and precision of the healthcare system in a cost-effective manner. Volume production and patient-specific capabilities are among the most important factors taken into consideration when looking at the impact of 3D printing on the medical devices industry.
Segmentation based on technology
The various 3D printing technologies used in the healthcare space are Selective Laser Sintering (SLS), Fused Deposition Modeling (FDM), Material Jetting, Stereolithography (SLA), Direct Metal Laser Sintering (DMLS), and Digital Light Processing (DLP), among others. The FDM technology-based healthcare 3D printing market is expected to expand at the highest CAGR of 25% during 2019-2024, leading to a global revenue generation of USD 709 million by 2024. The growth can be attributed to increasing use of FDM technology in geometric development of basic surgical models with a wide range of colors. Although the finished products that use FDM technology are low in number, the technology is most preferred to develop low-cost prototypes for design optimization. On the other hand, DMLS is the most preferred metal 3D printing technology. The DMLS technology-based healthcare 3D printing market is expected to expand at a significant CAGR of 22.9% during 2019-2024.
Segmentation based on application
Based on applications, the healthcare 3D printing market is segmented by dental implants and orthodontics, surgical guides, surgical implants, hearing aids, prosthetics, tissue engineering, and others. Dental implants and orthodontics are the leading sub-segment which generated a revenue of USD 231.5 million in 2018 and is expected to expand at the CAGR of 21.4% during 2019-2024. However, the 3D printing surgical implants market is expected to witness the highest CAGR of 27.1%. Besides, easy accessibility and affordability of 3D printed surgical guides are increasing the demand for precise anatomical models for surgical planning. The market share of 3D printed surgical guides is expected to increase from 21% in 2018 to 24% in 2024.
Regional insights
North America is the leading contributor to the global healthcare 3D printing market. The North American healthcare 3D printing market is projected to expand at a CAGR of 22.7% during 2019-2024, leading to a global revenue of USD 901.2 million by 2024. However, the Asia-Pacific (APAC) region is anticipated to expand at the highest CAGR of 25.9% between 2019 and 2024. The growth can be attributed to increasing demand for dental implants owing to the rising edentulous population. In the APAC healthcare 3D printing market, China, Japan, South Korea, Australia, and India are the key contributing countries.
Companies Covered
3D Systems
Stratasys
Materialise
Envisiontec
Formlabs
Prodways
Renishaw
Organovo
Cellink
Protolabs
Browse Full Report with TOC@ https://www.marketresearchhub.com/report/global-healthcare-3d-printing-market-2019-2024-report.html
Chapter 1: Executive summary
Chapter 2: Global healthcare 3D printing market introduction
2.1. Key questions answered in this study
2.2. Market scope and segmentation
2.3. Market definitions based on technology
2.4. Market definitions based on application
Chapter 3: Global healthcare 3D printing market - overview
3.1. Global market overview - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), geography-wise market revenue (USD Mn), and market attractiveness analysis
3.2. Global market trends
3.3. Global market drivers and challenges
3.4. Value chain analysis
3.5. Supply chain analysis
3.5. Market share analysis
Chapter 4: Global healthcare 3D printing market based on regions
4.1. North America market overview - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), market trends, and market drivers and challenges
4.2. Europe market overview - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), market trends, and market drivers and challenges
4.3. Asia-Pacific market overview - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), market trends, and market drivers and challenges
4.4. Latin America market overview - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), market trends, and market drivers and challenges
4.5. The Middle East and Africa market overview - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), market trends, and market drivers and challenges
Chapter 5: Global healthcare 3D printing market based on technology
5.1. Fused Deposition Modeling (FDM) Technology - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), key market observations, and market drivers and challenges
5.2. Selective Laser Sintering (SLS) Technology - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), key market observations, and market drivers and challenges
5.3. Material Jetting Technology - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), key market observations, and market drivers and challenges
5.4. Stereolithography (SLA) Technology - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), key market observations, and market drivers and challenges
5.5. Direct Metal Laser Sintering (DMLS) Technology - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), key market observations, and market drivers and challenges
5.6. Digital Light Processing (DLP) Technology - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), key market observations, and market drivers and challenges
5.7. Other Technology - historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), key market observations, and market drivers and challenges
Continued………..@#
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