Press release
4D Printing in Healthcare Market | Ongoing Trends and Recent Developments | Major Key Players like 3D Systems (US), Organovo Holdings Inc. (US), Dassault Systèmes (France)
4D Printing in Healthcare and prevention methods basically aim at protecting a person from acquiring an infection from another person via microorganisms such as, virus, bacteria, fungi, etc., especially in hospitals. The market for 4D Printing in Healthcare is basically categorized into sterilization and disinfection methods. Owing to the rising aging population and increase in the number of cases of chronic diseases, the market for 4D Printing in Healthcare saw a healthy growth in the past few years.What the 4D Printing in Healthcare Market Looks Like?
Predicted to grow at a CAGR of 29.9% during the forecast period, the global 4D Printing in Healthcare market is estimated to reach USD 32 million by the end of 2026. North America is expected to dominate the 4D printing in healthcare market in 2021
Based on component, the 4D printing in healthcare market is segmented into equipment, programmable materials, and software & services. The software & services segment is expected to grow at the highest CAGR during the forecast period. Software has a diverse range of applications in additive manufacturing. 3D printing software is used for creating, designing, and assembling models required in the healthcare space. This software also inspects prototypes to ensure that the required specifications have been met. The file preparation software prepares STL and SLC files to develop the product design. Software required for 4D printing should fully support the 4D printing process. However, research on 4D printing software is limited as the 4D printing technology is still in the nascent stage.
Based on application, the 4D printing in healthcare market is segmented into medical & research models, surgical guides, and patient-specific implants. In 2021, the medical & research models segment is expected to account for the largest share of the 4D printing in healthcare market. These models can be customized as per the patient’s pathology, which will further help in delivering efficient patient care. The ability of the 4D printing technology in manufacturing smart medical models will bring significant transformation in the medical field and will support the growth of this segment in the forecast period
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What Drives the 4D Printing in Healthcare Market?
The growth of the global market for 4D Printing in Healthcare is primarily influenced by the following factors:
• Technological Advancements in 3D Printing
• Growing Demand for Organ Transplants
• 4D-Printed Medical Implants
• Applications of 4D Printing Technology in Dentistry
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Geographical growth scenario of 4D Printing in Healthcare Market:
In 2021, North America dominated the market, followed by Europe. North America is estimated to be the largest regional market for 4D printing in healthcare. This can majorly be attributed to the continuous technological advancements, growing demand for organ transplantation, efforts taken in the research & development of the 4D printing technology in the healthcare sector, and the presence of highly developed healthcare infrastructure in the region.
Leading 4D Printing in Healthcare Market players and strategies adopted:
The market is a highly diversified and competitive market, with a large number of players, including mid-tier companies and startup firms. 3D Systems (US), Organovo Holdings Inc. (US), Stratasys Ltd. (US & Israel), Dassault Systèmes (France), Materialise (Belgium), EOS GmbH Electro Optical Systems (Germany), EnvisionTEC (Germany), and Poietis (France) are some of the key players in the market.
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3D Systems Inc. (US) is one of the leading players in the 3D printing market. With a wide distribution network across the globe, 3D Systems has established itself as one of the leading players in the 3D printing market. The company’s strong focus on providing unique and highly specialized products to meet its customer needs with optimal cost and performance has helped establish itself in the market. 3D printing solutions offered by the company enable its customers to design and manufacture complex and exclusive parts and also helps them to eliminate expensive tooling.
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