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3D Printing Healthcare Market Top Players 3D Systems Corporation, Exone, Formlabs, GE, Materialise NV, Oxferd Performance Materials, Organovo Holdings

07-28-2020 11:56 AM CET | Health & Medicine

Press release from: Allied Market Research

3D Printing Healthcare Market

3D Printing Healthcare Market

3D printing healthcare industry generated $972.6 million in 2018, and is expected to generate $3.69 billion by 2026, registering a CAGR of 18.2% from 2019 to 2026.

Prime determinants of growth

Surge in investments in R&D activities, technological advancements in 3D printing, rise in biomedical applications, and presence of huge patient pool drive the growth of the global 3D printing healthcare market. However, rise in reimbursement issues, scarcity of skilled labor, and high costs related to 3D printing restrain the market growth. On the other hand, surge in pharmaceutical applications and availability of bioprinting organs create new opportunities in the industry.

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The system segment to retain its leadership status during the forecast period

Based on component, the system segment accounted for the highest market share in the global 3D printing healthcare market in 2018, contributing to more than half of the total share, and is estimated to maintain its leadership status during the forecast period. This is due to rapid adoption rate, advancements in technologies, and rise in biomedical applications. However, the materials segment is expected to register fastest CAGR of 20.0% from 2019 to 2026, owing to increase in requirement for biocompatible materials and system installation.

The external wearable devices segment to maintain its dominance by 2026

Based on application, the external wearable devices segment held nearly three-fifths of the total share in terms of revenue of the global 3D printing healthcare market in 2018, and will maintain its dominance by 2026. This is due to liberalization of regulations for 3D-printed medical devices, rise in patient-specific customizations, and huge patient pool suffering from cardiovascular & bone disorders, auditory loss, and dental problems. However, the tissue engineering segment is expected to register the highest CAGR of 22.2% from 2019 to 2026, owing to rise in R&D investments, rise in scope of biomedical applications, and technological advancements.

North America to maintain its lead position during the forecast period

Based on region, North America held the largest market share, contributing for more than two-fifths of the global 3D printing healthcare market in 2018, and will maintain its lead position during the forecast period. This is attributed to technological advancements along with increase in R&D investments and collaborations with academic & commercial organizations. Moreover, Asia-Pacific would grow at the largest CAGR of 19.7% from 2019 to 2026. This is due to funding gained by various start-up companies, rise in healthcare expenditure, and presence of huge number of patients.

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Leading market players

3D Systems Corporation
Exone
Formlabs
GE
Materialise NV
Oxferd Performance Materials, Inc.
Organovo Holdings, Inc.
Proto Labs
SLM Solutions Group AG
Stratasys Ltd.

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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