Healthcare 3D Printing Market 2020 How the Business Will Grow in 2024? Prominent Players: Aprecia Pharmaceuticals, Stratasys, 3D Systems, Aspect Biosystems, BioBots, Organovo, 3D Biotek, TeVido BioDevices, Digilab and Nano3D Biosciences

The healthcare 3D printing market is anticipated to foresee notable gains up to 2024. Technological disruptions worldwide have been currently revolutionizing the ways in which a business or an industry operates. Healthcare industry is no exception to this. And in this aspect, it would be essential to mention that technological advancements in medical field and rising investment in research and development activities pertaining to 3D printing are likely to drive in the demand for healthcare 3D printing devices and solutions.

Outlined below is a brief snapshot of the fundamental and regional trends that are poised to shape the business landscape of healthcare 3D printing industry in the years to come:

Proliferating demand for syringe-based 3D printers

One of the prominent 3D printers being massively used across the healthcare sectors worldwide is the syringe-based 3D printers. The expanding proliferation is accounted to its mounting use in production of an expansive of structures used the medical field. Moreover, the demand for affordable and readily available 3D printing which enables rapid prototyping of novel ideas in the domain of medicine and healthcare is expected to further augment the demand for these components.

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It would be essential to mention that the demand for these products is gradually expanding across the economies of Europe. Speaking of which, it was observed that Europe health 3D printing market held an overall valuation of $170 million in 2017 and is estimated to reach $650 million through 2024. This growth can be ascribed to the rising usage of syringe-based printers in healthcare for realizing advanced structures.

Awareness regarding feasibility of effective solutions in U.K.

Considering the prominence of healthcare 3D printers in the European continent, it is pivotal to state that the UK healthcare 3D printing market would see a CAGR of 22.5% through 2024. The growth predominantly comes from the increasing cognizance regarding the availability of efficient solutions in the healthcare and medical field in the country.

Not only this, joint efforts by vivid industry conglomerates in the European landscape is also expected to drive in the demand for healthcare 3D printers in the continent. To illustrate, Materialise had in 2019, established a partnership with Essentium, HP, and Nikon to support adoption of 3D printing amongst the industrial manufacturers. Besides, the alliance is also likely to augment the connectivity and productivity to additive manufacturing operations.

Rising cognizance towards fused deposition modeling technology

Healthcare 3D printers have been tremendously making use of fused deposition modeling (FDM) technology owing to wide-ranging applications in healthcare and prototyping frameworks for medical tissue engineering. On top of that, extensive applications of the technology in areas such as study of clinical devices, implants, and external wearable devices would also fuel the demand for FDM technology in the healthcare 3D printing across some of the prominent economies of the world.

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To illustrate, fused deposition modeling segment across North America healthcare 3D printing market is set to account for an annual remuneration of USD 350 million by the end of 2024; primarily driven by some of the prominent technological developments going on in the advanced economies of the continent.

Advancements in healthcare 3D printing across the United States

Speaking of the stellar growth of healthcare 3D printing industry in the North American region, it is crucial to note that the United States healthcare 3D printing market is likely to acquire a business share of USD 790 million over the coming years. This can be generally credited to the elevating awareness regarding use of 3D printing in healthcare, consistent developments in technology, and growing demand for personalized implants.

Technological advancements such as 3D printable pill, 3D printed bone, and dental guides is all set to propel the growth curve of the business space in the United States. This can also be followed by the expanding healthcare expenditure in the nation, in conjugation with the strong presence of well-developed healthcare infrastructure.

Emergence of 3D printing devices and technologies in Japan

Yet another region which is touted to generate massive demands for healthcare 3D printers in the upcoming years, given the introduction of 3D printing devices and technologies in the country is Japan. Industry analysts have suggested that Japan healthcare sector is expected to generate a growth rate of 20% through 2024 across the overall healthcare 3D printing industry.

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What has stimulated the market growth numbers across the nation is the rising awareness regarding feasibility of developed solutions in the medical field, presence of enhanced and well-developed healthcare infrastructure, and a subtle growth in demand for innovative technologies.

Elevating use of 3D printers for dental applications

It has been observed that the demand for 3D printing is well acclaimed for dental applications as these are typically used for fabrication of copings, craniomaxillofacial, models for prosthodontics, orthopedic implants, and surgery and dental restoration. Across the European healthcare 3D printing market, dental segment is projected to exhibit a CAGR of 20% up to 2024; courtesy- an increment in patient preference towards affordable and customized 3D printed products on patients’ requirement.

Meanwhile, North America healthcare 3D printing market from the dental segment is poised to demonstrate the growth pace of 20% over the span of six years. This can be attributed to the burgeoning applications of 3D printing in dental segment including bridges, creation of implants, surgery and rental restorations, bridges, and crowns fabrication of copings.

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