3D Printing In Healthcare Market Insights And Forecast Report 2024 - Size, Share, Growth, Trends, Key Players And Forecast To 2033

The 3d printing in healthcare market size has grown rapidly in recent years. It will grow from $1.73 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The growth in the historic period can be attributed to medical imaging advancements, customization for patient care, regulatory approval and standards, rising chronic diseases, increasing healthcare expenditure.

The 3d printing in healthcare market size is expected to see rapid growth in the next few years. It will grow to $4.24 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to emergence of bioprinting, telehealth and remote medicine, increasing aging population, government initiatives and funding, patient education and engagement. Major trends in the forecast period include bioprinting advancements, personalized implant manufacturing, integration of artificial intelligence (ai), development of 3d-printed pharmaceuticals, application in dental prosthetics and orthodontics.

Market Overview -
3D printing in healthcare refers to a method that involves producing a three-dimensional object in successive three-dimensional layers based on a digital design tailored for the healthcare sector. It is used to make 3D design and printing technologies to develop patient-specific medical devices, anatomical models, and surgical tools.

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Growing Emphasis On Government Funding For 3D printing Is Anticipated To Fuel The 3D Printing In Healthcare Market Growth
The increasing government funding for 3D printing is expected to propel the growth of 3D printing in the healthcare market going forward. Government initiatives refer to specific actions, programs, or policies undertaken by a government at the local, regional, or national level to address a particular issue, achieve specific goals, or promote the well-being of its citizens and the overall development of the country. Government funding in 3D printing revolutionizes the old design process and helps in developing a new formula to optimize individual patient therapy. For instance, in in April 2022, according to the Hamburg News, a Germany-based platform that provides information about the latest developments, and trends in and around the Hamburg metropolitan region, The University Hospital Hamburg-Eppendorf (UKE) secured €2 million ($2.13 million) from the European Union's REACT-EU program for two investigative research projects. These projects focus on the use of 3D printing and artificial intelligence to create medications and implants. Therefore, the increasing government funding for 3D printing is driving 3D printing in healthcare market.

Competitive Landscape -
Major companies operating in the 3d printing in healthcare market report are General Electric Company, Hewlett-Packard Company, Stratasys Ltd., EOS GmbH - Electro Optical Systems, 3D Systems Corporation, Proto Labs Inc., Formlabs Inc., Materialise NV, Ultimaker BV, SLM Solutions Group AG, Arcam AB, The ExOne Company, EnvisionTEC GmbH, Concept Laser GmbH, MedPrin Regenerative Medical Technologies Co. Ltd., Medical Molding Inc. , Nanoscribe GmbH & Co. KG, Oxford Performance Materials Inc. , Aspect Biosystems Ltd., FlashForge Corporation, Cyfuse Biomedical K.K., Mcor Technologies Ltd., Anatomics Pty. Ltd. , Organovo Holdings Inc , 3D Bioprinting Solutions , Allevi Inc.

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