The global 3D
Printing in Healthcare market size was estimated at USD 1.45 billion in 2021 and
is expected to surpass around USD 6.21 billion by 2030 and
poised to grow at a compound annual growth rate (CAGR) of 17.54% during the forecast
period 2022 to 2030
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Key Takeaways:
3D printing
is a process of making dimensional solid objects in healthcare industries it is
also known as additive manufacturing. The creation of a 3D printed object is
achieved using additive processes. In an additive process an object is created
by laying down successive layers of material until the object is created. Each
of these layers can be seen as a thinly sliced cross-section of the object. It
is used to produce customized medical equipment and products in healthcare
sectors. In addition, 3D printing technology caters to the rise in demand for
personalized medical care by providing customized medical devices based on
individual needs. Furthermore, it provides several advantages over traditional
reconstructive surgeries by reducing the operative risks involved during
complex procedures, minimizes the susceptibility to infections, and decreases
the duration of anesthesia exposure.
Moreover, technological advancements in 3D printing,
customization & personalization, augmented R&D investments, presence of
large patient pool, and increase in biomedical applications are the major
factors driving the market growth. In addition, high cost associated with 3D
printing, increase in reimbursement challenges, upsurge in copyright &
patent concerns, and lack of skilled labor hamper the growth of the 3D printing
in healthcare market. Rise in pharmaceutical applications and availability of
bioprinting tissues & organs are opportunistic for the market growth during
the forecast period. In addition, heavy investments for R&D activities,
rapid expansion of customer base, increase in scope of biomedical applications,
and extensive R&D activities for the advancement in 3D printers at the
academic and industrial level have fueled the market growth. Furthermore,
collaborations between academic institutions, hospitals, and companies have
supplemented the growth of the market.
Report Scope of the 3D Printing in
Healthcare Market
|
Report Coverage |
Details |
|
Market Size in 2022 |
USD 1.7 Billion |
|
Market Size by 2030 |
USD 6.21 Billion |
|
Growth Rate from 2022 to 2030 |
CAGR of 17.54% |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2030 |
|
Segments Covered |
Component, Technology, Application, End User and Geography |
|
Companies Mentioned |
Formlabs Inc., General Electric, 3D Systems Corporation,
Exone Company, Materialise NV, Oxferd Performance Materials, Inc., SLM
Solutions Group AG, Organovo Holdings, Inc., Proto Labs, Stratasys Ltd |
Component Insights
By component, the global 3D printing in healthcare market is
categorized into system, materials and services. The system segment dominates
the 3D printing in healthcare market. Moreover, several technological
advancements, such as multi-material, full color 3D printers that are solar
powered & portable in nature, drive the growth of the 3D printing in
healthcare market.
Technology Insights
By technology, the 3D printing in healthcare market is
segmented into droplet deposition, photopolymerization (stereolithography
(SLA), continuous liquid interface production (clip), two-photon polymerization
(2pp)), laser beam melting (selective laser sintering (SLS), selective laser
melting (SLM), direct metal laser sintering (DMLS), electronic beam melting
(EBM), laminated object manufacturing, and others (color jet printing and
MultiJet printing). The droplet deposition technology segment dominates the 3D
printing in healthcare market, owing to its widespread use in healthcare
applications and high heat & chemical endurance. However, electron beam
melting would emerge as the fastest growing segment during the forecast period.
Application Insights
By application, the 3D printing in healthcare market is
segmented into external wearable devices, clinical study devices, implants, and
tissue engineering. The external wearable devices segment led the global
market, owing to the presence of large patient pool, liberalization of
regulations for 3D printers, increase in adoption of 3D printing technology in
dental clinics & hospitals, and customizations. These factors are projected
to boost the market growth during the forecast period.
End User Insights
By end user, the 3D printing in healthcare market is
segmented into medical & surgical centers, pharmaceutical &
biotechnology companies, and academic institutions. The medical & surgical
centers segment held the largest market share in 2020 and is expected to remain
dominant during the forecast period. Various factors driving the growth of the
3D printing in healthcare market include augmented investments in 3D printing
technologies by government & private bodies, increase in collaborations
between academic institutes & companies. These factors have opened avenues
for the growth of the 3D printing in healthcare market.
Region Insights
North America is expected to maintain its dominance during
the forecast period due to the three major countries of North America
considered in the report include the U.S., Canada, and Mexico. North America is
dominating the market of overall 3D printing in healthcare and expected to
dominate throughout the forecast period. This is attributed to widespread
adoption of 3D printing technology and numerous collaborations between academic
and commercial organizations in this region. In addition, technological innovations
pertaining to 3D printing, increase in funding for advancement in 3D printers
for healthcare, and upsurge in patient pool in this region has contributed to
its dominance. Increase in acquisition, product launch, and product approval by
key players of this market operate in North America turn, fuels growth of the
market.
Some of
the prominent players in the 3D Printing in Healthcare Market include:
Segments
Covered in the Report
This report
forecasts revenue growth at global, regional, and country levels and provides
an analysis of the latest industry trends in each of the sub-segments from 2017
to 2030. For this study, Nova one advisor, Inc. has segmented the global 3D
Printing in Healthcare market
By Component
By Technology
By Application
By End User
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
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