According to the report published by IndustryARC titled “3D Printing in Healthcare Market: By Technology (Laser Beam Melting (LBM), Electron Beam Melting (EBM), Photo Polymerization, Droplet Deposition, Laminated Object Manufacturing, Wax Deposition Modeling, Bio Printing), By Type (Selective Laser Sintering (SLS), Thermal Inkjet Printing (TIJ), Fused Deposition Modeling (FDM), Stereo Lithography (SLA), Binder Jetting (BJ), Material Jetting), By Material (Donor Cells, Plastics, Photopolymers, Metals, Ceramics, Bone Cement, Polylactic Acid (PLA), Others), By Application (Prosthetics, Surgical Implants, Hearing Aids, Dental Implants, Tissue Engineering, Drug Screening, Surgical Guides, Medical Components, Others), By Geography - Forecast(2018-2023),”the market to reach $2388.52m by 2025.
Browse 77 Market Tables, and 178 Figures spread through 112 Pages and go through an in-depth TOC on “3D Printing in Healthcare Market”
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According to a recent study from IndustryARC, the 3D printing in Healthcare market is forecast to reach $2388.52m by 2025 and is estimated to grow at a CAGR of 18.8%. The 3D printing technology functions to solve the designing problem and create quick prototyping models, and increased cost efficiency. 3D printing is gaining prominence in the healthcare market as it enhances the ability of clinicians to work with highly customized products and treatments. The 3D print technology used in healthcare is superior to the conventional technology and the rising deployment of technology in medical applications such as transplantation, drug delivery, and 3D printed organs are driving the demand for 3d printing in healthcare sector. Further, the growing number of manufacturing companies competing in 3D printing technology in medical devices used for customization during implant in surgical procedures are also accelerating the global 3D printing in the healthcare market.
By materials, 3D printing in healthcare market are segmented into plastics, metals, ceramics, donor cells, bone cement, and biomaterials etc. The technological innovations in measurement and biomedical sector, with respect to personalized prosthetics, bio-printing and tissue engineering, pharmacology, surgical implants, and dental implants have plunged the growth of 3D printing in the healthcare market globally. The laminated object manufacturing (LOM) is considered as the most widely used 3D printing technology. It is the most popular, fastest and affordable method used in healthcare to create 3D prototypes. The laminated object manufacturing technology is expected to grow at a CAGR of 15.9% to reach $312.42m by 2025.
The Americas held a major market share in global 3D printing in healthcare market, with a revenue of $526.8m in 2018, and it is expected to grow with a CAGR of 15.7%. U.S. is majorly contributing towards to the development and increasing share in Americas market. In Americas regions, the Stereo lithography (SLA) is a leading technology majorly adopted in 3D printing market. With the improvement of a variety of processes in 3D printing technology in healthcare, SLA has continued to surpass its initial application in modeling and prototyping. The technology is capable to design highly complex and individually designed geometrics.
In February 2018, Johnson & Johnson announced the launch of 3D bio print center of excellence. This new facility is established due to collaboration between the medical device and pharmaceutical giant, AMBER (Advanced Materials and Bioengineering Research) and Johnson & Johnson. The Centre is expected to be operational by the mid-2019 and the facility will carry out various orthopedics research projects. The experts believe that the rapid development in 3D printing technology has raised high hopes in healthcare industry, and is expected to continue significant progress during the forecast period.
Major Players in this market Include
- Hewlett Packard
- Medical Molding Inc.
- Proto Labs
- 3D Systems
- SLM Solutions
- Nano Dimension
Manufacturers of 3d printing devices have utilized mergers and acquisitions as well as new product launches as a strategy and enhanced core competencies through additions to product portfolio to gain a foothold in the emerging markets.
The end-user applications covered in the 3D printing in Healthcare Market report include:
- Tissue Engineering
- Medical Components
- Drug Screening
- Organ Printing
- Medical Transplantation
The overall 3D printing in healthcare market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.
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