Global 3D Printing in Healthcare Market Share Is Expected to Grow At A CAGR Value Of Around 19.02% By 2028

12-Jul-2022 | Facts and Factors

According to Facts and Factors, The global 3D Printing in Healthcare market size was valued USD 1,174.60 million in 2021 and is predicted to increase at a CAGR of 19.02% to USD 3120.06 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

In the healthcare industry, 3D printing is becoming increasingly popular. However, the market is predicted to grow due to an increase in demand for printers with different technical features. Furthermore, a fast rising trend in the 3D printing business is the development of portable and energy-efficient 3D printers. Apart from providing flexibility to 3D-printed things, the use of this technology to anticipate mechanical and tensile strength is expected to expand its utility in novel healthcare applications. Product innovation and an increase in 3D printing applications in the healthcare industry are likely to be the main drivers of market growth. Collaborations between academic institutions, hospitals, and businesses have also aided the market's expansion. However, high printer costs, a lack of structured regulatory frameworks for 3D printer approvals, unfavourable reimbursement policies, copyright and patent infringement concerns, biocompatibility issues with 3D-printed medical devices, and a lack of technical expertise are all major roadblocks to the market's growth.

Browse the full “3D Printing in Healthcare Market Size, Share, Growth Analysis Report By Component (System, Materials, Services), By Technology (Droplet Deposition, Photo polymerization, Laser Beam Melting, Electronic Beam Melting (EBM), Laminated Object Manufacturing, Others), By Application (External Wearable Devices, Clinical Study Devices, Implants, Tissue Engineering), By End User (Medical & Surgical Centers, Pharmaceutical & Biotechnology Companies, Academic Institutions), and By Region - Global Industry Insights, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/3d-printing-in-healthcare-market

Technological improvements resulting in enhanced applications, increased demand fuelled by an increase in medical applications, and an expanding trend in customised 3D printing are the primary drivers driving the market's growth. The market's expansion is aided by technological advancements. The expanding usage of 3D printing in many applications such as transplantation, medicine delivery, 3D printed organs, and many others in the healthcare industry is one of the primary drivers in the worldwide 3D printing in healthcare market. The worldwide 3D printing in Healthcare market is also being driven by rising demand for implant customisations during surgical operations as well as rising R&D investments. Technological improvement aids in the development of new 3D-printed products, increasing the need for 3D printing in the healthcare industry.

Segmental Overview

Based on the Components, the system/device sub-segment held the majority of the market share, and it is predicted to increase at a promising rate during the forecast period. The rising usage of 3D printing technologies around the world is the primary driver of this rise. The changeover has been made easier and more successful because to technology breakthroughs in 3D printing and software. Increased R&D efforts have assured that technology evolves to meet the needs of a fast growing population of needed patients. The materials sub-segment had the second-largest market share, and it is predicted to increase at the quickest rate throughout the forecast period. The rising use of 3D technology and 3D printing has raised demand for this sub-segment, resulting in an increase in price.

Based on the End user, medical & surgical centres had the greatest market share, and this trend is likely to continue throughout the forecast period. Enhanced investments in 3D printing technology by government and private entities, as well as increased collaborations between academic institutes and corporations, are among the factors driving the growth of the 3D printing in healthcare market. These considerations have paved the way for 3D printing's expansion in the healthcare business.

Regional Overview

North America currently dominates the market and is expected to continue to do so during the forecast period. Increasing trends and developments in customised 3D printing, as well as technological advancements leading to enhanced applications, are some of the factors driving market growth in the North American region. Rising demand for customised implants during surgical procedures, combined with increased R&D investments, is also fuelling the growth of the 3D printing market. Increasing strategic initiatives are also helping to drive market growth. As a result of the foregoing factors, it is expected to drive market growth in the North American region over the forecast period.

Report Scope

Some of the major companies operating in the 3D printing in healthcare market are 3D System Corporation, Exone Company, Formlabs Inc., General Electric, Materialise NV, Oxford Performance Materials, Inc., Organovo Holdings, Inc., Proto Labs, SLM Solutions Group AG, Stratasys Ltd and among others.

The global 3D printing in healthcare market is segmented as follows:

By Component

• System
• Materials
• Services

By Technology

• Droplet Deposition
• Photo polymerization
• Laser Beam Melting
• Electronic Beam Melting (EBM)
• Laminated Object Manufacturing
• Others

By Application

• External Wearable Devices
• Clinical Study Devices
• Implants
• Tissue Engineering

By End User

• Medical & Surgical Centers
• Pharmaceutical & Biotechnology Companies
• Academic Institutions

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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