| Status : Published | Published On : Jun, 2023 | Report Code : VRHC1064 | Industry : Healthcare | Available Format :
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Page : 250 |
Global 3D Printing Market in Healthcare – Analysis and Forecast (2023-2030)
Industry Insights by Component (Materials, Service and Software and Equipment), by Technology (Photopolymerization, Electron Beam Melting, Laser Beam Melting, Laminated Object Manufacturing, Droplet Deposition and Three-Dimensional Printing), by Type (Surgical Guides, Tissue Engineering Products, Prosthetics and Implants and Surgical Instruments) and by End User (Hospitals, Ambulatory Surgical Centers and Others), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)
Industry Overview
The 3D printing market in healthcare is rapidly expanding, driven by advancements in technology, increasing demand for personalized medicine, and the potential to improve patient outcomes. However, it is important to note that regulatory considerations, quality control, and ethical implications need to be carefully addressed to ensure the safe and effective use of 3D printing in healthcare. The global 3D market in healthcare was valued at 1.04 billion in 2022 and is anticipated to reach USD 5.79 billion in 2030, witnessing a CAGR of 19.8% during the forecast period 2023-2030. 3D printing technology produces and manufactures customized medical equipment, medical devices, prosthetics, and products. The global 3D printing market in healthcare is growing at a significant rate, due to the mounting need for implants. Different types contributed to the 3D printing market in healthcare size. The market has witnessed high demand for surgical guides over the last few years due to the mounting usage of the digitally focused process for precise surgical preparation.
Market Segmentation
Insight by Component
There are three components, materials, service, software, and equipment. Of all components, the service and software segment accounted for the largest share in the 3D printing market in healthcare, due to intensifying improvement of advanced software solutions to manufacture high-quality 3D-printed medical products and mounting support and maintenance services. In addition, the equipment segment is expected to grow at the fastest rate in the market. The component segment is further subdivided into 3D printers and 3D bioprinters. In addition, the material segment is further subdivided into bioprinting biomaterial, metal & metal alloys, plastic, and others.
Insight by Technology
On the basis of technology, the market is subdivided into photopolymerization, electron beam melting, laser beam melting, laminated object manufacturing, droplet deposition, and three-dimensional printing. Extensive usage of technology for manufacturing surgical guides, porous scaffolds, prosthetics, implants, and dental restorations system are some of the factors responsible for the growth of the photopolymerization segment. Of all the technologies, photopolymerization accounts foremost shares in the 3D printing market in healthcare.
Insight by Type
On the basis of type, the market is subdivided into surgical guides, tissue engineering products, prosthetics and implants, and surgical instruments. Mounting usage of the digitally focused process for precise surgical preparation is the factor growing the demand for surgical guides. Among all types, surgical guides accounted for the largest share of the 3D printing market in healthcare.
Insight by End User
On the basis of end user the market is subdivided into hospitals, ambulatory surgical centers and others. Among the all end users, the hospitals accounted the largest share in the 3D printing market in healthcare.
Global 3D Printing Market in Healthcare Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018–2022 |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023 - 2030 |
|
Market Size in 2022 |
$1.04 Billion |
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Revenue Forecast in 2030 |
$5.79 Billion |
|
Growth Rate |
CAGR 19.8% |
|
Segments Covered in the Report |
By Component, By Technology, By Type, By End User |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Growth Drivers
Mounting need for implants, technological improvements, mounting applications of 3D printing in the healthcare industry, mounting public-private funding, mounting awareness regarding personal care, and effortless development of customized and personalized medical products are the primary growth drivers for the 3D printing market in healthcare.
Direct digital production, expiry of key patents, mounting number of patients with dental problems and hearing loss, mounting healthcare expenditure, expanding geriatric population, and mounting need for organ transplants are also facilitating the growth of the 3D printing market in healthcare.
Customized Medical Devices: 3D printing enables the production of patient-specific medical devices and implants. It allows for the creation of prosthetics, orthotics, dental implants, hearing aids, and even surgical instruments that are tailored to the individual's unique anatomy. This customization enhances patient comfort, improves functionality, and potentially reduces complications.
Anatomical Models: 3D printing is used to create anatomical models for surgical planning and training purposes. Surgeons can have a physical replica of a patient's organ or a specific region of the body, enabling them to practice complex procedures, enhance precision, and reduce surgical risks. Medical students and trainees can also benefit from hands-on experience with these models.
Tissue and Organ Engineering: Bio-printing, a specialized form of 3D printing, allows for the creation of living tissues and even organs. Although still in the experimental stage, researchers have made progress in developing functional tissues, such as blood vessels, skin grafts, and cartilage. This technology has the potential to revolutionize organ transplantation by overcoming the shortage of donor organs.
Pharmaceutical Printing: 3D printing has the potential to transform the pharmaceutical industry by enabling the production of personalized medications. It can be used to create dosage forms with customized drug release profiles and precise dosages for individual patients. This could enhance treatment efficacy and minimize adverse effects.
Challenges
Socio-ethical concerns related to the usage of 3D-printed products, strict regulatory procedures for the approval of the 3D printed medical devices, high cost associated with advanced 3D printers, patent issues related to 3D printing, and lack of trained professionals are the major challenges to the growth of 3D printing market in healthcare.
Industry Ecosystem
Globally, manufacturing companies trying to enter the 3D printing market in healthcare are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.
Research and Development: 3D printing is widely used in medical research and development. It allows for the rapid prototyping of medical devices, enabling iterative design improvements and reducing development time. Researchers can also use 3D printing to create complex models and structures for experimental purposes.
Supply Chain Optimization: 3D printing has the potential to disrupt traditional supply chains in healthcare. Instead of relying on centralized manufacturing and distribution, medical institutions could produce certain devices or components on-site, reducing lead times and costs. This decentralized approach could be particularly beneficial in remote areas or during emergencies.
Geographic Overview
Geographically, North America is the largest 3D printer in healthcare market as in the region the demand for organ transplants is increasing. In addition, highly developed healthcare infrastructure, expanding geriatric population, mounting need for implants, technological improvements, conferences and trade, mounting number of patients with dental problems and hearing loss and government & private assets to progress innovative 3D printing technologies & applications are also up surging growth of the North American 3D printing market in healthcare.
Asia-Pacific is observed to witness fastest growth in the market, due to mounting adoption of 3D printing medical devices. In addition, establishment of novel 3D printing research, education and training centers, expanding geriatric population, improving healthcare infrastructure, mounting number of patients with dental problems and hearing loss, large population base and mounting healthcare expenditure are also creating a positive impact on the 3D printing market in healthcare growth in the region.
Competitive Insight
Key players in the 3D printing market in healthcare are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In June 2018, 3D Systems introduced DMP Flex 100 and DMP Dental 100 3D printers, to provide versatility and material for entrance level metal 3D printing and dental applications.
In addition, in February 2018, EnvisionTEC launched 3D printing orthodontic models to create clear thermoformed aligners. Stratasys Ltd., Renishaw plc, Concept Laser GmbH, EnvisionTEC GmbH, 3T RPD Ltd, Materialise NV, 3D Systems Corporation, Arcam AB, Prodways Group and EOS GmbH Electro Optical Systems are the key players offering 3D printing in healthcare.
The 3D Printing Market in Healthcare report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2023–2030.
Segments Covered in the Report
- By Component Type
- Materials
- Service and Software
- Equipment
- By Technology
- Photopolymerization
- Electron Beam Melting
- Laser Beam Melting
- Laminated Object Manufacturing
- Droplet Deposition
- Three-Dimensional Printing
- By Type
- Surgical Guides
- Tissue Engineering Products
- Prosthetics and Implants
- Surgical Instruments
- By End User
- Hospitals
- Ambulatory Surgical Centers
- Others
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Source: VynZ Research
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3D Printing Market in Healthcare