Industry Background:
The medical industry is known to be most advanced in terms of technology in the way which new treatments and methods have been developed. There has been constant innovation in the healthcare industry. One way in which the medical industry has been improved and enhanced is through the use of 3d printers. 3D printing in healthcare makes it possible for medical professionals to provide patients with different ways for the patient’s treatment. Health 3d printing is also known as bioprinting, is a technology used for the development of new surgical cutting and drilling guides, prosthetics as well as re-creation (replica) of patient bone, organ, and blood vessels. It primarily produces product prototypes that process a physical object from a three-dimensional digital model, typically lays down many thin layers of material in succession.
According to AMA Research, the market for Healthcare 3D Printing is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Ease in Development of Customized Healthcare Product
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Technology sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Aprecia Pharmaceuticals (United States), Aspect Biosystems (Canada), Bio 3D Technologies (Singapore), BioBots (United States), Cyfuse Biomedical (Japan), Envision TEC (United States), Luxexcel (United States), Materialise NV (Belgium), Nano3D Biosciences (United States), Oceanz (Netherland), Organovo Holdings (United States), regenHU (Switzerland), Renishaw (United Kingdom), Solidscape (United States), Stratasys (Isreal) and TeVido BioDevices (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2017, 3D Systems (US) acquired Vertex-Global Holding B.V. (Netherlands), a provider of dental materials worldwide, which offers products (photopolymer, thermoplastic, polymer, and monomer materials) under the Vertex and NextDent brand for traditional and 3D printing dental applications.
In September 2018, EOS GmbH (Germany) launched EOS M 300-4 metal 3D printer. The printer features 4 lasers that offer variable laser power sources, from 4 × 400, to a mixed set-up of 2 × 400 and 2 × 1,000, up to 4 × 1,000 Watt laser power. Additionally, In January 2016, Dr. Dana Piasecki, an orthopedic surgeon from North Carolina, U.S., made use of 3D printed metal tools for the reconstruction of anterior cruciate ligament (ACL) over the standard surgical technique, which significantly improved the success rate of the surgery. 3D printer provides a platform for creation along with the freedom of manufacturing and designing objects as per user specifications. For instance, if a user needs to design a product using 3D printing, then a feasibility check can be done to decide whether to implement the idea or try a different design.
Influencing Trend:
Technology Advancement and Innovation in Health Care 3D Printing
Market Growth Drivers:
Ease in Development of Customized Healthcare Product, Reduction of Manufacturing Cost and Process Downtime and Funding and Investment for the Modernization of Healthcare Facilities
Challenges:
Lack of Skilled Professionals
Restraints:
Stringent Government Rules and Regulations for 3D Printed Medical Device Approval
Opportunities:
Rapid Growth in Industrialization in Emerging Countries and Emergence of 4.0 Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Healthcare 3D Printing Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Healthcare 3D Printing Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Healthcare 3D Printing players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Healthcare 3D Printing Study Sheds Light on
The Healthcare 3D Printing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Healthcare 3D Printing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Healthcare 3D Printing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.