About 3D Printing for Healthcare
3D printing is becoming one of the emerging technologies in the manufacturing industry. It is changing and generating huge opportunities in the medical industry. According to the study the global medical 3D printing industry is reached around USD ~1.25 billion, and it is expecting to grow in a rapid manner in the coming years. The major segments are benefits by 3D printing are orthopedics, and dental. It is highly adopted by the United States region.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are huge number players are operating in this market, the market-leading companies are highly focusing on exploring the market in new geographic regions by adopting market growth strategies such as mergers & acquisitions, expansions, investments, and others. The market players are exploring are highly investing in the research & development market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global 3D Printing for Healthcare market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3D Systems Software (United States), EnvisionTEC (Germany), Stratasys (Israel), Materialise (Belgium), Organovo (United States), Bio-Rad Laboratories (United States), Metamason (United States), Simbionix (United States), Youbionic (United States) and Prodways (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Arcam AB (Sweden), Anatomics Pty Ltd (Australia) and Biomedical Modeling Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global 3D Printing for Healthcare market by , Application (External Wearable Devices, Clinical Study Devices, Implants and Tissue Engineering) and Region.
On the basis of geography, the market of 3D Printing for Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Systems will boost the 3D Printing for Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Laser Beam Melting will boost the 3D Printing for Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Rubber will boost the 3D Printing for Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption from the Orthopaedics, and Dental Sector and Increase Investment in Research & Development
Market Growth Drivers:
Technological Development In 3D Printing and Rising Investment from the Government and Private Sector
Challenges:
Lack of Skilled Professional and High Cost Associated with Raw Materials
Restraints:
Stringent Government Regulation for the Approval Of 3D-Printed Medical Devices
Opportunities:
Increase Awareness Towards Digital Manufacturing and Increasing Number of Patents in the 3D Printing Industry
Market Leaders and their expansionary development strategies
In February 2022, 3D Systems has acquired Kumovis, a Munich, Germany-based additive manufacturing solutions provider for personalized healthcare applications. Kumovis’ solutions are built upon their unique extrusion technology specifically developed for precision printing of medical-grade, high-performance polymers such as PEEK (polyether ether ketone). These materials are often preferred for human implants and surgical instrumentation applications, and, when combined with the Kumovis 3D printing technology, enable surgeons to deliver better, faster, and more economical patient outcomes. With this acquisition, 3D Systems will add a unique extrusion technology to its extensive polymer printing healthcare portfolio, allowing the company to expand its addressable market for personalized healthcare applications.
In Dec 2019, GE Healthcare announced the collaboration with Formlabs, CMR Surgical, and many more companies who are specializing in 3D printing. Through these initiatives, the company is aiming to expand to capabilities and enable more effective diagnosis, and others. The company revealed that in healthcare 3D printing, robotic surgery will change the healthcare industry.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, 3D Printing for Healthcare Products & Services Providers, Raw Material Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.