USD 1124.67 million
Report ID:
SQMIG20C2025 |
Region:
Global |
Published Date: February, 2024
Pages:
207
|Tables:
64
|Figures:
75
3D Printing in Healthcare Market size was valued at USD 1124.67 million in 2019 and is poised to grow from USD 1350.73 million in 2023 to USD 5846.74 million by 2031, growing at a CAGR of 20.1% in the forecast period (2024-2031).
The method of 3D printing, also known as additive manufacturing, involves the creation of dimensionally solid things, which are mostly used in the health care sector. In order to produce 3D printed things, additive methods are used. The additive manufacturing technique involves building up layers on top of one another in order to construct an object. The layouts appear as very thinly sliced layers when seen as a cross section of the item. With the aid of this technique, customized medical tools and equipment are produced for use in the healthcare industry. A key driver of 3D printing technology growth is the fastest rising demand for individualised health care services that are given by using medical equipment that is specially made for each patient.
In addition to lowering the dangers associated with surgical treatments, this innovative technique offers several other benefits over existing conventional designs. By utilising this cutting-edge technology while carrying out the complex surgeries, the possibilities of sepsis can be greatly reduced, significantly raising the success rate. When executing complex surgical operations, this cutting-edge technology can significantly limit the amount of anaesthetic that the patient is exposed to. The usage of modern 3D printing technology comes at a considerable cost, which has significantly hampered the market's expansion.
US 3D Printing in Healthcare Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1124.67 million
Largest Segment
System
Fastest Growth
System
Growth Rate
20.1% CAGR
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Global 3D Printing in Healthcare Market is segmented based on the Component, Technology and region. Based on Component, the market is segmented into System, Materials and Services. Based on Technology, the market is segmented into Droplet Deposition, Photopolymerization, Laser Beam Melting, Electronic Beam Melting (EBM), Laminated Object Manufacturing and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
3D Printing in Healthcare Market Analysis by Component
Based on Component, the Increasing demand in the healthcare industry has caused the system segment to grow to be the largest market. The market demand for sophisticated technologies has increased as a result of the quick technological progress seen in full-color 3D printing and the usage of multiple materials. The scope for healthcare services is expanded by the fact that modern healthcare equipment is now portable and may be transported to remote locations. For the entire process to go off without a hitch and to produce the intended effects following the treatment, perfect service is essential in the healthcare industry.
3D Printing in Healthcare Market Analysis by Technology
Based on Technology, the droplet deposition market has shown to be the one with the fastest growth. The market size has increased significantly as a result of the rising demand for droplet deposition technology. One of the main draws for potential customers has emerged as the 3D printing technology's ability to withstand chemical exposure. Due to their ability to tolerate extremely high temperatures, these materials become extremely durable products on the market. The market has grown significantly as a result of rising public demand for cutting-edge technology, and it is anticipated that this trend will continue into the future.
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North America has emerged as the biggest market for this cutting-edge technology, and it is anticipated that it will hold this position during the projection period. The government-driven, quick improvements in the healthcare industry have significantly increased market size. Growing consumer understanding of the options available has also contributed to the market's ability to generate sizable profits over time. The enormous volume of surgical procedures performed in this area has also emerged as a key driver of growth for the market for 3D printing in healthcare.
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3D Printing in Healthcare Market Drivers
Rise of Novel Technologies to Bolster Demand for 3D Printing in Healthcare
3D Printing in Healthcare Market Restraints
High Cost and Lack of Access to Hinder Market Growth
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The global market for 3D printing in healthcare is quite competitive and fairly dispersed. The leading players in the sector are always putting different growth strategies into practice to keep a competitive edge. These players use innovations, mergers & acquisitions, collaborations, and partnerships to succeed in the cutthroat market. The top market players are constantly focusing on R&D to give industry the most efficient and cost-effective solutions.
3D Printing in Healthcare Market Top Player's Company Profiles
Stratasys Ltd.
EnvisionTEC GmbH
EOS GmbH Electro Optical Systems
Arcam AB
Renishaw plc
Concept Laser GmbH
Ultimaker BV
Organovo Holdings Inc.
Bio-Rad Laboratories, Inc.
Cyfuse Biomedical K.K.
Oxford Performance Materials Inc.
Carbon Inc.
Prodways Group
SLM Solutions Group AG
Rokit Healthcare
FlashForge Corporation
Mcor Technologies Ltd.
3D Printing in Healthcare Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global 3d printing in healthcare market analysis, The main reasons propelling the market expansion include improvements in 3D printing technology, customisation and personalization, increased R&D spending, the presence of a huge patient pool, and an increase in biomedical applications. The market for 3D printing in healthcare is further hindered by the high cost of the technology, rising reimbursement issues, escalating copyright and patent issues, and a lack of competent personnel. The availability of bioprinting tissues and organs as well as the increase in pharmaceutical applications present potential opportunities for the industry.
Report Metric | Details |
---|---|
Market size value in Healthcare | USD 1124.67 million |
Market size value in 2031 | USD 5846.74 million |
Growth Rate | 20.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 3D Printing in Healthcare Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 3D Printing in Healthcare Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Report ID: SQMIG20C2025