USD 6.27 billion
Healthcare Additive Manufacturing Market Size, Share, Growth Analysis, By Technology(Stereolithography, Deposition Modelling, Electron Beam Melting, Laser Sintering), By Application(Medical Implants, Prosthetics, Wearable Devices, Tissue Engineering), By Material(Metals and Alloys, Polymers, Biological Cells, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2615 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
98
|Figures:
76
Healthcare Additive Manufacturing Market Insights
Global Healthcare Additive Manufacturing Market size was valued at USD 6.27 billion in 2022 and is poised to grow from USD 7.4 billion in 2023 to USD 28.02 billion by 2031, at a CAGR of 18.1% during the forecast period (2024-2031).
The market is expanding as a result of rising demand for personalized medical products like implants and the introduction of new technologies for producing a range of goods with straightforward and intricate patterns. The next industrial technological advancement is being hailed as the ability to produce intricate and personalized medical parts and components, such as tissues, organs, dental prosthesis, and orthopedic and cranial implants. Through the projected period, the market expansion is anticipated to be aided by the high demand and unmet requirements throughout the healthcare industry, which have been found as a result of a rise in surgeries and the occurrence of chronic illnesses.
The COVID-19 pandemic caused a decline in market expansion in the first half of 2020, but the market recovered well in the latter part of the year and generated a number of items needed to combat coronavirus, which helped the market thrive. Complex designs that are difficult or impractically expensive to build with conventional machinery, molds, milling, and dies may now be produced thanks to additive manufacturing.
It also makes a substantial contribution to fast prototyping, enabling a workflow that is more dynamic and design-driven. Additionally, it quickly produces prototypes utilizing 3D CAD since it does away with the labor-intensive process and high costs associated with conventional prototyping. Many different types of materials, including polymer compounds, metal alloys, and living cells, are used in additive manufacturing. Polymers & metal alloys are the most often used materials because they are strong, non-corrosive, and biocompatible.
Polymers are extensively used to create prosthetic limbs, surgical devices, and other equipment. Metals and alloys are widely used in spinal implantation and surgical implants. The COVID-19 pandemic originally hindered market growth due to the economic downturn, problems with supply chains, and government-issued advisories to stay at home so as to prevent the sickness. But creating the medical products required to stop the coronavirus helped the market.
US Healthcare Additive Manufacturing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Metals and Alloys
Fastest Growth
Metals and Alloys
Growth Rate
18.1% CAGR
Global Healthcare Additive Manufacturing Market ($ Bn)
Country Share for North America Region (%)
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Healthcare Additive Manufacturing Market Segmental Analysis
The global healthcare additive manufacturing market is segmented in terms of technology, application, material, and region. Based on technology, the market is segmented Stereolithography, Deposition Modeling, Electron Beam Melting, Laser Sintering, Jetting Technology, Laminated Object Manufacturing, and Others. Based on application, the market is segmented into Medical Implants, Prosthetics, Wearable Devices, Tissue Engineering, Dental, and Others. Based on Material the market is segmented into Metals and Alloys, Polymers, Biological Cells, Others. Based on region the global Healthcare Additive Manufacturing Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Technology
The market was dominated by the laser sintering sector, which contributed 30.4% of total revenue in 2023. A cutting-edge technique called laser sintering combines layers of material into the finished product. LS is a practical application for mechanical couplings including snap fixtures, live hinges, as well as other mechanical joints. The innovative equipment, software, & materials that have made this science accessible to a variety of biotechnology companies are the primary drivers of this market. It doesn't need help to form an item and can produce numerous pieces at once.
The grouping predicted to experience a compound annual growth rate of 20.4% during the forecast period is deposition modeling. A variety of thermoplastics, including rigid, translucent, and elastomer polymers, can be used to create products thanks to this technique. This is reducing the lead time and accelerating the prototyping process. To create required medical items, it can construct them on demand and uses a wide range of materials. Additionally, the technique is cost-effective and yields high-quality, accurate medical goods.
Analysis by Application
In 2023, the dentistry industry had the highest revenue share at 34.1%. Due to the strong position that 3D printing dentistry has taken in today's dental products and the coupling of cutting-edge 3D printing technology with a potential footprint, this category will continue to hold its position during the forecast period. A few of the elements driving demand for and acceptance of dental 3D printers are the design and development of cutting-edge goods like invisible aligners, the use of improved fabrication to create an aesthetic look, and better delivery location.
The wearable devices market had the second-highest revenue share at 23.6%. This is brought on by the increased popularity of fitness trackers and wristbands for tracking personal health. For the management of diseases and the monitoring of patients, technologically improved items are also being used more frequently. They contribute to lowering healthcare costs and raising patient care quality.
Global Healthcare Additive Manufacturing Market By Material
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Healthcare Additive Manufacturing Market Regional Insights
North America dominated the medical additive production market in 2023 with a 38.1% revenue share. The key forces behind regional expansion in the United States and Canada are the rise in the older population, considerable spending power, solid government backing for excellent healthcare, and attractive reimbursement standards.
Asia Pacific is expected to grow the fastest, with a CAGR of 19.4% over the course of the forecast. The increased prevalence of arthritis, lower costs, a competent workforce, a quickly evolving healthcare infrastructure, positive economic growth, and a substantial population pool's unmet medical requirements are all expected to boost the regional market. Dental 3D printing is also quite popular because more people are receiving dental implants.
Global Healthcare Additive Manufacturing Market By Geography
- Largest
- Fastest
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Healthcare Additive Manufacturing Market Dynamics
Drivers
Advancements in Technology
- The healthcare additive manufacturing market is driven by continuous advancements in additive manufacturing technologies, such as 3D printing. These technologies enable the production of complex and customized medical devices, implants, and anatomical models, leading to improved patient outcomes and personalized healthcare solutions.
Restraints
High Initial Costs
- Implementing additive manufacturing technologies in healthcare requires significant upfront investments in equipment, software, and personnel training. These initial costs can be a barrier to adoption, especially for small-scale healthcare providers or facilities with limited budgets.
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Healthcare Additive Manufacturing Market Competitive Landscape
Key companies use mergers, acquisitions, and alliances as strategies to keep their market share. For instance, Stratasys said the J3 DentaJet 3D printer would go on sale in February 2023. With the help of this printer, dental laboratories may quickly manufacture very precise mixed uses for a single tray. Additionally, in November 2021, Stratasys joined forces with RICOH 3D for Health to use its 3D printing technology to offer hospitals and additional medical professionals’ patient-specific anatomic models.
Top Player’s Company Profiles
- GE Additive
- EOS GmbH
- Stryker Corporation
- Johnson & Johnson
- EnvisionTEC
- Organovo Holdings Inc.
- Renishaw plc
- HP Inc.
- Carbon, Inc.
- Formlabs Inc.
- Medtronic plc
- Siemens Healthineers
- Zimmer Biomet Holdings Inc.
- Align Technology Inc.
- Concept Laser GmbH (a GE Additive company)
- Desktop Metal Inc.
- Ultimaker B.V.
Recent Developments
- In February, 2022, A deal with Munich, Germany-based Kumovis, a provider of additive manufacturing solutions for personalized healthcare applications, was announced by 3D Systems.
- In August 2022, Agreement was reached for Stratasys to buy the additive manufacturing materials division of Covestro. With the support of a sizable IP portfolio, Stratasys expands its unique material options for stereolithography, DLP, and powders.
Healthcare Additive Manufacturing Key Market Trends
- Increasing Adoption of Metal Additive Manufacturing: There is a growing trend of adopting metal additive manufacturing technologies in the healthcare sector. Metal 3D printing allows for the production of implants, prosthetics, and surgical instruments with excellent mechanical properties and biocompatibility. This trend is driven by advancements in metal 3D printing technologies and the increasing demand for patient-specific implants.
- Focus on Bioprinting and Tissue Engineering: Bioprinting, a specialized form of additive manufacturing, is gaining traction in the healthcare industry. It involves the layer-by-layer deposition of living cells and biomaterials to create functional tissues and organs. The potential applications of bioprinting include tissue engineering, drug testing, and personalized medicine. The market is witnessing increased research and development activities in the field of bioprinting.
- Collaboration between Industry and Healthcare Institutions: Collaboration between additive manufacturing companies and healthcare institutions is on the rise. Additive manufacturing companies are partnering with hospitals, research institutions, and universities to develop and test new applications of 3D printing in healthcare. These collaborations help in the development of innovative medical devices, surgical planning tools, and customized implants.
- Integration of Artificial Intelligence (AI) and Machine Learning (ML): The integration of AI and ML technologies with additive manufacturing is a significant trend in the healthcare sector. AI and ML algorithms are being used to optimize design processes, enhance material selection, improve manufacturing efficiency, and enable predictive maintenance in additive manufacturing systems. These technologies have the potential to revolutionize the additive manufacturing workflow and drive further advancements in the field.
Healthcare Additive Manufacturing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global healthcare additive manufacturing market analysis, the rising demand for personalized medical products like implants and the introduction of new technologies for producing a range of goods with straightforward and intricate patterns are the key growth drivers. The next industrial technological advancement is being hailed as the ability to produce intricate and personalized medical parts and components, such as tissues, organs, dental prosthesis, and orthopedic and cranial implants. Through the projected period, the market expansion is anticipated to be aided by the high demand and unmet requirements throughout the healthcare industry, which have been found as a result of a rise in surgeries and the occurrence of chronic illnesses.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.27 billion |
| Market size value in 2031 | USD 28.02 billion |
| Growth Rate | 18.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Healthcare Additive Manufacturing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Healthcare Additive Manufacturing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Healthcare Additive Manufacturing 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 Healthcare Additive Manufacturing 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Healthcare Additive Manufacturing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Healthcare Additive Manufacturing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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