The 3D printing in healthcare is estimated to be valued at US$ 2.21 Bn in 2023 and is expected to exhibit a CAGR of 19% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
3D printing in healthcare is used for various applications such as organ manufacturing, medical implants, tissue engineering, surgical guides, and drug testing. It allows rapid manufacturing of customized medical products using digital model data. 3D printed products provide high customization and are used for complex surgeries.
Market Dynamics:
The global 3D printing in healthcare market is expected to grow owing to increasing demand for organ transplant and tissue engineering applications. According to the National Kidney Foundation, every day 13 people die in the U.S. while waiting for an organ transplant due to shortage of donated organs. 3D bioprinting can help address this issue by developing living human organs for transplantation using a patient's own cells. Another factor fueling market growth is increasing R&D investments by key players for development of advanced 3D printing technologies and materials. However, high costs associated with 3D printing equipment and bioinks along with regulatory issues for clinical use can hinder market growth over the forecast period.
SWOT Analysis
Strength: 3D Printing in Healthcare has several advantages over traditional manufacturing methods. It provides solutions for customized medical devices and implants with intricate internal structures which would be difficult with conventional methods. It reduces wastage and improves efficiency of production processes. 3D printing technology enables mass production of personalized medical products in a cost effective manner.
Weakness: High initial investment requirement for 3D printing equipment and technical expertise is a challenge, especially for small players. Regulatory compliance and certification requirements for medical devices delay commercialization.
Opportunity: Growing demand for customized prosthetics and implants from aging population presents significant growth opportunity. Adoption of 3D bioprinting of biological tissues and organs will accelerate with ongoing research and development in the area.
Threats: Issues regarding biocompatibility and accuracy of 3D printed medical products increase liability risk. Intense competition from other advanced manufacturing technologies can impact future market potential.
Key Takeaways
The Global 3D Printing in Healthcare Market Share is expected to witness high growth, exhibiting CAGR of 19% over the forecast period, due to increasing demand for customized medical products and parts. Advancements in 3D bioprinting technology aimed at printing functional human tissues and organs will further drive the market during the forecast period.
Regional analysis
North America is expected to dominate the global 3D printing in healthcare market during the forecast period. This is attributed to presence of major market players and growing funding for industrial and academic research in the region. Asia Pacific region is expected witness highest growth rate supported rising medical tourism, increasing healthcare expenditure and growing geriatric population in the region.
Key players operating in the 3D Printing in Healthcare market are 3D Systems Corporation, Exone Company, Formlabs Inc., General Electric (GE Additive), Materialise NV, Organovo Holdings, Inc., Oxford Performance Materials Inc., Proto Labs, Inc., Stratasys Ltd., SLM Solutions Group AG, and among others. The key players are focusing on new product launches and strategic collaborations to gain competitive advantage in the market.
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According to the new market research report by IndustryARC titled “3D Printing in Healthcare Market: By Technology (LBM, EBM, stereolithography, Others); By Material (Donor Cells, Plastics, Metals, Ceramics, Others); By Application (Implants, Tissue Engineering, Others); By Geography - (2018-2023)”, the market is driven by the rising demand and possible subsidies from governments as part of research grants.Americas held the largest market share in the 3D Healthcare Market:The American region holds the largest market share in 3D printing Healthcare Market and is anticipated to reach $1.12 billion by 2023 at a CAGR of 15.9%.
This is mainly due to increased adoption of 3D printing technologies and increased investments.
However, Asia Pacific projects major growth and is anticipated to reach $423.06 million by 2023 at a CAGR of 23.5%.To access the full report browse the link below:https://industryarc.com/Report/1268/3D-printing-in-healthcare-market-analysis.htmlSelected Value Chain Analysis done in the full report:3DP MaterialsThe typical steps contributing to the total value of 3D Printing Market, as far as Healthcare is concerned, are categorized into the following: Inbound Logistics, Manufacturing, Outbound Logistics and Marketing & Sales.
Inbound Logistics involves sourcing of raw materials, that is, plastics, metals, biological cells, ceramics and others from local suppliers.3D PrintersThe main steps involved in the value chain of 3D printers in the industry are categorized as following: procurement of raw materials, printer manufacturing, supplier and distributor and end user.Excerpts on Market Growth FactorsIn Healthcare, 3D Printing Market is mainly driven by the developments of 3D technology in the healthcare sector and increasing investments in R from new entrants and innovation besides other factors such as growing population and health disorders across the regions.3D printing biomaterials is expected to reach $1.3 billion by 2023 at a CAGR of 19.10%.Key players of the analysis Report:The key players related to 3D printing in healthcare in this region include 3D Systems, Inc; Stratasys Ltd; Nano3D Biosciences, Inc; Corbel 3D and many more.Related Reports:A.
Dental Implants and Prosthetics Markethttps://industryarc.com/Report/10635/dental-implants-prosthetics-market.htmlB.
Medical Ceramics Markethttps://industryarc.com/Report/15159/medical-ceramics-market.htmlWhat can you expect from the report?The 3D printing Industry Report is Prepared with the Main Agenda to Cover the following 20 points:1.Market Size by Product Categories2.New trends3.Manufacturer Landscape4.Distributor Landscape5.Pricing Analysis6.Top 10 End user AnalysisAnd moreAny other major customizations can be discussed with our team, we can provide a separate quote based on your requirement.
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The major manufacturers covered in this reportBio-Rad LaboratoriesEnvisionTECMaterialise NVStratasys Inc.OrganovoSOLSSimbionixMetamasonRegenHU Ltd.YoubionicBio3D Technologies Pte Ltd3D Matters Pte Ltd.3D Systems Corporation (3DS)Ekso BionicsRoche PharmaceuticalsRenishaw plc.Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North America (United States, Canada and Mexico)Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)Asia Pacific (China, Japan, India, Southeast Asia and Australia)Latin America (Brazil, Argentina and Colombia)Middle East and Africa On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into ExtrusionPhoto-polymerizationLaser Beam MeltingOthers By Application, the market can be split into Medical DevicesBio-printingOthers The Report covers in-depth analysis as follows: Chapter 1 Overview of 3D Printing in HealthcareChapter 2 Global Market Status and Forecast by RegionsChapter 3 Global Market Status and Forecast by TypesChapter 4 Global Market Status and Forecast by Downstream IndustryChapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter 7 Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter 8 Latin America Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter 10 Market Driving Factor Analysis of 3D Printing in HealthcareChapter 11 3D Printing in Healthcare Market Competition Status by Major ManufacturersChapter 12 3D Printing in Healthcare Major Manufacturers Introduction and Market DataChapter 13 Upstream and Downstream Market Analysis of 3D Printing in HealthcareChapter 14 Cost and Gross Margin Analysis of 3D Printing in HealthcareChapter 15 Report ConclusionChapter 16 Research Methodology and Reference Buy this report@ https://www.upmarketresearch.com/buy/3d-printing-in-healthcare-market “Global 3D Printing in Healthcare Market Industry Analysis and Forecast 2018-2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.
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