The new report by Expert Market Research titled, ‘Global 3D Printing in Healthcare Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of global 3D printing in healthcare market assessing the market based on its segments like technology, material, type, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
3D Printing in Healthcare Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2023-2028)
• Historical Market Size (2021): USD 1120.5 million
• Forecast CAGR (2023-2028): 20.15%
• Forecast Market Size (2027): USD 3370.9 Million
According to technology, the electron beam melting segment is expected to account for a sizable market share in the 3D printing in healthcare sector. The use of electron beam melting technology to create customized orthopedic implants has risen, which is responsible for this rise.
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For instance, to fulfil the expanding implant demand in China, AK Medical, a major provider of orthopedic implants, deployed a troop of eight GE Additive Arcam EBM additive manufacturing machines to the country.
3D Printing in Healthcare Industry Definition and Major Segments
An emerging technology that is employed in many different industries is 3D printing. It is a form of additive manufacturing that uses computer-aided design (CAD) drawing technologies and magnetic resonance imaging (MRI) to create three-dimensional items from digital prototypes.
In the healthcare industry, 3D printing is used to digitally fabricate on-demand, low-cost medical devices, such as the production of functional human tissues and cells for use in regenerative procedures. Additionally, orthopaedic implants can also be produced via 3D printing.
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By technology, the market is divided into:
• Electron Beam Melting
• Photopolymerisation
• Droplet Deposition
• Laminated Object Manufacturing
• Others
On the basis of material, the industry can be segmented into:
• Plastic
• Ceramic
• Metal
• Others
Based on type, the market can be categorised into:
• Prosthetics
• Implant
• Hearing Aid
• Surgical Guides
• Others
Based on region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and
• Africa
3D Printing in Healthcare Market Trends
The electron beam melting technology which is predicted to contribute to a major share of the 3D printing in healthcare industry, also contributes to increased productivity and cost-effective production. These elements are anticipated to support market expansion during the anticipated period.
According to estimates, North America will account for a sizeable portion of the 3D printing market for healthcare during the forecast period. The expansion of investments in the local healthcare sector is responsible for this rise.
Additionally, the geriatric population is expanding quickly, and chronic disease occurrences are rising, which are important factors in the industry’s expansion. Additionally, it is anticipated that the rising adoption of digital solutions across industry verticals will support market expansion.
Key Market Players
The major players in the market are:
- 3D Systems, Inc.,
- The ExOne Company,
- Form labs Inc.,
- General Electric Company,
- Materialize NV, among
- others
The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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