3D Bioprinting is Fastest Growing Segment Fueling the Growth of 3D Printing in Healthcare Market
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| 3D Printing In Healthcare Market |
The global 3D Printing in
Healthcare Market 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.
3D printing, also known as
additive manufacturing, refers to processes used to create a three-dimensional
object in which successive layers of material are formed under computer control
to create an object. In healthcare, 3D printing is revolutionizing how surgical
guides and customized prosthetics are created and used.
Market Overview:
The 3D printing in healthcare
market offers benefits such as cost-effectiveness, accuracy, and reduced time
for medical treatments. 3D printed medical devices and implants provide
superior personalized treatment options without compromising mass production
capabilities.
Market key trends:
One of the major trends in the 3D
printing in healthcare market is 3D bioprinting. 3D bioprinting aims to
fabricate complex living and non-living biological substitutes or combinations
of those and will allow for the fabrication of implantable living tissues and
organ constructs. It has witnessed increasing demand due to advantages such as
increased tissue complexities, controlled cellular interaction, and rapid
vascularization.
Segment Analysis
The global 3D printing in
healthcare market is segmented by components, technology, application, and end
user.
By components, the materials
segment accounts for the largest share in the market. This is due to high
demand for high performance polymers and engineering-grade thermoplastic
materials for manufacturing 3D printed medical devices and implants.
By technology, laser beam melting
technology holds the major share as it can print items layer-by-layer from a
digital file with high accuracy and surface finish.
By application, external wearable
devices is projected to witness highest growth owing to rising applications of
3D printed prosthetics and orthotics.
By end user, medical &
surgical centers dominate as 3D printing helps create personalized medical
devices and surgical guides in less time and cost compared to traditional
manufacturing.
Key Takeaways
The Global
3D Printing in Healthcare Market Share is expected to witness high
growth, exhibiting a CAGR of 19%
over the forecast period, due to increasing demand for personalized medical
devices and implants.
Regional analysis: North America
holds the major share in the market currently owing to rapid advancements and
adoption of 3D printing technology in healthcare applications. Asia Pacific is
expected to grow at the fastest pace during the forecast period due to
increasing medical tourism and government support for bioprinting research.
Key players: 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. 3D Systems Corporation and Stratasys Ltd. capture
over 50% of the global market share due to their wide product portfolio and
strong global presence.
Get More Insights Here:
https://www.newsstatix.com/3d-printing-in-healthcare-market-share-size-forecast-outlook-2023-2030/
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