3D Bioprinting is Fastest Growing Segment Fueling the Growth of 3D Printing in Healthcare Market

 

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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