Healthcare 3D Printing Market: Segmented by Product (Syringe based, Magnetic Levitation, Laser Based, Inkjet Based), By Technology (Fused Deposition Modelling (FDM), Selective Laser Sintering (SLS), Stereolithography), By Application (Biosensors, Medical (Pharmaceuticals, Prosthetics and Implants, Tissue and Organ Generation), Dental) and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030
[170+ Pages Research Report] Healthcare 3D Printing market to surpass USD 13336.5 million by 2030 from USD 1755.5 million in 2020 at a CAGR of 22.48% in the coming years, i.e., 2021-30.
Healthcare 3D printing, also known as bioprinting, was formerly thought to be a distant dream. Nonetheless, advances in technology and long-term investments have made it a reality. Currently, 3D printers are assisting pharmaceutical companies in developing more precise drugs, enabling the rapid creation of medical implants, and altering the way surgeons and doctors plan surgical procedures. Organ replacement for human patients is one of the most obvious uses of healthcare 3D printing, but it is far from the only one. Additive manufacturing is another application of 3D printing in healthcare that is gaining traction.
Healthcare 3D Printing market is expected to project a notable CAGR of 22.48% in 2030
Healthcare 3D printing refers to a wide range of 3D printing items and services used in the healthcare industry. While 3D printing has grown in popularity in the manufacturing industry, it has also seen widespread adoption in the healthcare industry, with new applications emerging. The growing need for patient-specific implants in orthopedic, dentistry and other types of procedures is one of the major reasons contributing to this. Furthermore, higher productivity and manufacturing accuracy are two additional reasons driving market expansion.
Recent highlights in the Healthcare 3D Printing Market
Syringe based segment to grow with the highest CAGR during 2020-30
Healthcare 3D Printing market is segmented by Product into Syringe based, Magnetic levitation, Laser-based and Inkjet based. Among these the Syringe-based segment dominated the market in 2020, accounting for the bulk of market share. The widespread usage of 3D printers in the fields of bioprinting, food printing, and embedded printing is one of the major drivers affecting market demand. Because the technology is still in its early stages of adoption, demand is expected to rise in the future years as a wider audience in the healthcare industry embraces 3D printing.
Medical segment to grow with the highest CAGR during 2020-30
Healthcare 3D Printing market is segmented by Application into Biosensors, Medical, and Dental. Among these, the medical category will witness the highest revenue share during the forecast. Surgical implants, tissue scaffold printing, and cell printing are all examples of medical applications. These are some of the most important technological benefits of healthcare 3D printing, which will help the sector grow.
Increasing adoption of 3D technologies
The healthcare 3D printing industry will experience exponential development as 3D printing technologies become more widely adopted. The need for 3D technologies among fracture patients, cancer patients, and skull-based tumors will propel the healthcare 3D printing industry to grow.
Increasing R&D activities
The expansion of the healthcare 3D printing industry is mostly due to research and development efforts. The companies in the healthcare 3D printing market put a lot of money into these efforts in order to create new technologies and formulas and boost their revenues. All of these factors eventually contribute to the healthcare 3D printing market's increased growth rate.
The use of healthcare 3D printing represents a major shift in design and manufacturing technology. To extend the use of such technologies, well-trained engineers and technicians are required. Many new technologies have surpassed the capacity of the larger manufacturing workforce to adapt, and some companies have begun to struggle to find qualified workers. The influence on innovation, growth, output, and quality is substantial. The growing need for skilled labor, on the other hand, is not being fulfilled. As a result, the industry's skill shortage is well-known.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Healthcare 3D Printing market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East, and Africa. Healthcare 3D Printing market in North America held the largest market share in the year 2020. In the forecast period, the Healthcare 3D Printing market is expected to be dominated by North America. The industrial demand is primarily driven by increased regulatory support for improving quality control methods and simplifying the integration of 3D printing and traditional technologies. Additionally, institutions and manufacturers in North America have observed a higher intensity of research and development activities.
Healthcare 3D Printing Market is further segmented by region into:
Healthcare 3D Printing Market Segments:
|Market size value in 2021
|USD 2147.9 million
|Revenue forecast in 2030
|USD 13336.5 million
|CAGR of 22.48% from 2021 to 2030
|Base year for estimation
|Revenue in USD million and CAGR from 2021 to 2030
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Product, Technology, Application and Region
|North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
|Key companies profiled
|Renishaw Plc, Bio-Rad Laboratories, 3D Systems Inc., Simbionix, RegenHU Ltd., Metamason, Stratasys Ltd., Nano3D Biosciences Inc. and Other Prominent Players.
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