The healthcare 3D printing market will observe considerable expansion with the influx of novel technologies and the rise in the number of R&D investments.
The healthcare 3D printing market will observe considerable expansion with the influx of novel technologies and the rise in the number of R&D investments. There is an increasing preference by patients to opt for personalized implants considering their ease of availability.
3D printing applications are extensively employed in individualized transplants to aid prosthetic joints for shoulders, jaws, and knees. This has paved the way for effective additive manufacturing technologies and an inclining requirement for healthcare 3D printing services and products. For instance, 3D Systems, in 2017, introduced a scalable, modular, and fully integrated additive manufacturing process to cater to the durability and requirements of the production environment in the dental industry.
On this note, a recent report by Global Market Insights Inc. states that the global healthcare 3D printing market size is anticipated to be worth more than USD 2.2 billion with regard to annual estimation by 2024.
Key trends contributing to the expansion of healthcare 3D printing market include:
Diverse uses of 3D printing in healthcare
The value of magnetic levitation products in the healthcare 3D printing market is pegged to grow at 22.6% in the next few years. This can be owed to their high adoption across activities like vascular smooth muscle bioprinting, human cell generation, toxicity screening, as well as associated drug response management.
The industry share of healthcare 3D printing solutions from the fused deposition modeling (FDM) technology segment was responsible for close to USD 244.5 million in 2017. This is owing to the jump in the number of individuals diagnosed with bone & dental disorders, as well as auditory damages. Besides, the FDM technology is relatively less priced and finds wide usage in healthcare as well as in prototyping scaffolds to offer medical tissue engineering.
Demand for biosensors and individualized implants
Biosensor applications contributed to 19.7% of the overall healthcare 3D printing market share in 2017 and will grow at a commendable rate through 2024. The influx of technological advancements and increasing research activities on biosensors has paved the way for enhanced devices. Citing an example, biosensors have been developed to measure the significant biological signs of pre-and post-surgeries.
India registered 13.7% of the overall industry share in 2017 on account of the rising need for 3D printed products. There is also a higher demand for individualized implants in the country. The surge in the instances of road accidents could also add positive impetus to the regional product penetration.
To access sample pages of this report titled, “Healthcare 3D Printing Market Size By Product (Syringe Based, Magnetic Levitation, Laser Based, Inkjet Based), By Technology (Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Other), By Application (Biosensors, Medical {Pharmaceutical, Prosthetics and Implants, Tissue and Organ Generation}, Dental), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/1997
Increasing demand across the U.S.
The demand for healthcare 3D printing solutions in the U.S. is anticipated to grow at 21% over the coming years considering the rise in R&D investments. There is also a higher need for 3D printing across wide-ranging clinical applications across the country. Furthermore, there is a strong presence of some leading healthcare 3d printing market participants in the U.S. that are constantly coming up with technological developments with the help of acquisitions, and collaborations.
For instance, Stratasys partnered with the U.K. based Manufacturing Technology Centre in order to employ additive manufacturing as a catalyst in its technologies. The firm, in March 2017, also introduced a 3D printing solution, J700 Dental, for use in the production of aligner clear molds.
Technological advancements to drive innovations
Solution providers in healthcare 3D printing are indulging in strategic collaborations to sustain market competition specifically in the current COVID-19 pandemic. For instance, in January 2021, Italy-based 3D printing service company, Zare, acquired a major stake in Proxera, a dental additive manufacturing specialist.
Aprecia Pharmaceuticals, 3D Bioprinting Solutions, BioBots, Cyfuse Biomedical, Aspect Biosystems, TeVido BioDevices, Envision TEC, Solidscape, Nano3D Biosciences, are some other well-known healthcare 3D printing companies. Furthermore, these firms are also working towards technological progressions to launch healthcare 3D printing devices.
Higher costs of materials used in 3D printing and the dearth of trained professionals may negatively influence the industry forecast to some extent. In fact, the price of plastic feed materials employed in 3D printing ranges from USD 60 to USD 425 per kilogram.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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