Healthcare Additive Manufacturing Market Size to Surpass US$ 9.87 BN by 2030

The global healthcare additive manufacturing market size is projected to surpass around US$ 9.87 billion by 2030 from valued at US$ 1.65 billion in 2021, growing at a CAGR of 22% from 2021 to 2030.

The burgeoning demand and the unmet medical needs in the healthcare industry coupled with the growing number of surgeries and rapidly rising prevalence of various chronic diseases among the population is expected to drive the demand for the healthcare additive manufacturing in the forthcoming period. The rising need for customization of products such as dental prosthetics, orthopedic implants, organs, and tissues is fueling the growth of the global healthcare additive manufacturing market.

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The technological advancements in the additive manufacturing have facilitated the manufacturing of the difficult and complex design medical products at low costs. The additive manufacturing offers quick making of prototype using 3D computer aided design (CAD), which helps in eliminating extra costs and time that was previously associated with the process. The rising prevalence of various diseases and the growing geriatric population is driving the demand for the various implants, which is a major factor that is expected to augment the growth of the global healthcare additive manufacturing market.

Report Scope of the Healthcare Additive Manufacturing Market

Report Highlights:

• Based on the technology, the laser sintering technology accounted for a revenue share of over 31.5% and dominated the global healthcare additive manufacturing market in 2020. This technology is extensively used as it can produce numerous pieces at a time. This saves time and cost associated.

• By material, the polymer segment contributed for over 55% of the revenue share and dominated the healthcare additive manufacturing market in 2020. Polymer is extensively used in the healthcare industry for manufacturing various products such as prosthetic limbs, medical instruments, and various accessories. The adaptability and synthetic versatility associated with the polymer materials is a major factors behind its burgeoning demand in the additive manufacturing industry. Furthermore, the huge adoption of the polymers for creating different models for the education purposes in the medical sector has propelled its growth across the globe.

• On the basis of application, the medical implant segment dominated the market in 2020. This is attributed to the increased demand for the medical implants owing to the rising number of orthopedic surgeries. The rising prevalence of orthopedic disorders coupled to the growing geriatric population is a major factor that has boosted the demand for the medical implants across the globe. The increased demand for the medical implants has significantly contributed towards the growth of the healthcare additive manufacturing market.

• North America was the leading healthcare additive manufacturing market with a market share of over 36% in 2020. North America is the home to several top market players like 3D Systems, Inc., GE Additive, and Stratasys Ltd., who are heavily investing in the research and development for the introduction of new and innovative devices in the healthcare space. Furthermore, the increased prevalence of various chronic diseases, high healthcare expenditure, high demand for medical implants, and increased healthcare expenditure are some of the major factors that has fostered the North America healthcare additive manufacturing market growth.

• Asia Pacific is projected to be the most lucrative market during the forecast period. This growth is attributed to the rapidly emerging economies like China and India that are fueling the demand for the healthcare devices and advanced medical facilities to cater to the rapidly surging number of patients in the region. The growing number of dental disorders and rising demand for the dental implants is expected to drive the market growth in the foreseeable future. The rising cases of arthritis and rapidly growing geriatric population in the region is estimated to have a positive impact on the market growth.

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Future of Healthcare Additive Manufacturing Market

The integration of the latest technologies has huge potential to offer personalized and complex medical parts at a low cost. 3D printing is expected to be the latest manufacturing technology in the globe. This 3D printing technology can provide low cost methods of manufacturing the customized and complex medical parts that is expected to drive the growth of the global healthcare additive manufacturing market in the upcoming future.

COVID-19 Impact Analysis:

• The COVID-19 pandemic had created a pressure on the supply of the critical items needed in emergency, which has accelerated the additive manufacturing market.
• The additive manufacturing has provided an alternative way of manufacturing the desired healthcare products during the COVID-19 pandemic, which had a positive impact on the market.

Key Developments in the Marketplace:

• In October 2018, 3D Systems, Inc. and AmannGirrbach collaborated with each other for the expansion of the 3D systems portfolio.

Segments Covered in the Report

By Technology

• Stereolithography
• Deposition Modeling
• Electron Beam Melting
• Laser Sintering
• Jetting Technology
• Laminated Object Manufacturing
• Others

By Material

• Metals & Alloys
• Polymers
• Biological Cells
• Others

By Application

• Medical Implants
• Prosthetics
• Wearable Devices
• Tissue Engineering
• Others

By Geography

• North America
• Europe
• Asia Pacific

• LAMEA

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