The global 3D printing in the healthcare market is anticipated to touch USD 3692 Million by 2026, registering a CAGR above 18%, from USD 973 Million in 2019. 3D printing is a process that forms a three-dimensional object from a computer-aided design (CAD) model, mostly by successively adding material layer by layer, this is why it is also called additive manufacturing.
3D printing is used for the development of new surgical cutting and drill guides, prosthetics and the creation of patient-specific replicas of organs, bones, and blood vessels. And the recent developments in 3D printing in healthcare have led to lighter, stronger and safer products, lower costs and reduced lead times. The customized parts can be tailored to each individual which improves the understanding of patients by medical professionals and improves patient comfort level by allowing interaction with products that are designed especially for their anatomy type.
The global 3D printing in the healthcare market has witnessed significant growth in recent times due to the rapid technological advancements, an increase in investments in R&D activities, and rapid expansion of the customer base. Moreover, the increase in the scope of biomedical applications and efficient material usage is the fuelling factor in this 3D printing in the healthcare market. In addition, the use of 3D printing in the healthcare industry is expected to facilitate effective pre-operative planning, better surgeon practice, and enhanced patient outcomes.
But the high cost involved in the purchase of 3D printers, lack of quality & regulatory frameworks for 3D printers and reimbursement challenges, are the key factors that are hampering the growth of the global 3D printing in the healthcare market. Additionally, inadequate technical know-how in developing economies impedes the market boom.
Recent Developments
SLM Solutions Group AG, a manufacturer of 3D metal printers listed on the stock market and co-owner of the word mark SLM which was headquartered in Lübeck, Germany, and Divergent Technologies has executed a letter of intent to purchase next-generation AM Machines and further increase their partnership strategically.
Mr Czinger was appointed to expand and deepen the strategic partnership between the companies and the SLM Solutions Supervisory Board in June 2019.
3D Systems DDD, a company that engineers, manufactures and sells 3D printers that were headquartered in Rock Hill, South Carolina, was developing tissue and scaffold bioprinting processes for third party companies, aiming to expedite the advancements in the biomedical industries by partnering with CollPlant Biotechnologies CLGN.
Drivers and Restraints of 3D Printing in the Healthcare Market
The reduction in cost & time in the medical procedures for the transplants, surgeries and rapid expansion of the customer base is one of the primary drivers of the global 3D printing in the healthcare market. The best suitability as an alternative to animal testing with the organs made out of 3D printing technology, the customizations offered by this technology and efficient material usage are the fuelling factors of the market.
However, the stringent copyright & patent infringement systems and concerns regarding mechanical properties & biocompatibility are the challenges that are hindering the global 3D printing in the healthcare market. Also, the lack of quality, regulatory frameworks for 3D printers and the inadequate technical knowledge about 3D printing technology in developing economies like India, China, etc., are considered as the restraints of the market.
Market Segmentation of 3D Printing in the Healthcare Market
By Component
System/Device
Materials
Services
By components of 3D printing in healthcare, the system/device segment is dominating the market by accounting for more than 50% of the global 3D printing in the healthcare market in 2018. The growth of this segment is due to an increase in the adoption rate of 3D products, technological enhancements in the 3D printing systems & software, augmented investments in R&D activities for materials & methods used during 3D printing, rapid expansion in customer base, and increase in biomedical applications. However, the materials segment is anticipated to be the fastest-growing segment, owing to the increase in the adoption of 3D systems and a rise in the utilization of 3D printing technology.
By Technology
Droplet Deposition (DD)
Fused Deposition Modeling (FDM) Technology
Low-temperature Deposition Manufacturing (LDM)
Multiphase Jet Solidification (MJS)
Photopolymerization
Stereolithography (SLA)
Continuous Liquid Interface Production (CLIP)
Two-photon Polymerization (2PP)
Laser Beam Melting
Selective Laser Sintering (SLS)
Selective Laser Melting (SLM)
Direct Metal Laser Sintering (DMLS)
Electronic Beam Melting (EBM)
Laminated Object Manufacturing
By Application
External Wearable Devices
Clinical Study Devices
Implants
Tissue Engineering
From the application segmentation, the external wearable devices segment has acquired the major share of global 3D printing in the healthcare market revenue. The growth of this segment is attributed to the presence of a large patient pool, liberalization of regulations for 3D printers & materials, an increase in adoption of 3D printing technology in dental clinics & hospitals, and customizations. However, the tissue engineering segment is estimated to register a higher CAGR in the forecast period because of the substantial investment in R&D activities, increase in the scope of biomedical applications, and technological advancements of 3D printers that could be used to produce customized external wearable devices.
By End-User
Medical & Surgical Centers
Pharmaceutical & Biotechnology Companies
Academic Institutions
3D Printing in Healthcare Market Region wise analysis
North America
Europe
Asia-Pacific
South America
Middle East & Africa
In the regional analysis of 3D printing in the healthcare market, North America was the leading the market globally, since 2018. It is also expected to continue its dominance during the forecast period. The growth of the market in this region is attributed to various technological advancements, widespread adoption of the 3D printing technology in the region, an increase in research & development investments, and several collaborations between academic & commercial organizations.
Key Players of 3D Printing in Healthcare Market
3D Systems Corporation
Exone
Formlabs
GE
Materialise NV
Oxferd Performance Materials, Inc.
Organovo Holdings, Inc.
Proto Labs
SLM Solutions Group AG
Stratasys Ltd.
Aspect Biosystems
Cellink
Renishaw
Prodways
EnvisionTEC
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 3D Printing in Healthcare Market, By Component
6.1.1 System/Device
6.1.2 Materials
6.1.3 Services
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 3D Printing in Healthcare Market, By Technology
6.2.1 Droplet Deposition (DD)
6.2.2 Photopolymerization
6.2.3 Laser Beam Melting
6.2.4 Electronic Beam Melting (EBM)
6.2.5 Laminated Object Manufacturing
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 3D Printing in Healthcare Market, By Application
6.3.1 External Wearable Devices
6.3.2 Clinical Study Devices
6.3.3 Implants
6.3.4 Tissue Engineering
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 3D Printing in Healthcare Market, By End-User
6.4.1 Medical & Surgical Centers
6.4.2 Pharmaceutical & Biotechnology Companies
6.4.3 Academic Institutions
6.4.4 Market Size Estimations & Forecasts (2019-2024)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Component
7.2.3 By Technology
7.2.4 By Application
7.2.5 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Component
7.3.3 By Technology
7.3.4 By Application
7.3.5 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Technology
7.4.4 By Application
7.4.5 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Component
7.5.3 By Technology
7.5.4 By Application
7.5.5 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Component
7.6.3 By Technology
7.6.4 By Application
7.6.5 By End-User
8. Key Player Analysis
8.1 3D Systems Corporation
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Exone
8.3 Formlabs
8.4 GE
8.5 Materialise NV
8.6 Oxferd Performance Materials, Inc.
8.7 Organovo Holdings, Inc
8.8 Proto Labs
8.9 SLM Solutions Group AG
8.10 Stratasys Ltd.
8.11 Aspect Biosystems
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of by type, application, end-use,along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global 3D Printing in Healthcare Market By Region, From 2020-2025 ( USD Billion )
Global 3D Printing in Healthcare Market By Component, From 2020-2025 ( USD Billion )
Global System/Device Market By Region, From 2020-2025 ( USD Billion )
Global Materials Market By Region, From 2020-2025 ( USD Billion )
Global Services Market By Region, From 2020-2025 ( USD Billion )
Global 3D Printing in Healthcare Market By Technology, From 2020-2025 ( USD Billion )
Global Droplet Deposition (DD) Market By Region, From 2020-2025 ( USD Billion )
Global Photopolymerization Market By Region, From 2020-2025 ( USD Billion )
Global Laser Beam Melting Market By Region, From 2020-2025 ( USD Billion )
Global Electronic Beam Melting (EBM) Market By Region, From 2020-2025 ( USD Billion )
Global Laminated Object Manufacturing Market By Region, From 2020-2025 ( USD Billion )
Global 3D Printing in Healthcare Market By Application, From 2020-2025 ( USD Billion )
Global External Wearable Devices Market By Region, From 2020-2025 ( USD Billion )
Global Clinical Study Devices Market By Region, From 2020-2025 ( USD Billion )
Global Implants Market By Region, From 2020-2025 ( USD Billion )
Global Tissue Engineering Market By Region, From 2020-2025 ( USD Billion )
Global 3D Printing in Healthcare Market By End-User, From 2020-2025 ( USD Billion )
Global Medical & Surgical Centers Market By Region, From 2020-2025 ( USD Billion )
Global Pharmaceutical & Biotechnology Companies Market By Region, From 2020-2025 ( USD Billion )
Global Academic Institutions Market By Region, From 2020-2025 ( USD Billion )
