APAC Healthcare 3D Printing Market

APAC Healthcare 3D Printing Market Size (2022 to 2027)

The Asia-Pacific Healthcare 3D Printing Market size is projected to showcase a CAGR of 11.8% between 2022 to 2027.

The growing use of 3D printing technology in healthcare is assisting the market's rapid growth. Due to the wide range of 3D printing technologies in healthcare, acceptance is growing. The market for personalized additive manufacturing is strong since customizable prototypes are more comfortable for patients. Furthermore, patent expiration would result in the loss of monopolistic supremacy in the market, lower the cost of additive processing devices, and improve product quality. As a result of these trends, the market has grown. The introduction of various government-led strategies and policies and increased competition from APAC manufacturing companies have aided several countries in the region in developing a long-term AM ecosystem.

However, the expense of additive manufacturing remains strong, posing a financial barrier for emerging and underdeveloped countries alike. In addition, there is a scarcity of qualified technicians to run these devices, which has suppressed market growth. Also, the Asia-Pacific 3D printing market's growth potential is slowed by a high unemployment rate, a lack of technological knowledge of 3D printing, and a design environment that discourages experimentation.

Impact of COVID-19 on APAC Healthcare 3D Printing Market:

The Emergence of the global pandemic had affected the APAC Healthcare 3D Printing market during the first half of 2020. The 3D Printing market is expected to grow despite the negative impact created at the earlier period of 2020 due to COVID-19-specific drivers. Due to the insecurity caused in the global supply chain, companies have been forced to look at technologies that allow for remote manufacturing capabilities without large-scale investments. As a result, 3D printing becomes the response. Furthermore, the pandemic has made it more important for companies to retain digital copies/assets of data used to manufacture a component or object. In any case, the 3D printer fills the void by producing objects based on these machine sketches.

This research report on the APAC healthcare 3d printing market segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2025.

By Component:

• System/Device
• Materials
• Services

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

By End-User:

• Medical & Surgical Canters
• Pharmaceutical & Biotechnology Companies
• Academic Institutions

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

The APAC Healthcare 3D Printing Market is anticipated to register the fastest CAGR during the forecast period. Factors such as the increased importance of cloud technologies, growth in the e-learning market, rising demand for personalized goods, and increasing government initiatives, and technical innovation are majorly promoting market growth. The majority of Asia-Pacific countries are in their early stages of growth. Many people in these developing countries have untreated physical disabilities, which 3D-printed instruments may be able to cope with. As a result, for foreign firms, joining the market in these countries is extremely lucrative. As a result, this region is home to most global players in the Healthcare 3D Printing market. 3D printing has progressed from prototyping in a variety of applications to producing practical components and objects. Hearing aids, dental implants, prostheses, and contact lenses personalized to the user are all possibilities in the healthcare 3D printing market.

The China healthcare 3D printing market is forecasted to dominate the Healthcare 3D Printing Market in the APAC region in 2020 during the forecast period. China is currently the most powerful force behind 3D printing development in the Asia Pacific region due to substantial government support for the industry. China's 3D printing market is estimated to be worth billions of dollars. Behind the United States and Western Europe, it is also the world's third-largest 3D printing market.

The Indian healthcare 3D printing market is one of the fastest-growing countries in the healthcare sector over the years. The Healthcare 3D Printing market is anticipated to witness the highest share during the forecast period. Advancing technology in healthcare, improving healthcare infrastructure, and increasing investments by the government and private organizations influence market growth.

KEY MARKET PLAYERS:

Companies such as General Electric, 3D Systems, Inc., EnvisionTEC GMBH, Eos GmbH, Imaginarium, JGroup Robotics, Materialise N.V., Stratasys LTD., Nanoscribe GmbH are expected to play a leading role in the APAC healthcare 3d printing market.