North America Healthcare 3D Printing Market

North America Healthcare 3D Printing Market Size (2024 to 2029)

The size of the North American healthcare 3d printing market is estimated to be growing at a CAGR of 22.3% during the forecast period.

3D printing offers many technological advances over the conventional manufacturing process, expanding its applications in all sectors. For example, it is observed that 3D printing devices for the healthcare industry are used in tissue engineering, bioprinting, and burn-related surgeries. Such technology has made it possible for 3D printing to create layers of human skin vital for people who have suffered serious accidents and serious injuries.

One significant factor accelerating the North American healthcare 3d printing market is the growing demand for patient-specific implants in orthopedic, dental, and other surgeries. Moreover, improved productivity and higher production accuracy are other factors leading to the growth of the market.

It is observed that several hospitals have adopted such devices, which has led to increasing demand for such technologically advanced devices, optimistically affecting the market. Furthermore, the ease and convenience offered by such technology are considered to improve human health significantly, thus boosting the industry's growth.

3D printing is increasingly used to develop various parts of ventilators, which will increase the expansion of the healthcare 3D printing market in 2020. In addition, several studies are underway to understand the level impact of the coronavirus on the main organs of the body. Therefore, it can be used more and more in organ generation, further boosting the market. It is also expected that as healthcare facilities open up to non-essential surgeries and implants, safety protocols may be implemented around the method of implant production, which may have an optimistic impact on the market, both in the short and long-term prognosis period.

However, the implementation of 3D printing for the healthcare industry represents a paradigm shift in design and production technologies. Therefore, well-trained engineers and technicians are essential to expanding the use of this technology. Unfortunately, many of the innovative technologies have overtaken the adaptability of the general manufacturing workforce, and several manufacturers have started the struggle associated with finding skilled workers.

There is a significant impact on innovation, production growth, and quality. However, the growing demand for skilled labor is not being met. Thus, the talent shortage facing the industry is widely recognized.

Impact of COVID-19 on the North American healthcare 3d printing market:

The increase in COVID-19 cases worldwide has forced authorities to restrict the movement of people and goods between regions.  From large-scale organizations to small businesses have shown reduced sales. Although some areas of the healthcare industry are not affected, the demand for 3D printing for healthcare has increased. With the onset of the COVID-19 pandemic, several countries have reported a shortage of ventilators, among other equipment.

Due to bottlenecks and disrupted supply chains, the shutdown of manufacturing facilities has slightly affected the 3D printing medical devices market growth regionally in 2020.

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:

• The United States
• Canada
• Rest of North America

Geographically, the North American region is forecasted to account for a major share globally during the forecast period. The market's growth is mainly attributed to the strong base of healthcare facilities, especially hospitals and diagnostic imaging centers, and the growing base of installing 3D printers in healthcare facilities.

Some of the factors driving the growth of the United States market are the growing trends and developments in custom 3D printing and technological advancements leading to improved applications.

According to a study published in 3D printing in Medicine Journal in 2022, in the United States, during the COVID-19 2020 pandemic, 3D printed fan dividers, and adjustable flow control valves were adapted, such as the no2covid valve - ONE ventilator for use with multiple patients who have different oxygen needs. Therefore, these new creative solutions to the increasingly complex challenges of COVID-19 are driving the growth of the market.

Advances in medical 3D printing technology and the rise of medical 3D printing applications have made enormous contributions to healthcare fields.

KEY MARKET PLAYERS:

A few of the promising companies operating in the North American healthcare 3d printing market profiled in this report are 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, and EnvisionTEC.