3D Printing in Healthcare Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030

3D printing, also called as additive manufacturing refers to a process used for making three-dimensional (3D) solid objects using a 3D digital model. With the rising advancement and adoption of 3D printing, the technology is expected to become prominent in the healthcare industry. 3D printing can be used to make implantable and non-implantable medical objects with high precision. 3D printing offers higher accuracy and faster output as compared to the traditional manufacturing process. This makes 3D printing clean, fast and efficient manufacturing process with minimal wastage of raw materials. Some of the most popular technologies used in healthcare 3D printing include polyjet, fused deposition modeling (FDM), selective laser sintering (SLS) and stereolithography (SLA) among others.

The most significant factor fueling the market growth is the high precision and efficiency of 3D printing process over traditional manufacturing. 3D printing of human/animal tissues helps reducing the need for repetitive experimentation and testing of drugs and medical devices. Thus, medical devices produced using 3D printing are reliable and hence improves the overall medical treatment. In addition, since the manufacturing process is based upon a digital model, the products are easier to customize and manufacture. Subsequently, the 3D printing market is estimated to register exponential growth worldwide in the coming years. Nevertheless, major factor hindering the market growth is the high initial cost especially in the case of individual user. The software tools required for 3D printing too are costly making the overall process inflated. In addition, 3D printing requires skilled labor which becomes a challenge for the industry growth.

The report titled Global 3D Printing in Healthcare Market - Growth, Share, Opportunities and Competitive Analysis, 2022 - 2030; offers strategic insights into the global healthcare 3D printing market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on technology types and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading 3D printer manufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are 3D Systems, Inc., Stratasys Ltd., Materialise NV, Shapeways B.V., Arcam AB, Solidscape, Inc., Optomec, Inc. and others. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the healthcare 3D printing industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2020 - 2021)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global healthcare 3D printing market, offering market size and estimates for the period from 2022 to 2030, keeping in mind the above mentioned factors.

3D Printing in Healthcare Market By technology

The 3D printing market comprises large number of technologies for different applications. PolyJet, stereolithography (SL) and fused deposition modelling (FDM) are among the most popular technologies used for healthcare 3D printing. Amongst these, polyjet 3D printing segment accounts for the largest share, in terms of revenue, in the global healthcare 3D printing market. The PolyJet technology segment is followed by the FDM technology.

PolyJet technology offers high precision and smooth surfaces on the finished product. This eliminates any need for repetitive experiments thereby enabling better and faster treatment. Moreover, PolyJet 3D printing is faster as compared to various other technologies. As a result, the segment is estimated to retain its dominant position in the healthcare sector throughout the forecast period.

3D Printing in Healthcare Market By Geography

As of 2020, the 3D printing market worldwide is dominated by the North America region. The North America segment contributes to more than one third of the total revenue generated worldwide, as of 2020. The region experiences strong penetration of 3D printing technology across various applications. Additionally, the region enjoys presence of large number of players thereby supporting the market growth. Several dental as well as medical organizations are already using 3D printing technology in their treatment. Due to strong potential and benefits of 3D printing, the Food & Drug Administration (FDA) has already begun investing on further research in order to gain better understanding of the technology. In August 2021, the FDA approved the first drug produced using 3D printing technology. As a result of the ongoing investment on 3D printing technology, North America is estimated to retain its dominant position in the market throughout the forecast period.

The Asia Pacific region is expected to register the highest growth in the coming years. The market growth here is mainly supported by China and Japan having strong adoption rate of 3D printing technology. These countries have already started investing on the technology for research and development of healthcare products. Similarly, strong market growth is expected from the Middle East region, majorly due to their high expenditure over healthcare technologies.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of 3D Printing in Healthcare market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the 3D Printing in Healthcare market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Technology

• Polyjet
• Stereolithography (SL)
• Fused Deposition Modelling (FDM)
• Electron Beam Melting
• Selective Laser Sintering (SLS)
• Others

Upcoming Application

• Custom Dentistry
• Titanium Implants
• Presurgery Models
• Drug Manufacturing
• Biocompatible Products
• Others

Key Questions Answered in this Report

• What are the key micro and macro environmental factors that are impacting the growth of 3D Printing in Healthcare market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the 3D Printing in Healthcare market?
• Which is the largest regional market for 3D Printing in Healthcare market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving 3D Printing in Healthcare market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the 3D Printing in Healthcare market worldwide?

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