3D Printing In Healthcare Market- By Technology , By Type , By Material , By Application , By Geography - Global Opportunity Analysis & Industry Forec
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3D Printing in Healthcare Market - Overview
3D Printing in Healthcare Market size is estimated to reach $8.6 billion by 2030, growing at a CAGR of 14% during the forecast period 2024-2030. 3D printers are utilized to produce an assortment of medical devices with complicated geometry or characteristics that match the rare anatomy of a patient. Certain instruments are printed from a standard design to prepare numerous exact copies of the identical device. Medical devices produced by 3D printing include orthopedic and cranial implants, surgical instruments, dental restorations such as crowns, and external prosthetics. The 3D Printing in Healthcare market has witnessed exponential growth, fueled by advancements in additive manufacturing technology and the increasing demand for customized healthcare solutions. ?The market is experiencing a surge in personalized medical devices tailored to individual patient needs, ranging from orthopedic implants to prosthetics, facilitated by the precise and flexible nature of 3D printing. This trend reflects a paradigm shift towards patient-centric care and improved treatment outcomes. Additionally, regulatory frameworks are evolving to accommodate the unique characteristics of 3D Printing in Healthcare, ensuring safety, efficacy, and quality standards. Regulatory bodies are actively collaborating with industry stakeholders to streamline approval processes and establish clear guidelines, fostering innovation while maintaining patient safety. As a result, the 3D Printing in Healthcare market is poised for continued expansion, with projections indicating sustained growth across various medical specialties and applications.
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Report Coverage
The report: “3D Printing in Healthcare Market Forecast (2024-2030)”, by Industry ARC, covers an in-depth analysis of the following segments of the 3D Printing in Healthcare Market.
By Type: Surgical Guides, Surgical Instruments, Prosthetics and Implants, Tissue Engineering Products, Others.
By Technology: Photopolymerization, Droplet Deposition (DD) Or Extrusion-Based Technologies, Laser Beam Melting, Electron Beam Melting (EBM), Three-Dimensional Printing (3DP) Or Adhesion Bonding.
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By Geography: North America (the U.S, Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest of The World (Middle East, Africa).
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Key Takeaways
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3D Printing in Healthcare Market Segment Analysis- By Type
The Prosthetics and Implants Segment held the largest market share of 55% in 2023. This growth is owing to the soaring application of 3d printing technology for customization of prosthetics and implants offering value addition to both patients and physicians. Customized implants have a positive effect on the time needed for surgery, patient recovery time, and the success of the implant. The surging benefits of 3D printed implants like being MRI-compatible and reduction in hazard of infections are further propelling the growth of the Prosthetics and Implants segment.
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Furthermore, the Surgical Guides segment is estimated to grow with the fastest CAGR of 15.5% during the forecast period 2024-2030 owing to the soaring application of 3d printed surgical guides based on the DICOM data which is patient-particular for the precise positioning of the implant in the bone structure in conjunction with the application of other surgical instruments.
3D Printing in Healthcare Market Segment Analysis- By Technology
The Photopolymerization Segment held the largest share attributing to 48% of the overall market in 2023 owing to the soaring application of photopolymerization across the medical industry for prosthetics, implants, dental restorations, and porous scaffolds. The advantages of photopolymerization like being solvent-free and energy-effective and the ability to be utilized for heat-sensitive substances are further propelling the growth of this segment.
Furthermore, the Three-Dimensional Printing (3DP) Or Adhesion Bonding segment is estimated to grow with the fastest CAGR of 16% during the forecast period 2024-2030 owing to the surging application of 3d printing technology attributed to its advantages like malleable design, accelerated prototyping, print on demand, robust and lightweight parts, and quick design and manufacture in conjunction with benefits of adhesion bonding like continuous bond and enhanced appearance.
3D Printing in Healthcare Market Segment Analysis- Geography
North America (3D Printing in Healthcare Market) held the largest share with 38% of the overall market in 2023. The growth of this region is owing to the existence of the U.S. which is the biggest global producer and consumer of medical devices including surgical instruments in the region. The soaring acceptance of 3D Printing in Healthcare by leading hospitals and laboratories as part of their medical practice and research endeavors are further driving the growth of the 3D Printing in Healthcare Market in this region. The accelerated incorporation of progressive technologies like artificial intelligence in 3D Printing in Healthcare is further propelling the growth of the 3D Printing in Healthcare Market in the North American region.
Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate of 17% over the forecast period 2024-2030. This growth is owing to factors like surging government initiatives and R&D Activities in the Asia-Pacific region. The increasing predominance of cardiac ailments which may involve the application of surgical instruments and the proliferating demand for progressive healthcare services are further fueling the progress of the 3D Printing in Healthcare Market in the Asia-Pacific region.
Drivers – 3D Printing in Healthcare Market
Three-dimensional (3D) printing is a more and more evolving technology with the possibility to provide considerable contributions to a surgical practice involving surgical instruments. This is a kind of manufacturing procedure in which materials like plastic or metal are collected in layers to build a 3D object from a digital model. Orthopaedics has been among the earliest medical fields to utilize 3D printing. Orthopaedic surgeons utilize it in their clinical practice for patient-particular orthopaedic uses. 3D printed models not only minimize the rate of re-operation but play an important role in surgical planning and in the coaching of apprenticed surgeons. The advantages of the application of 3D printed models to orthopaedics surgery include describing to patients or students the particulars of surgery or to practice the surgery itself. With 3D printing technology, surgeons can presently analyze patient anatomy in a more concrete manner and permit enhanced, more detailed surgical planning in comparison with the conventional 2-dimensional radiological images. Pre-operations can also be performed on plastic models which can be basic support in the placement of screws or surgical plates, to envision the ultimate result of the interference. The surging applications of 3D Printing for Orthopaedic Surgery are therefore fuelling the growth of the 3D Printing in Healthcare Market during the forecast period 2024-2030.
Bioprinters or 3D bioprinters are automatized instruments for the additive fabrication of 3D functional tissues and organs based on the digital models that are built through different scans utilizing biomaterials. These bioprinters perform on distinct mechanisms and are typically utilized for distinct purposes relying on the kind of biomaterials utilized. Tissue engineering is one of the most outstanding uses of 3D bioprinting. It permits the fabrication of complicated tissues and organs that can take the place of failed or lost tissues. Typical examples of tissues that have been bio-printed for different purposes include skin, bone and cartilage, blood vessels, and liver tissue. Drug discovery needs time-consuming and expensive procedures that demand considerable financial investment and workforce. Therefore, the development of a method to enhance the capability to predict the efficiency and toxicity of newly established medications earlier in the drug discovery procedure assists in minimizing the time and money needed. Bioprinting can manufacture 3D tissue models that look like that of native tissue and are capable of high throughput assays. Most typically, liver and tumour tissues are the fundamental focus to building tissue models for pharmaceuticals. The proliferating applications of 3d Bioprinting are driving the growth of the 3D Printing in Healthcare Market during the forecast period 2024-2030.
Challenges – 3D Printing in Healthcare Market ?
Challenge Of Sterilizing Polymers Is Hampering the Growth of the 3D Printing in Healthcare Market
It is quite concerning that medical materials are required to be sterilized frequently. Certain polymers may conform with the regulation on chemical stability or strength. However, they may collapse too soon with expanded and repetitive exposure to sterilization techniques that utilize heat. For 3D printing procedures that utilize temperature to shape polymers, requiring soaring thermal resistance means greater processing temperatures. This may need a special high-temperature printer, heated bed, and probably an enclosed build space to curb environmental conditions to avert bending and contraction. It is not simply heated that can prove challenging for sterilizing medical materials but also cleaning the housing of an instrument with a disinfectant that can deteriorate polymers over time. Eastman Chemical has been tracking polymers in medical devices and have found disinfecting polymers with solvents and other chemicals is responsible for premature failures. These issues are thus hampering the growth of the 3D Printing in Healthcare Market.
Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D Activities are key strategies adopted by players in the 3D Printing in Healthcare Market. Key companies of this market are?
Developments: