According to Nova one advisor, the global 3D Printing In Healthcare market was valued at USD 1.45 billion in 2021 and it is expected to hit around USD 6.21 billion by 2030 with a CAGR of 17.54% during the forecast period 2022 to 2030.

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Key Takeaways:

• By component type, the system segment generated 51% revenue share in 2021. However, the materials segment is registering growth at a CAGR of 21.3% over the forecast period.
• By technology, the droplet deposition segment held 29% revenue share in 2021.
• By application, the external wearable devices segment accounted 38.7% market share in 2021.
• By end user, the medical & surgical centers segment exhibited revenue share of around 45% in 2021. However, the academic institutions segment is growing at a CAGR of 21.6% between 2022 to 2030.
• By region, North America garnered highest revenue share 43% in 2021 and registering a CAGR of 19.5% from 2022 to 2030.
• Asia-Pacific is expected to grow at a CAGR of 21.8% over the forecast period 2022 to 2030.

3D printing is a process of making dimensional solid objects in healthcare industries it is also known as additive manufacturing. The creation of a 3D printed object is achieved using additive processes. In an additive process an object is created by laying down successive layers of material until the object is created. Each of these layers can be seen as a thinly sliced cross-section of the object. It is used to produce customized medical equipment and products in healthcare sectors. In addition, 3D printing technology caters to the rise in demand for personalized medical care by providing customized medical devices based on individual needs. Furthermore, it provides several advantages over traditional reconstructive surgeries by reducing the operative risks involved during complex procedures, minimizes the susceptibility to infections, and decreases the duration of anesthesia exposure.

Moreover, technological advancements in 3D printing, customization & personalization, augmented R&D investments, presence of large patient pool, and increase in biomedical applications are the major factors driving the market growth. In addition, high cost associated with 3D printing, increase in reimbursement challenges, upsurge in copyright & patent concerns, and lack of skilled labor hamper the growth of the 3D printing in healthcare market. Rise in pharmaceutical applications and availability of bioprinting tissues & organs are opportunistic for the market growth during the forecast period. In addition, heavy investments for R&D activities, rapid expansion of customer base, increase in scope of biomedical applications, and extensive R&D activities for the advancement in 3D printers at the academic and industrial level have fueled the market growth. Furthermore, collaborations between academic institutions, hospitals, and companies have supplemented the growth of the market.

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Report Scope of the 3D Printing in Healthcare Market

Report Coverage	Details
Market Size in 2022	USD 1.7 Billion
Market Size by 2030	USD 6.21 Billion
Growth Rate from 2022 to 2030	CAGR of 17.54%
Base Year	2021
Forecast Period	2022 to 2030
Segments Covered	Component, Technology, Application, End User and Geography
Companies Mentioned	Formlabs Inc., General Electric, 3D Systems Corporation, Exone Company, Materialise NV, Oxferd Performance Materials, Inc., SLM Solutions Group AG, Organovo Holdings, Inc., Proto Labs, Stratasys Ltd

 

Component Insights

By component, the global 3D printing in healthcare market is categorized into system, materials and services. The system segment dominates the 3D printing in healthcare market. Moreover, several technological advancements, such as multi-material, full color 3D printers that are solar powered & portable in nature, drive the growth of the 3D printing in healthcare market.

Technology Insights

By technology, the 3D printing in healthcare market is segmented into droplet deposition, 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, and others (color jet printing and MultiJet printing). The droplet deposition technology segment dominates the 3D printing in healthcare market, owing to its widespread use in healthcare applications and high heat & chemical endurance. However, electron beam melting would emerge as the fastest growing segment during the forecast period.

Application Insights

By application, the 3D printing in healthcare market is segmented into external wearable devices, clinical study devices, implants, and tissue engineering. The external wearable devices segment led the global market, owing to the presence of large patient pool, liberalization of regulations for 3D printers, increase in adoption of 3D printing technology in dental clinics & hospitals, and customizations. These factors are projected to boost the market growth during the forecast period.

End User Insights

By end user, the 3D printing in healthcare market is segmented into medical & surgical centers, pharmaceutical & biotechnology companies, and academic institutions. The medical & surgical centers segment held the largest market share in 2020 and is expected to remain dominant during the forecast period. Various factors driving the growth of the 3D printing in healthcare market include augmented investments in 3D printing technologies by government & private bodies, increase in collaborations between academic institutes & companies. These factors have opened avenues for the growth of the 3D printing in healthcare market.

Region Insights

North America is expected to maintain its dominance during the forecast period due to the three major countries of North America considered in the report include the U.S., Canada, and Mexico. North America is dominating the market of overall 3D printing in healthcare and expected to dominate throughout the forecast period. This is attributed to widespread adoption of 3D printing technology and numerous collaborations between academic and commercial organizations in this region. In addition, technological innovations pertaining to 3D printing, increase in funding for advancement in 3D printers for healthcare, and upsurge in patient pool in this region has contributed to its dominance. Increase in acquisition, product launch, and product approval by key players of this market operate in North America turn, fuels growth of the market.

Some of the prominent players in the 3D Printing in Healthcare Market include:

• Formlabs Inc.
• General Electric,
• 3D Systems Corporation
• Exone Company
• Materialise NV
• Oxferd Performance Materials, Inc.
• SLM Solutions Group AG
• Organovo Holdings, Inc.
• Proto Labs
• Stratasys Ltd

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global 3D Printing in Healthcare market

By Component

• System
• Materials
  • Polymers
    • Photopolymers
    • Thermoplastics
  • Metals & Alloys
  • Ceramics
  • Others
• Services

By Technology

• Droplet Deposition
  • Fused Filament Fabrication (FFF) 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
• Others
  • Color Jet Printing
  • MultiJet Printing

By Application

• External Wearable Devices
  • Hearing Aids
  • Prosthesis & Orthotics
  • Dental Products
• Clinical Study Devices
  • Drug Testing
  • Anatomical Models
• Implants
  • Surgical Guides
  • Cranio-maxillofacial Implants
  • Orthopedic Implants
• Tissue Engineering

By End User

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

Regional Segmentation

• Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America [United States, Canada, Mexico]
• South America [Brazil, Argentina, Columbia, Chile, Peru]
• Middle East & Africa [GCC, North Africa, South Africa]

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global 3D Printing In Healthcare industry analysis from 2022 to 2030 to identify the prevailing 3D Printing In Healthcare industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global 3D Printing In Healthcare industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global 3D Printing In Healthcare industry trends, key players, market segments, application areas, and market growth strategies.

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