The medical industry is known for being the most advanced in terms of developing new treatments and approaches. Not to mention the technologies that power all of this. There has been no shortage of miracles, and this trend is expected to continue. Now, 3D printing in healthcare is on the horizon.
The deployment includes installation services, consultancy solutions, and client support, as well as resolving copyright, licencing, and patenting issues. Manufacturers gain from 3D printing in terms of prototyping, structural and final product design, modelling, and time to market. As a result, manufacturing costs have decreased significantly, allowing manufacturers to provide better products at more competitive pricing. As a result of these advantages, demand for 3D printers is likely to increase in the future years.
Market Overview:
The 3D printing in healthcare market was valued at $1,036.58 million in 2020 and is expected to reach $5,846.74 million by 2030, growing at a CAGR of 20.10 percent between 2021 and 2030. 3D printing, also known as additive manufacturing, is a technology used in the healthcare industry to create three-dimensional solid things. The production of a 3D printed object is accomplished through the use of additive processes. An object is built in an additive technique by laying down successive layers of material until the object is complete. Each of these levels is a thinly sliced cross-section of the object. It is utilised in the healthcare sector to manufacture personalised medical equipment and products.
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Global 3D Printing Healthcare Market: Top Key Players
3D Systems Corporations
Stratasys
SLM Solutions Group
EnvisionTEC
Arcam AB
Organovo Holdings
Oxford Performance Materials
Materialise NV
Bio3D Technologies
Cyfuse Medical K.K
Global 3D Printing Healthcare Market: By Types
Droplet Deposition (DD)
Photopolymerization
Laser Beam melting
Electronic Beam Melting (EBM)
Laminated Object Manufacturing
Global 3D Printing Healthcare Market: By Applications
External wearable devices
Clinical study devices
Implants
Tissue engineering
Region segment review
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.
Covid-19 Impact:
The COVID-19 epidemic has had a tremendous influence on the world economy and, as a result, the 3D printing sector. Initially, Europe and Asia Pacific were among the worst-affected regions in terms of COVID-19 patients worldwide. Furthermore, the situation in the United States deteriorated. Because of the virus’s rapid spread, governments ordered the entire closure of some vital cities. The entire shutdown had an impact on 3D printing manufacturers’ production. This is due to a manpower shortage and the entire breakdown of the country’s logistics and supply chain. The 3D printing production standstill had a negative influence on overall market growth in the first and second quarters of 2018.
The following are the study’s objectives:
To provide a thorough examination of the 3D Printing Healthcare Market by Component, Technology, Application, End User, and Region.
to provide thorough information on market growth factors (drivers, restraints, opportunities, and industry-specific restraints)
To assess and forecast micromarkets as well as the overall market
To forecast market size in key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Product launches, technological breakthroughs, mergers and expansions must be recorded and evaluated in order to create a competitive landscape map.
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About Us:
The healthcare industry is surely facing disruptions with global economies giving high importance to individual health. In this scenario, we expect our clients to get deep insights to power their innovations in the right direction. We have been keeping a close watch on the changes and modifications happening in the healthcare domain. As per our understanding, these alterations are active and unexampled.