3D printing also known as additive manufacturing is a process of making three dimensional solid objects from a CAD model or a digital 3D model. The term "3D printing" can refer to a variety of processes in which material is deposited, joined or solidified under computer control to create a three-dimensional object, with material such as plastics, liquids or powder grains being fused and added together, typically layer by layer. 3D printing has been practiced in a wide range of healthcare settings including, but not limited to cardiology, neurosurgery, oral & maxillofacial surgery, ophthalmology, orthopedic surgery, and transplant surgery. The customization of the medical products for individuals is one of the most notable features of this technology in biomedical applications. Fabrication of complex designs of implants, prosthesis, surgical aids and models is another advantage of 3D printing in medical applications.
The global 3D printing in healthcare market is mainly driven by growing application of 3D printing in healthcare industry, technological advancements, rising trend of personalized medicine and growing public & private investments. Growing demand for development of customized implants and medical products is also playing a pivotal role in contributing to the market growth globally. However, lack of skilled professionals and socio-ethical concerns related to use of 3D printed products are likely to restrain the market growth to a certain extent.
The global 3D printing in healthcare market has been analyzed from four perspectives: Offering, Technology, Application and Region.
Based on offering, the market has been segmented into instruments & materials, software and services. The instruments & materials segment accounted for the largest share in the market owing to rising adoption of advanced 3D printing technology in healthcare industry across various applications. This adoption further led to increase in demand for materials for formation of 3D models thereby propelling the growth of the segment in the market.
Based on technology, the 3D printing in healthcare market has been segmented into laser beam melting, photopolymerization, droplet deposition (DD), electronic beam melting (EBM), laminated object manufacturing and others. The photopolymerization technology segment holds the largest share in the market owing to its widespread application in medical modeling which enables the creation of accurate 3D models of various anatomical regions of the patient, based on data from computer scans.
Based on application, the 3D printing in healthcare market has been segmented into medical implants, prosthetics, wearable devices, tissue engineering and others. The medical implants segment holds the largest share in the market owing to rising adoption of 3D printing in orthopedic, cranial and dental implants as per the patient condition and requirement.
Based on region, the global 3D printing in healthcare market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America dominated the 3D printing in healthcare market, followed by Asia Pacific. The large share of North America in the global market can largely be attributed to its developed healthcare infrastructure, rapid adoption of advanced 3D printing technologies in healthcare settings, presence of key prominent players and several initiatives by government bodies & prominent players.
The 3D printing in healthcare market is marked by presence of prominent players such as 3D Systems, Inc., ENVISIONTEC, INC., GENERAL ELECTRIC, Stratasys Ltd., EOS, Materialise, 3T Additive Manufacturing Ltd., PRODWAYS, Renishaw plc., and Biomedical Modeling Inc. Other players operating in the market are Carbon, Inc., SLM Solutions, Organovo Holdings Inc, Anatomics Pty Ltd, among others.
• In Feb 2021, The Apollo Hospitals and Anatomiz3D Medtech collaborated to design and make hospital 3D-printing labs in India that would enable doctors to visualize and print implants for complicated surgical cases
• In Jan 2021, Italian 3D printing service bureau ZARE announced the acquisition of majority stake in the dental additive manufacturing specialist Proxera
• In Dec 2020, Solvay announced its partnership with medical 3D-printing bureau PrinterPrezz with an aim to advance selective laser sintering technology for the fabrication of implants and other medical devices
• In Jul 2020, Nexa3D and Henkel partnered to develop and launch xMED412, a polypropylene-like SLA 3D printing material that is ideal for manufacturing a variety of biocompatible, medical devices and athletic wearables
• In May 2020, Evonik became the first company in the world to launch a 3D-printable PEEK (polyether ether ketone) filament as an implant-grade material for medical applications
• Quantitative (market size and forecasts) and qualitative insights of the market across years - historical years, current year and forecasted years
• Deep-rooted insights on headwinds, tailwinds and opportunities prevailing in the market
• Quantitative (market size and forecasts) and qualitative insights at segment and sub-segment level
• Comprehensive quantitative (market size and forecasts) and qualitative insights on geographic, regional and country level markets
• Granular insights on the competitive landscape prevailing in the market
• Competitive mapping of strategic developments
|Market Size Period||2018-2031|
|Market Segments||Asessment of 3D Printing in Healthcare Market By:
|Geographic Scope||• North America
◦ Rest of Europe (RoE)
• Asia Pacific
◦ Rest of Asia Pacific (RoAPAC)
• Rest of the World
◦ Latin America
◦ Middle East & Africa
|Companies Covered||3D Systems, Inc., ENVISIONTEC, INC., GENERAL ELECTRIC, Stratasys Ltd., EOS, Materialise, 3T Additive Manufacturing Ltd., PRODWAYS, Renishaw plc., and Biomedical Modeling Inc., Carbon, Inc., SLM Solutions, Organovo Holdings Inc, Anatomics Pty Ltd, among others.|
1 RESEARCH ENVELOPE
1.1 Market Classification
1.2 Scope of the Study
1.2.1 Timeline Considered for Market Study
· Historic Years – 2018 & 2019
· Base Year – 2020
· Projected Years – 2021 to 2031
1.3 Currency Used in the Report
2 RESEARCH METHODOLOGY
2.1 Research Approach
2.2 Data Collection Methodology
2.3 Data Sources
2.3.1 Secondary Sources
2.3.2 Primary Sources
2.4 Market Crackdown Methodology
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Data Forecasting Model
2.6 Limitations and Assumptions for Study
3 HEADWINDS & TAILWINDS ASSESSMENT
4 MARKET OPPORTUNITIES ASSESSMENT
5 PREMIUM INSIGHTS
5.1 Key Market Trends
5.2 Key Players & Their Competitive Positioning (2020)
5.3 COVID-19 Impact Assessment
5.4 Technological Advancements
6 GLOBAL 3D PRINTING IN HEALTHCARE MARKET - ANALYSIS & FORECAST, BY OFFERING
6.1 Instruments & Materials
7 GLOBAL 3D PRINTING IN HEALTHCARE MARKET - ANALYSIS & FORECAST, BY TECHNOLOGY
7.1 Laser Beam Melting
7.3 Droplet Deposition (DD)
7.4 Electronic Beam Melting (EBM)
7.5 Laminated Object Manufacturing
8 GLOBAL 3D PRINTING IN HEALTHCARE MARKET - ANALYSIS & FORECAST, BY APPLICATION
8.1 Medical Implants
8.3 Wearable Devices
8.4 Tissue Engineering
9 GLOBAL 3D PRINTING IN HEALTHCARE MARKET - ANALYSIS & FORECAST, BY REGION
9.1 North America 3D Printing in Healthcare Market
9.1.1 North America 3D Printing in Healthcare Market, By Country
9.1.2 North America 3D Printing in Healthcare Market, By Offering
9.1.3 North America 3D Printing in Healthcare Market, By Technology
9.1.4 North America 3D Printing in Healthcare Market, By Application
9.2 Europe 3D Printing in Healthcare Market
9.2.1 Europe 3D Printing in Healthcare Market, By Country/Region
22.214.171.124 Rest of Europe (ROE)
9.2.2 Europe 3D Printing in Healthcare Market, By Offering
9.2.3 Europe 3D Printing in Healthcare Market, By Technology
9.2.4 Europe 3D Printing in Healthcare Market, By Application
9.3 Asia Pacific 3D Printing in Healthcare Market
9.3.1 Asia Pacific 3D Printing in Healthcare Market, By Country/Region
126.96.36.199 Rest of Asia Pacific (RoAPAC)
9.3.2 Asia Pacific 3D Printing in Healthcare Market, By Offering
9.3.3 Asia Pacific 3D Printing in Healthcare Market, By Technology
9.3.4 Asia Pacific 3D Printing in Healthcare Market, By Application
9.4 Rest of the World (RoW) 3D Printing in Healthcare Market
9.4.1 Rest of the World 3D Printing in Healthcare Market, By Region
188.8.131.52 Latin America
184.108.40.206 Middle East & Africa
9.4.2 Rest of The World 3D Printing in Healthcare Market, By Offering
9.4.3 Rest of The World 3D Printing in Healthcare Market, By Technology
9.4.4 Rest of The World 3D Printing in Healthcare Market, By Application
10 COMPANY PROFILES
10.1 3D Systems, Inc.
10.1.1 Business Overview
10.1.2 Financial Metrics*
10.1.3 Product & Services Portfolio
10.1.4 Key Developments
10.2 ENVISIONTEC, INC.
10.3 GENERAL ELECTRIC
10.4 Stratasys Ltd.
10.7 3T Additive Manufacturing Ltd.
10.9 Renishaw plc.
10.10 Biomedical Modeling Inc.
*Insights on financial metrics is subject to availability of information in the public domain
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