Healthcare 3D Printing Market Forecast to Grow at CAGR of 18.3% with Support from Government and Private Investments

3D Printing (3DP) or Additive Manufacturing (AM) is used to convert a 3D model into a three dimensional object and the material used for this purpose is called 3DP material. 3D Printing has begun to flourish in various application areas in healthcare such as dental, medical, implants, drug manufacturing and so on. The materials used for these purposes vary accordingly and can range from plastics, resins, metals, to ceramics. For instance, while dental implants mostly use metals and ceramics to print dental crowns, the medical industry has its own array of bio-materials. Many such biomaterials are under research stage and are expected to be a prominent material for the 3D printing in healthcare industry.

The 3D printing in healthcare is done by various technologies which include Laser Beam Melting, Stereolithography, Electron beam melting, Photo Polymerization, Droplet Deposition, Laminated Object manufacturing and more. This report on 3D Printing in Healthcare Market analyses various applications and covers the market demand with respective regions. The report also provides a market overview for the 3D printing materials and technologies market. Overall, 3D printing in healthcare market is analyzed along various parameters such as technology, material, application and geography.

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As per IndustryARC analysis, the Global 3D Printing Materials in Healthcare Market recorded revenue of $487m in 2014, and is estimated to grow at a remarkable CAGR of 18.3% from 2015 – 2020. The high growth rate in this market is due to increasing adoption of 3D printing technologies into healthcare, including applications in Implants and Prosthetic parts, surgical guides, Hearing Aids, Tissue Engineering and many more.

Huge investments are being put into companies working in this space through various sources for research purposes due to the revolutionary number of applications and monetizing potential.  The growing population and health disorders especially in old age people have become a challenge across the world. To meet this challenge, major companies manufacturing medical devices adapting this technology to manufacture advanced devices especially that are automated. These devices are used to scan and print implants, prosthetics and so on.

Global 3D Printing in Healthcare Market, By Region, 2014 (%)

3D Printing in Healthcare Market

Source: IndustryARC Analysis, Expert Insights

Globally, Americas are estimated to hold major share of 3D printing in healthcare market, due to increased adoption of 3D printing technologies and increased investments. With respect to the global market, the US itself holds 39.7% of the entire 3D printing in healthcare market share due to presence of numerous healthcare companies, 3D printing companies and huge R&D investments. Europe is the second major market followed by APAC, together accounting for around 37% of the global 3D printing in healthcare market of 2014. Other factors affecting the growth of the market include technology innovation, efficiency and flexibility of printers and availability of good quality materials.

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Major players operating in the global 3D printing in healthcare market include Stratasys Ltd. (U.S.), 3D Systems (U.S.), Materialise NV (Belgium), EnvisionTEC GmbH (Germany) and many more. Companies like Organovo, Oxford Performance Materials, Aspect Biosystems and n3D Biosciences are the prominent players in the three-dimensional organ and tissue printing market. As per IndustryARC analysis there are more number of material and printer manufacturers compared to technology developers, whereas day by day the new entrants into this category are increasing. With the growing adaption of 3D printing especially in dental, medical and prosthetics industry the laboratory scientists showing much interest in developing tools and solutions to meet the demand. The above stated material and printer suppliers are cooperating and joining forces with research scientists and investing high amounts to develop new solutions as there is exponential growth opportunity to gain profits in the coming future.

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