The Global 3D Printing In Veterinary Medicine Market Size is predicted to register at an 15.8% CAGR during the forecast period for 2024-2031.
Over the course of the forecast period, an increase in the need for organ transplants is anticipated to drive expansion in the global market for 3D printed medical devices. Rising research and development spending, particularly in developed and developing nations, will further generate attractive chances for market expansion. The market is growing as a result of the research and development being done for the creation of medical devices.
Key Industry Insights & Findings from the Report:
- The ability to create personalized and customized implants, prosthetics, and surgical guides for individual animals provides a unique opportunity to enhance patient care and outcomes.
- Advances in 3D printing technology, such as faster printing speeds, higher resolution, and increased precision, contribute to the feasibility and efficiency of using 3D printing in veterinary medicine.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- Integrating 3D printing into traditional veterinary practices may require changes in workflow and mindset, which can be a barrier for some practitioners.
On the other hand, marlet is anticipated that barriers to market expansion will include high costs associated with research and development capabilities, a lack of adequate infrastructure, an uneven distribution of medical services, and a lack of awareness in developing nations.
Key Developments:
- In Nov 2022, Wimba intends to lead the personalised orthopaedic supply market by developing 3D products that help animals regain their movement. HP's industrial-grade 3D printing technology, which enables Wimba's prosthesis to work and achieve the required lightness and durability, is essential to the company's line of orthopaedic 3D printed items for animals.
- In Nov 2021, The 3D Veterinary Imaging System, introduced by Adaptix, has the potential to revolutionise dentistry and orthopaedic imaging from a clinical and cost standpoint, according to the firm. With barely any more radiation exposure than a single 2D X-ray, the system is now able to rebuild a stack of slices across the body that can be seen similarly to the coronal slices from a CT scan.
Competitive Landscape:
Some major key players in the 3D Printing in Veterinary Medicine market are:
- 3D Systems Corporation
- BTech Innovation
- Formlabs Inc.
- Med Dimensions LLC
- VET 3D
- M3D ILAB Ltd
- DiveDesign
- Adaptix
- Wimba
Market Segmentation:
The 3D printing in veterinary medicine market is segmented on the product, material type and end-use. Based on product, the market is segmented into 3D Printed Masks, 3D Printed Animal Prosthetics & Orthodontics, 3D Printed Implants, 3D Printed Anatomical Model, and Others. Based on Material Type, 3D Printing in Veterinary Medicine market is segmented into Titanium, BioMed White Resin, Plastics, and Others. Based on end-use, the 3D Printing in Veterinary Medicine market is segmented into Hospitals, Specialty Clinics and Others.
Based On Product, The 3D Printed Animal Prosthetics & Orthodontics Segment Is Accounted As A Major Contributor To The 3D Printing In Veterinary Medicine Market
Prosthetics & Orthodontics has merits over other technologies and is considered a viable alternative for surgical treatments and post-surgery recovery assistance. It is anticipated that the market will expand due to reasons such as the rising prevalence of obesity and the expanding pet population. In addition, the increased awareness of prosthetics and orthodontics among different organisations and technical improvements contribute to the expansion of the industry.
The Vertinary Hospital & Clinics Segment Witnessed Growth At A Rapid Rate
Verytinary hospitals & clinics grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. The healthcare sector is one of the many industrial verticals that are using 3D printing technology more and more. Here, medical equipment and instruments that are used in healthcare procedures and surgeries are produced using 3D printing technology. Compared to traditional manufacturing methods, 3D printing technology has more advantages.
The North American 3D Printing In Veterinary Medicine Market Hold A Significant Revenue Share In The Region
The North American 3D Printing in Veterinary Medicine market is expected to register the highest market share in revenue in the near future due to numerous key individuals and the numerous strategic efforts they have made. Additionally, it is anticipated that increased vaccination awareness and an increase in illness prevalence will encourage regional market growth. Furthermore, it is projected that strong government backing and increased R&D spending will create profitable growth prospects for the North American region. In addition, Asia Pacific is projected to grow rapidly in the global 3D Printing in Veterinary Medicine market. Monkeypox infections are arising, and research and development funds are being spent to establish preventative and therapeutic measures. As infection rates rise in countries around the Asia Pacific, including Australia, Singapore, and India, the market is expected to grow.
3D Printing In Veterinary Medicine Market Report Scope:
|
Report Attribute |
Specifications |
|
Growth rate CAGR |
CAGR of 15.8% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Product Type, Form, Source And Distributional Channel |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
3D Systems Corporation, BTech Innovation, Formlabs Inc., Med Dimensions LLC, Adaptix, VET 3D, and M3D ILAB Ltd |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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