Healthcare Additive Manufacturing Market Size is valued at USD 7.31 Bn in 2022 and is predicted to reach USD 30.25 Bn by the year 2031 at a 17.3% CAGR during the forecast period for 2023-2031.
Healthcare additive manufacturing generates artificial human tissues, organs, and other medicinal structures using CAD software and additive manufacturing techniques. The demand for individualized care is fueling the expansion of the medical customization market. It is hoped that new technology, such as 3D printing, will make it cheaper to manufacture intricate medical supplies. The healthcare additive manufacturing market is anticipated to develop due to rising demand and unmet needs brought on by increased procedures and hospitalizations.
In addition, his additive manufacturing has several medical applications, including creating novel orthopaedic devices, fabricating individualized maxillofacial prostheses, and completing dental implants. Biomedical modelling and organ printing are two more fields that have taken notice of the technique. The shortage of trained workers is also slowing the expansion of the additive manufacturing industry in the healthcare sector.
Companies involved in the healthcare additive manufacturing market can anticipate substantial development prospects due to an increase in 3D usage printing in the healthcare sector. It drives expansion globally and is expected to boost market expansion in the coming years. Furthermore, increasing R&D activities and investments by prominent players are expected to create lucrative growth opportunities in revenue for players operating in the global healthcare additive manufacturing market over the forecast period.
Competitive Landscape
Some Major Key Players In The Healthcare Additive Manufacturing Market:
- 3D Systems, Inc.
- EnvisionTEC
- RegenHU; Allevi, Inc.
- EOS GmbH
- Materialise N.V
- Stratasys Ltd.
- Nanoscribe GmbH
- GPI Prototype
- Manufacturing Services LLC
- 3T Additive Manufacturing Ltd.
- Fathom Manufacturing
- General Electric
Recent Developments:
- In April 2023, Stratasys effectively enhanced the production volumes and profitability of additive manufacturing with the implementation of its latest software, GrabCAD Print Pro. The GrabCAD Print programme managed the print preparation procedure for Stratasys 3D printers. The newly developed Pro version was specifically tailored to cater to manufacturers' requirements to optimise the production of end-use components and transition towards larger-scale manufacturing capacities. The primary objective of its design was to enhance the precision of printed parts, minimise material wastage, and decrease the time required for part production.
Market Segmentation
The healthcare additive manufacturing market is segmented based on Technology, Application and Material. Based on technology outlook, stereolithography, deposition modelling, electron beam melting, laser sintering, laminated object manufacturing, and others. As per the application, the market is segmented into medical implants, prosthetics, wearable devices, tissue engineering, and dental. By material, metals & alloys, steel, titanium, polymers, nylon, glass-filled polyamide, epoxy resins, photopolymers, plastics, biological cells and others.
Based On The Technology Outlook, The Laser Sintering Healthcare Additive Manufacturing Devices Segment Is Accounted As A Major Contributor To The Healthcare Additive Manufacturing Market
The multifocal lenses healthcare additive manufacturing category is estimated to hold a major global market share in 2022. It is attributed to laser sintering because Laser sintering is a cutting-edge manufacturing method that welds together individual layers of material with the help of lasers. Practically speaking, LS is the method of choice for snap fittings, live hinges, and other mechanical couplings. The introduction of cutting-edge hardware, software, and materials has opened up this industry to a far larger number of biotech companies. It doesn't need any help getting an object together, and it can crank out numerous parts simultaneously.
The Medical Implants Segment Witnessed Growth At A Rapid Rate
The medical implants segment is projected to grow rapidly in the global healthcare additive manufacturing market. The growing elderly population drives up demand for joint replacement procedures. Spinal implants and other trauma-related products are in high demand, and the need for healthcare additive treatment, especially in countries such as the US, Germany, the UK, China, and India.
In The Region, The North American Healthcare Additive Manufacturing Market Holds A Significant Revenue Share
The North American healthcare additive manufacturing market is expected to record the maximum market share in revenue in the near future. It can be attributed to the rising elderly population, innovation in medical equipment design and the helpful rules set forth by the government. In addition, the presence of key market competitors and improvements in medical technology fuel expansion in the region's industries.
Also, Asia Pacific is projected to grow rapidly in the global healthcare additive manufacturing market because of the proliferation of the elderly population and their disposable income, low-cost generic alternatives, better healthcare facilities and growing financial support from the business and medical communities.
Healthcare Additive Manufacturing Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 7.31 Bn |
|
Revenue Forecast In 2031 |
USD 30.25 Bn |
|
Growth Rate CAGR |
CAGR of 17.3% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Technology, By Application, By Material |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
3D Systems, Inc., EnvisionTEC, RegenHU; Allevi, Inc., EOS GmbH, Materialise N.V, Stratasys Ltd., Nanoscribe GmbH, GPI Prototype, Manufacturing Services, LLC, 3T Additive Manufacturing Ltd., Fathom Manufacturing, General Electric Company. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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