November 11, 2019
According to the latest study titled ‘Global Healthcare 3D Printing Market: Analysis By Technology (Droplet Deposition, Photopolymerization, Laser Beam, Others), By Application, By End User, By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) -- By Application (Implants, Prosthetics, Drug Screening, Tissue Engineering, Others), By End User (Hospitals, Medical and Surgical Centers, Pharma and Biotech Companies, Others)’ available with Market Study Report LLC, the global healthcare 3D printing market is estimated to grow with a CAGR of 24.17% from 2018 to 2023.
3D printing in healthcare is used for the development of new customized surgical tools. The product finds application in producing artificial devices, like prosthetics that replaces a missing body part, along with creating patient-specific replicas of organs, bones and blood vessels. Rise in adoption of 3D printed surgical tools as well as significant advancement in manufacturing of 3D printing devices for hospitals and clinics are the key factors propelling the growth of healthcare 3D printing market.
The study encompasses details about segmental shares and expansion strategies adopted by manufacturers, alongside the drivers, trends, and restraints impacting the market growth.
Based on technology type, the healthcare 3D printing market is segmented into photopolymerization, droplet deposition, laser beam, and others. As per the report, droplet deposition segment is presumed to witness momentous growth over the forecast period, owing to massive production of custom-made prosthetics, increasing number of surgical centers, and availability of new 3D printing material.
In terms of application spectrum, the industry is divided into prosthetics, implants, tissue engineering, drug screening, and others. While speaking of end-user scope, the healthcare 3D printing market is bifurcated into medical & surgical centers, hospitals, pharma & biotech companies, and others.
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Considering the geographical landscape, the healthcare 3D printing market is fragmented into regions including Europe, North America, APAC, and rest of world, with key focus on countries like, Canada, U.S., United Kingdom, Germany, Japan, India, Brazil, and China. North America registered the largest regional share in the global healthcare 3D printing market in 2018, on account of advanced healthcare infrastructure, claims the report.
The key players of healthcare 3D printing market are Stratasys, 3D System, Organovo, SLM Solutions Group AG, Materialise NV, Formlabs, and Envision TEC.
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