August 04, 2020
According to the report titled ‘Global Healthcare 3D Printing Market: Analysis By Technology, By Application, By End User, By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) -- By Application, By End User , available with Market Study Report, global healthcare 3D printing market is projected showcase a hefty CAGR of 24.17% over 2018-2023.
Rising pervasiveness of musculoskeletal disorder, rheumatoid arthritis, hearing loss, and dental disorders, in tandem with growing geriatric population are augmenting the growth of global healthcare 3D printing market. Furthermore, factors such as rise in healthcare expenditure and continuous R&D activities are positively impacting the market outlook.
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Notably, 3D printing enhances medical procedures like total knee replacement and hip replacement surgeries as they can be used to make customized patient specific prosthetics and implants.
Based on technology, global healthcare 3D printing market is split into laser beam, droplet deposition, photopolymerization, and others. The droplet deposition segment has been witnessing strong growth over the last few years, owing to growing number of surgical centers, increasing manufacturing of implants and customized prosthetics, and emergence of new 3D printing materials.
Elaborating on the applications spectrum, global healthcare 3D technology printing market is categorized into implants, prosthetics, drug screening, tissue engineering, and others. The end user spectrum of the market is fragmented into hospitals, medical & surgical centers, and pharma & biotech companies.
Considering the regional outlook, global healthcare 3D printing market is divided into North America, Europe, Asia Pacific, and Rest of the Word. Among these, North America market held majority share in 2018, owing to favorable regulatory policies, high adoption rate of 3D printers for medical applications, and presence of a well-developed healthcare infrastructure.
Key players operating in global healthcare 3D printing market are Renishaw plc, Formlabs, Organovo Holding Inc., Materialise NV, EnvisionTEC, Inc., SLM Solutions Group AG, Stratasys, Ltd., and 3D Systems, Inc.