3D Printing in Healthcare Market
Posted by Venkatesh on September 4th, 2018
According to the new market research report by IndustryARC titled “3D Printing in Healthcare Market: By Technology (LBM, EBM, StereoLithogaphy, Others); By Material (Donor Cells, Plastics, Metals, Ceramics, Others); By Application (Implants, Tissue Engineering, Others); By Geography - (2018-2023)”, the market is driven by the rising demand and possible subsidies from governments as part of research grants.
Americas held the largest market share in the 3D Healthcare Market
The American region holds the largest market share in 3D printing Healthcare Market and is anticipated to reach .12 billion by 2023 at a CAGR of 15.9%. This is mainly due to increased adoption of 3D printing technologies and increased investments. However, Asia Pacific projects major growth and is anticipated to reach 3.06 million by 2023 at a CAGR of 23.5%. The key applications includes implants, Prosthetics, surgical guides, dental implants, medical components, hearings aids, tissue engineering, drug screening.
Selected Value Chain Analysis done in the full report
The typical steps contributing to the total value of 3D Printing Market, as far as Healthcare is concerned, are categorized into the following: Inbound Logistics, Manufacturing, Outbound Logistics and Marketing & Sales. Inbound Logistics involves sourcing of raw materials, that is, plastics, metals, biological cells, ceramics and others from local suppliers. However, the most important step of the value chain is that the 3D designing and manufacturing steps takes place after the materials have been sourced. Manufacturing involves the transition of crude raw materials received into various forms such as filaments, powders, liquids and others which are compatible with 3D printers. This step contributes a major chunk to the value of the product.
Plastics, which are usually cheap and can be procured in bulk, require a great deal of processing to make 3D printing compatible. They have to be made into filaments of either 1.75mm or 3mm where the tolerance level is really low. This adds to the cost of manufacturing. Titanium, which generally cost about 8 per kilo in normal cases, has to go through a smelting process before it can be used for additive manufacturing. The final product costs about 0-0 per kilo. Therefore, the value of the product increases tenfold. All 3D printers have specific requirements for the type, strength and dimensions of their compatible materials, the manufacturing of which is a very important value-adding process in the value chain. The major manufacturers include Stratasys Ltd., 3D Systems, ARCAM AB and so on. Therefore, the marketing of these products also adds value to the product.
The main steps involved in the value chain of 3D printers in the industry are categorized as following: procurement of raw materials, printer manufacturing, supplier and distributor and end user. The first step involves procurement and processing of raw materials like rigid plastics, glass, steel and other metals, etc. Manufacturing of printers is the next step and is the major one in the process. Manufacturers procure these materials from various suppliers. The major suppliers in the industry are Asiga, FormFutura, Bucktown Polymers and many more. Manufacturing involves the conversion of crude raw materials into various compatible elements to manufacture 3D printers. This step contributes a major chunk to the value of the product. All the parts required to assemble in the 3D printers are manufactured by a single company and are not outsourced. The major manufacturers of 3D printers are Stratsys, 3D systems, MakerBot and so on.
The next important step is the distributor network. According to experts, there are many distributors in this industry who help provide immediate access to goods which helps to build a sustainable network with the end user. The industry has a well-defined distributor network which helps to increase the reach of end users. Some of the major distributors in the industry are 3Dee.at 3D-Drucker shop, CREAT3D, and Flashforge.
Excerpts on Market Growth Factors
3D printing in Healthcare Market is mainly driven by the developments of 3D technology in the healthcare sector and increasing investments in R&D from new entrants and innovation besides other factors such as growing population and health disorders across the regions.
3D printing biomaterials is expected to reach .3 billion by 2023 at a CAGR of 19.10%.
Key players of 3D Printing in Healthcare Market:
The key players related to 3D printing in healthcare in this region include 3D Systems, Inc; Stratasys Ltd; Nano3D Biosciences, Inc; Corbel 3D and many more.
3D Printing in Healthcare Market is segmented as indicated below.
3D Printing in Healthcare Market By Technology:
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About the AuthorVenkatesh
Joined: August 23rd, 2018
Articles Posted: 184
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