3D Printing Market in Healthcare, Growth, Key Players, Analysis & Forecast 2024
Posted by Yash Chauhan on March 19th, 2019
The 3D printing market in healthcare has witnessed significant growth rates in the last decade, owing to the increased demand for implants worldwide. The market has seen a great requirement for surgical guides over the last few years due to rising usage of the digitally focused process for precise surgical preparation.
Insight by Component
Service and software segment held the largest share in the 3D printing market in healthcare owing to the intensifying improvement of advanced software solutions to manufacturing high-quality 3D printed medical products. Moreover, the equipment segment is expected to register the highest CAGR in the coming years.
Insight by Technology
Photopolymerisation has been witnessing the fastest CAGR in this segment owing to the extensive use of technology for manufacturing surgical guides, porous scaffolds, prosthetics and implants, and dental restorations systems.
Insight by Type
Surgical instruments have registered the highest CAGR in this segment owing to the increased usage of the digitally focused process for precise surgical preparation.
Insight by End User
The hospitals accounted for the largest market share in the 3D printing market in healthcare and the market for ASCs is expected to witness the fastest growth during the forecast period.
The key growth drivers of this industry are the following:
Some of the major challenges faced by the key players in this industry are:
The newcomers in this industry are needed to adhere to strict regulatory standards while overcoming difficulties like the requirement of high initial capital investment and the intense competition in global markets. This lowers the threat of new entrant to some extent in the 3D printing in the healthcare market
North America holds the largest market share in 3D printing in the healthcare industry, owing to the high demand for organ implants in this region. Asia-pacific is expected to grow with the highest CAGR owing to the increasing adaptation of 3D printing medical devices in this region.
Key players in the 3D printing market in healthcare are Stratasys Ltd., Renishaw plc, Concept Laser GmbH, EnvisionTEC GmbH, 3T RPD Ltd, Materialise NV, 3D Systems Corporation, Arcam AB, Prodways Group and EOS GmbH Electro Optical Systems are the key players offering 3D printing in healthcare.
Source: VynZ Research
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About the AuthorYash Chauhan
Joined: February 25th, 2019
Articles Posted: 106
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