The global 3D printing in healthcare market size was estimated at USD 1.2 billion in 2022 and is expected to hit around USD 6.25 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 18% during the forecast period 2023 to 2032.
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The process of 3D printing includes the manufacturing of objects that are dimensionally solid which are mainly used in the health care sector and is known in the name of additive manufacturing. Additive processes are put into use with a view to achieve 3D printed objects. Multiple layers are laid on each other in a successive manner to create an object while using the additive process for manufacturing. The layouts present themselves as very thin sliced layers in the form of a cross section obtained from the object. Customized medical devices and equipments that are utilized in the healthcare sector are manufactured with the help of this process. The rapidly increasing demand for personalized health care facilities which are provided by the use of customized medical equipments according to the requirement of the patient has emerged as a major growth factor for the 3D printing technology.
Many other advantages provided by this advanced technology as compared to the other traditional patterns which are utilized by decreasing the risks that are involved in operative procedures. The chances of sepsis can be controlled to a great extent by using these advanced technologies while performing the complex procedures which increases the success rate to a great extent. The exposure of the individual to anesthesia can be reduced to a great extent by using these advanced technologies for performing complex surgical procedures. A high cost associated with the use of advanced 3D printing technology has challenged the growth of the market to a great extent.
The outbreak of the pandemic had a considerable impact on the growth of the 3D printing in healthcare market. The implication of global lock down restricted mode imposed by the government hampered the growth of the market to a great extent. This step was taken to prevent the further spread of infection and control the rate of mortality. The health care sector suffered a tremendous loss during this period When the hospitals were given strict guidelines to entertain only emergency and unavoidable cases with a view to prevent the chances of cross infection in between the infected patients and the medical staff. The huge number of patients who were infected during the course of the pandemic had hampered the growth of the market to a great extent.
The rapid advancements in the field of technology which has been made by the key market players emerges as a major growth factor for the 3D printing in healthcare market. The use of personalization and customization in the field of medicine has attracted the potential consumers to take advantage of the advanced technologies that have been used in the healthcare sector. The extensive research and development programs which are conducted by the key market players with a view to introduce modern technology into the market has helped the growth phase of the market to a great extent.
The advanced health care facilities which are provided by the government in many parts of the world has encouraged the people to opt for such advanced technologies. The extensive use of 3D printing technology in the pharmaceutical sector has also emerged as a major opportunity for the growth of the market.
The recent collaborations and deals which have taken place in the healthcare sector has boosted the scope for 3D printing technology to a great extent and is foreseen to experience a tremendous growth during the future as well.
Report Scope of the 3D Printing in Healthcare Market
|Market Size in 2023||
USD 1.41 Billion
|Market Size by 2032||
USD 6.25 Billion
|Growth Rate from 2023 to 2032||CAGR of 18%|
|Forecast Period||2023 to 2032|
|Segments Covered||Component, Technology, Application, End User and Geography|
Formlabs Inc., General Electric, 3D Systems Corporation, Exone Company, Materialise NV, Oxferd Performance Materials, Inc., SLM Solutions Group AG, Organovo Holdings, Inc., Proto Labs, Stratasys Ltd
On the basis of component, the segment of system has emerged as the largest market due to its increasing demand in the healthcare sector. The rapid advancements in the field of technology which has been experienced in the form of full color 3D printing and multi material use has boosted the demand for advanced technologies in the market.
The advanced equipments that have been used in the healthcare sector are now portable and can be carried to remote places which increases the scope for the health care services. The requirement for a flawless service in the healthcare sector it's very important with a view to carry out the entire process without obstacles and obtain the desired results after the procedure.
On the basis of technology, the segment of droplet deposition has emerged as the fastest growing market as far as technology is concerned. The increasing demand of droplet deposition technique has boosted the size of the market to a great extent. The property of chemical endurance which is presented by the 3D printing technology has emerged as a major attraction for the potential consumers. These materials can withstand a very high temperature and hence they emerge as extremely durable products in the market. The increasing demand for advanced technologies among the people has boosted the size of the market to a great extent and is foreseen to continue in a similar fashion during the future as well.
End User Insights
On the basis of end user, the segment of surgical and medical centers has emerged as the largest market and it's foreseen to maintain its position during the future as well. The huge number of people who opt for surgical procedures has boosted the demand for modern technology in this sector. the use of modern technology such as 3D printing in the field of surgery has helped the medical fraternity to obtain better results in a shorter period of time. This has reduced the number of complications that arise during the surgical procedure and hence improves the quality of the entire process. The recent collaborations which have taken place in the healthcare sector has boosted the demand for use of advanced techniques in the operative procedures.
On the basis of application, the segment of external wearable devices has emerged as a major market due to its increasing demand among potential consumers. The rules and regulations pertaining to the 3D printers have been relaxed considerably which has emerged as a major opportunity for the market. The market of 3D printing in healthcare experience is a boost with the increasing acceptance among the people.
3D Printing in Healthcare Market Share, By Region, 2022 (%)
|Regions||Revenue Share in 2022 (%)|
On the pictures of geography, the region of North America has emerged as the largest market for this advanced technology and is foreseen to maintain its position during the forecast period. The rapid advancements in the healthcare sector brought about by the government has boosted the size of the market to a great extent. Increasing awareness among the people regarding the available options has also helped the market to record a considerable revenue over the period of time. The huge number of operative procedures that are carried out in this region has also emerged as a major growth factor for the 3D printing in healthcare market.
Key market players
Segments covered in the report
By End User
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