Healthcare Additive Manufacturing (3D Printing) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 11.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Healthcare Additive Manufacturing (3D Printing) Market Analysis
3D printing, also known as additive manufacturing, is regarded as the next industrial revolution in manufacturing, with high potential to provide cost-effective methods to achieve complex and customized medical parts and components, such as tissues, organs, orthopedic and cranial implants, dental prosthetics, and others. The demand for customized additive manufacturing is high as customized structures as more comfortable for patients. Moreover, patent expiration will lead to the end of monopolistic control of some companies over the market, making additive manufacturing products more competitive in the market, which will improve the quality of the product. These factors have helped the market grow.
However, the cost of additive manufacturing is still high which leads to affordability issues, especially in developing and underdeveloped countries. Also, there is a lack of skilled professionals to operate these machineries. These factors have impeded market growth.
Healthcare Additive Manufacturing (3D Printing) Market Trends
This section covers the major market trends shaping the Healthcare Additive Manufacturing (3D Printing) Market according to our research experts:
Polymers are Expected to Register a High Growth
Polymers and their composites are one of the most widely used additive manufacturing materials due to the vast potential for various applications in the healthcare. Polymer-based additive manufacturing has been used for decades in creating prosthetic limb parts as well as medical instruments. These polymers are also used to make plasters specifically for each patient that not only hold the structure to ensure healing but are also comfortable as they can be customized for each patient. This is done through the use of a machine that combines additive manufacturing with 3D scanning procedures capable of scanning a patient's limb and printing custom plasters in an incredibly short time.
Moreover, polymers are also used in crafting hearing aids, preparing models that can aid in diagnosis and preoperative planning and preparing models of organs or specific body parts that can be developed for practice purposes to demonstrate various sensitive surgical procedures such as osteotomies.
According to WHO 2019 report on "Deafness and hearing loss", There were 466 million people worldwide with hearing disability, and this number is expected to increase to over 900 million by 2050. Hence, as the number of cases of hearing disability increases the market is expected to increase in the future.
North America is Expected to Dominate the Market
United States and Canada are one of the largest markets for the North America region. Both countries spend huge amount towards its healthcare. With United States being one of the nations with high expenditure in healthcare (17.9% of GDP as per OECD). In the United States, the number of newborn babies with deafness or hearing problem was nearly 2500 in 2005. This number was found to have increased to more than 6300 in 2016. Moreover, according to the Population Reference Bureau of the United States, the number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060. As the older population is more prone to hearing loss, the demand for hearing aid devices that are manufactured using Healthcare 3D Printing is expected to increase.
Healthcare Additive Manufacturing (3D Printing) Industry Overview
Majority of the healthcare-related 3D Printing structures are being manufactured by the global established key players. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market grow.
Healthcare Additive Manufacturing (3D Printing) Market Leaders
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3D Systems Inc
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EnvisionTEC GMBH
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regenHU Ltd
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Allevi
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Stratasys Ltd
*Disclaimer: Major Players sorted in no particular order
Healthcare Additive Manufacturing (3D Printing) Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Demand For Customized Additive Manufacturing
- 4.2.2 Patent Expiration
-
4.3 Market Restraints
- 4.3.1 High Costs Associated with Additive Manufacturing
- 4.3.2 Lack of Skilled Professionals
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 By Technology
- 5.1.1 Stereolithography
- 5.1.2 Deposition Modeling
- 5.1.3 Electron Beam Melting
- 5.1.4 Laser Sintering
- 5.1.5 Jetting Technology
- 5.1.6 Laminated Object Manufacturing
- 5.1.7 Other Technology
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5.2 By Application
- 5.2.1 Medical Implants
- 5.2.2 Prosthetics
- 5.2.3 Wearable Devices
- 5.2.4 Tissue Engineering
- 5.2.5 Others
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5.3 By Material
- 5.3.1 Metals and Alloys
- 5.3.2 Polymers
- 5.3.3 Others
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle-East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle-East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 General Electric
- 6.1.2 3D Systems, Inc.
- 6.1.3 EnvisionTEC GMBH
- 6.1.4 regenHU
- 6.1.5 Allevi, Inc.
- 6.1.6 Eos GmbH
- 6.1.7 Materialise N.V.
- 6.1.8 Stratasys LTD.
- 6.1.9 Nanoscribe GmbH
- 6.1.10 GPI Prototype and Manufacturing Services, LLC.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Healthcare Additive Manufacturing (3D Printing) Industry Segmentation
3D printing, or additive manufacturing is a transformative approach to industrial production that enables the creation of lighter, stronger parts and systems. In healthcare, this approach is used to create implants, instrument parts and dummy body parts and organs.
| By Technology | Stereolithography | |
| Deposition Modeling | ||
| Electron Beam Melting | ||
| Laser Sintering | ||
| Jetting Technology | ||
| Laminated Object Manufacturing | ||
| Other Technology | ||
| By Application | Medical Implants | |
| Prosthetics | ||
| Wearable Devices | ||
| Tissue Engineering | ||
| Others | ||
| By Material | Metals and Alloys | |
| Polymers | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle-East and Africa | GCC |
| South Africa | ||
| Rest of Middle-East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Healthcare Additive Manufacturing (3D Printing) Market Research FAQs
What is the current Healthcare Additive Manufacturing (3D Printing) Market size?
The Healthcare Additive Manufacturing (3D Printing) Market is projected to register a CAGR of 11.5% during the forecast period (2024-2029)
Who are the key players in Healthcare Additive Manufacturing (3D Printing) Market?
3D Systems Inc, EnvisionTEC GMBH, regenHU Ltd, Allevi and Stratasys Ltd are the major companies operating in the Healthcare Additive Manufacturing (3D Printing) Market.
Which is the fastest growing region in Healthcare Additive Manufacturing (3D Printing) Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Healthcare Additive Manufacturing (3D Printing) Market?
In 2024, the North America accounts for the largest market share in Healthcare Additive Manufacturing (3D Printing) Market.
What years does this Healthcare Additive Manufacturing (3D Printing) Market cover?
The report covers the Healthcare Additive Manufacturing (3D Printing) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Healthcare Additive Manufacturing (3D Printing) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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