Healthcare 3D Printing Market Forecast to Grow at CAGR of 18.3% with Support from Government and Private Investments

3D Printing (3DP) or Additive Manufacturing (AM) is used to convert a 3D model into a three dimensional object and the material used for this purpose is called 3DP material. 3D Printing has begun to flourish in various application areas in healthcare such as dental, medical, implants, drug manufacturing and so on. The materials used for these purposes vary accordingly and can range from plastics, resins, metals, to ceramics. For instance, while dental implants mostly use metals and ceramics to print dental crowns, the medical industry has its own array of bio-materials. Many such biomaterials are under research stage and are expected to be a prominent material for the 3D printing in healthcare industry.

The 3D printing in healthcare is done by various technologies which include Laser Beam Melting, Stereolithography, Electron beam melting, Photo Polymerization, Droplet Deposition, Laminated Object manufacturing and more. This report on 3D Printing in Healthcare Market analyses various applications and covers the market demand with respective regions. The report also provides a market overview for the 3D printing materials and technologies market. Overall, 3D printing in healthcare market is analyzed along various parameters such as technology, material, application and geography.

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As per IndustryARC analysis, the Global 3D Printing Materials in Healthcare Market recorded revenue of $487m in 2014, and is estimated to grow at a remarkable CAGR of 18.3% from 2015 – 2020. The high growth rate in this market is due to increasing adoption of 3D printing technologies into healthcare, including applications in Implants and Prosthetic parts, surgical guides, Hearing Aids, Tissue Engineering and many more.

Huge investments are being put into companies working in this space through various sources for research purposes due to the revolutionary number of applications and monetizing potential.  The growing population and health disorders especially in old age people have become a challenge across the world. To meet this challenge, major companies manufacturing medical devices adapting this technology to manufacture advanced devices especially that are automated. These devices are used to scan and print implants, prosthetics and so on.

Globally, Americas are estimated to hold major share of 3D printing in healthcare market, due to increased adoption of 3D printing technologies and increased investments. With respect to the global market, the US itself holds 39.7% of the entire 3D printing in healthcare market share due to presence of numerous healthcare companies, 3D printing companies and huge R&D investments. Europe is the second major market followed by APAC, together accounting for around 37% of the global 3D printing in healthcare market of 2014. Other factors affecting the growth of the market include technology innovation, efficiency and flexibility of printers and availability of good quality materials.

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Major Players Operating in the Global 3D Printing in Healthcare Market

• Stratasys Ltd. (U.S.)
• 3D Systems (U.S.)
• Materialise NV (Belgium)
• EnvisionTEC GmbH (Germany)

Companies like Organovo, Oxford Performance Materials, Aspect Biosystems and n3D Biosciences are the prominent players in the three-dimensional organ and tissue printing market. As per IndustryARC analysis there is more number of material and printer manufacturers compared to technology developers, whereas day by day the new entrants into this category are increasing. With the growing adaption of 3D printing especially in dental, medical and prosthetics industry the laboratory scientists showing much interest in developing tools and solutions to meet the demand. The above stated material and printer suppliers are cooperating and joining forces with research scientists and investing high amounts to develop new solutions as there is exponential growth opportunity to gain profits in the coming future.

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http://industryarc.com/Report/186/3d-printing-materials-market.html

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IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today..

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Clinical Decision Support Systems (CDSS) Market Forecast to Grow at 9.8% till 2020 with Favorable Initiatives from Government and High Demand for Seamless Patient Workflow Integration

The rise in number of collaborations between third-party CDSS vendors and providers of electronic health records (EHR) is expected to result in highly integrated and seamless experience for users in healthcare organizations and the demand for Clinical Decision Support Systems is set to boom.

A clinical decision support system (CDSS) is a health information technology system that is designed to provide physicians and other health professionals with clinical decision support (CDS), that is, assistance with clinical decision-making tasks. 

Computerizing healthcare is expected to be one of the powerful levers necessary for significant transformation in the quality and cost of delivering healthcare. This is clearly going to boost the Clinical Decision Support Systems Market in the coming years.

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Market Trends:

According to IndustryARC market research, North America shall lead the Clinical Decision Support Systems Market during the forecast period 2015-2020, owing to the availability of sophisticated infrastructure, favorable healthcare policies and government support. North America along with Europe are both witnessing expanding healthcare domain which is leading to increased funding by private as well as government organizations in healthcare informatics market. While these regions are estimated to view a fast growth, South Australia is projected to grow at a slow rate. Over all, the increase in technical awareness and disposable incomes, along with emergence of medical tourism market, will result in growth of Clinical Decision Support Systems Market in Asian countries.

Barrier: The world hosts various differences in the healthcare laws and language barriers as well government regulations due to which cross-country expansion of the CDSS is still lagging behind but is expected to witness good growth few years down the lane.

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REPORT SCOPE:

This report on Clinical Decision Support Systems Market is segmented into various types and studied in depth according to various factors like key market growth factors,

Market Segmentation:

Clinical Decision Support Systems Market is broadly classified into 5 types based on the following:

1. By Decision Making Mechanism: Knowledge-Based and Non-Knowledge Based.
2. By Applications: Documentation Forms, Relevant Data Presentations, Protocol Support and Others.
3. By Timing of Use: Pre-Diagnosis, During Diagnosis and Post-Diagnosis.
4. By Mode of Interaction: Active CDSS and Passive CDSS.
5. By Geography: North America, Europe, APAC and ROW.

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Key Players:

Elsevier Clinical Decision Support, a care plan and order set vendor, improved the clinical workflow integration under a partnership with EHR providers Allscripts and Epic Systems. Zynx Health was also able to provide similar results in collaboration with Epic Systems and Siemens. Moreover, advanced artificial intelligence technologies such as CDSS developed by IBM's Watson is set to revolutionize the accessibility of clinical information for informed decision making by physicians and healthcare providers.

Clinical Decision Support Systems Market Report hosts 40 plus notable industry leaders with few being:

• Philips Healthcare
• Isabel Healthcare Inc.
• IBM,
• McKesson Corporation
• Logical images, Inc

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IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

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Convenience and Increasing Fitness Awareness to Drive Wearable Medical Devices to a $41 Billion Market by 2020

Wearable Medical Devices (WMD) are autonomous, non-invasive devices that perform specific medical functions such as managing treatment of chronic diseases or monitoring vital signs of human body.

A wearable medical device incorporates capabilities such as wireless data transmission, real time feedback and assessment and so on. Many products with such capabilities are currently commercially available in the market and are targeted at health marketers, researchers, health conscious individuals, and athletes. Based upon the end-users, The Wearable Medical Devices Market has been segmented into - home healthcare, remote patient monitoring and fitness & sports. During the forecast period of 2015-2020, the market is projected to grow remarkably at 21.3% to generate revenue of $41.3 bn by 2020.

Global Wearable Medical Devices Market, By End Use Applications, 2014 – 2020 ($M)

Source: IndustryARC Analysis, Expert Insights

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The wearable technology is creating a future that equips the users with devices to ensure their health and fitness. The hectic lifestyle in current global scenario has taken toll on human health. Consumers are thus growing increasingly concerned about personal health. They are looking at continuous healthcare monitoring devices to assuage this concern. Consumers are giving more importance to wearable health devices that can make them more aware about their daily life schedule. The wearable devices market already consists of equipment that can monitor important health parameters including heart rate, blood pressure and blood oxygen levels. The growing market for wearable healthcare in long term care market is projected to drive the market. These developments will assist the wearable devices to gain a significant position in the global health ecosystem, thereby boosting their market further in the future. Other factors such as growing elderly care market, large influx of original device manufacturers, increasing consumer base for wearable devices among younger generation will also propel the market. However, stringent government regulations regarding the accuracy of data generated by these devices are highly rigorous, and are likely to slow the rate of adoption of these devices.

Global Wearable Medical Devices Market Revenue, By Geography, 2014 (%)

Source: IndustryARC Analysis, Expert Insights

In 2014, North America held the largest share in the Global WMD market. This can be ascribed to increasing concern about personal health, growing elderly care market and increasing government funding. The European WMD market accounted for 30% of the overall revenue, followed by the APAC region. The growing economies in APAC have led to increased disposable income among customers thus propelling the wearable medical device market. RoW region accounted for 3% share in the Global WMD market in 2014.

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The dominant players in the Wearable Medical Devices market as of 2014:

• Zephyr Technology Corp.
• Omron Healthcare, Inc.
• Basis Science
• Sotera Wireless, Inc., and
• Polar Electro Oy.

Though these companies have a dominant position in the market, there are a few companies such as Philips Healthcare, ResMed, Fitbit, Inc, giving stiff competition to the top players with their innovative product designs.

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IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Growing Prevalence of Chronic Diseases to Drive Orthotics Market

Orthotic Devices are the externally applied orthopedic devices that are used to correct abnormalities or to alleviate the pain in the human musculoskeletal system. Orthotic Devices are fitted to the patient’s affected body part and it functions in different ways based on its design to provide the desired effect. These devices are commonly used in mild diseased conditions and by normal individuals to relieve pain and maintain correct posture, as in the case of foot insoles, knee and back supports. However, the most important use of orthotics lies in the correction of anomalies in biomechanical alignment of the body or a part. When fitted for specific functions such as gait correction, correction of spinal curvature and so on, the orthotic devices significantly transform the patient’s quality of living.

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According to exhaustive research conducted by IndustryARC, The Global Orthotic Devices Market was valued at $3billion in 2014 and is forecast to reach $4.3billion by 2020, growing at a CAGR of 6% over the period 2014 to 2020. The market is mainly driven by factors such as growing prevalence of chronic diseases such as arthritis, diabetes and obesity among the aging population.

GLOBAL PREVALENCE OF CHRONIC DISEASES IN POPULATION ABOVE 65 YEARS OF AGE, 2013 (%)

Source: WHO, World Bank, CDC

People at the age of 65 years and above are particularly, at risk of peripheral vascular disease and stroke. People who survive such attacks have high chances of either being confined to wheelchairs or suffer debilitating side effects. This creates a significant demand for support systems such as orthotic devices and assistive technologies. In the U.S. alone, the percentage of older people suffering from diabetes is over 28% which will create a major demand for foot orthotics designed for diabetics. Furthermore, obese people are more at risk of incident ankle and upper leg fractures. Obesity paired with musculoskeletal degeneration associated with aging, will also drive the growth of surgical procedures and hence post-surgical braces.

As demand for orthotic devices increase among people suffering from various diseases and disorders such as diabetes, arthritis, cancer, limb deformities etc., there will be a huge unmet necessity for devices catering to specialized needs of each user segment. Such niche orthotic devices will require the manufacturers to acquire special skills, technical expertise and capabilities to ensure that their products are of the best quality.

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Some leading manufacturers of orthotic devices include DJO Global Inc., Össur, Otto Bock, Bauerfeind and DeRoyal Industries. Together these companies accounted for 58% share in the global market in 2013. These companies will continue to dominate the market, owing to their brand reputation among orthotists, loyal customer base and high quality customer services. These companies will continue to hold majority share in the total market revenue as they invest heavily into R&D and constantly innovate technologies to broaden their product portfolio.

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About Us:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Contact Sales: 1-614-588-8538 (Ext-101)

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