3D printing has begun to flourish
in various application areas in healthcare such as dental, medical, implants,
drug manufacturing and so on. The commonly used materials for 3D printing of
healthcare are plastics, metals, ceramics, donor cells, bone cement,
biomaterials etc. The materials used for these purposes vary accordingly. While
dental implants mostly use metals and ceramics to print dental crowns, the
medical industry has its own array of bio-materials.
Table of contents and insights:
IndustryARC
studies, suggest that 3D Printing
Materials in Healthcare Market had revenue of $284.7 Million as of 2014 and the market is expected to grow at
a CAGR of 19.1% in the next 6 years.
On the other hand, the 3D Printing
technology in Healthcare Market witnessed revenue of $487 Million in 2014 and is slated to grow at a CAGR of 18.3% by 2020!
Market Growth:
Reduction in prices of printers in healthcare 3D printing technology is estimated due to the growing demand and possible subsidies from governments as part of research grants as well. Metal powders and biomaterials are expensive, where in biomaterials are under research stage and are expected to be a prominent material for the 3D printing technology in healthcare industry. The high growth rate in this market is due to increasing adaptation of 3D printing technologies into healthcare. This increasing adoption is due to wide spectrum of applications of 3D printing technologies in healthcare. The market is set to be driven by the increasing demand for patient-specific tailored products in orthopedics and maxillofacial surgery. Advances in tissue engineering for 3D bio-printing is gaining importance and the tissues generated by bio-printing will be available for transplant in the near future. However, high costs and regulatory barriers are likely to hinder the market growth.
Reduction in prices of printers in healthcare 3D printing technology is estimated due to the growing demand and possible subsidies from governments as part of research grants as well. Metal powders and biomaterials are expensive, where in biomaterials are under research stage and are expected to be a prominent material for the 3D printing technology in healthcare industry. The high growth rate in this market is due to increasing adaptation of 3D printing technologies into healthcare. This increasing adoption is due to wide spectrum of applications of 3D printing technologies in healthcare. The market is set to be driven by the increasing demand for patient-specific tailored products in orthopedics and maxillofacial surgery. Advances in tissue engineering for 3D bio-printing is gaining importance and the tissues generated by bio-printing will be available for transplant in the near future. However, high costs and regulatory barriers are likely to hinder the market growth.
Brief Outlook of the Market:
North
America is the leading consumer of 3D printing technologies in healthcare
industry, followed by Europe. Asia-Pacific’s (APAC’s) market is relatively
small as compared to Americas region; however it is growing at a higher rate
compared to Americas. With respect to the global market, the US itself
holds 39.7% of the entire 3D printing technologies in healthcare
market share with existing major players like 3D Systems and Stratasys along
with the new entrants and their investments to acquire the growing market.
Europe is the second major market followed by APAC, together accounting
for around 37% of the global 3D printing technologies 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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for Customization:
REPORT SCOPE:
In
this report, the market has been segmented by geography as America, Europe,
Asia, and Rest of the World (RoW). Market size and forecast is provided for
each of these regions. A detailed qualitative analysis of the factors
responsible for driving and restraining growth of the 3DP materials, printers,
software and scanners market and future opportunities are provided in the
report.
Market Segmentation:
The
Market of 3D Printing Technology in Healthcare is broadly divided into 4 types
based on various factors:
- By Technology: Laser Beam Melting, Electron Beam Melting, Stereo Lithography, Photo Lithography and Others.
- By Material: Donor Cells, Plastics, Metals, Ceramics, Bone Cement and Others.
- By Application: Implants and Prosthetics, Surgical Guides, Hearing Aids, Tissue Engineering, Dental Implants, Medical Components and Drug Screening.
- By Geography: Americas, Europe, APAC and ROW.
Key Players:
- Javelin Technologies Inc.
- Medical Modeling Inc.
- Nano3D Biosciences Inc.
- Tissue Regeneration Systems Inc.
- Xilloc Medical
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