Healthcare 3D Printing (Additive Manufacturing) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Technology, Application, Material (Metals and Alloy, Polymers and Others), and Geography

Market Snapshot

Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 11.5 %

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Market Overview

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.

Scope of the Report

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.

In the report, a detailed analysis of the Infectious disease diagnostics market is provided. The market is evaluated by collating revenues generated across segments, categorized by technology, application, material and geography.

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
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

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.

Graph

North America is Expected to Dominate the Healthcare 3D Printing 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.

Geography

Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Demand For Customized additive manufacturing

      2. 4.2.2 Patent Expiration

    3. 4.3 Market Restraints

      1. 4.3.1 High Costs Associated with Additive Manufacturing

      2. 4.3.2 Lack of Skilled Professionals

    4. 4.4 Porter’s Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Technology

      1. 5.1.1 Stereolithography

      2. 5.1.2 Deposition Modeling

      3. 5.1.3 Electron Beam Melting

      4. 5.1.4 Laser Sintering

      5. 5.1.5 Jetting Technology

      6. 5.1.6 Laminated Object Manufacturing

      7. 5.1.7 Other Technology

    2. 5.2 By Application

      1. 5.2.1 Medical Implants

      2. 5.2.2 Prosthetics

      3. 5.2.3 Wearable Devices

      4. 5.2.4 Tissue Engineering

      5. 5.2.5 Others

    3. 5.3 By Material

      1. 5.3.1 Metals and Alloys

      2. 5.3.2 Polymers

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 General Electric

      2. 6.1.2 3D Systems, Inc.

      3. 6.1.3 EnvisionTEC GMBH

      4. 6.1.4 RegenHU

      5. 6.1.5 Allevi, Inc.

      6. 6.1.6 Eos GmbH

      7. 6.1.7 Materialise N.V.

      8. 6.1.8 Stratasys LTD.

      9. 6.1.9 Nanoscribe GmbH

      10. 6.1.10 GPI Prototype and Manufacturing Services, LLC.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Healthcare 3D Printing (Additive Manufacturing) Market market is studied from 2018 - 2026.

The Healthcare 3D Printing (Additive Manufacturing) Market is growing at a CAGR of 11.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

3D Systems Inc, EnvisionTEC GMBH, regenHU Ltd, Allevi, Stratasys Ltd are the major companies operating in Healthcare 3D Printing (Additive Manufacturing) Market.

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