North America Healthcare 3D Printing Market Size

North America Healthcare 3D Printing Market Analysis

The North America Healthcare 3D Printing Market is expected to register a CAGR of 9.10% during the forecast period(2024-2029).

Amid the COVID-19 pandemic, 3D printing emerged as a crucial technology to enable better healthcare and overall response to emergencies. Due to the restriction and alterations in the supply chain of products, the market had a slight adverse impact during the pandemic. 

• However, the widespread usage of 3D printing in the COVID-19 pandemic for 3D-printed devices, such as face shields, masks, valves, and nasopharyngeal swabs has fuelled the growth. For instance, as per the report published by the United States FDA in December 2022, to address the lack of personal protective equipment, the FDA is collaborating with the NIH, VA, and America Makes to support non-traditional manufacturing techniques like 3D printing. Through this collaboration, the VA evaluates 3D-printable designs for COVID response on a clinical level, and the NIH then puts those designs on the 3D Print Exchange. Thus, the continuing demand for 3D printing during the COVID-19 pandemic is expected to have significant growth in the market over the coming years.
• The factors driving the market's growth are increasing demand for customized additive manufacturing, increasing medical applications, and new patent expiration in the region. Assisting surgeons in planning for difficult procedures, improving outcomes, and lowering costs, 3D printers can create very accurate and comprehensive anatomical models. For instance, in 2022, scientists from Florida Atlantic University and the University of Virginia created a robotic model of the human spine to assist surgeons in anticipating the outcomes of interventions before surgery. Thus, the increasing demand for 3D printing for healthcare physicians is expected to boost the market over the forecast period.
• Furthermore, the 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 in the North American region.
• 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 machines. Hence, these factors are expected to hinder the growth of the market in the region.