Market Trends of North America Healthcare 3D Printing Industry
Polymers are Expected to Register a High Growth in the Market Over the Forecast Period
- Due to their extensive potential for several applications in the healthcare industry, polymers and their composites are among the most frequently utilized materials in additive manufacturing. For many years, polymer-based additive manufacturing has been utilized to make components for prosthetic limbs and medical equipment.
- Plasters made particularly for each patient using these polymers not only hold the structure to enable healing but are also comfortable because they can be tailored to each patient's needs. This is accomplished with the aid of a machine that blends additive manufacturing with 3D scanning techniques, allowing for the quick scanning of a patient's limb and printing of personalized plasters.
- Furthermore, the new partnerships and acquisitions among the market players are expected to increase the widespread applications of polymers in healthcare 3D printing. For instance, in August 2022, Covestro signed a definitive agreement to sell its Additive Manufacturing Business to Stratasys. The business provides material solutions for common polymer 3D printing processes. Covestro's divested business includes employees, research and development facilities, production assets, and offices in the United States.
- Similarly, in February 2022, 3D Systems agreed to acquire Kumovis, an additive manufacturing solutions provider for personalized healthcare applications. Kumovis' solutions are built upon their extrusion technology specifically developed for precision printing of medical-grade, high-performance polymers such as PEEK (polyether ether ketone). With this acquisition, 3D Systems added an extrusion technology to its extensive polymer printing healthcare portfolio, allowing the company to expand its addressable market for personalized healthcare applications and is expected to have a significant impact on the market over the forecast period.
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United States is Expected to Have a Significant Growth in the Market Over the Forecast Period
- Due to their extensive potential for several applications in the healthcare industry, polymers and their composites are among the most frequently utilized materials in additive manufacturing. For many years, polymer-based additive manufacturing has been utilized to make components for prosthetic limbs and medical equipment. Plasters made particularly for each patient using these polymers not only hold the structure to enable healing but are also comfortable because they can be tailored to each patient's needs. This is accomplished with the aid of a machine that blends additive manufacturing with 3D scanning techniques, allowing for the quick scanning of a patient's limb and printing of personalized plasters.
- Furthermore, the new partnerships and acquisitions among the market players are expected to increase the widespread applications of polymers in healthcare 3D printing. For instance, in August 2022, Covestro signed a definitive agreement to sell its Additive Manufacturing Business to Stratasys. The business provides material solutions for common polymer 3D printing processes. Covestro's divested business includes employees, research and development facilities, production assets, and offices in the United States.
- Similarly, in February 2022, 3D Systems agreed to acquire Kumovis, an additive manufacturing solutions provider for personalized healthcare applications. Kumovis' solutions are built upon their extrusion technology specifically developed for precision printing of medical-grade, high-performance polymers such as PEEK (polyether ether ketone). With this acquisition, 3D Systems added an extrusion technology to its extensive polymer printing healthcare portfolio, allowing the company to expand its addressable market for personalized healthcare applications and is expected to have a significant impact on the market over the forecast period.
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