According to Emergen Research, the global 3D printing healthcare market size was USD 1,327.71 million in 2020 and is expected to reach USD 4,775.04 million in 2028 and register a revenue CAGR of 17.3% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “3D Printing Healthcare Market, By Component (Hardware, Software, Services, Materials), By Technology (Laser Beam Melting, Photopolymerization, Droplet Deposition, Electron Beam Melting, Others), By Application (Surgical Devices, External Wearable Devices, Implants, Tissue Engineering), By End-use (Hospitals & Clinics, Pharmaceutical Companies, Research Institutes, Others), and By Region, Forecast to 2028”
According to Emergen Research, the global 3D printing healthcare market size was USD 1,327.71 million in 2020 and is expected to reach USD 4,775.04 million in 2028 and register a revenue CAGR of 17.3% during the forecast period, 2021-2028.
Market Dynamics:
The global 3D printing healthcare market revenue growth is majorly supported by factors such as increasing applications of 3D printing technology in the manufacture of surgical devices, bio-engineering devices, and implants, and rapid adoption of the technology due to several advantages such as high energy-efficiency, reduced waste generation during the production process, and convenience in fabrication of lightweight and intricate components and development of customized 3D-printed anatomical models.
Rise in geriatric population across the world, growing prevalence of chronic and acute illnesses, increasing volumes of minor and major surgeries, and significant advances in 3D printing technology are among the other factors driving the global market revenue growth during the forecast period.
Furthermore, rising focus of healthcare companies on providing personalized and precision medicine, rise in research & development activities in the healthcare and pharmaceutical industries, and increasing strategic collaborations and agreements between leading healthcare providers are expected to boost revenue growth of the market.
For instance, in April 2020, Israeli additive manufacturing company, Stratasys, Inc. signed a collaborative deal with Origin in order to market and promote 3D-printed nasopharyngeal swabs manufactured by the company in the U.S. amid the COVID-19 pandemic.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Photopolymerization Segment Accounted for Largest Revenue Share in 2020:
Based on technology, the global 3D printing healthcare market is segmented into Laser Beam Melting, Photopolymerization, Droplet Deposition, Electron Beam Melting, and Others. The photopolymerization segment held the largest revenue share in the global market in 2020. Factors supporting revenue growth of this segment include growing adoption of the photopolymerization 3D printing technology in dentistry, prototyping, microfluidics, drug delivery, tissue engineering, and development of biomedical devices. Photopolymerization offers certain advantages over other 3D printing technologies, such as higher flexibility and more robust chemical and mechanical resistance.
Hospitals & Clinics Segment to Account for Fastest Revenue CAGR:
Based on end-use, the global 3D printing healthcare market is segmented into Hospitals & Clinics, Pharmaceutical Companies, Research Institutes, and Others. The hospitals & clinics segment is expected to dominate other segments in terms of fastest revenue growth rate in the global market over the forecast period. Key factors driving revenue growth of this segment are growing need for well-resourced operating and surgical rooms, presence of skilled healthcare professionals – especially in developed countries like the U.S. and the U.K. – and growing use of 3D printing technology in development of surgical devices and implants.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America 3D printing healthcare market accounted for the largest revenue share in the global market in 2020, owing to many favorable factors. Rising geriatric population, increasing prevalence of chronic and acute diseases, rising volumes of surgical procedures, and growing demand for advanced operating and surgical equipment and devices are major factors driving revenue growth of this regional market. Rapid adoption of cutting-edge 3D printing technologies in the healthcare sector, increasing R&D investments by government and private bodies, and presence of state-of-the-art healthcare infrastructure across the region further drive the North America market revenue growth.
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Major Companies in the Global 3D Printing Healthcare Market Include:
- Stratasys Inc.
- 3D Matters Pte Ltd.
- Materialise NV
- Bio3D Technologies Pte Ltd.
- 3D Systems Corporation
- Bio-Rad Laboratories
- Simbionix
- EnvisionTEC
- Metamason
- Exone Company
- Formlabs Inc.
- General Electric
- Oxford Performance Materials, Inc.
- Organovo Holdings, Inc.
- Protolabs
- SLM Solutions Group AG
For the purpose of this report, Emergen Research has segmented the global 3D printing healthcare market based on component, technology, application, end-use, and region:
Component Outlook (Revenue, USD Million; 2018-2028)
- Hardware
- Software
- Services
- Materials
Technology Outlook (Revenue, USD Million; 2018-2028)
- Laser Beam Melting
- Photopolymerization
- Droplet Deposition
- Electron Beam Melting
- Others
Application Outlook (Revenue, USD Million; 2018-2028)
- Surgical Devices
- External Wearable Devices
- Implants
- Tissue Engineering
End-use Outlook (Revenue, USD Million; 2018-2028)
- Hospitals & Clinics
- Pharmaceutical Companies
- Research Institutes
- Others
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Region Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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