Increasing prevalence of cardiovascular diseases and orthopedic disorders worldwide, rising demand for contact lenses, dental implants, hearing aids, and prosthetics, increasing geriatric population, and rapid advancements in 3D printing are some key factors expected to drive global market growth.
Increasing prevalence of cardiovascular diseases and orthopedic disorders worldwide, rising demand for contact lenses, dental implants, hearing aids, and prosthetics, increasing geriatric population, and rapid advancements in 3D printing are some key factors expected to drive global market growth.
According to Emergen Research, the global 3D printing healthcare market size was USD 1,131.9 million in 2019 and is expected to reach USD 4,070.8 million in 2027 and register a robust revenue CAGR of 17.3% during the forecast period, 2020-2027.
Market Dynamics:
3D printing is also called additive manufacturing in which 3D products and objects are developed from digital files. 3D printing is widely used in the healthcare sector for developing new surgical cutting and drills, prosthetics along with patient-specific replicas of organs, blood vessels, and bones. Rapid developments in 3D printing have led to lighter, safer and stronger products with lower costs and reduced lead times. Factors such as increasing demand for personalized treatment, implants, and precision medicines, and rising investments in research and development activities are expected to drive global market revenue growth. In addition, rising pharmaceutical applications of 3D printing, improving overall healthcare infrastructure, and increasing disposable income worldwide are expected to fuel market growth going ahead.
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However, high costs of 3D printing devices, lack of skilled healthcare professionals, and rising concerns about biocompatibility are some key factors expected to hamper overall market growth during the forecast period.
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
Hardware Segment to Account for Largest Revenue Share:
The hardware segment is expected to account for largest revenue share during the forecast period owing to increasing patient population, rapid adoption of 3d printing technology, rising demand for advanced 3D products and devices, and ongoing research on upgrading existing products.
Research Institutes Segment To Register Rapid Revenue CAGR:
The research institutes segment revenue is expected to expand at a rapid CAGR over the forecast period owing to increasing patient pool, ongoing research on developing advanced 3D printing devices, improving research infrastructure and facilities, and rising investments in R&D activities.
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North America to Lead In Terms of Revenue Share:
North America is expected to dominate other regional markets in terms of revenue share during the forecast period owing to large patient pool, rapid advancements in 3D printing technology, increasing adoption of 3D printing in healthcare, and rising investments in developing advanced 3D printing products. Other factors such as high disposable income, increasing collaborations among academic institutes, companies, and healthcare centers, and rising geriatric population are expected to drive North America market growth during the forecast period.
Major Companies in the Market Include:
- Stratasys Inc.
- 3D Matters Pte Ltd.
- Materialise NV
- Organovo
- Bio3D Technologies Pte Ltd.
- 3D Systems Corporation
- Bio-Rad Laboratories
- Simbionix
- EnvisionTEC
- Metamason
For the purpose of this report, Emergen Research has segmented the global 3D printing healthcare market on the basis of component, technology, application, end-users, and region:
Component Outlook (Revenue, USD Million; 2017-2027)
- Hardware
- Software
- Services
- Materials
Technology Outlook (Revenue, USD Million; 2017-2027)
- Laser Beam Melting
- Photopolymerization
- Droplet Deposition
- Electron Beam Melting
- Others
Application Outlook (Revenue, USD Million; 2017-2027)
- Surgical Devices
- External Wearable Devices
- Implants
- Tissue Engineering
End-Users Outlook (Revenue, USD Million; 2017-2027)
- Hospitals & Clinics
- Pharmaceutical Companies
- Research Institutes
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Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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