3D Printing in Healthcare Market Size, Growth, and Trends Forecast 2024-2032

Comments · 41 Views

The global 3D printing in healthcare market size reached US$ 3.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.4 Billion by 2032, exhibiting a growth rate (CAGR) of 13.2% during 2024-2032.

 

Global 3D Printing in Healthcare Industry: Key Statistics and Insights in 2024-2032

Summary:

  • The global 3D printing in healthcare market size reached USD 3.0 Billion in 2023.
  • The market is expected to reach USD 9.4 Billion by 2032, exhibiting a growth rate (CAGR) of 13.2% during 2024-2032.
  • North America leads the market, accounting for the largest 3D printing in healthcare market share.
  • Polymer accounts for the majority of the market share in the material segment due to the established infrastructure and broad range of available polymer materials.
  • Droplet deposition holds the largest share in the 3D printing in healthcare industry.
  • External wearable devices remain a dominant segment in the market owing to advancements in technology and increased consumer awareness about health and fitness.
  • Medical and surgical centers represent the leading end user segment.
  • The rising focus on customization and personalization is a primary driver of the 3D printing in healthcare market.
  • The growing need for rapid prototyping is reshaping the 3D printing in healthcare market.

Industry Trends and Drivers:

  • Customization and personalization:

3D printing allows for the creation of patient-specific implants, prosthetics, and orthopedic devices. By tailoring these products as per the anatomy of patients, it ensures a perfect fit, improving comfort and functionality. In addition, personalized medical devices reduce the risk of complications and improve patient outcomes. Patients experience better mobility and comfort, leading to improved quality of life. Moreover, 3D printing enables the fabrication of customized dental implants, crowns, and orthodontic devices. This precision ensures better aesthetics and functionality for patients.

  • Cost-efficiency:

3D printing technology minimizes the need for traditional manufacturing processes, such as casting or machining. This leads to lower production costs for medical devices, implants, and prosthetics. 3D printers can use materials efficiently, resulting in less waste during the manufacturing process. This cost-saving aspect is particularly important when working with expensive or rare materials. Additionally, traditional manufacturing methods often require costly customization for individual patients. With 3D printing, customization can be achieved without significantly increasing production expenses.

  • Rapid prototyping:

3D printing allows for the rapid creation of prototypes and iterations of medical devices, implants, and equipment. This speed expedites the product development process, reducing time-to-market. In addition, healthcare professionals and engineers can quickly test and refine their designs through iterative prototyping. This helps identify and rectify design flaws, improving the safety and effectiveness of medical solutions. Besides this, rapid prototyping enables the creation of patient-specific prototypes. Healthcare providers can develop personalized devices and implants for individual patients, enhancing their overall care and outcomes.

Request for a sample copy of this report: https://www.imarcgroup.com/3d-printing-in-healthcare-market/requestsample

3D Printing in Healthcare Market Report Segmentation:

Breakup By Material:

  • Polymer
  • Metals
  • Ceramic
  • Organic

Polymer represents the largest segment due to its versatility, cost-effectiveness, and suitability for a wide range of medical applications, including prosthetics and orthopedic implants.

Breakup By Technology:

  • Droplet Deposition
    • Fused Filament Fabrication (FFF) Technology
    • Low-temperature Deposition Manufacturing (LDM)
    • Multiphase Jet Solidification (MJS)
  • Photopolymerization
    • Stereolithography (SLA)
    • Continuous Liquid Interface Production (CLIP)
    • Two-photon Polymerization (2PP)
  • Laser Beam Melting
    • Selective Laser Sintering (SLS)
    • Selective Laser Melting (SLM)
    • Direct Metal Laser Sintering (DMLS)
  • Electronic Beam Melting (EBM)
  • Laminated Object Manufacturing
  • Others

Droplet deposition accounts for the majority of the market share as it offers high precision and the ability to create complex, patient-specific structures, making it ideal for producing medical devices and implants.

Breakup By Application:

  • External Wearable Devices
    • Hearing Aids
    • Prosthesis and Orthotics
    • Dental Products
  • Clinical Study Devices
    • Drug Testing
    • Anatomical Models
  • Implants
    • Surgical Guides
    • Cranio-maxillofacial Implants
    • Orthopedic Implants
  • Tissue Engineering

External wearable devices exhibit a clear dominance in the market owing to the growing demand for personalized, non-invasive healthcare solutions like custom-fitted hearing aids and smart wearables.

Breakup By End User:

 

  • Medical and Surgical Centers
  • Pharmaceutical and Biotechnology Companies
  • Academic Institutions

Medical and surgical centers hold the biggest market share, driven by the adoption of 3D printing for creating patient-specific implants, surgical guides, and prosthetics, enhancing patient care and surgical outcomes.

Breakup By Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

North America enjoys the leading position in the 3D printing in healthcare market on account of a strong healthcare infrastructure, research and development (R&D) activities, and a growing demand for customized medical solutions in the region.

Top 3D Printing in Healthcare Market Leaders: 

The 3D printing in healthcare market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

 

  • 3D Systems Inc.
  • Desktop Metal Inc.
  • EOS GmbH
  • Formlabs
  • Materialise NV
  • Organovo Holding Inc.
  • Oxford Performance Materials Inc.
  • Prodways Tech
  • Proto Labs Inc.
  • Renishaw plc
  • SLM Solutions Group AG
  • Stratasys Ltd

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

Comments