Report Ocean introduces a fresh report examining the ‘Europe 3D Printing in Healthcare Market’, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Europe 3D Printing in Healthcare Market, which includes a full table of contents, over 120 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
The 3D printing in healthcare market in Europe is expected to reach a value of USD 0.76 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 21.8% during 2018-2023.
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3D printing can be defined as the process of building three-dimensional solid objects from digital designs. The creation of 3D printed objects is done using various additive processes. The additive processes involves laying down successive layers of a material until the desired object is created. Each of these layers can be visualized as a thinly-sliced horizontal cross-section of the final object. 3D printing is the exact opposite of subtractive manufacturing, which involves hollowing out/carving out pieces of metal or plastic from a mass. This process opens up opportunities for the production of complex shapes using less material in comparison to traditional manufacturing methods. In the field of medicine, this procedure is used to make several objects like prosthetics and implants, using several materials like metal, plastic, etc.
Europe has the most significant share of the 3D printing in healthcare market.
The market can be classified into three primary segments, based on technology, material, and type.
- Based on region, the market is segmented into the European Union five (EU5) and the rest of Europe
- Based on technology, the market can be segmented into laser beam melting (LBM), electron beam melting (LBM), photopolymerization, droplet deposition, laminated object manufacturing, and others.
- Based on material, the sub-segments are plastic, metal, ceramic and others.
- Based on type, the sub-segments include prosthetics, implants, surgical guides, hearing aid and others.
Key growth factors
Europe has strong and stable research and development infrastructure and with top-notch research in healthcare-related additive manufacturing along with a pool of educational institutions to provide relevant training for skill development.
In Europe, Germany has the highest incidences of self-reported hearing loss. The adoption rate of hearing aids by these people is 76%. Thus, there lies a huge unmet demand for hearing aids in the market. Since almost all hearing aids are 3D printed, the market in the European region is expected to grow positively. The situation is the same for dental implants. With an increasing number of procedures for dental implants, the need for customized procedures has risen.
Threats and key players
Most of the traditional manufacturing companies, which prefer doing things the old way, do not find it feasible to experiment with new technologies like 3D printing. Also, they do not research adequately in emerging use cases in the market, and this is inhibiting the faster penetration of the technology in the European region.
The key players are Stratasys Ltd., 3D Systems, Organovo, Renishaw and Formlabs.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)
Some Questions Answered in the Europe 3D Printing in Healthcare Market Report:
- What is the projected size of the Europe 3D Printing in Healthcare market in 2032, and what growth rate is expected?
- What are the primary drivers of growth in the Europe 3D Printing in Healthcare industry?
- What are the major market trends that are affecting the expansion of the Europe 3D Printing in Healthcare market?
- What obstacles must be overcome in order to achieve sustained growth in the Europe 3D Printing in Healthcare market?
- What opportunities and threats do vendors in the Europe 3D Printing in Healthcare market face?
- What are the raw materials and manufacturing equipment used in the production of Europe 3D Printing in Healthcare, and what is the manufacturing process?
- What are the different types and applications of Europe 3D Printing in Healthcare, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Europe 3D Printing in Healthcare market?
- What factors are driving the growth of the Europe 3D Printing in Healthcare market in the top regions worldwide?
- Who are the major players in the Europe 3D Printing in Healthcare market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Europe 3D Printing in Healthcare market?
- What are the main findings of a five forces analysis of the Europe 3D Printing in Healthcare market?
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