Report Ocean recently published a new research report on the Healthcare 3D Printing Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the Healthcare 3D Printing Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
Global Healthcare 3D Printing Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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3D printing is also known as additive manufacturing, which is a technology for creating three-dimensional solid objects in the healthcare sector. 3D printed objects are produced through additive methods in which an object is produced by adding layers of material one after another until the product is made. The successive layers are placed over one another to make a 3D-printed object. The use of 3D printing has advanced from prototyping in a variety of applications to the creation of functional components and goods. Factors such as the rising focus on the advancement of healthcare facilities, the increasing geriatric population, and surging demand for personalization and customization of medical products are attributing to the growth of the market.
The rising incidences of various disorders such as cardiovascular, orthopedic, and others are propelling the demand for 3D printing. 3D printing plays a vital role in enhancing data visualization during diagnosis, treatment planning, and surgical procedures for cardiology. According to the World Health Organization (WHO) report 2021, it was estimated that over 17.9 million fatalities in 2019 were caused by cardiovascular diseases, accounting for nearly 32% of all deaths worldwide. Additionally, according to the National Library of Medicine, India has the highest global burden of cardiovascular disease (CVD). It is projected that approximately 4.77 million CVD-related fatalities in India during 2020, which is an increase from 2.26 million in 1990. \Hence, the increasing incidences of cardiovascular illness are accelerating the growth of the market. Moreover, the rising technological developments, as well as the heavy investments in R&D activities are presenting various lucrative opportunities over the forecasting years. However, the high cost associated with 3D printing and the lack of skilled labor is hampering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Healthcare 3D Printing Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing investments for R&D facilities, development of 3D printing-based products, and rising awareness among patients. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising focus on the advancement of healthcare infrastructure, and increasing demand for customized medical equipment in the market space.
Major market players included in this report are:
- Envision TEC
- Stratasys Inc.
- Materialise NV
- 3D Systems Software
- Bio-Rad Laboratories
- Simbionix
- RegenHU Ltd.
- Bio3D Technologies Pte Ltd.
- 3D Matters Pte Ltd.
- 3D Systems Corporation (3DS)
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Recent Developments in the Market:
In October 2021, Henkel announced the introduction of its new class of 3D Printing resins for healthcare applications under its leading Loctite brand.3D Printing resins for healthcare applications. The broad portfolio of high-performance photopolymers delivers a variety of biocompatibility standards from safe-to-touch parts to medical devices.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Raw Materials, Application, Technology, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Raw Materials:
Ceramics
Metals
Polymers
Biological Cells
By Application:
Surgical Guides
Implants
Surgical Instruments
Bioengineering
By Technology:
Electron Beam Melting
Laser Beam Melting
Photopolymerization
Droplet Deposition
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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This report answers the following key questions:
- How big is the market as a whole in 2021? What rate of market expansion is anticipated between 2022 to 2030?
- Which region would experience a high demand for goods in the years to come?
- What are the variables promoting the market’s expansion?
- Which sub-market will have the most impact on the market?
- What market opportunities exist for established and new players?
- What different short-term and long-term tactics have the market players adopted?
With regard to the COVID-19 Outbreak Impact Analysis:
- In light of COVID-19, the report examined market trends.
- On the basis of the upstream and downstream markets, the study examined COVID-19’s effects on the manufacturing industry’s supply chain.
- We examine how COVID-19 has affected diverse regions and significant nations.
- It is noted how COVID-19 will affect the industry’s future growth.
Examined in the study are:
- Market behavior, risk, and opportunity levels
- An assessment of end-industry behavior and opportunity
- An anticipated timeline for industry recovery.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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