Healthcare 3D Printing Market Overview
Healthcare 3D Printing Market was valued at US$ 2.5Billion in 2024 and is projected to grow at a CAGR of 9.60% to reach US$ 5.7 Billion by 2034.
3D printing has become the main tool in medical industry. 3D printing is an additive manufacturing technique which creates three dimensional objects by building up successive layers of raw materials like metals, ceramics, and plastics. The objects are produced from digital file which are rendered from computer aided design (CAD) drawing and from magnetic resonance image (MRI). 3D printing is used for creation of patient matched products which is based on patient’s anatomy, for example – dental restoration, cranial implants and joint replacement. Creation of 3D printing medical products is based on patients imaging data. Medical devices which are printed at the point of care that includes, prosthetics, patient-matched anatomical models, and surgical guides a tool which help in guiding surgeons on where to cut during operations. Hospitals in United States with centralized 3D printing facility is growing rapidly. 3D printing has potential applications in other product areas like unique dosage forms or formulations, which enables slower or faster absorption. FDA has regulated the medical products made by 3D printing. FDA has classified this 3D printing devices based on their regulatory control and risk level which are necessary for providing reasonable assurance of safety & effectiveness. Class I devices are at lower risk and includes product like handheld surgical instruments and bandages. Class II devices are at moderate risk and includes infusion pumps. Class III devices are at high risk and includes product like which are life-sustaining, life-supporting and substantially important in preventing impairment of human health. 3D printing has applications in bio-printing artificial organs & tissues, bone & joint reconstruction, creates custom 3D printed tools for medical industries, provide detailed visualization, and also used in dental applications. However, wide variety of applications has given the positive impact on Healthcare 3D Printing Market growth.
Healthcare 3D Printing Market Drivers & Restraints
Rising surgical procedures, wide applications and rate of urbanization has become the driving factor in Healthcare 3D Printing market. Increase in chronic diseases like diabetes, cancer, heart disease, kidney disease, respiratory disease, injuries has given rise in surgical operations. Increase in population and rate of urbanization has led to change in living life of people like unhealthy lifestyle, unhealthy food, lack of exercise, excess use of alcohol, tobacco which causes number of chronic diseases. According to data (PubMed Central, 2020), 50% of the U.S. population is affected with chronic diseases. 3D printed parts are used for guiding the surgeon during surgery & makes sure that implants are positioned perfectly and thus able the doctor to be more prepared and able to be 100% focused on patient. 3D printing has benefitted the modern world by producing extremely accurate & detailed anatomical models which help surgeons to prepare for complex procedures which results in improved outcomes at lower costs. Healthcare 3D Printing has cut the time that spent in surgery. 3D printing has revolutionized the spinal procedures, ankle, hip, & knee replacement surgeries, splints for setting fractures & prosthetics, jaw, heart and shoulder operations, etc. 3D printing helps in producing prototypes. 3D printing has applications in bio-printing artificial organs & tissues, bone & joint reconstruction, creates custom 3D printed tools for medical industries, provide detailed visualization, and also used in dental applications. According to data published by United Nations in 2018, about 55% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, the growth in surgical procedures, wide applications and population in urban areas boosts the demand for Healthcare 3D Printing market.
Restrains:
Due to lack of economies of scale the 3D printing cost in healthcare for mass production of new drug, generic prosthetic, etc. is higher and expensive. Limitations due to issues of raw materials as they are costly may somewhat restrain the Healthcare 3D Printing market.
Healthcare 3D Printing Market Segmentations & Regional Insights
The Healthcare 3D Printing Market is segmented based on product, technology, application and region.
On the basis of Product, the Healthcare 3D Printing Market is segmented into Laser Based, Syringe Based, Inkjet Based, Magnetic Levitation. On the basis of Technology, the target market is segmented into Stereo-lithography, Selective Laser Sintering (SLS), Fused Deposition Modelling (FDM). On the basis of Application, the target market is segmented into Implants, Tissue Engineering, Clinical Study Devices, External Wearable Devices, and others.
Regional Insights:
On region the Healthcare 3D Printing Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements. Moreover, rising prevalence of chronic diseases, rising research & development activities, adoption of technological advancement, presence of major key players is anticipated to increase demand for Healthcare 3D Printing in the region.
Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
Market Segmentation |
By Product - Laser Based, Syringe Based, Inkjet Based, Magnetic Levitation By Technology – Stereo-lithography, Selective Laser Sintering (SLS), Fused Deposition Modelling (FDM) By Application - Implants, Tissue Engineering, Clinical Study Devices, External Wearable Devices, and others
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Healthcare 3D Printing Market report based on product, technology, application and region:
Healthcare 3D Printing Market, By Product:
- Laser Based
- Syringe Based
- Inkjet Based
- Magnetic Levitation
Healthcare 3D Printing Market, By Technology:
- Stereo-lithography
- Selective Laser Sintering (SLS)
- Fused Deposition Modelling (FDM)
Healthcare 3D Printing Market, By Application:
- Implants
- Tissue Engineering
- Clinical Study Devices
- External Wearable Devices
- Others
Healthcare 3D Printing Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Healthcare 3D Printing Market Competitive Landscape & Key Players
The key players operating the Healthcare 3D Printing Market includes, 3D Systems Inc., Formlabs Inc., Materialise NV., The ExOne Company, General Electric Company, Bio3D Technologies, Organovo Holdings Inc., Stratasys Ltd., Proto Labs Inc., SLM SOLUTIONS GROUP AG., and others.
Healthcare 3D Printing Market Recent News
Recent Development:
- In February 2022, 3D Systems Inc. has announced the agreement to acquire Kumovis a German-based additive manufacturing provider of solutions for personalized healthcare applications. This agreement will help in providing unique extrusion printing technology for medical grade polymers with expansion of addressable market for personalized healthcare solutions, and able to provide 3D printed medical devices in PEEK which help in delivering the optimal solutions that are tailored for end-user and enhance the patient experience.
- In November 2022, Formlabs has announced the partnership with Digital Smile Design to advance dental 3D printing. This new partnership has developed the robust 3D printing digital workflow solutions & curricula which will bolster the efficiency & patient treatment outcomes in dentistry.
Healthcare 3D Printing Market Company Profile
- 3D Systems Inc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Formlabs Inc.*
- Materialise NV.
- The ExOne Company
- General Electric Company
- Bio3D Technologies
- Organovo Holdings Inc.
- Stratasys Ltd.
- Proto Labs Inc.
- SLM SOLUTIONS GROUP AG
“*” marked represents similar segmentation in other categories in the respective section
FAQs
The Healthcare 3D Printing Market is segmented into product, technology, application and region.
Healthcare 3D Printing Market is driven by factors like rising surgical procedures, wide applications and rate of urbanization.
By region, the Healthcare 3D Printing Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements.
The key players operating the Healthcare 3D Printing Market includes, 3D Systems Inc., Formlabs Inc., Materialise NV., The ExOne Company, General Electric Company, Bio3D Technologies, Organovo Holdings Inc., Stratasys Ltd., Proto Labs Inc., SLM SOLUTIONS GROUP AG., and others.