Global 3D Printing in Healthcare Industry was valued at USD 822 Million in the year 2017. Global 3D Printing in the Healthcare Industry is further estimated to grow at a CAGR of 20% from 2019 to reach USD 3469 Million by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, the US, China, and the U.S. are projected to grow strongly in the coming years due to the increasing density of population and funding through Research and Development.
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Major market players in 3D Printing in Healthcare Industry are 3D Systems Corp., Stratasys Ltd., SLM Solutions Group AG, EnvisionTEC, Arcam AB, Organovo Holdings Inc., Oxford Performance Materials Inc., Materialise NV, Bio3D Technologies, Cyfuse Medical K.K., and the brief overview of 9 companies is also provided in the report. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
The SWOT analysis of 3D Printing in the Healthcare Industry:
Rapidly expanding a customer base
Increasing scope of biomedical applications
Advancement in technology
Funding through R&D
Absence of structured regulatory procedure
Unfavorable reimbursement policies
The Global 3D Printing in Healthcare Industry is segmented as By Component, Technology, Application, End User, and Region. The Component segment is divided into system, materials, and services in which the system segment contributes to the highest Industry share owing to increasing adoption by various end users and several technological advancements.
The Technology segment is divided as droplet deposition, photopolymerization, laser beam melting, electron beam melting, laminated object manufacturing and others in which the droplet deposition segment holds the highest share in the Industry owing to its widespread use in healthcare applications, high heat, and chemical endurance.
3D Printing in Healthcare Industry Segmentation:
• Droplet Deposition
• Laser Beam Melting
• Electron Beam Melting
• Laminated Object Manufacturing
By End User
• Medical and surgical Centers
• Pharma and Biotech Companies
• Academic Institutions
• External wearable device
• Clinical study devices
• Tissue engineering
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa
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