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2021

3D Printing in Healthcare Market

3D Printing in Healthcare Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, Technology [Droplet Deposition, Photopolymerization, Laser Beam Melting, Electronic Beam Melting, Laminated Object Manufacturing, and Others], Application and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030

LS : Medical Devices & Supplies

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Author's: Kishor Sherkar| Swapna Singh | Roshan Deshmukh
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3D Printing in Healthcare Market Overview:

The 3D printing in healthcare market size was valued at $1,036.58 million in 2020, and is projected to reach $5,846.74 million by 2030, registering a CAGR of 20.10% from 2021 to 2030. 3D printing is a process of making dimensional solid objects in healthcare industries it is also known as additive manufacturing. The creation of a 3D printed object is achieved using additive processes. In an additive process an object is created by laying down successive layers of material until the object is created. Each of these layers can be seen as a thinly sliced cross-section of the object. It is used to produce customized medical equipment and products in healthcare sectors. In addition, 3D printing technology caters to the rise in demand for personalized medical care by providing customized medical devices based on individual needs. Furthermore, it provides several advantages over traditional reconstructive surgeries by reducing the operative risks involved during complex procedures, minimizes the susceptibility to infections, and decreases the duration of anesthesia exposure.

Moreover, technological advancements in 3D printing, customization & personalization, augmented R&D investments, presence of large patient pool, and increase in biomedical applications are the major factors driving the market growth. In addition, high cost associated with 3D printing, increase in reimbursement challenges, upsurge in copyright & patent concerns, and lack of skilled labor hamper the growth of the 3D printing in healthcare market. Rise in pharmaceutical applications and availability of bioprinting tissues & organs are opportunistic for the market growth during the forecast period. In addition, heavy investments for R&D activities, rapid expansion of customer base, increase in scope of biomedical applications, and extensive R&D activities for the advancement in 3D printers at the academic and industrial level have fueled the market growth. Furthermore, collaborations between academic institutions, hospitals, and companies have supplemented the growth of the market.

3D-Printing-in-Healthcare-Market--2021-2030

COVID-19 Impact

Coronavirus (COVID-19) was recognized in late December in Hubei province of Wuhan city in China. This highly contagious disease, caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from humans to humans. The COVID-19 pandemic has resulted in nationwide lockdowns, thereby impacting every industry vertical. According to the report of the United Nations Human Rights, the COVID-19 pandemic has threatened all the members of the society. As a result, health care systems are affected, and the effective delivery of medical care and treatment to all patients has become a challenge worldwide. The COVID-19 pandemic is an unprecedented global public health challenge, during the pandemic, global healthcare systems faced many difficult challenges due to severe shortages of hospital beds and medical equipment, patient suffering from COVID-19 having acute respiratory distress syndrome (ARDS) and these patients requires high-level respiratory support to survive.  Due to the shortage in equipment, the demand for 3D printing in healthcare market has increased drastically during pandemic. Moreover, the impact of COVID-19 on 3D healthcare was negative during pandemic. The most significant difficulty is the lack of equipment for the COVID-19 battle due to pandemic and the negative impact on the 3D printing in healthcare market, manufacturers are unable to manufacture and supply medical products due to lockdown. Lately, there is not sufficient personal protective equipment (PPE) for hospital workers on the front lines in this terrifying time. All around the world, hospitals are overwhelmed by the volume of patients and the lack of personal protective equipment including face masks, gloves, eye protection and clothing.

Component Segment Review

By component, the global 3D printing in healthcare market is categorized into system, materials and services. The system segment dominates the 3D printing in healthcare market. Moreover, several technological advancements, such as multi-material, full color 3D printers that are solar powered & portable in nature, drive the growth of the 3D printing in healthcare market.

3D Printing in Healthcare Market
By Component
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System segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.

Technology Segment Review

By technology, the 3D printing in healthcare market is segmented into droplet deposition, 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, and others (color jet printing and MultiJet printing). The droplet deposition technology segment dominates the 3D printing in healthcare market, owing to its widespread use in healthcare applications and high heat & chemical endurance. However, electron beam melting would emerge as the fastest growing segment during the forecast period.

3D Printing in Healthcare Market
By Technology
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Droplet Deposition segment is projected as one of the most lucrative segment.

Application Segment Review

By application, the 3D printing in healthcare market is segmented into external wearable devices, clinical study devices, implants, and tissue engineering. The external wearable devices segment led the global market, owing to the presence of large patient pool, liberalization of regulations for 3D printers, increase in adoption of 3D printing technology in dental clinics & hospitals, and customizations. These factors are projected to boost the market growth during the forecast period.

End User Segment Review

By end user, the 3D printing in healthcare market is segmented into medical & surgical centers, pharmaceutical & biotechnology companies, and academic institutions. The medical & surgical centers segment held the largest market share in 2020 and is expected to remain dominant during the forecast period. Various factors driving the growth of the 3D printing in healthcare market include augmented investments in 3D printing technologies by government & private bodies, increase in collaborations between academic institutes & companies. These factors have opened avenues for the growth of the 3D printing in healthcare market.

Region segment review

North America is expected to maintain its dominance during the forecast period due to the three major countries of North America considered in the report include the U.S., Canada, and Mexico. North America is dominating the market of overall 3D printing in healthcare and expected to dominate throughout the forecast period. This is attributed to widespread adoption of 3D printing technology and numerous collaborations between academic and commercial organizations in this region. In addition, technological innovations pertaining to 3D printing, increase in funding for advancement in 3D printers for healthcare, and upsurge in patient pool in this region has contributed to its dominance. Increase in acquisition, product launch, and product approval by key players of this market operate in North America turn, fuels growth of the market.

3D Printing in Healthcare Market
By Region
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North America was holding a dominant position in 2020 and would continue to maintain the lead over the analysis period.

This report provides comprehensive competitive analysis and profiles of prominent market players such as 3D Systems Corporation, Exone Company, Formlabs Inc., General Electric, Materialise NV, Oxferd Performance Materials, Inc., Organovo Holdings, Inc., Proto Labs, SLM Solutions Group AG, and Stratasys Ltd.

Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current 3D printing in healthcare market trends and forecast estimations from 2020 to 2030, which assists to identify the prevailing market opportunities.
  • An in-depth 3D printing in healthcare market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of factors that drive and restrain the growth of the global is provided.
  • The projections in this report are made by analyzing the current trends and future market potential from 2021 to 2030, in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the 3D printing in healthcare market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the 3D printing in healthcare market.

Key Market Segments

By Component

  • System
  • Materials
    • Polymers
      • Photopolymers
      • Thermoplastics
    • Metals & Alloys
    • Ceramics
    • Others
  • Services

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
    • Color Jet Printing
    • MultiJet Printing

By Application

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

By End User

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

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Market Players

  • 3D Systems Corporation
  • Exone Company
  • Formlabs Inc.
  • General Electric,
  • Materialise NV
  • Oxferd Performance Materials, Inc.
  • Organovo Holdings, Inc.
  • Proto Labs
  • SLM Solutions Group AG
  • Stratasys Ltd

3D Printing in Healthcare Market Report Highlights

Aspects Details
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By COMPONENT
  • System
  • Materials
    • Polymers
      • Photopolymers
      • Thermoplastics
    • Metals & alloys
    • Ceramics
    • Others
  • Services
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By TECHNOLOGY
  • Droplet deposition
    • Fused filament fabrication (FFF) technology
    • Low-temperature deposition manufacturing (LDM)
    • Multiple 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)
  • Electron beam melting (EBM)
  • Laminated object manufacturing (LOM)
  • Others
    • Color jet printing
    • MultiJet printing
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By APPLICATION
  • External wearable devices
  • Clinical study devices
    • Drug testing
    • Anatomical models
  • Implants
  • Tissue engineering
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By END USER
  • Medical & surgical centers
  • Pharma & biotech companies
  • Academic institutions
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

ORGANOVO HOLDINGS, INC., STRATASYS LTD, SLM SOLUTIONS GROUP AG, FORMLABS INC., 3D SYSTEMS CORPORATION, PROTO LABS, INC., MATERIALISE NV, GENERAL ELECTRIC (GE ADDITIVE), EXONE COMPANY, OXFORD PERFORMANCE MATERIALS INC.

Analyst Review

Based on the interviews with various top-level CXOs of leading companies, the 3D printing technology is expected to witness widespread adoption among potential end users, as it has rapidly replaced traditional techniques of prototyping for medical applications. Remarkable advancements and major developments have been witnessed in this field since its inception in the 1980s. Furthermore, the adoption and utilization of 3D printing are anticipated to experience significant increased, owing to heavy investments for development of better 3D printers. In addition, this technology has piqued the interest of several medical professionals, due to its increasing scope in biomedical applications. With increase in research activities, several start-up companies have been established in the Asia-Pacific region, which receive funding from public and private organizations for R&D activities related to 3D printers. Moreover, upsurge in demand for sophisticated healthcare facilities and rise in healthcare expenditure have fostered the growth of the Asia-Pacific 3D printing healthcare market.

At present, the system segment dominates the 3D printing healthcare market, owing to factors such as rise in the adoption rate, technological advancements in systems, augmented investments in R&D activities for 3D printing, and increase in biomedical applications. However, software is anticipated to grow at the highest rate during the forecast period, owing to surge in need for efficient & accurate software and increase in rate of system installation.

North America dominates the global 3D printing healthcare market in 2020, owing to widespread adoption of 3D printing technology and collaborations between academic & commercial organizations. Moreover, the Asia-Pacific region is expected to serve as the major shareholder during the forecast period, due to the funding received by various start-up companies for development of better 3D printers, and increase in healthcare expenditure.

Author Name(s) : Kishor Sherkar| Swapna Singh | Roshan Deshmukh
Frequently Asked Questions?

The total market value of 3D printing in healthcare Market is $1,036.58 million in 2020

The forecast period in the report is from 2021 to 2030

The market value of 3D printing in healthcare Market in 2020 was $5,846.74 Million

The base year for the report is 2020

Yes, 3D printing in healthcare companies are profiled in the report

The top companies that hold the market share in 3D printing in healthcare Market are 3D Systems Corporation, Exone Company, Formlabs Inc., General Electric, Materialise NV, Oxferd Performance Materials, Inc., Organovo Holdings, Inc., Proto Labs, SLM Solutions Group AG, and Stratasys Ltd.

No, there is no value chain analysis provided in the 3D printing in healthcare Market report

The key trends in the 3D printing in healthcare Market are empowers manufacturers in the medical sector to produce customized medical equipment and products.

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3D Printing in Healthcare Market

Global Opportunity Analysis and Industry Forecast, 2021-2030