(01.04.2019,New York): According to a new report released by Research on Global Markets Global Healthcare 3D Printing Market is expected to expand at a compound annual growth rate (CAGR) of 23.1% and reach a market size of USD 2.48 Bn by 2024. Factors such as the growing demand for customized healthcare solutions in the field of surgical and dental implants is driving the growth and popularity of 3D printing in the healthcare sector. 3D printers have increased the precision and efficiency of healthcare services in a cost-effective fashion.

According to the report, the impact and legitimacy of 3D printing depend on factors such as volume production and how well they cater to patient-specific needs. The market for healthcare 3D printers is classified on the basis of technology, application, and region.

Based on the technology, the 3D printers used in the healthcare industry are Fused Deposition Modelling (FDM), Selective Laser Sintering Sintering (SLS), Direct Metal Laser Sintering (DMLS), Stereolithography (SLA), Material Jetting, Digital Light Processing (DLP), among others. The FDM technology based 3D printing market is expected to expand at CAGR of 25%, and generate an approximate global revenue of USD 709 Mn by 2024. The popularity of this segment can be attributed to the use of FDM technology for geometric development of surgical models using a wide range of colors. DMLS is the most preferred technology for metal 3D printing.

Based on the application, the 3D printers market is segmented into orthodontics, dental implants, surgical implants, surgical guides, hearing aids, tissue engineering, prosthetics, and others. Dental implants and orthodontics are anticipated to expand at a CAGR of 21.4% and generate a revenue of USD of 231.5 Mn by 2024. The 3D printed surgical guides is expected to have a market share of 24% in 2024.

Geographically, North America is the largest market for healthcare 3Dare printers and is projected to expand at a CAGR of 22.7% and generate global revenue of 901.2 Mn by 2024. The Asia-Pacific region is expected to expand at a CAGR of 25.9% by 2024. In the Asia Pacific, China, South Korea, Japan, and India are the leading contributors to the global 3D printing market.

Key highlights of this report:
1. Trends in global conjugate vaccine market.
2. Market attractiveness analysis, and geography-wise market revenue (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
3. Qualitative analysis of the global drivers and challenges affecting the market and its segments
4. Porter’s five forces analysis.
5. Value chain analysis
6. Segmentation of the Global Healthcare 3D printing market based on technology (Fused Deposition Modelling (FDM), Selective Laser Sintering (SLS) Technology, Material Jetting Technology, Stereolithography (SLA) Technology, Direct Metal Laser Sintering (DMLS) Technology, Digital Light Processing (DLP) Technology, and Other Technology)- Historical (2016-2018) and forecasted (2019-2024) market size (USD Mn), key market observations, and market drivers and challenges.

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