Industry Overview

The 3D printing market in healthcare has witnessed significant growth rates in the last decade, owing to the increased demand for implants worldwide. The market has seen the great requirement for surgical guides over the last few years due to rising usage of the digitally focused process for precise surgical preparation.

Market Segmentation

1. Insight by Component

i. Materials— bioprinting biomaterial, metal & metal alloys, plastic and others

ii. Service and software

iii. Equipment — 3D printers, 3D bioprinters

Service and software segment held the largest share in the 3D printing market in healthcare owing to the intensifying improvement of advanced software solutions to manufacturing high-quality 3D printed medical products. Moreover, the equipment segment is expected to register the highest CAGR in the coming years.

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2. Insight by Technology

i. Photopolymerisation

ii. Electron beam melting

iii. Laser beam melting

iv. Laminated object manufacturing

v. Droplet deposition

vi. Three-dimensional printing

Photopolymerisation has been witnessing the fastest CAGR in this segment owing to the extensive use of technology for manufacturing surgical guides, porous scaffolds, prosthetics and implants, and dental restorations systems.

3. Insight by Type

i. Surgical guides

ii. Tissue engineering products

iii. Prosthetics and implants

iv. Surgical instruments

Surgical instruments have registered the highest CAGR in this segment owing to the increased usage of the digitally focused process for precise surgical preparation.

4. Insight by End User

i. Hospitals

ii. Ambulatory Surgical centres

iii. Others

The hospitals accounted for the largest market share in the 3D printing market in healthcare and the market for ASCs is expected to witness the fastest growth during the forecast period.

Industry Dynamics

1. Growth Drivers

The key growth drivers of this industry are the following:

i. Rising need for implants

ii. Technological advancements

iii. Growing applications of 3D printing in the healthcare industry

iv. Escalating public-private funding

v. Increasing awareness regarding personal care

vi. Effortless development of customized and personalized medical products

vii. Direct digital production

viii. Expiry of key patents

ix. The increasing number of patients with dental problems and hearing loss

x. Rising healthcare expenditure

xi. Expanding geriatric population

xii. The growing need for organ transplants

2. Challenges

Some of the major challenges faced by the key players in this industry are:

i. Social and ethical concerns related to the usage of 3D-printed products

ii. Strict regulatory procedures for the approval of the 3D printed medical devices

iii. The high cost of advanced 3D printers

iv. Patent issues related to 3D printing

v. Lack of trained professionals

3. Industry Ecosystem

The newcomers in this industry are needed to adhere to strict regulatory standards while overcoming difficulties like the requirement of high initial capital investment and the intense competition in global markets. This lowers the threat of new entrant to some extent in the 3D printing in the healthcare market

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Geographic Overview

i. Asia Pacific

ii. North America

iii. Europe

iv. Rest of the World

North America holds the largest market share in 3D printing in the healthcare industry, owing to the high demand for organ implants in this region. Asia-pacific is expected to grow with the highest CAGR owing to the increasing adaptation of 3D printing medical devices in this region.

Competitive Insight

Key players in the 3D printing market in healthcare are Stratasys Ltd., Renishaw plc, Concept Laser GmbH, EnvisionTEC GmbH, 3T RPD Ltd, Materialise NV, 3D Systems Corporation, Arcam AB, Prodways Group and EOS GmbH Electro Optical Systems are the key players offering 3D printing in healthcare.

Source: VynZ Research