Global 3D printing is adopted in the healthcare industry using additive processes and is growing at a significant pace i.e. 19.8% CAGR owing to the increasing demand for personalized medical care to produce customized medical equipment according to customer needs. Moreover, 3D printing market in healthcare offers benefits such as reducing the operative risks involved during complex procedures, decreasing the susceptibility of infections, and reducing the duration of anesthesia exposure.

The technological development in 3D printing, increased R&D investments, increasing number of patients, and growth in biomedical applications will fuel the growth in the global 3D market in healthcare.

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The COVID-19 pandemic has had an adverse impact on the 3D printing market in healthcare owing to strict lockdown and disruption in the supply chain. However, major vendors such as Stratasys Ltd helped increase demand and alleviated the shortage of nasopharyngeal swabs and face shields. The company manufactured a ready-to-use, individually packaged, sterile, 3D-printed nasopharyngeal swab and face shield.

According to the 2020 World Health Organization (WHO), one in six COVID 19 patients suffers from breathing problems. Therefore, a ventilator is required that can provide enough oxygen to the patient's lungs and remove carbon dioxide support. In Spain, innovative developments like 3D printed ventilators are underway. It cannot still be a ventilator, but an emergency unit beneficial for patients with breathing problems but not for severe cases.

ENVISIONTEC, INC. is acquired by Desktop Metal, Inc. so as to increase the production of polymer additive manufacturing. This acquisition has led to rising sales and demand in the market, thereby increasing the demand for 3D printing in healthcare.

Based on type, prosthetics and implants are anticipated to have a high CAGR during the projected period as 3D printing is being adopted on a large scale to manufacture customized prosthetics and implants from various materials including biological materials, plastics, ceramics, and metals. Moreover, new investors and medical device companies are purchasing 3D printers will fuel the growth in the 3D market in healthcare.

North America dominates the 3D printing market in healthcare owing to the established infrastructure in the healthcare sector, particularly in hospitals and diagnostic imaging centers, rising installation base for 3D printers in healthcare facilities, increasing collaborations between academic and commercial organizations in the region.

The prominent players in the 3D printing market in the healthcare industry include 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.

Source: VynZ Research