The global healthcare 3D printing market is
estimated to grow at a CAGR of 15.6% from 2014 to 2020 on account of growing
need for manufacturing automated products. Rising geriatric population and
increasing healthcare requirements across the globe have been majorly driving
demand. Rise in number of orthopaedic and cardiovascular disorders occurring
prominently among the aged population have resulted in an increased demand for
these printing facilities.
Healthcare
3D printing market provides significant opportunities for manufacturing various medical
equipment including dental implants, prosthetic limbs, hearing aids and
orthotic footwear. Government initiatives to develop healthcare infrastructure
and rising investments for R&D are some of the factors driving growth. The
ability of the technology to reduce the risks involved with anaesthesia during
prolonged surgeries has been another factor resulting in their increasing
demand. The market is estimated to be worth USD 1.13 billion by 2020.
Polymers
captured over 35% of the overall market share in 2013, dominating the raw
material segment of the healthcare 3D printing industry. They are primarily
used in bio-model printing.
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Further key findings from the study suggest:
- Ceramics are commonly used for manufacturing tooth or mandible (jaw bone). Increasing occurrences of tooth problems including fractures and decays resulting in replacement of crowns or entire teeth is expected to propel demand for biocompatible materials including ceramics. The market is expected to grow at a CAGR of 15.6% over the forecast period.
- Implants accounted for over 60.0% of the global market share in 2013. They are not only cost effective but also provide accuracy which is expected to fuel demand. Customized orthopaedic implants increase performance as they reduce time duration of surgeries. Also, it is convenient and less expensive to tailor 3D printed parts. Dental printers provide metal and wax prosthetics. Rising consumer awareness regarding maintaining oral health is expected to bolster growth over the projected period.
- Photo-polymerization technology is extensively utilized by research organizations to produce accurate and efficient bio-models. It was valued over USD 140.0 million in 2013 dominating the global industry. However, laser beam melting is estimated to grow at a CAGR exceeding 16% from 2014 to 2020, thus, becoming the fastest growing technology. It is mostly used for producing orthopaedic implants.
- North America accounted for over 35% of the global revenue dominating the regional industry in 2013. Rising awareness among patients, mounting investments for dedicated R&D facilities, advanced healthcare infrastructure coupled with development of 3D printing-based products are expected to drive demand in the region over the forecast period.
- Rising demand for customized medical equipments and huge investments in R&D programs in Europe are expected to make it the fastest growing market in the next few years. Increasing healthcare investments and expenditures in emerging economies of Asia Pacific are expected to drive demand at a rapid pace over a period of six years.
- Prominent players in the industry include Envision TEC, Materialise NV, Stratasys Inc., 3D Systems Software, Organovo, Bio-Rad Laboratories, SOLS, Metamason, Simbionix, RegenHU Ltd., Youbionic, 3D Matters Pte Ltd., 3D Systems Corporation (3DS), Roche Pharmaceuticals, Ekso Bionics, Renishaw plc., Delcam India, Robohand, Worrell, Archam, ALD Vacuum Technologies and Rainbow Biosciences.
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