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3D Printing In Healthcare Global Market Size, Share, Growth and Trends Analysis 2033 | Key Players: Stratasys Ltd., Arcam AB, The ExOne Company, EnvisionTEC GmbH, Allevi Inc.
3D Printing In Healthcare Market
According to The Business Research Company's, the 3d printing in healthcare market size has grown rapidly in recent years. It will grow from $1.73 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The growth in the historic period can be attributed to medical imaging advancements, customization for patient care, regulatory approval and standards, rising chronic diseases, increasing healthcare expenditure.
The 3d printing in healthcare market size is expected to see rapid growth in the next few years. It will grow to $4.24 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to emergence of bioprinting, telehealth and remote medicine, increasing aging population, government initiatives and funding, patient education and engagement. Major trends in the forecast period include bioprinting advancements, personalized implant manufacturing, integration of artificial intelligence (ai), development of 3d-printed pharmaceuticals, application in dental prosthetics and orthodontics..
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Market Drivers and Trends:
The increasing government funding for 3D printing is expected to propel the growth of 3D printing in the healthcare market going forward. Government initiatives refer to specific actions, programs, or policies undertaken by a government at the local, regional, or national level to address a particular issue, achieve specific goals, or promote the well-being of its citizens and the overall development of the country. Government funding in 3D printing revolutionizes the old design process and helps in developing a new formula to optimize individual patient therapy. For instance, in in April 2022, according to the Hamburg News, a Germany-based platform that provides information about the latest developments, and trends in and around the Hamburg metropolitan region, The University Hospital Hamburg-Eppendorf (UKE) secured €2 million ($2.13 million) from the European Union's REACT-EU program for two investigative research projects. These projects focus on the use of 3D printing and artificial intelligence to create medications and implants. Therefore, the increasing government funding for 3D printing is driving 3D printing in healthcare market.
Major companies operating in 3D printing in the healthcare market are increasing their focus on developing the newest-generation products with advanced technologies to gain a competitive edge in the market. Dental 3D printer leverages digital light processing (DLP) technology combining advanced resin science with 3D printing technology and delivers superior strength, aesthetics, and durability. For instance, in February 2022, Desktop Health, a US-based company that focuses on creating and offering solutions related to 3D printing and fabrication, launched Einstein, the most precise dental 3D printer, and Flexcera Smile Ultra+ Resin, a dental resin for 3D printed dental restorations utilizing digital light processing (DLP) technology. The combination of 3D printers and materials, helps dental professionals to deliver accurate, 3D printable smiles customized to the individual patient for both permanent and temporary dental restorations on a wide range of applications. The advanced Flexcera Smile Ultra+ has received FDA 510(k) clearance as a Class 2 medical device, designed for enduring, printable dental restorations.
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Major Key Players of the Market:
General Electric Company, Hewlett-Packard Company, Stratasys Ltd., EOS GmbH - Electro Optical Systems, 3D Systems Corporation, Proto Labs Inc., Formlabs Inc., Materialise NV, Ultimaker BV, SLM Solutions Group AG, Arcam AB, The ExOne Company, EnvisionTEC GmbH, Concept Laser GmbH, MedPrin Regenerative Medical Technologies Co. Ltd., Medical Molding Inc. , Nanoscribe GmbH & Co. KG, Oxford Performance Materials Inc. , Aspect Biosystems Ltd., FlashForge Corporation, Cyfuse Biomedical K.K., Mcor Technologies Ltd., Anatomics Pty. Ltd. , Organovo Holdings Inc , 3D Bioprinting Solutions , Allevi Inc.
3D Printing In Healthcare Market 2024 Key Insights:
• The 3d printing in healthcare market is expected to grow to $4.24 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%.
• Growing Emphasis On Government Funding For 3D printing Is Anticipated To Fuel The 3D Printing In Healthcare Market Growth
• Introduction Of Advanced 3D Printing Technologies For Dental Restorations
• North America was the largest region in the 3D printing in healthcare market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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