Healthcare additive manufacturing, also known as 3D printing in healthcare, involves the development of implantable medical and biological products through techniques such as photopolymerization, powder bed fusion, material jetting, binder jetting, material extrusion, direct energy deposition, and sheet lamination. Additive manufacturing provides significant advantages over traditional subtractive manufacturing techniques such as CNC milling and casting. It enables customized low-volume production and complex geometrical parts at low costs. Additionally, 3D printing can develop novel medical products such as custom-made implants that perfectly fit a patient's anatomy.
The global healthcare additive manufacturing market is estimated to be valued at US$ 2.71 Mn in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Additive manufacturing has revolutionized medical implants and customized prosthetics over the past decade. 3D printing allows the fabrication of customized implants and medical devices conforming precisely to a patient's anatomy. It has enabled the development of perfect-fit implants, reducing post-surgery pain and improving prosthetic usability. Advanced biocompatible materials and nano-cellular structures can now be precisely printed into complex 3D geometries paving the way for regenerative medicine. 3D bioprinting of tissues and organ structures promises to revolutionize transplant medicine. Major players are focusing on new materials, precision printing technologies, and regulatory approvals to commercialize 3D printed grafts, tissues and customized living implants.
Segment Analysis
The healthcare additive manufacturing market is segmented into materials (plastics, metals), component (porous, solid), application (medical implants, biosensors, pharmaceuticals), end user (hospitals, pharmaceutical and biotechnology companies, academic institutions). The medical implants sub segment dominates the market as 3D printing helps in designing and manufacturing customized implants for patients, based on their anatomy.
Key Takeaways
The Global Healthcare Additive Manufacturing Market Demand is expected to witness high growth. The global healthcare additive manufacturing market is estimated to be valued at US$ 2.71 Mn in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024-2031.
The North America region currently dominates the healthcare additive manufacturing due to well-established healthcare infrastructure and major presence of key market players. The Asia Pacific is expected to witness fastest growth over the forecast period supported by rising healthcare expenditure and increasing R&D investments in 3D printing technologies.
Key players related content comprises Key players operating in the healthcare additive manufacturing market are Stryker Corporation, Johnson & Johnson, Medtronic plc, and CONMED Corporation . Stryker Corporation leads the global orthopedic implants market through its range of 3D printed hip and knee replacements. Johnson and Johnson is expanding its clinical research in areas like customized cranial plates and dental implants.
Explore more information on this topic, Please visit-
https://www.marketwebjournal.com/healthcare-additive-manufacturing-market-growth-and-trnds-analysis-share-size-demand-forecast/
Explore more trending article related this topic:
https://lotstoexpress.com/rise-of-microscale-3d-printing-revolutionizing-manufacturing-at-micro-level/
Comments
0 comment