The global Healthcare Additive Manufacturing Market is estimated to be valued at US$ 2.35 Bn in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The healthcare additive manufacturing market involves 3D printing of human tissue and organs as well as other medical equipment and prosthetics. This manufacturing process helps reduce waste and provides customized solutions based on patient needs.
Market key trends:
Earlier 3D printing was limited to creating prototypes and plastic components. However, new multi-material 3D printers allow printing of different materials like metals, ceramics, and living cells together which is enabling the manufacturing of personalized medical implants and prosthetics. The ability to 3D print complicated geometries not possible with conventional methods is fueling the demand of 3D printing technology in the healthcare sector.
Segment Analysis
The Global Healthcare Additive Manufacturing Market Size is segmented based on technology, material, application, and end user. Based on technology, the market is segmented into photopolymerization, laser beam melting, droplet deposition, electron beam melting, and laminated object manufacturing. Photopolymerization segment dominates the market and is expected to witness highest growth during the forecast period. Photopolymerization processes offer benefits such as high resolution and accuracy which makes it suitable for complex medical part prototyping and manufacturing.
Key Takeaways
The global Healthcare Additive Manufacturing market is expected to witness high growth, exhibiting a CAGR of 22.% over the forecast period, due to increasing demand for customized medical products and parts.
Regional analysis
North America dominates the global healthcare additive manufacturing market and is expected to continue its dominance over the forecast period. Presence of major players and technological advancements in the region drive the market growth. Asia Pacific exhibits the fastest growth rate over the forecast period due to growing medical industries and increasing investments in the healthcare sector in emerging countries such as China and India.
Key players
Key players operating in the healthcare additive manufacturing market are GE Additive, Stratasys Ltd., Materialise N.V., EoS GmbH, Allevi, Inc., RegenHU, EnvisionTEC GmbH, 3D Systems, Inc., Nanoscribe GmbH, and GPI Prototype and Manufacturing Services, LLC. GE Additive and Stratasys Ltd. dominate the market due to their extensive product portfolio and global presence.
The global Healthcare Additive Manufacturing market size was valued at US$ 2.35 Bn in 2023 and is expected to reach around US$ 10 Bn by 2030 growing at a CAGR of 22.% during the forecast period.
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