Global Healthcare Additive Manufacturing Market, By Technology (Stereolithography, Deposition Modeling, Electron Beam Melting, Laser Sintering, Jetting Technology, Laminated Object Manufacturing, and Others), Application (Medical Implants, Prosthetics, Wearable Devices, Tissue Engineering, and Others), Material (Metals and Alloys, Polymers, Biological Cells, and Others) – Industry Trends and Forecast to 2031.
Healthcare Additive Manufacturing Market Analysis and Size
The healthcare additive manufacturing market is experiencing rapid growth, driven by technological advancements, increasing demand for customized medical products, and the expanding applications of additive manufacturing in the healthcare sector. The COVID-19 pandemic has further accelerated the adoption of additive manufacturing in healthcare, particularly for the production of personal protective equipment (PPE), such as face shields and masks. Additionally, the growing prevalence of chronic diseases, coupled with an aging population, is fueling the demand for personalized medical devices and implants, which can be efficiently produced using additive manufacturing technologies.
Global healthcare additive manufacturing market size was valued at USD 8.99 billion in 2023 and is projected to reach USD 42.69 billion by 2031, with a CAGR of 21.5% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Stereolithography, Deposition Modeling, Electron Beam Melting, Laser Sintering, Jetting Technology, Laminated Object Manufacturing, and Others), Application (Medical Implants, Prosthetics, Wearable Devices, Tissue Engineering, and Others), Material (Metals and Alloys, Polymers, Biological Cells, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Market Players Covered
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General Electric Company (U.S.), 3D Systems, Inc. (U.S.), ENVISIONTEC US LLC (U.S.), regenHU (Switzerland), Materialise (Belgium), EOS GmbH (Germany), Fathom (U.S.), INCREDIBLE AM PVT LTD. (India), UL LLC (U.S.), Stratasys (U.S.), Additive Manufacturing LLC. (U.S.), 3Dnatives (France), Lithoz (Austria), Dun & Bradstreet, Inc. (U.S.), AIM Sweden. (Sweden), Jabil Inc. (U.S.), Nanoscribe GmbH & Co. KG (Germany), Allevi, Inc. (U.S.)
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Market Opportunities
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Market Definition
Healthcare additive manufacturing, also known as 3D printing in healthcare, refers to the use of additive manufacturing technologies to produce medical devices, prosthetics, implants, and even biological tissue. It involves creating objects layer by layer using digital 3D models, offering customization, complex geometries, and rapid prototyping capabilities. This technology has revolutionized the healthcare industry by enabling the production of patient-specific implants, surgical guides, and anatomical models, among other applications.
Healthcare Additive Manufacturing Market Dynamics
Drivers
- Increasing Demand for Personalized Healthcare
The rise of personalized medicine has fueled a demand for customized medical solutions tailored to individual patients. Additive manufacturing plays a pivotal role in meeting this demand by enabling the creation of patient-specific implants and prosthetics. This capability not only enhances patient outcomes but also improves overall satisfaction with healthcare additive manufacturing services, which is driving the market growth.
- Rising Prevalence of Chronic Diseases
Chronic diseases like cardiovascular disorders and orthopedic conditions are increasingly prevalent, driving the need for medical devices and implants. Additive manufacturing offers a solution by allowing for the rapid production of these devices. Its efficiency in manufacturing complex and customized products aligns well with the healthcare industry's need for quick and tailored solutions, driving market growth.
Opportunities
- Technological Innovations Healthcare Additive Manufacturing
Advancements in additive manufacturing technologies, including 3D bioprinting and enhanced materials, are propelling growth in the healthcare additive manufacturing market. These technological breakthroughs are revolutionizing the production of medical devices and implants, allowing for greater complexity and customization. Additive manufacturing 3d printing, in particular, is enabling the creation of living tissues and organs, offering new possibilities for regenerative medicine and personalized healthcare. Furthermore, the development of improved materials with enhanced biocompatibility and durability is expanding the range of applications for additive manufacturing in the healthcare sector and create new opportunities for the market.
- Supportive Regulatory Environment
Regulatory bodies such as the FDA and EMA are increasingly approving additive manufacturing technologies for medical use, fostering a supportive environment for innovation and adoption in healthcare. This streamlined regulatory pathway encourages healthcare providers and manufacturers to integrate these technologies into various applications, enhancing patient care and treatment options. For instance, in the U.S., the Patient Protection and Affordable Care Act (PPACA), also known as Obamacare, ensures access to affordable, high-quality health insurance plans for residents. Moreover, favorable government measures aimed at supporting research and development in the industry drive the adoption of products made with additive manufacturing, further propelling market advancement.
Restraints/Challenges
- High Cost of Equipment and Materials
One of the major challenges hindering the widespread adoption of additive manufacturing in healthcare is the high initial investment required for equipment and materials. This cost can be prohibitive for many healthcare providers and manufacturers, limiting their ability to leverage these technologies fully. Addressing this cost barrier is crucial for the broader adoption and integration of the additive manufacturing industry in healthcare.
- Limited Material Options
While additive manufacturing provides a wide array of material options, some specialized materials necessary for specific medical applications may not be readily available. This limitation restricts the potential applications of additive manufacturing in healthcare, particularly for complex or niche medical devices. Increasing the availability and diversity of materials could unlock new possibilities for additive manufacturing in the healthcare sector.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In February 2023, Stratasys unveiled its latest innovation, the J3 DentaJet 3D printer. This cutting-edge printer enables dental laboratories to seamlessly create highly precise mixed applications in a single tray with remarkable speed
- In November 2021, Stratasys partnered with RICOH 3D for Healthcare to leverage its advanced 3D printing technology. This collaboration aims to expand access to 3D-printed, patient-specific anatomical models for medical professionals and hospitals, enhancing their service offerings
Healthcare Additive Manufacturing Market Scope
The market is segmented on the basis of technology, application, and material. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
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- Stereolithography
- Deposition Modeling
- Electron Beam Melting
- Laser Sintering
- Jetting Technology
- Laminated Object Manufacturing
- Others
Application
- Medical Implants
- Prosthetics
- Wearable Devices
- Tissue Engineering
- Others
Material
- Metals and Alloys
- Steel
- Titanium
- Others
- Polymers
- Nylon
- Glass-filled Polyamide
- Epoxy Resins
- Photopolymers
- Plastics
- Biological Cells
- Others
- Biological Cells
- Others
Healthcare Additive Manufacturing Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by country, technology, application, and material as referenced above.
The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
North America is expected to dominate the market due to several key factors, including an increasing elderly population, strong economic conditions, robust government backing for quality healthcare, and favorable reimbursement policies in the U.S. and Canada.
Asia-Pacific is expected to witness significant growth during the forecast period due to factors such as lower costs, a skilled workforce, rapidly improving healthcare infrastructure, increasing prevalence of arthritis, promising economic growth, and significant unmet medical needs among a large population. Additionally, there is a high demand for dental 3D printing, driven by an increasing number of patients seeking tooth replacement.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the market. The data is available for historic period 2016-2021.
Competitive Landscape and Healthcare Additive Manufacturing Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- General Electric Company (U.S.)
- 3D Systems, Inc. (U.S.)
- ENVISIONTEC US LLC (U.S.)
- regenHU (Switzerland)
- Materialise (Belgium)
- EOS GmbH (Germany)
- Fathom (U.S.)
- INCREDIBLE AM PVT LTD. (India)
- UL LLC (U.S.)
- Stratasys (U.S.)
- Additive Manufacturing LLC. (U.S.)
- 3Dnatives (France)
- Lithoz (Austria)
- Dun & Bradstreet, Inc. (U.S.)
- AIM Sweden. (Sweden)
- Jabil Inc. (U.S.)
- Nanoscribe GmbH & Co. KG (Germany)
- Allevi, Inc. (U.S.)
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