Market Trends of APAC Healthcare 3D Printing (Additive Manufacturing) Industry
Wearable Devices Segment in Applications is Expected to Witness a Significant Growth in Coming Years
The next-generation tools for numerous healthcare applications are now considered wearable devices powered by developing 3D printing technology. In addition, a variety of 3D printed (bio)sensing platforms is available, including wearable oximeters, smart bandages, artificial skin, tattoo sensors, glucose sensors, lactate sensors, sweat sensors, strain sensors, tactile sensors, electroencephalography (EEG), electrocardiography (ECG), and others.
New launches of wearable devices in Asian countries are due to the increasing demand for the same. To provide innovative technologies, 3D printing is on the rise. For instance, in March 2022, Amrita University, a private university in India, launched a wearable health monitoring device. Amrita Spandanam is a wearable device that uses a finger clip to measure six body parameters: blood glucose, blood pressure, heart rate, blood oxygen, respiratory rate, and 6-lead ECG. Moreover, the wearable device integrates multiple learning models to predict the potential deterioration of a user's health.
Furthermore, in August 2022, SmartCardia launched the 7L patch, their 7-lead cardiac monitoring patch in India. This state-of-the-art patch monitor combines medical wearable technology with artificial intelligence (AI) to provide predictive and personalized patient insights through remote monitoring. Such product launches provide portable patient monitoring with the help of sensors embedded into them. Such product launches in the market are expected to boost the wearable devices segment in the coming future.
Japan is Expected to Witness a Strong Growth in Coming Years
Japan is one of the most advanced countries in terms of technological innovations. Regarding the 3D printing market, Japanese tissue engineering specialists believe that 3-D printing technology will help regenerative medicine advance because it can economically produce human tissue.
Wearable sensor technology is largely growing in Japan, fueling the market growth. For instance, in October 2022, Biocorp, a French company specializing in designing, developing, and manufacturing innovative medical devices, announced a partnership agreement with Novo Nordisk to commercialize Mallya, initially in Japan. Mallya is a smart sensor that directly attaches to the Novo Nordisk FlexTouch insulin pens and can monitor blood glucose. With such key developments from the companies, it is believed that 3D printing technology will be increasing in the coming years across Japan.
Furthermore, in July 2021, Terumo Corporation launched Japan's Dexcom G6 continuous glucose monitoring system. Dexcom, Inc., based in the United States, manufactures the product, and Terumo holds the exclusive distribution agreement in Japan. The device includes a wearable monitoring sensor. Such developments are likely to bolster the market's growth studied in the forecast period.
TCT Japan (Formerly 3D Printing Japan) is a significant additive manufacturing and 3D printing event that attracts specialists from the industry to Tokyo to discuss the difficulties of implementing new technologies into the Japanese manufacturing business. Hence, with such events, people across the country are becoming more educated about 3D printing technology, which is surging the market growth.
