Market Size of Healthcare Additive Manufacturing (3D Printing) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 11.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Healthcare Additive Manufacturing (3D Printing) Market Analysis
3D printing, also known as additive manufacturing, is regarded as the next industrial revolution in manufacturing, with high potential to provide cost-effective methods to achieve complex and customized medical parts and components, such as tissues, organs, orthopedic and cranial implants, dental prosthetics, and others. The demand for customized additive manufacturing is high as customized structures as more comfortable for patients. Moreover, patent expiration will lead to the end of monopolistic control of some companies over the market, making additive manufacturing products more competitive in the market, which will improve the quality of the product. These factors have helped the market grow.
However, the cost of additive manufacturing is still high which leads to affordability issues, especially in developing and underdeveloped countries. Also, there is a lack of skilled professionals to operate these machineries. These factors have impeded market growth.
Healthcare Additive Manufacturing (3D Printing) Industry Segmentation
3D printing, or additive manufacturing is a transformative approach to industrial production that enables the creation of lighter, stronger parts and systems. In healthcare, this approach is used to create implants, instrument parts and dummy body parts and organs.
| By Technology | |
| Stereolithography | |
| Deposition Modeling | |
| Electron Beam Melting | |
| Laser Sintering | |
| Jetting Technology | |
| Laminated Object Manufacturing | |
| Other Technology |
| By Application | |
| Medical Implants | |
| Prosthetics | |
| Wearable Devices | |
| Tissue Engineering | |
| Others |
| By Material | |
| Metals and Alloys | |
| Polymers | |
| Others |
| Geography | ||||||||
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Healthcare Additive Manufacturing (3D Printing) Market Size Summary
The healthcare additive manufacturing market is poised for significant growth, driven by the increasing demand for customized and complex medical components such as tissues, organs, and implants. This technology, often referred to as 3D printing, is revolutionizing the manufacturing sector by offering cost-effective solutions that enhance patient comfort through personalized structures. The expiration of patents is expected to foster a more competitive environment, improving product quality and accessibility. However, challenges such as high costs and a shortage of skilled professionals in developing regions continue to impede market expansion. Polymers and their composites are prominently used in this sector, facilitating the creation of prosthetic limbs, medical instruments, and customized plasters, which are tailored to individual patient needs using advanced scanning and printing technologies.
In North America, particularly the United States and Canada, the healthcare additive manufacturing market is robust, supported by substantial healthcare expenditures and a growing elderly population prone to hearing loss. The demand for hearing aids and other medical devices produced through 3D printing is expected to rise, driven by the increasing prevalence of hearing disabilities. The market is dominated by established global players with significant research funding and distribution networks, although emerging players in the Asia-Pacific region are contributing to market growth. Companies like 3D Systems Inc, EnvisionTEC GMBH, and Stratasys Ltd are key players in this evolving industry landscape.
Healthcare Additive Manufacturing (3D Printing) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Demand For Customized Additive Manufacturing
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1.2.2 Patent Expiration
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1.3 Market Restraints
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1.3.1 High Costs Associated with Additive Manufacturing
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1.3.2 Lack of Skilled Professionals
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Technology
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2.1.1 Stereolithography
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2.1.2 Deposition Modeling
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2.1.3 Electron Beam Melting
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2.1.4 Laser Sintering
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2.1.5 Jetting Technology
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2.1.6 Laminated Object Manufacturing
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2.1.7 Other Technology
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2.2 By Application
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2.2.1 Medical Implants
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2.2.2 Prosthetics
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2.2.3 Wearable Devices
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2.2.4 Tissue Engineering
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2.2.5 Others
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2.3 By Material
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2.3.1 Metals and Alloys
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2.3.2 Polymers
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2.3.3 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle-East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle-East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Healthcare Additive Manufacturing (3D Printing) Market Size FAQs
What is the current Healthcare Additive Manufacturing (3D Printing) Market size?
The Healthcare Additive Manufacturing (3D Printing) Market is projected to register a CAGR of 11.5% during the forecast period (2024-2029)
Who are the key players in Healthcare Additive Manufacturing (3D Printing) Market?
3D Systems Inc, EnvisionTEC GMBH, regenHU Ltd, Allevi and Stratasys Ltd are the major companies operating in the Healthcare Additive Manufacturing (3D Printing) Market.
