North America Healthcare 3D Printing Market Size (2024 - 2029)

North America Healthcare 3D Printing Market Analysis

The North America Healthcare 3D Printing Market is expected to register a CAGR of 9.10% during the forecast period.

The factors driving the market's growth are increasing demand for customized additive manufacturing, increasing medical applications, and new patent expiration in the region. 3D printers can create very accurate and comprehensive anatomical models by assisting surgeons in planning for difficult procedures, improving outcomes, and lowering costs. For instance, in 2022, scientists from Florida Atlantic University and the University of Virginia created a robotic model of the human spine to assist surgeons in anticipating the outcomes of interventions before surgery.

Similarly, in February 2022, South Carolina-based DeGen Medical Inc., a spinal implant manufacturer focused on Augmented Reality and Patient-Specific Solutions, commercially launched Impulse AM, a 3D-printed porous titanium implant for posterior interbody fusion. Thus, the increasing demand for 3D printing for healthcare physicians is expected to boost the market over the forecast period.

Patents are important for a government-granted monopoly for a specific method for a limited period. During that period, the patent owner has exclusive rights to use the technology, and other manufacturers may not be able to effectively use the technology's benefits. 3D printing technology has been available for over 30 years, and some patents have expired in recent years. The United States Patent and Trademark Office (USPTO) sets the current patent term at 20 years from the patent application date. The rising benefits of patent expiry, such as cheaper manufacturing and development in the healthcare industry, are anticipated to drive market growth. For instance, according to the study published in the Survey of Ophthalmology in May 2022, over 12,000 patents are related to 3D printing. Many of them are linked to methods, processes, systems, software, and design, and the expiration of patents for some of the 3D printing technologies has resulted in a reduction of expenditure in the healthcare industry in manufacturing and development.

Rising demand for personalized additive manufacturing, expanding medical applications, and expiring patents are anticipated to drive market growth during the forecast period. Several factors may hinder its expansion. Notably, the high cost of additive manufacturing poses affordability challenges, particularly in developing and underdeveloped countries. Additionally, a shortage of skilled professionals to operate these machines presents a significant obstacle. These limitations are likely to curtail market growth in the region.

North America Healthcare 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.

The North American healthcare 3D printing market is segmented by technology, application, materials, and geography. The market is segmented by technology, such as stereolithography, deposition modeling, electron beam melting, laser sintering, jetting technology, laminated object manufacturing, and other technologies. By application, the market is segmented as medical implants, prosthetics, wearable devices, tissue engineering, and other applications. By materials, the market is segmented into metals and alloys, polymers, and other materials. By geography, the market is segmented as (United States, Canada, and Mexico). The report offers the value (in USD) for the above segments.