The
global Healthcare
Additive Manufacturing Market size is expected to reach USD 4.3
billion by 2026, according to a new report by Grand View Research, Inc. It is
anticipated to expand at a CAGR of 20.8% during the forecast period. Increasing
need for customized medical products such as implants coupled with the
introduction of advanced technologies to produce simple as well as complex
designs is driving the growth.
Benefits
of Additive Manufacturing (AM) such as application of advanced technologies;
use of wide range of materials like metal, plastics, and polymers; flexibility
in design; build speed; dimensional accuracy; and ability to produce complex
parts or geometry such as cooling channels and honeycomb structure drive it
preference over conventional manufacturing.
Production
of implants and prosthetics is the largest application for additive
manufacturing in the healthcare industry. Increasing demand for orthopedic
procedures such as knee ND hip replacements due to the rising geriatric
population is anticipated to bode well for the market growth. Trauma-associated
devices like spinal implants are also anticipated to witness increased demand
over the forecast period. Moreover, rising demand for dental implants driven by
increasing application coupled with preference for prosthetics is expected to
drive the market for healthcare additive manufacturing.
North
America and Europe have led the healthcare additive manufacturing market in
terms of both the revenue and market share in the past. Increased R&D
activities, advanced healthcare system, presence of leading 3D printing
machinery manufacturers and material suppliers, along with progressive
healthcare system are projected to drive the growth of the market in these
regions. North America is anticipated to continue holding the largest market
share during the forecast period.
Browse Details of Reports @ https://www.grandviewresearch.com/industry-analysis/healthcare-additive-manufacturing-market
Further key findings from the report suggest:
- Laser
sintering accounted for the largest market share in 2018 owing to the
ability of this technology to produce a number of pieces at a time
- Polymers was
the largest material segment in 2018 due to high usage of the material in
creating medical instruments, prosthetic limbs, and other such accessories
- North
America dominated the healthcare additive manufacturing market with the
largest share of 34.9% in 2018. Presence of a large pool of additive
manufacturing companies with a robust distribution network in the U.S. is
anticipated to fuel the regional growth
- Asia Pacific
is projected to witness the fastest CAGR of 27.0% during the forecast
period, attributed to the high demand for dental 3D printing driven by
rising number of people undergoing tooth replacement surgeries
- Few of the
key market players include GE Additive; 3D Systems, Inc.; EnvisionTEC;
regenHU; Allevi, Inc.; EOS GmbH; Materialise N.V.; Stratasys Ltd.;
Nanoscribe GmbH; GPI Prototype; and Manufacturing Services, LLC.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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