The global Healthcare 3D Printing Market is estimated to grow at a CAGR of 15.6% from 2014 to 2020 on account of growing need for manufacturing automated products. Rising geriatric population and increasing healthcare requirements across the globe have been majorly driving demand. Rise in number of orthopaedic and cardiovascular disorders occurring prominently among the aged population have resulted in an increased demand for these printing facilities.
Healthcare
3D printing market provides significant opportunities for manufacturing
various medical equipment including dental implants, prosthetic limbs, hearing
aids and orthotic footwear. Government initiatives to develop healthcare
infrastructure and rising investments for R&D are some of the factors
driving growth. The ability of the technology to reduce the risks involved with
anaesthesia during prolonged surgeries has been another factor resulting in
their increasing demand.The market is estimated to be worth USD 1.13 billion by
2020.
Polymers
captured over 35% of the overall market share in 2013, dominating the raw
material segment of the healthcare 3D printing industry. They are primarily
used in bio-model printing.
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Ceramics
are commonly used for manufacturing tooth or mandible (jaw bone). Increasing
occurrences of tooth problems including fractures and decays resulting in
replacement of crowns or entire teeth is expected to propel demand for
biocompatible materials including ceramics. The market is expected to grow at a
CAGR of 15.6% over the forecast period.
Implants
accounted for over 60.0% of the global market share in 2013. They are not only
cost effective but also provide accuracy which is expected to fuel demand.
Customized orthopaedic implants increase performance as they reduce time
duration of surgeries. Also, it is convenient and less expensive to tailor 3D
printed parts. Dental printers provide metal and wax prosthetics. Rising
consumer awareness regarding maintaining oral health is expected to bolster
growth over the projected period.
Photo-polymerization
technology is extensively utilized by research organizations to produce
accurate and efficient bio-models. It was valued over USD 140.0 million in 2013
dominating the global industry. However, laser beam melting is estimated to
grow at a CAGR exceeding 16% from 2014 to 2020, thus, becoming the fastest
growing technology. It is mostly used for producing orthopaedic implants.
North
America accounted for over 35% of the global revenue dominating the regional
industry in 2013. Rising awareness among patients, mounting investments for
dedicated R&D facilities, advanced healthcare infrastructure coupled with
development of 3D printing-based products are expected to drive demand in the
region over the forecast period.
Rising
demand for customized medical equipments and huge investments in R&D
programs in Europe are expected to make it the fastest growing market in the
next few years. Increasing healthcare investments and expenditures in emerging
economies of Asia Pacific are expected to drive demand at a rapid pace over a
period of six years.
Prominent
players in the industryinclude Envision TEC, Materialise NV, Stratasys Inc., 3D
Systems Software, Organovo, Bio-Rad Laboratories, SOLS, Metamason, Simbionix,
RegenHU Ltd., Youbionic, 3D Matters Pte Ltd., 3D Systems Corporation (3DS),
Roche Pharmaceuticals, Ekso Bionics, Renishaw plc., Delcam India, Robohand,
Worrell, Archam, ALD Vacuum Technologies and Rainbow Biosciences.
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