The global healthcare additive manufacturing market size was valued at USD 1.34 billion in 2020 and is estimated to register a rapid compound annual growth rate (CAGR) of 21.8%. The increasing need for customized medical products, such as implants, and the introduction of advanced technologies to make various products of simple as well as complex designs are driving the market growth.
Additive Manufacturing (AM) allows the manufacturing of more complex designs that are too difficult or expensive to make using traditional machinery, milling, molds, and dies. It also excels at rapid prototyping. It offers a more dynamic and design-driven process. Additive manufacturing is ideal for making prototypes quickly using 3D CAD and eliminates the lengthy process and high costs associated with the same.
Request a Free Sample @: https://www.grandviewresearch.com/industry-analysis/healthcare-additive-manufacturing-market/request/rs1
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 & components, such as tissues, organs, orthopedic & cranial implants, dental prosthetics, and others. High demand & unmet needs identified in the healthcare sector due to a rise in the number of surgeries and increasing prevalence of chronic disorders are anticipated to aid growth over the forecast period.
Key Player Mentioned:
- GE Additive (General Electric)
- 3D Systems, Inc.
- EnvisionTEC GmbH
- RegenHU
- Allevi, Inc.
- EOS GmbH (Electro Optical Systems)
- Materialise N.V.
- Stratasys Ltd.
Product Segment Analysis:
- Stereolithography
- Deposition Modeling
- Electron Beam Melting
- Laser Sintering
- Jetting Technology
Application Segment Analysis:
- Medical Implants
- Prosthetics
- Wearable Devices
- Tissue Engineering
- Others
Access Press Release @ https://www.grandviewresearch.com/press-release/global-healthcare-additive-manufacturing-market
Regional Segment Analysis:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
The supply chain of various products in the healthcare industry was disrupted owing to the coronavirus pandemic. The shortage of medical supplies was recompensated to a great extent through additive manufacturing. For instance, in 2020, Isinnova introduced the Charlotte valve that is a 3D-printable mask connector design intended to fit and connect Decathlon’s Easybreath snorkeling masks to Continuous Positive Airway Pressure (CPAP) machine. Such innovations will drive the growth of the overall market over the forecast period.
Additive manufacturing is also increasingly used in the dental industry. Scans of the patient’s mouth are used to make accurate and customized solutions to fix problems associated with dental care. Examples include crown and bridges, and aligners. It is a growing technology in this industry and there are many machines and materials built particularly for the dental market.
COVID-19 Impact:
The outbreak of the COVID-19 pandemic has significantly increased the demand for antiviral medicines globally. The treatment of novel coronavirus has increased the demand for broad-spectrum Glucose to manage the disease. Remdesivir, favipiravir, oseltamivir, and other combination medicines are highly prescribed for the treatment of COVID-19. Moreover, governments are increasing funding to pharmaceutical companies to develop novel therapeutics against COVID-19. For instance, in June 2021, the U.S. government has announced an investment of more than USD 3 billion to fasten the discovery, development, and manufacturing of antiviral medicines for COVID-19 treatment. The rising incidence of disease coupled with increasing R&D will increase the demand for Glucose in the next 2 to 3 years.
Good Reasons to Buy a Global Healthcare Additive Manufacturing Market Report:
- Offers detailed market breakdown and data triangulation that will help guide the market trends.
- The methodology used in the report gives the absolute authentic data that helps advising whether the market has an opportunity in the upcoming years.
- Provides a detail analysis about the Covid-19 impact on the market and how it will help boost the market in the near future.
- Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for the better opportunities in the market.
- Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.
About Grand View Research
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
A study by Market Research Future (MRFR) reports that the global 3D printing medical devices market is likely to witness exponential growth over the forecast period 2018 to 2023.
Several therapies also make use of the 3D printing technology which includes the formation of limb prosthetics, plastic tracheal splints, titanium alternatives for hips & jaws etc.
The 3D printing medical devices market has the potential to grow exponentially due to the constant technological upgradations taking place in the industry, fast paced customer base, investment in research and development, and growing scope for biomedical application options.However, the high-priced printers, restricted technical skills in medical devices, biocompatibility concerns related to 3D printed medical devices, and often unfavorable reimbursement policies are likely to hinder the market growth substantially.Segmentation:MRFR’s take on the Global 3D Printing Medical Devices Market has its foundation on the segments like component, types, application, technology, and end-users.
By type, the global market for 3D printing medical devices includes prosthetics & implants, surgical instruments, surgical guides, and tissue engineering product.
The software & services segment has better opportunities to cover the market on a greater way.
By end-users, the report on the global market for 3D Printing Medical Device comprises academic institutions, medical & surgical centers, pharma & biotech companies, hospitals, and contract research organization.Competitive Analysis The advancement of the market is spurred by the initiatives of the leaders in the global market, who are dedicating resources to the development of the overall market.
Our online world trade Import Export data answering all with following questions.
• What are they importing into U.S or exporting from U.S.?
• Who are the suppliers they get supplied from or supply to?
• What is the volume of the goods imported and exported?
• How often do the transactions take place?
At Corpiness World Trade Report, our database encourages international business professionals and we have updated Global Import export data available on any product import by sea way to all parts of the world.
