Global Healthcare Additive Manufacturing Market Size is estimated to expand rapidly in the coming years, at a CAGR of 21.5 % from 2018 to 2025. In 2017, the global market valuation was USD 0.95 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Growth is pushing increased demand for customized medical goods such as implants combined with the advent of sophisticated techniques to create both easy and complicated models. Additive Manufacturing (AM) enables the manufacture, using traditional machining, molding and die, of complicated models that are too complicated or costly to create. It is also excellent for fast prototyping and provides a vibrant and design-oriented method. AM is perfect for quick 3D CAD prototyping, eliminating large processes and related heavy costs.
Additive manufacture has the ability to provide economical techniques for the achievement of complicated, tailored health components such as tissues, organs, orthopedic and cranial implants, dental prostheses, and others as the next industrial revolution in manufacturing. In the close future, high supply and unsatisfied demands for the healthcare industry will boost the development of the industry, owing to an increase in the number of operations and the incidence of chronic disorders. Expiring patents have published the monopoly power of the additive industry's founders. For example, in 2009 the patent for printing techniques for Fused Deposition Modelling (FDM) expired. The expiry of the copyright led to a massive fall in prices for FDM machines, and firms such as Ultimaker and MakerBot had consumer-friendly 3D printers. The increase in the amount of participants in the industry has been seen with the expiry of patents.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global healthcare additive manufacturing market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global healthcare additive manufacturing market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Application Insights: On the basis of application, global healthcare additive manufacturing market has been segmented into medical implants, prosthetics, wearable devices, tissue engineering, others. As the largest segment in 2018, medical implant has been identified. The growing use of orthopedic implants may be ascribed to this. The growing population of geriatrics has resulted in an increased supply for orthopedic procedures such as hip and knee substitutes. Trauma-related systems like spine implants are also increasingly needed. In the dental sector additive production is increasingly being used. Oral tests are used to create precise and personalized alternatives for dental issues, such as lines and crowns and towers. It is an emerging technology and is especially designed in the dental sector with many devices and equipment.
By Material Insights: On the basis of material, global healthcare additive manufacturing market has been segmented into metals and alloys, polymers, biological cells, others. In 2018 the section of polymers fabric was the biggest section. The fabric is widely used to create medical devices, prostheses and associated equipment in the healthcare industry. In combination with countless polymer product characteristics, synthetic versatility and adaptability have made plastics the most widely used product category for AM technology. Also used for medical training are polymer-based designs. These designs help to diagnose, design and train, and plan preoperatively. Organ models or particular parts of the bodies may be developed to demonstrate different sensitive operations, such as osteotomies for practical purposes.
The healthcare additive manufacturing market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America was the biggest industry in the manufacture of health additives in 2018 and is projected to continue to dominate over the projected era. This is due to the existence, among other things the solid delivery network, of significant competitors such as GE Additive; 3D Systems and Stratasys Ltd. The US legislative structure will also proceed to support business development
It is expected that Asia Pacific will grow at the highest CAGR over the predicted timeframe owing to variables like economic growth and a high degree of unsatisfactory medical requirements in China and India. The growing amount of persons experiencing tooth substitution operations are causing important requirement for dental 3D printing. In conjunction with increasing arthritis incidence and the rapid improvement of the health infrastructure, increasing the use of implants in the orthopedic process promotes global market growth.
Global Healthcare Additive Manufacturing Market Size, Share Analysis by Region 2018
Global Healthcare Additive Manufacturing Market Study Objective
1. To forecast the market size of healthcare additive manufacturing market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of healthcare additive manufacturing market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of healthcare additive manufacturing market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of healthcare additive manufacturing market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide a detailed analysis of competitive and strategic developments in the healthcare additive manufacturing market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
GE Additive, 3D Systems, Inc., EnvisionTEC, regenHU, Allevi, Inc., EOS GmbH, Materialise N.V., Stratasys Ltd., Nanoscribe GmbH, GPI Prototype, and Manufacturing Services, LLC are some of the key players in the market of healthcare additive manufacturing. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Healthcare Additive Manufacturing Market Study Report Offer You!
The global healthcare additive manufacturing market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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