Global Healthcare 3d Printing Market: Alternative for Organ Transplants Translating to Market Expansion

Global Healthcare 3d Printing Market

Healthcare 3D printing is a specialized application field of 3D printing involving production of medical devices, implants and other products that are used in the healthcare industry. It involves utilizing conventional method of 3D printing and does not involve any specialized modifications other than the requirement of producing sterilized and products on the basis of specialized regulations presented by the authorities. 3D printing involves using a computer generated model of the product to be produced which is scanned with the help of (CAM) computer-aided manufacturing devices and fed to the 3D printer which subsequently uses raw materials to mold the product as per the scanned design.

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The main factors boosting the market are:

  • Increased demands for specific 3D printing: One of the most important factors boosting the rate of adoptions for 3D printing from healthcare industry is the ability to develop highly specific products and models with the help of this technology. This ability is designed to meet the growing trend of having specific and accurate products from different industrial applications, but specifically from the healthcare industry
  • Increasing applications for medical treatment: Another utilization of 3D printing technology is in the development of various medical devices which is being demanded on a large-scale as their applications for different treatment procedures. This subsequently results in greater application areas for 3D printing as they can offer highly sterilized, cost-effective production method that can be highly beneficial for physicians, patients and overall healthcare industry entirely

The market is segmented on the basis of technology as stereo lithography, deposition modeling, electron beam melting, laser sintering, jetting technology, laminated object manufacturing, others; application as medical implants, prosthetics, wearable devices, tissue engineering, others; materials as metals & alloys, polymers, ceramics, biological cells, others.

Product innovations and technological advancements in product range of players in the market:

  • In August 2019, KUMOVIS GmbH announced the launch of “R1” their first 3D printer which is based on fused layer manufacturing method and finds its application in the production of customized medical devices with the help of PEEK plastics. This method can help the healthcare industry in producing innovative products that can meet the strict regulatory demands in a highly efficient method
  • In September 2018, HP Development Company, L.P. announced the launch of “HP Metal Jet”, their most advanced 3D printer produced for high-volume manufacturing processes for metal parts. It is aimed at reducing the overall cost of production in high-volume production. The company also announced the availability of “Metal Jet Production Service” helping consumers of 3D printing to integrate 3D parts designing and integrate HP’s latest product in their business operations

“According to Data Bridge Market Research, global healthcare 3D printing market is growing at a healthy CAGR of 19.22% during the forecast period of 2019 to 2026”

Some of the major players operating in healthcare 3D printing market are 3D Systems, Inc., GE, EnvisionTEC, EOS, Integer Holdings Corporation, Materialise, Nanoscribe, Stratasys Ltd., Oxford Performance Materials, Organovo Holdings Inc., Bio 3D., Cyfuse Biomedical K.K., CELLINK GLOBAL, Formlabs, Groupe Gorgé, Renishaw plc., Proto Labs, SLM Solutions, WORRELL, INC, MobileODT among others..

Due to the focus of the healthcare industry on providing better quality of care and treatment methods, they have initiated the adoption of 3D printing technology on a large-scale. This adoption is due to the trend of having the ability to produce tissues and organs that can be used as a cost-effective and safe alternative to organ transplants from organ donors. This method of acquiring tissues and organs also provides highly customized products that can enhance the overall quality for patients.