The utilization of 3D-printed anatomical models has significantly enhanced surgical planning and training. These models physically represent a patient's anatomy, enabling surgeons to thoroughly examine and analyze it before undertaking complex procedures. Surgeons can simulate surgical steps, practice intricate maneuvers, and develop effective strategies to optimize patient outcomes. This hands-on approach facilitates valuable insights, mitigates surgical risks, and improves surgical precision, resulting in enhanced patient safety and superior surgical outcomes within the healthcare 3D printing market.
According to Data Bridge Market Research, the Healthcare 3d Printing Market accounted for USD 2.09 billion in 2021 and is further estimated to reach USD 10.80 billion by 2029, and is expected to grow at a CAGR of 22.8% during the forecast period of 2022 to 2029.
“Growing public-private funding for 3D printing activities drives the market”
The healthcare 3D printing market benefits from a distinguished outpouring in public-private funding. Governments, research institutions, and private investors are increasingly identifying the probability of 3D printing technology in healthcare and are providing substantial financial support to drive its growth. This funding is facilitating research and development activities, innovation in materials and equipment, and implementing 3D printing solutions in healthcare settings. The availability of such funding promotes collaboration, accelerates technological advancements, and expands the adoption of healthcare 3D printing, thereby contributing to the overall growth and development of the market.
What restraints the growth of the healthcare 3D printing market?
“Lack of skilled professionals hinder the market”
The lack of skilled professionals significantly restricts the growth of the healthcare 3D printing market. The complex nature of 3D printing technology requires trained experts who can effectively operate and manage the printing processes. However, there is a shortage of professionals with the necessary expertise in this specialized field. This scarcity hinders the widespread adoption of healthcare 3D printing and limits its potential impact. Addressing this skills gap through education, training programs, and knowledge transfer initiatives is essential to overcome this restraint and foster the growth of the healthcare 3D printing market.
Segmentation: Healthcare 3D Printing Market
The healthcare 3D printing market is segmented on the basis of modality, components, technology, application, medical specialty, and end user.
- On the basis of modality, the healthcare 3D printing market is segmented into standalone, integrated.
- On the basis of components, the healthcare 3D printing market is segmented into material, hardware, software, and services.
- On the basis of technology, the healthcare 3D printing market is segmented into bioprinting, droplet deposition/extrusion-based technologies, photopolymerization, laser beam melting, electron beam melting (EBM), 3DP/adhesion bonding/binder jetting, and others.
- On the basis of application, the healthcare 3D printing market is segmented into medical, surgical, pharmaceutical, and others.
- On the basis of medical specialty, the healthcare 3D printing market is segmented into orthopedics, dental, cardiovascular, craniomaxillofacial (CMF), neurosurgery, oncology, and others.
- On the basis of end user, the healthcare 3D printing market is segmented into medical and surgical centers, research centers and academic institutions, pharmaceutical and biotechnology companies, others.
Regional Insights: North America dominates the healthcare 3D printing market
North America dominates the healthcare 3D printing market with the presence of key market players and increasing production capacities. The region's rising healthcare expenses also contribute to market growth.
Asia-Pacific is expected to experience significant growth in the healthcare 3D printing market due to the increasing adoption of 3D and 4D technologies such as Youbionic's bionic hand, enhancing overall user experience. The region's ongoing infrastructure development and rising healthcare expenses further drive market growth.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-healthcare-3d-printing-market
Recent Developments in Healthcare 3D Printing Market
- In August 2020, Siemens Healthineers completed the acquisition of Varian Medical Technologies, Inc. This strategic move aimed to integrate the 3D printing assets of both companies and strengthen Siemens Healthineers' position in the market. By combining their resources and expertise, the acquisition allowed Siemens Healthineers to expand its offerings and provide innovative solutions in the healthcare sector.
The Prominent Key Players Operating in the Healthcare 3D Printing Market Include:
- Carbon, Inc. (U.S.)
- Formlabs (U.S.)
- 3T Additive Manufacturing Ltd (U.K.)
- Stratasys Ltd. (U.S.)
- 3D Systems, Inc. (U.S.)
- Organavo Holdings Inc. (U.S.)
- CYFUSE BIOMEDICAL K.K. (Japan)
- CELLINK (U.S.)
- Anatomics Pty Ltd (Australia)
- Block.one. (Germany)
- Renishaw plc (U.K.)
- SLM Solutions (Germany)
- FIT AG (Germany)
- Prodways Technologies (France)
- BOSON MACHINES (India)
- Advanced Solutions Life Sciences, LLC (U.S.)
- Tinkerine Studios Ltd. (Canada)
- Wacker Chemie AG (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of healthcare 3d printing market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Healthcare 3D Printing Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
