3D Applications In Healthcare Market

3D printed healthcare products have turned into reality with increasing customization.  They can be customized according to the patients and it is supported by strong research and development. The market however is very small compared to the conventional market and faces stiff competition. The products are highly expensive and require a lot of maintenance. High cost is the major restraint for the market. 3D printing market is expected to grow at CAGR of 20% during the forecast period of 2022-2030. There are various applications of 3D like cinema, television, automobile, construction and healthcare. Healthcare companies have entered the 3D imaging market. 3D diagnostic imaging market has the largest share (80.11%) in the overall 3D healthcare technology market.

Proven Cost Saving Case Studies Compelling the Market for 3D Printing Technology

3D Printing technology has made it possible to implant hearing aid shells, dental implants and replace hips and knees. 3D technology is accurate, reliable and a better choice over conventional methods. Most of the hearing and dental implants made of 3D printers are accurate and reliable. The normal time to replace a knee involves 4-7 days; however, by 3D technology it would take 80-90 minutes. Doctors and medical students could use 3D images for mock operations. There is huge scope in dental and fixtures market with the increase in awareness about 3D technology market. 3D technology in healthcare enables bioengineers and physicians to create an artificial ear. The ear could enable the user to hear and the device looks similar to human ear and has no side effects.

Congenital deformity called microtia is prevalent globally and deprives the individual from hearing abilities. 3D printing technology provides relief to thousands of such patients who could hear using the device. Artificial ears are made of materials that have Styrofoam like consistency. Surgeons may create ears from cow cartilage cells; however, experiments have been going on to grow human ear cartilage in various laboratories. Presently the cost incurred by the individual patient for implants are very high. The 3D technology market would cut down the total cost significantly. Knee replacement in the U.S. costs around $70,000 involving hospital charges, physiotherapy and miscellaneous which would come down to approximately $45,000-$50,000. 3D technology would eliminate the physiotherapy cost and other hospital charges. It would also save time and efforts compared to conventional technologies.

3D Implant Printing Contributes over 75% of Market Revenue

3D printing market is segmented into various categories. However, implants and surgeries are the main commercialized sectors. Implants have the highest market share with 76% of market revenues in 2021. The market is expected to grow at a CAGR of 20% during the forecast period. Surgical guides and instruments market is second highest with 23% market share. The market is expected to grow at CAGR of 23% during the forecast period.

North America Takes over Half of the Global Revenues

The market is well established in all the geographies and North America has the largest market share with almost 50% market share.The 3D printing market is growing in the Asia Pacific region. China has been working a lot in the 3D printing market. 3D imaging market is an offshoot of the traditional diagnostic imaging market. The companies working on 3D printing technology are focused on research and development. The market has two main players, Stratasys and 3D Systems. These two companies have more than xx% of market share. Currently the main players in 3D diagnostic imaging include GE Healthcare, Siemens, Philips, Toshiba and BARCO and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2022 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. the derived market estimates were further validated from top down, bottom strategies and primary research. the scope of the market is limited to the following segments of product categories and region.

By Application (2020-2030; US$ Mn)

• Surgeries
• Implants
• Others

By Imaging (2020-2030; US$ Mn)

• Ultrasound
• CT
• Mammography
• MRI
• Software

By Region (2020-2030; US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

• Pre Covid-19 situation
• Post Covid-19 situation

Key questions answered in this report 

• What are the key market segments in current scenario and in the future by product categories?
• What are the key market segments in current scenario and in the future by regions?
• What is the key impact of Covid-19 over market revenues and market determinants in the global 3D printing in healthcare market?
• What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
• What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
• How to overcome the current market challenges and leverage the opportunities in each of the market segment?
• Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
• What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?