Description
The Global 3D Printing in Healthcare market accounted for a market value of USD XX billion in 2015 and is expected to reach USD XX billion by 2020, growing at a CAGR of XX % during the forecast period. 3D printing generally refers to different processes used to synthesize a three dimensional object. The 3D printing is gaining much importance in healthcare industry due to its increasing number of applications. Very recently, the 3D printing in healthcare started to gain much prominence with applications in dental, implant manufacturing, drugs and other medical applications. Bio-printing, medical & dental implants, ortho-implants and prosthetics among others is pushing the healthcare 3D printing industry to the next level. The different materials such as metal, metal alloys, plastics, and ceramics among others are helping the 3D printing technology to easily integrate with the human body. The healthcare 3D printing market provides significant opportunities for hearing aids, dental implants, prosthesis and contact lenses that are customized to the individual.
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One of the major drivers for this market is mass customization in which multiple individualized items can be produced simultaneously, saving time and energy while improving manufacturing efficiency. The major benefactors from this is dental laboratories and hearing aid manufacturers. The other factors driving this market are technological advancements leading to enhanced application, rising demand driven by the increasing medical applications and favorable funding in developed economies. However, High cost, lack of trained professionals, and stringent regulatory guidelines are turning out to be restraints for this market.
The 3D Printing in healthcare market have been segmented based on technology, applications and material. The segmentation based on technology have been sub-divided into Stereo-lithography, photopolymerization, droplet deposition, Bio-printing, Laminated object manufacturing, wax deposition modeling and electron beam melting. The segmentation based on application have been sub-divided into dental implants, hearing aids, Orthopedic implants, tissue engineering, other prosthetics, Craniomaxillofacial implants, medical equipment and drugs. By materials segmentation include metals, polymers, ceramics, biological cells and others. The metals are further segmented as steel, titanium, gold and silver, polymers are segmented as nylon, glass-filled polyamide, epoxy resins, photopolymers and plastics.
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Asia Pacific is expected to be leading this market due to increasing adoption of this technology in the forecast period along with increasing healthcare infrastructure and expenditure. The 3D printing in healthcare market have been geographically segmented into North America, Europe, Asia-Pacific,
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