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Global 3D Printing Market in Healthcare to Grow over $3.89B by 2022
January 20, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global 3D Printing Healthcare Market Estimation and Forecast, 2016-2022" report to their offering.
The 3D printing market revenue in healthcare application is expected to cross $3.89 billion mark by 2022, at an estimated CAGR of 21.9%, calculated between 2016 and 2022.
The healthcare industry is experiencing a revolutionary change due to technological advancements in the 3D printing technological framework. 3D printing in terms of 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 leading brands in the 3D printing industry are strategically focusing on the healthcare industry by increased number of launches, mergers & acquisitions, collaborations, and expansions into new geographies.
The different applications analyzed in the report are prosthetics, bio-printing, dental, medical implants, and hearing & audibility aid, among others, wherein bio-printing and prosthetics application is the fastest growing owing to its greater deal of importance in healthcare industry. While medical and dental implants has the largest share in the market in terms of both value and volume. The materials that are used in 3D printing healthcare market are expected to grow to $1.10 billion by 2022 at an estimated CAGR of 28.7%, between 2016 and 2022. The different materials that are driving the growth of the market are metal & metal alloys, polymers, and ceramics. The report also qualitatively details the analysis of different technologies that are used in the healthcare 3D printing such as SLS, EBM, and photo-polymerization.
The report analyzes the healthcare 3D printing market by different geographies such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America; wherein each region is further segmented into different countries. North America has the highest share in terms of revenue and volume of 3D printers in healthcare industry whereas the Asia-Pacific region is expected to show fastest growth rate by 2022, followed by Europe.
The report profiles 10 major players such as 3D Systems, Arcam AB, Renishaw PLC., EoS GmBH, EnvisionTec, Stratasys, Luxexcel, Organovo, and Voxeljet; whereas profiles other players such as GE Healthcare, Siemens Healthcare, Stryker, Bego Medical, Hitachi Medical, Philips Healthcare, Trumpf, Optomec, and 3T RPD.
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