3D Printing Market in Healthcare Industry to grow by USD 3,434.79 million from 2022 to 2027|Increased demand for personalized or customized medical devices drives the market - Technavio

NEW YORK, July 21, 2023 /PRNewswire/ -- The 3D printing market in healthcare industry is estimated to grow by USD 3,434.79 million from 2022 to 2027, growing at a CAGR of 18.12%. North America is estimated to account for 36% of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The demand for 3D-printed healthcare products is increasing due to a rapidly aging population and the growing need for advanced healthcare services. In Canada, the population aged 65 and above is projected to exceed 7 million by 2022. With rising disposable incomes, customers in the region have access to technologically advanced healthcare services. The adoption of 3D-printed healthcare products in North America is supported by favorable government policies, the presence of local suppliers, and the increasing number of vendors developing such products. These factors are expected to drive market growth in the region.  For Comprehensive details on the market size of historic period(2017 to 2021) and forecast period (2023-2027) - View Sample report

Key Developments:

• Rapid advances in technology, intense competition, and changing dynamics in the market are the key factors for the intense competition among vendors.
• With the rising competition, the market will see consolidation. However, manufacturing complexities and high production costs pose significant risk factors for vendors in the market. 

Market Dynamics

Major Drivers & Challenges- 

Increased demand for personalized or customized medical devices is the major factor driving market growth. 3D printing enables personalization by creating patient-specific anatomical models and synthetic organs, aiding in the understanding of health conditions and treatment plans. Customized surgical instruments, including clamps, hemostats, and forceps, improve surgical outcomes and reduce discomfort. These instruments, made from biocompatible materials using 3D printing technology, offer higher precision at lower costs. The use of 3D-printed implants can minimize cosmetic deformities associated with surgeries. In the field of joint prostheses, 3D printing allows for tailored construction, enhancing patient comfort. Customized prosthetics, particularly beneficial for growing children, can be produced cost-effectively with 3D printing technology. The majority of ear-fitting hearing aids are custom-made using 3D printing, offering efficient and cost-effective customization based on the patient's unique ear canal anatomy. These factors contribute to increased market growth during the forecast period.

High initial setup cost of 3D printing facilities is a major challenge hindering the growth of the market. The widespread adoption of 3D printed healthcare products is limited by their high capital costs. These costs primarily stem from the necessary equipment for 3D printing or outsourced print service contracts, as well as sophisticated post-processing software. The price range for desktop FDM or SLA machines is typically $3,000 to $15,000, while higher-end additive manufacturing printers (SLS, material jetting, metal printing) can range from $200,000 to $850,000 or even several million dollars. Proprietary raw materials sold by 3D printer manufacturers also contribute to the high costs. Additionally, significant investments in training or hiring skilled personnel are required to ensure the production of high-quality devices. Clinical 3D printing laboratories need trained staff to handle the printing process. The time required to produce most 3D prints varies depending on the number of layers and can range from hours to days. This limits the practicality of using 3D printers for mass manufacturing unless a large number of printers are purchased and operated simultaneously. These factors are anticipated to impede the market's growth during the forecast period.

Key Trends-

Strategic collaborations and M&A is an emerging trend shaping market growth. The global 3D printing market in the healthcare industry is experiencing a rise in strategic collaborations, with research centers aiming to develop new technologies and expand the application scope of this technology. In April 2021, the Ralph H. Johnson VA Medical Center in Charleston applied for US FDA approval for its 3D-printed hearing aids. The market also shows an increasing trend in mergers and acquisitions. In March 2021, 3D Systems announced a collaboration with Huntington Ingalls Industries Newport News Shipbuilding division to develop Copper-Nickel (CuNi) and Nickel-Copper (NiCu) alloys for powder bed fusion additive manufacturing. These factors are expected to drive the market's growth during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Vendor Landscape
The 3D printing market in the healthcare industry is fragmented; the vendors are competing with competitors and are trying to get greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now
Company Profiles

The 3D printing market in the healthcare industry report includes information on the product launches, sustainability, and prospects of leading vendors, including 3D Systems Corp., Allevi Inc., Anatomics Pty Ltd., Dentsply Sirona Inc., Desktop Metal Inc., EOS GmbH, Formlabs Inc., General Electric Co., Groupe Gorge SA, INTAMSYS TECHNOLOGY CO. LTD., Materialise NV, Mecuris GmbH, Organovo Holdings Inc., Proto Labs Inc., Rapid Shape GmbH, Renishaw Plc, Roland DG Corp., SLM Solutions Group AG, Stratasys Ltd., and Ultimaker BV.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 Market Segmentation

The market is segmented by application (orthopedic and spinal, dental, hearing aids, and others), technology (stereolithography, granular materials binding, and others), and geography (North America, Europe, Asia, and the Rest of the World (ROW)).

• The market share growth by the orthopedic and spinal segment will be significant during the forecast period. 3D printing is utilized for the production of standard-sized orthopedic implants, patient-specific implants for individuals with typical bone and joint anatomy, and custom 3D-printed implants for individuals with bone or joint deformities. Increasingly, hospitals and ambulatory surgery centers are adopting 3D printing to fabricate orthopedic implants. This technology enables the manufacturing of complex structures that cannot be produced through conventional methods and facilitates the creation of devices tailored to a patient's unique anatomy. Additionally, 3D printing is employed in the fabrication of prosthetic limbs, accelerating the manufacturing process and reducing costs compared to traditional methods, while maintaining the same level of functionality. These cost-effective products are particularly suitable for children who experience rapid growth and require frequent prosthetic adjustments. These factors contribute to the growth of this segment during the forecast period.

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global 3D printing market in healthcare industry market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global 3D printing market in healthcare industry market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Technology Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Orthopedic and spinal - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Orthopedic and spinal - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Orthopedic and spinal - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Orthopedic and spinal - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Orthopedic and spinal - Year-over-year growth 2022-2027 (%)

• 6.4 Dental - Market size and forecast 2022-2027
• Exhibit 38: Chart on Dental - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Dental - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Dental - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Dental - Year-over-year growth 2022-2027 (%)

• 6.5 Hearing aids - Market size and forecast 2022-2027
• Exhibit 42: Chart on Hearing aids - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Hearing aids - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Hearing aids - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Hearing aids - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)
• Exhibit 51: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Technology

• 7.1 Market segments 
• Exhibit 52: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 54: Chart on Comparison by Technology
• Exhibit 55: Data Table on Comparison by Technology

• 7.3 Stereolithography - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Stereolithography - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Stereolithography - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Stereolithography - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Stereolithography - Year-over-year growth 2022-2027 (%)

• 7.4 Granular materials binding - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Granular materials binding - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Granular materials binding - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Granular materials binding - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Granular materials binding - Year-over-year growth 2022-2027 (%)

• 7.5 Others - Market size and forecast 2022-2027
• Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Technology 
• Exhibit 68: Market opportunity by Technology ($ million)
• Exhibit 69: Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Germany - Market size and forecast 2022-2027
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027
• Exhibit 103: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 3D Systems Corp. 
• Exhibit 119: 3D Systems Corp. - Overview
• Exhibit 120: 3D Systems Corp. - Business segments
• Exhibit 121: 3D Systems Corp. - Key news
• Exhibit 122: 3D Systems Corp. - Key offerings
• Exhibit 123: 3D Systems Corp. - Segment focus

• 12.4 Allevi Inc. 
• Exhibit 124: Allevi Inc. - Overview
• Exhibit 125: Allevi Inc. - Product / Service
• Exhibit 126: Allevi Inc. - Key offerings

• 12.5 Anatomics Pty Ltd. 
• Exhibit 127: Anatomics Pty Ltd. - Overview
• Exhibit 128: Anatomics Pty Ltd. - Product / Service
• Exhibit 129: Anatomics Pty Ltd. - Key offerings

• 12.6 Dentsply Sirona Inc. 
• Exhibit 130: Dentsply Sirona Inc. - Overview
• Exhibit 131: Dentsply Sirona Inc. - Business segments
• Exhibit 132: Dentsply Sirona Inc. - Key news
• Exhibit 133: Dentsply Sirona Inc. - Key offerings
• Exhibit 134: Dentsply Sirona Inc. - Segment focus

• 12.7 Desktop Metal Inc. 
• Exhibit 135: Desktop Metal Inc. - Overview
• Exhibit 136: Desktop Metal Inc. - Business segments
• Exhibit 137: Desktop Metal Inc. - Key news
• Exhibit 138: Desktop Metal Inc. - Key offerings
• Exhibit 139: Desktop Metal Inc. - Segment focus

• 12.8 EOS GmbH 
• Exhibit 140: EOS GmbH - Overview
• Exhibit 141: EOS GmbH - Product / Service
• Exhibit 142: EOS GmbH - Key offerings

• 12.9 Formlabs Inc. 
• Exhibit 143: Formlabs Inc. - Overview
• Exhibit 144: Formlabs Inc. - Product / Service
• Exhibit 145: Formlabs Inc. - Key news
• Exhibit 146: Formlabs Inc. - Key offerings

• 12.10 General Electric Co. 
• Exhibit 147: General Electric Co. - Overview
• Exhibit 148: General Electric Co. - Business segments
• Exhibit 149: General Electric Co. - Key news
• Exhibit 150: General Electric Co. - Key offerings
• Exhibit 151: General Electric Co. - Segment focus

• 12.11 Groupe Gorge SA 
• Exhibit 152: Groupe Gorge SA - Overview
• Exhibit 153: Groupe Gorge SA - Business segments
• Exhibit 154: Groupe Gorge SA - Key news
• Exhibit 155: Groupe Gorge SA - Key offerings
• Exhibit 156: Groupe Gorge SA - Segment focus

• 12.12 Materialise NV 
• Exhibit 157: Materialise NV - Overview
• Exhibit 158: Materialise NV - Business segments
• Exhibit 159: Materialise NV - Key news
• Exhibit 160: Materialise NV - Key offerings
• Exhibit 161: Materialise NV - Segment focus

• 12.13 Proto Labs Inc. 
• Exhibit 162: Proto Labs Inc. - Overview
• Exhibit 163: Proto Labs Inc. - Business segments
• Exhibit 164: Proto Labs Inc. - Key offerings
• Exhibit 165: Proto Labs Inc. - Segment focus

• 12.14 Renishaw Plc 
• Exhibit 166: Renishaw Plc - Overview
• Exhibit 167: Renishaw Plc - Business segments
• Exhibit 168: Renishaw Plc - Key offerings
• Exhibit 169: Renishaw Plc - Segment focus

• 12.15 Roland DG Corp. 
• Exhibit 170: Roland DG Corp. - Overview
• Exhibit 171: Roland DG Corp. - Business segments
• Exhibit 172: Roland DG Corp. - Key news
• Exhibit 173: Roland DG Corp. - Key offerings
• Exhibit 174: Roland DG Corp. - Segment focus

• 12.16 SLM Solutions Group AG 
• Exhibit 175: SLM Solutions Group AG - Overview
• Exhibit 176: SLM Solutions Group AG - Business segments
• Exhibit 177: SLM Solutions Group AG - Key offerings
• Exhibit 178: SLM Solutions Group AG - Segment focus

• 12.17 Stratasys Ltd. 
• Exhibit 179: Stratasys Ltd. - Overview
• Exhibit 180: Stratasys Ltd. - Product / Service
• Exhibit 181: Stratasys Ltd. - Key news
• Exhibit 182: Stratasys Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 183: Inclusions checklist
• Exhibit 184: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 185: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 186: Research methodology
• Exhibit 187: Validation techniques employed for market sizing
• Exhibit 188: Information sources

• 13.5 List of abbreviations 
• Exhibit 189: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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