The Global 3D Printing for Medical Sector Market is projected to reach US$ 1,109.2 million by 2024 experiencing market growth at a CAGR of 11.7% from 2016 to 2024, according to a new report published by Coherent Market Insights. 3D printing has revolutionized the way medical procedures are performed, medical training is provided, and cost-effective medical products are being developed. Improved clinical outcomes is attracting the medical community to explore various avenue of 3D printing in the medical sector.
3D Printing For Medical Sector Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024
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3D Printing For Medical Sector Market – Global
Industry Analysis, Size, Share, Growth, Trends
and Forecast to 2024
3D PRINTING FOR MEDICAL SECTOR MARKET TO
SURPASS US$ 1.1 BILLION BY 2024
2. The Global 3D Printing for Medical Sector Market is projected to reach US$ 1,109.2 million by 2024
experiencing market growth at a CAGR of 11.7% from 2016 to 2024, according to a new report published
by Coherent Market Insights. 3D printing has revolutionized the way medical procedures are performed,
medical training is provided, and cost-effective medical products are being developed. Improved clinical
outcomes is attracting the medical community to explore various avenue of 3D printing in the medical
sector.
3D printing has been around since 1984. However, until recent advancements in technology which
attracted people’s attention, 3D printing also gained traction for applications in healthcare. This includes
development of surgical implants, biological prototypes, artificial organs, and dental implants. Innovation
in 3D printing technology is expected to drive down healthcare costs much lower than current levels and
increase medical product accessibility. Also, increasing demand for personalized medicines, and
reduction in manufacturing cost and time would propel demand for 3D printed medical products in the
near future. Wiiv—a Vancouver-based startup—uses 3D printing technology to create customized insoles
for patients suffering from joint discomfort, plantar fasciitis pain, and general foot fatigue.
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3D printing is a disruptive technology for conventional manufacturing process that involve major input
costs, time, high amount of waste, and high error rate. This is owing to the fact that 3D printing involves
layer by layer printing which eliminates waste generation and allows error-free process. Furthermore, the
polygel technology enables producing product or device in desired color utilizing different materials.
3D printing in the medical sector has gained significant success in the dental and orthopedic implant
segments. Currently, there is inadequate reimbursement for dental procedures in the U.S. 3D printed
dental implants and products would lower the cost of dental procedures, making it more affordable and
accessible to patients.
Various technologies such as electron beam melting, laser beam melting, photo polymerization, droplet
deposition, and laminated object manufacturing are implemented in 3D printing of healthcare products.
These technologies are gradually evolving with increasing knowledge about 3D printing products and
demand for innovative and personalized medical products. However, clarity on regulatory aspects on
manufacturing and approval process of 3D printed products is sought for the technology to be
implemented on a large scale. This would also enable pharmaceutical and medical device manufacturers
to focus on development of innovative healthcare products at low costs without compromising on profit
margins.
Despite significant advantages of this technology, 3D printing for medical sector technology is facing
challenge in terms of high installation cost of the machine in order to achieve desired operational
efficiency. Moreover, lack of trained professionals is also acting as a key challenge for its adoption.
However, with the focus on introducing cost effective products, pharmaceutical and medical device
manufacturers are expected to invest a huge amount of capital in research and development related to
3D printing.
Report Description
3. To know the latest trends and insights prevalent in this market, click the link below :
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80
Key takeaways of the market:
The droplet deposition technology is a principle technology used in 3D printing primarily due to high
heat and chemical durability. This technology segment held a market share of around 35% (in terms
of revenue) in 2015.
The surgical implants application segment dominated the market in 2015, value of US$ 265.0
million. Large pool of patients suffering from dental issues, cardiovascular, metabolic and bone
disorders, is attributable to this dominant market value.
Currently, 3D printing is highly used in the academic and research institutes for creating 3D printed
biological models which are used for training and pre-operative preparation purpose
In 2015, North America dominated the global 3D printing for medical sector market (in terms of
revenue) owing to favorable government policies for 3D printing and also rapid adoption of 3D
printing in improving health outcomes. However, demand for 3D printing for medical application is
expected to increase rapidly in the Asia Pacific region owing to favorable government policies
propelling investments and use of 3D printing in medical sector For instance, Shanghai Children's
Medical Center opened China’s first pediatric-specific 3D printing medical research unit in 2015.
Furthermore, Chinese government, in July 2016, announced the establishment of its first 3D
printing factory specifically for medical products in Chongqing, Southwest China.
Market players are collaborating for conducting research and developing 3D printed products at
affordable price. Johnson & Johnson collaborated with Organovo in January 2016 to study the
viability of bioprinted human tissue in testing new drugs. Also, Stratasys, Inc. partnered with a New
York-based Jacobs Institute in April 2016 to establish a new Center of Excellence (COE) at the
institute. This COE will be aimed at using 3D printing to develop and assess new medical devices
and promote clinical education and training.
Browse Press Release : https://www.coherentmarketinsights.com/press-release/3d-
printing-for-medical-sector-market-to-surpass-us-11-billion-by-2024-7
Table of Contents
1. Research Objective and assumption
o Research Objectives
o Assumptions
o Abbreviations
2. Market Purview
o Report Description
Market Definition and Scope
o Executive Summary
Market Snippet By Technology
Market Snippet By Application
Market Snippet By End User
TABLE OF CONTENT
4. Market Snippet By Region
o Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New Product Approvals/Launch
o Cost Tier Down Analysis
4. Global 3D Printing for Medical Sector Market, By Technology, 2014 - 2024 (USD Million)
o Introduction
Market Share Analysis, 2015 and 2024 (%)
Y-O-Y Growth Analysis, 2014 - 2024
Segment Trends
o Electron Beam Melting
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Laser Beam Melting
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Droplet Deposition
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Photopolymerization
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
5. Global 3D Printing for Medical Sector Market, By Application, 2014 - 2024 (USD Million)
o Introduction
Market Share Analysis, 2015 and 2024 (%)
Y-O-Y Growth Analysis, 2014 - 2024
Segment Trends
o Tissue Engineering
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Surgical Implants
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Healthcare Wearable Devices
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Others (Drug Testing, Anatomical models)
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
5. 6. Global 3D Printing for Medical Sector Market, By End User, 2014 – 2024 (USD Million)
o Introduction
Market Share Analysis, 2015 and 2024 (%)
Y-O-Y Growth Analysis, 2014 - 2024
Segment Trends
o Pharmaceutical and Biotechnology Companies
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Medical Devices Companies
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
o Academic and Research Institutions
Introduction
Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
7. Global 3D Printing for Medical Sector Market, By Regions, 2014 - 2024 (USD Million)
o Introduction
Market Share Analysis, By Region, 2015 and 2024 (%)
Y-O-Y Growth Analysis, For Regions, 2014 - 2024
o North America
Market Share Analysis, By Country, 2015 and 2024 (%)
Y-O-Y Growth Analysis, By Country, 2014 - 2024
U.S.
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Canada
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
o Europe
Market Share Analysis, By Country, 2015 and 2024 (%)
Y-O-Y Growth Analysis, By Country, 2014 - 2024
U.K.
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Germany
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Italy
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
6. France
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Russia
Country Trends
Market Size and Forecast, By Technology 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Rest of Europe
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
o Asia Pacific
Market Share Analysis, By Country, 2015 and 2024 (%)
Y-O-Y Growth Analysis, By Country, 2014 - 2024
China
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
India
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Japan
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
ASEAN
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Australia
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
South Korea
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Rest of Asia Pacific
7. Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
o Latin America
Market Share Analysis, By Country, 2015 and 2024 (%)
Y-O-Y Growth Analysis, By Country, 2014 - 2024
Brazil
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Mexico
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Rest of Latin America
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
o Middle East
Market Share Analysis, By Country, 2015 and 2024 (%)
Y-O-Y Growth Analysis, By Country, 2014 - 2024
GCC Countries
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Israel
Country Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
o Africa
Market Share Analysis, By Region, 2015 and 2024 (%)
Y-O-Y Growth Analysis, By Region, 2014 - 2024
Northern Africa
Regional Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
Central Africa
Regional Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
South Africa
8. Regional Trends
Market Size and Forecast, By Technology, 2014 - 2024 (USD Million)
Market Size and Forecast, By Application, 2014 - 2024 (USD Million)
Market Size and Forecast, By End User, 2014 - 2024 (USD Million)
8. Competitive Landscape
o Heat Map Analysis
o Market Share Analysis
o Company Profiles
3T RPD, Ltd.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
EnvisionTEC, Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Arcam AB
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
3D Systems, Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Eos GmbH Electro Optical Systems
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Renishaw PLC
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Stratasys Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
9. Future Plans
Materialise NV
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Organovo Holdings, Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
o Analyst Views
9. Section
o References
o Research Methodology
o About us and Sales Contact
COMPANY OVERVIEW
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