October 7, 2024

Healthcare Additive Manufacturing Market Trending Technologies with 22% of CAGR by 2030

According to Precedence Research, the global healthcare additive manufacturing market size is forecasted to reach US$ 9.87 billion by 2030 from US$ 1.65 billion in 2021, by growing at a lucrative CAGR of 22% between 2021 and 2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.

The burgeoning demand and the unmet medical needs in the healthcare industry coupled with the growing number of surgeries and rapidly rising prevalence of various chronic diseases among the population is expected to drive the demand for the healthcare additive manufacturing in the forthcoming period. The rising need for customization of products such as dental prosthetics, orthopedic implants, organs, and tissues is fueling the growth of the global healthcare additive manufacturing market.

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The technological advancements in the additive manufacturing have facilitated the manufacturing of the difficult and complex design medical products at low costs. The additive manufacturing offers quick making of prototype using 3D computer aided design (CAD), which helps in eliminating extra costs and time that was previously associated with the process. The rising prevalence of various diseases and the growing geriatric population is driving the demand for the various implants, which is a major factor that is expected to augment the growth of the global healthcare additive manufacturing market.

Report Highlights:

  • Based on the technology, the laser sintering technology accounted for a revenue share of over 31.5% and dominated the global healthcare additive manufacturing market in 2020. This technology is extensively used as it can produce numerous pieces at a time. This saves time and cost associated.
  • By material, the polymer segment contributed for over 55% of the revenue share and dominated the healthcare additive manufacturing market in 2020. Polymer is extensively used in the healthcare industry for manufacturing various products such as prosthetic limbs, medical instruments, and various accessories. The adaptability and synthetic versatility associated with the polymer materials is a major factors behind its burgeoning demand in the additive manufacturing industry. Furthermore, the huge adoption of the polymers for creating different models for the education purposes in the medical sector has propelled its growth across the globe.
  • On the basis of application, the medical implant segment dominated the market in 2020. This is attributed to the increased demand for the medical implants owing to the rising number of orthopedic surgeries. The rising prevalence of orthopedic disorders coupled to the growing geriatric population is a major factor that has boosted the demand for the medical implants across the globe. The increased demand for the medical implants has significantly contributed towards the growth of the healthcare additive manufacturing market.
  • North America was the leading healthcare additive manufacturing market with a market share of over 36% in 2020. North America is the home to several top market players like 3D Systems, Inc., GE Additive, and Stratasys Ltd., who are heavily investing in the research and development for the introduction of new and innovative devices in the healthcare space. Furthermore, the increased prevalence of various chronic diseases, high healthcare expenditure, high demand for medical implants, and increased healthcare expenditure are some of the major factors that has fostered the North America healthcare additive manufacturing market growth.
  • Asia Pacific is projected to be the most lucrative market during the forecast period. This growth is attributed to the rapidly emerging economies like China and India that are fueling the demand for the healthcare devices and advanced medical facilities to cater to the rapidly surging number of patients in the region. The growing number of dental disorders and rising demand for the dental implants is expected to drive the market growth in the foreseeable future. The rising cases of arthritis and rapidly growing geriatric population in the region is estimated to have a positive impact on the market growth.

Future of Healthcare Additive Manufacturing Market

The integration of the latest technologies has huge potential to offer personalized and complex medical parts at a low cost. 3D printing is expected to be the latest manufacturing technology in the globe. This 3D printing technology can provide low cost methods of manufacturing the customized and complex medical parts that is expected to drive the growth of the global healthcare additive manufacturing market in the upcoming future.

COVID-19 Impact Analysis:

  • The COVID-19 pandemic had created a pressure on the supply of the critical items needed in emergency, which has accelerated the additive manufacturing market.
  • The additive manufacturing has provided an alternative way of manufacturing the desired healthcare products during the COVID-19 pandemic, which had a positive impact on the market.

Key Developments in the Marketplace:

  • In October 2018, 3D Systems, Inc. and AmannGirrbach collaborated with each other for the expansion of the 3D systems portfolio.

Some of the prominent players in the global healthcare additive manufacturing market are GE Additive (General Electric); 3D Systems Inc.; EnvisionTEC GmbH; RegenHU; Allevi Inc.; EOS GmbH (Electro Optical Systems); Materialise N.V.; Stratasys Ltd.; Nanoscribe GmbH; GPI Prototype and Manufacturing Services LLC. 

As the market is competitive in nature, the players are indulged in rapid adoption of advanced technologies to improve the performance and in raising their competitive share by means of strategic initiatives like mergers, new product and acquisitions.

Segments Covered in the Report

By Technology

  • Stereolithography
  • Deposition Modeling
  • Electron Beam Melting
  • Laser Sintering
  • Jetting Technology
  • Laminated Object Manufacturing
  • Others

By Material

  • Metals & Alloys
  • Polymers
  • Biological Cells
  • Others

By Application

  • Medical Implants
  • Prosthetics
  • Wearable Devices
  • Tissue Engineering
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Russia
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Healthcare Additive Manufacturing Market 

5.1. COVID-19 Landscape: Healthcare Additive Manufacturing Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Healthcare Additive Manufacturing Market, By Technology

8.1. Healthcare Additive Manufacturing Market, by Technology Type, 2021-2030

8.1.1. Stereolithography

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Deposition Modeling

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Electron Beam Melting

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Laminated Object Manufacturing

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Laser Sintering

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Jetting Technology

8.1.6.1. Market Revenue and Forecast (2019-2030)

8.1.7. Others

8.1.7.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Healthcare Additive Manufacturing Market, By Application

9.1. Healthcare Additive Manufacturing Market, by Application, 2021-2030

9.1.1. Medical Implants

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Prosthetics

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Wearable Devices

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Tissue Engineering

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Healthcare Additive Manufacturing Market, By Material 

10.1. Healthcare Additive Manufacturing Market, by Material, 2021-2030

10.1.1. Metals & Alloys

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Polymers

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Biological Cells

10.1.3.1. Market Revenue and Forecast (2019-2030)

10.1.4. Others

10.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Healthcare Additive Manufacturing Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Technology (2019-2030)

11.1.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.3. Market Revenue and Forecast, by Material (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Technology (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Material (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Technology (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Material (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Technology (2019-2030)

11.2.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.3. Market Revenue and Forecast, by Material (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Technology (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Material (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Technology (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Material (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Technology (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Material (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Technology (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Material (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Technology (2019-2030)

11.3.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.3. Market Revenue and Forecast, by Material (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Technology (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Material (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Technology (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Material (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Technology (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Material (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Technology (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Material (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Technology (2019-2030)

11.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.3. Market Revenue and Forecast, by Material (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Technology (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Material (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Technology (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Material (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Technology (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Material (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Technology (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Material (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Technology (2019-2030)

11.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.3. Market Revenue and Forecast, by Material (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Technology (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Material (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Technology (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Material (2019-2030)

Chapter 12. Company Profiles

12.1. GE Additive (General Electric)

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. 3D Systems Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. EnvisionTEC GmbH

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. RegenHU

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Allevi Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. EOS GmbH (Electro Optical Systems)

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Materialise N.V.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Stratasys Ltd.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Nanoscribe GmbH

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. GPI Prototype and Manufacturing Services LLC.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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