Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.65 Billion | USD 35.21 Billion | 16.88% | 2023 |
According to Zion Market Research, the global Healthcare Additive Manufacturing Market was worth USD 8.65 Billion in 2023. The market is forecast to reach USD 35.21 Billion by 2032, growing at a compound annual growth rate (CAGR) of 16.88% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Healthcare Additive Manufacturing Market industry over the next decade.
Additive manufacturing refers to a number of production techniques generating a physical prototype from online information. Apart from this, additive manufacturing finds applications in myriad industries and healthcare is no exception to this. Moreover, medical applications for additive manufacturing are surging prominently and will bring a paradigm shift in healthcare industry.
In addition to this, medical application of 3D printing includes tissue & organ fabrication, development of customized prosthetics & implants, and forming of anatomical models. Apart from this, additive manufacturing technology provides huge number of opportunities to pharma & healthcare firms for producing particular kinds of medicines along with facilitating huge production of medical implants.
Massive use of 3D printed anatomical prototypes in precision medicine & personalized medical treatment will drive market trends. In addition to this, humungous use of additive manufacturing in healthcare domain such as personalization & customization of medical items and medicines will steer healthcare additive manufacturing industry over the projected timespan. Apparently, large-scale utilization of 3D printing in hearing aids and artificial limbs construction will aid expansion of healthcare additive manufacturing industry over forecast timeline. In addition to this, prominent utilization of additive manufacturing in dentistry will generate huge growth avenues for healthcare additive manufacturing business within the next couple of years.
Furthermore, use of 3D printing in healthcare activities facilitates design democratization and enhances productivity of the healthcare industry, thereby embellishing business landscape. Additionally, lucrative use of additive manufacturing in bio-printing of organs & tissues will further leverage market sphere.
Report Attributes | Report Details |
---|---|
Report Name | Healthcare Additive Manufacturing Market |
Market Size in 2023 | USD 8.65 Billion |
Market Forecast in 2032 | USD 35.21 Billion |
Growth Rate | CAGR of 16.88% |
Number of Pages | 140 |
Key Companies Covered | GE, Materialise N.V., Nanoscribe GmbH, 3D Systems, Inc., Allevi, Inc., Stratasys Ltd., RegenHU, EnvisionTEC GmbH, and GPI Prototype and Manufacturing Services, LLC, among others |
Segments Covered | By Material, By Application, By Technology, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Dominate Overall Market Growth During 2024-2032
The expansion of healthcare additive manufacturing industry in North America over the assessment period is due to large-scale presence of major players such as GE Additive, Stratasys Ltd., and 3D Systems, Inc. in the sub-continent. Apart from this, enacting of laws favoring use of 3D printing in medical sector across the countries such as the U.S. will proliferate regional market expansion over the anticipated timespan.
Citing an instance, the U.S. FDA announced list of guiding principles on 3D printed medical equipment usage, thereby providing impetus for the firms to develop new technologies that can bring revolution in the healthcare domain. Presence of strong distribution channel network and improved value chain & supply chain activities in the countries such as Canada and the U.S. will promulgate regional market size.
Some of the leading players in the global market include
By Material
By Application
By Technology
By Region
FrequentlyAsked Questions
Massive use of 3D printed anatomical prototypes in precision medicine & personalized medical treatment will drive market trends. In addition to this, humungous use of additive manufacturing in healthcare domain such as personalization & customization of medical items and medicines will steer healthcare additive manufacturing industry over the projected timespan. Apparently, large-scale utilization of 3D printing in hearing aids and artificial limbs construction will aid expansion of healthcare additive manufacturing industry over forecast timeline.
According to Zion Market Research, the global Healthcare Additive Manufacturing Market was worth USD 8.65 Billion in 2023. The market is forecast to reach USD 35.21 Billion by 2032, growing at a compound annual growth rate (CAGR) of 16.88% during the forecast period 2024-2032.
North America continent will contribute lucratively towards the global market revenue over the estimated timeline. The regional market surge can be ascribed to large-scale presence of major players such as GE Additive, Stratasys Ltd., and 3D Systems, Inc. in the sub-continent. Apart from this, enacting of laws favoring use of 3D printing in medical sector across the countries such as the U.S. will proliferate regional market expansion over the anticipated timespan. Citing an instance, the U.S. FDA announced list of guiding principles on 3D printed medical equipment usage, thereby providing impetus for the firms to develop new technologies that can bring revolution in the healthcare domain. Presence of strong distribution channel network and improved value chain & supply chain activities in the countries such as Canada and the U.S. will promulgate regional market size.
The key market participants include GE, Materialise N.V., Nanoscribe GmbH, 3D Systems, Inc., Allevi, Inc., Stratasys Ltd., RegenHU, EnvisionTEC GmbH, and GPI Prototype and Manufacturing Services, LLC.
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