CRI Report(www.cri-report.com) publishes New Report "Global Healthcare 3D Printing Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030", which projects a notable CAGR of 22.48% of the market in 2030.
According to the report, Healthcare 3D Printing market will surpass USD 13336.5 million by 2030 from USD 1755.5 million in 2020 at a CAGR of 22.48% in the coming years, i.e., 2021-30.
Healthcare 3D Printing market is expected to project a notable CAGR of 22.48% in 2030
Healthcare 3D printing refers to a wide range of 3D printing items and services used in the healthcare industry. While 3D printing has grown in popularity in the manufacturing industry, it has also seen widespread adoption in the healthcare industry, with new applications emerging. The growing need for patient-specific implants in orthopedic, dentistry and other types of procedures is one of the major reasons contributing to this. Furthermore, higher productivity and manufacturing accuracy are two additional reasons driving market expansion.
Healthcare 3D Printing Market: Segments
Syringe based segment to grow with the highest CAGR during 2020-30
Healthcare 3D Printing market is segmented by Product into Syringe based, Magnetic levitation, Laser-based and Inkjet based. Among these the Syringe-based segment dominated the market in 2020, accounting for the bulk of market share. The widespread usage of 3D printers in the fields of bioprinting, food printing, and embedded printing is one of the major drivers affecting market demand. Because the technology is still in its early stages of adoption, demand is expected to rise in the future years as a wider audience in the healthcare industry embraces 3D printing.
Medical segment to grow with the highest CAGR during 2020-30
Healthcare 3D Printing market is segmented by Application into Biosensors, Medical, and Dental. Among these, the medical category will witness the highest revenue share during the forecast. Surgical implants, tissue scaffold printing, and cell printing are all examples of medical applications. These are some of the most important technological benefits of healthcare 3D printing, which will help the sector grow.
Increasing adoption of 3D technologies
The healthcare 3D printing industry will experience exponential development as 3D printing technologies become more widely adopted. The need for 3D technologies among fracture patients, cancer patients, and skull-based tumors will propel the healthcare 3D printing industry to grow.
Increasing R&D activities
The expansion of the healthcare 3D printing industry is mostly due to research and development efforts. The companies in the healthcare 3D printing market put a lot of money into these efforts in order to create new technologies and formulas and boost their revenues. All of these factors eventually contribute to the healthcare 3D printing market's increased growth rate.
The use of healthcare 3D printing represents a major shift in design and manufacturing technology. To extend the use of such technologies, well-trained engineers and technicians are required. Many new technologies have surpassed the capacity of the larger manufacturing workforce to adapt, and some companies have begun to struggle to find qualified workers. The influence on innovation, growth, output, and quality is substantial. The growing need for skilled labor, on the other hand, is not being fulfilled. As a result, the industry's skill shortage is well-known.
Healthcare 3D Printing Market: Key Players
- Renishaw Plc
- Bio-Rad Laboratories
- 3D Systems Inc.
- RegenHU Ltd.
- Stratasys Ltd.
- Nano3D Biosciences Inc.
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