Healthcare 3D Printing Market is Expected to show Lucrative Growth by 2020 due to the Increasing Technology Advancement | Hexa Research

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Due to the increasing technological advancement and growing population base, “healthcare 3D Printing Market” is likely to boost by 2020. North America is dominating the whole market as there is a huge development in 3D technologies, strong R&D, high disposable income and availability of more market players.

Healthcare 3D printing market is expected to grow over the forecast period owing to the increasing technological advancement and growing population base. Healthcare 3D printer helps in providing the digital file equipped with three dimensional views by using additive processes. Prototyping is the source from where 3D printing technology has been evolved for development of actual usable products and parts. In the recent years healthcare 3D printing market has got the huge momentum, as it is used effectively in few of the areas such as, research, education, industrial/business machines, defence, government, consumer, automotive and aerospace sectors. This product is highly effective in the vital or critical cases, such as jaw implant, heart surgeries, hearing aids, contact lenses, prosthesis and hair plantation.

Blue print of future healthcare 3D printing market, shows that this market has a huge scope in other sector too such as knee implants, hip implant, orthotic footwear and dental crowns. Increase of geriatric population is one of the key drivers of this market as, they have the highest risk of getting prone towards the infectious diseases and other vital disorders, such as malaria, TB, HIV/AIDS, hepatitis, HAIs, STDs, diarrheal diseases and chronic diseases, i.e. diabetes, cardiovascular diseases, and cancer. Further, healthcare professionals increasingly exploring healthcare 3D printing market, as during the surgeries, it reduces the risk attached with anesthesia.

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Application Insights

Healthcare 3D printing market is segmented on the basis of application into implants, surgical guides, bioengineering and surgical instruments. Among these medical implant held the largest share in 2013, as it is preferred by the doctors for replacing man’s skull. Implant includes dental surgical implants, crani-maxillofacial and orthopedic. As per the recent report by Oxford Performance Materials report, almost 75% patient skull was replaced with the help of 3D printers. Lower volume bespoke surgical and direct dental implants will witness a lucrative growth rate over the forecast period. Digital dentistry is growing rapidly due to the introduction of dental 3D printers, as it helps in providing dental prosthetics in silver, metal and along with the smooth wax-ups surface outside. Additionally this process is very cheaper, accurate and very less invasive. 

Technology Insights

Healthcare 3D printing market is segmented on the basis of technology into droplet deposition manufacturing, stereo lithography, and electron beam melting. Among these droplet depositions manufacturing held the largest market share in 2013. Droplet deposition manufacturing consists of fused deposition modelling, multiphase jet solidification and inkjet printing. Inkjet printing is used for bio-printing and these helps on printing of living tissues. The printer which uses bio-ink is actually a mixer of living cells. Inkjet printing builds structure from biological cells to create human tissue. 

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Raw Material Insights

Healthcare 3D printing market is segmented on the basis of raw material into biological cells, metals, ceramics and polymers. Among these polymers held the largest market share as of 2013. The reason for its dominance is due to its more awareness and high popularity. Polymers are the synthetic plastics created with the help of monomers, via polymerization process. Technological advancement in this sector will show this market a lucrative growth over the forecast period. 

Regional Insights

Geographically, the Molecular diagnostics market is studied with respect to four regions such as North America, Europe, Asia Pacific and RoW. North America is dominating the whole market as there is a huge development in 3D technologies, strong R&D, high disposable income and availability of more market players. Asia pacific region will witness a lucrative growth during the forecast period as economy is booming and increasing population, especially in countries like India and China. 

Competitive Insights

The major market players in this market are, Stratasys Inc.,Envision TEC,3D Systems Software, Materialise NV, Organovo, Bio-Rad Laboratories, Simbionix, SOLS, RegenHULtd., Metamason, Bio3D Technologies Pte Ltd, Youbionic, 3D Systems Corporation (3DS), 3D Matters Pte Ltd., Roche Pharmaceuticals, and Ekso Bionics.

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