The global Healthcare Additive Manufacturing market size is expected to be worth around US$ 4.8 billion by 2028, according to a new report by Vision Research Reports.
The global Healthcare Additive Manufacturing market size was valued at US$ 951.6 million in 2020 and is anticipated to grow at a CAGR of 20.10% during forecast period 2021 to 2028.
Increasing need for customized medical products such as implants coupled with the introduction of advanced technologies to produce simple as well as complex designs is driving the growth.
Benefits of Additive Manufacturing (AM) such as application of advanced technologies; use of wide range of materials like metal, plastics, and polymers; flexibility in design; build speed; dimensional accuracy; and ability to produce complex parts or geometry such as cooling channels and honeycomb structure drive it preference over conventional manufacturing.
Production of implants and prosthetics is the largest application for additive manufacturing in the healthcare industry. Increasing demand for orthopedic procedures such as knee ND hip replacements due to the rising geriatric population is anticipated to bode well for the market growth. Trauma-associated devices like spinal implants are also anticipated to witness increased demand over the forecast period. Moreover, rising demand for dental implants driven by increasing application coupled with preference for prosthetics is expected to drive the market for healthcare additive manufacturing.
Based on technology, the healthcare additive manufacturing market is segmented into stereolithography, deposition modeling, electron beam melting, laser sintering, jetting technology, laminated object manufacturing, and others. Laser Sintering held the leading market share of 32.3% in 2020. The Selective Laser Sintering (SLS) method can produce many pieces at a time. Moreover, it does not require any support to build the objects, which is anticipated to drive the demand for this technology in near future.
Stereolithography held around 26.10% market share in 2020, due to the ability of this technology to manufacture accurate prototypes and complex forms from photosensitive resins. SLA is perfect for making orthodontic and prosthetics parts as it gives precise models, encompassing fine details as well as smooth surface aspect.
The medical implant was identified as the largest segment in 2020, accounting for 32.6% of the market share. This can be attributed to the increasing adoption of orthopedic implants. An increasing geriatric population has led to a growing demand for orthopedic procedures, such as knee and hip replacements. The demand is also increasing for trauma-associated devices like spinal implants.
Additive manufacturing is increasingly being used in the dental industry. Oral scans are used to make accurate and customized solutions such as aligners and crowns and bridges to fix dental problems. It is an evolving technology and many machines and materials particularly being developed for the dental industry.
Polymers' material segment was the largest in 2020. The material is extensively used in the healthcare industry for creating medical instruments as well as prosthetic limbs and related accessories. Synthetic versatility and adaptability-along with numerous properties of polymer materials-have rendered polymers the most broadly employed class of material for AM techniques. Polymer-based models are also used for medical education purposes. Such models aid in the diagnosis, implant designing, and training and preoperative planning. Models of organs or specific body parts can be developed for practice purposes to demonstrate various sensitive surgical procedures such as osteotomies.
Metals and alloys emerged as the second-largest segment in 2018. This is due to their increasing usage of surgical implants. Metals and alloys, such as titanium, stainless steel, and cobalt-based alloys, are extensively used in the healthcare industry due to their various features, such as high strength and resistance to corrosion as well as biocompatibility. Medical implants created from the metal powder of cobalt chrome has high biocompatibility and is hard, which is necessary for long-term performance.
Asia Pacific is anticipated to expand at the fastest CAGR over the forecast period due to factors such as economic development, and the high unmet medical needs of a large population pool in China and India. There is a significant demand for due to the increasing number of people undergoing tooth replacement surgeries. Also, the growing use of implants in orthopedic procedures, coupled with the rising prevalence of arthritis, and rapidly improving healthcare infrastructure are supporting the regional market growth.
GE Additive; 3D Systems, Inc.; EnvisionTEC; regenHU; Allevi, Inc.; EOS GmbH; Materialise N.V.; Stratasys Ltd.; Nanoscribe GmbH; GPI Prototype; and Manufacturing Services, LLC.
Electron Beam Melting
Laminated Object Manufacturing
Metals and Alloys
Middle East & Africa
The Healthcare Additive Manufacturing market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Healthcare Additive Manufacturing market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Healthcare Additive Manufacturing market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Healthcare Additive Manufacturing market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Healthcare Additive Manufacturing market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Healthcare Additive Manufacturing capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Healthcare Additive Manufacturing by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Healthcare Additive Manufacturing market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Healthcare Additive Manufacturing market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Healthcare Additive Manufacturing market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Healthcare Additive Manufacturing industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Healthcare Additive Manufacturing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Healthcare Additive Manufacturing market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Healthcare Additive Manufacturing market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Healthcare Additive Manufacturing market. These factors have benefited the growth of the global market for Healthcare Additive Manufacturing. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Healthcare Additive Manufacturing. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Healthcare Additive Manufacturing are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
Exoskeleton Market (By Mobility: Mobile, Fixed/Stationary; By Technology: Powered, Non-powered; By Extremity: Upper Body, Lower Body, Full Body; By End-use: Healthcare, Military, Industry) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Pulmonary Arterial Hypertension Market (By Drug Class: Endothelin Receptor Antagonists (ERAs), PDE-5 Inhibitors, Prostacyclin and Prostacyclin Analogs, SGC Stimulators; By Type: Branded, Generics; By Route of Administration: Oral, Intravenous/ subcutaneous, Inhalational) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Mechanical Ventilator Market (By Product: Critical Care, Neonatal, Transport & Portable; By Ventilation Mode: Invasive, Non-invasive; By End-use: Hospitals, Home Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Surgical display Market (By Type: Low-end, Mid-end, High-end) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Agrochemicals Market (By Product: Fertilizer, Crop Protection Chemicals, Plant Growth Regulators; By Application: Cereal & Grains, Oilseeds & Pulses, Fruits & Vegetables) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...