Healthcare Additive Manufacturing Market (By Technology: Laser Sintering, Deposition Modeling; By Application: Medical Implants, Prosthetics, Wearable Devices, Tissue Engineering, Others; By Material: Metals and Alloys, Polymers, Biological Cells, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

According Vision Research Reports, the global Healthcare Additive Manufacturing market size is expected to be worth around US$ 11.5 billion by 2030 from valued at US$ 1.5 Billion in 2021 and is anticipated to grow at a CAGR of 22.5% during forecast period 2022 to 2030.

Growth Factors

The healthcare additive manufacturing technology helps in producing complex designs easily, forming personalized products, eliminating the production step, and producing lightweight products, which, in turn, is fueling the market growth. Growing commercialization of the manufacturing process, rising investment by the government, and an increase in R&D in devices formed using additive manufacturing are key factors driving this market. There was a slowdown in the growth of the market at the start of 2020 due to the COVID-19 pandemic, but the market has gained pace in the second half by fulfilling the growing demand for the manufacturing of medical devices, PPE kits, and face shields to fight against the pandemic.

The advantages of additive manufacturing over traditional production methods are driving its growing popularity. The utilization of modern technology, design freedom, dimensional precision, the use of a wide range of materials such as metal, plastics, and polymers, build speed and the capacity to construct complicated parts/geometry, such as cooling channels and honeycomb structure, are just a few of the advantages of additive manufacturing. However, the main use of additive manufacturing in the healthcare industry is the production of implants and prostheses.

The growing geriatric population has led to an increase in orthopedic operations such as knee and hip replacements, which has resulted in the increased demand for the implants and prostheses leading to quicker manufacturing of these products, thus additive manufacturing plays a crucial role to meet the demand. Also, it helps in the manufacturing of prosthetic devices that help the patient regain lost parts of limbs and also help in regaining mobility post-amputation or stroke. The devices created by this technology are light in weight, unique, and can be designed easily. They also have good stiffness in regions where support is required and are flexible in regions where comfort is required.

The COVID-19 pandemic significantly impacted the market. Initially, manufacturing unit constraints caused by stay-at-home orders led to supply chain disruption and labor shortages. However, by compensating for the paucity of medicinal supplies by speeding up the manufacturing process, additive manufacturing is playing a crucial role in the fight against the COVID-19. Over the projection period, this will propel the market forward. Medical device approvals are subject to demanding regulatory approvals, which may stifle growth.

Technology Insights

The laser sintering segment dominated the market and accounted for a revenue share of over 30.5% in 2021. Laser sintering is an advanced technology that uses lasers to amalgamate material layers into the final product. Snap fittings, live hinges, and other mechanical joints are among the practical applications where LS is the technology of choice. The main drivers of this market are advanced machinery, software, and materials that have made this technology available to a wide range of biotechnology firms. It can produce multiple pieces at one time and does not require support to build an object.

The deposition modeling segment is expected to register the fastest CAGR of 26% during the forecast period. This technology allows items to be made from a variety of thermoplastics such as rigid, transparent, or elastomer polymers. This is leading to reduced time by shortening lead time and speeding up the prototyping process. It uses a wide variety of materials to produce desired medical products and can fabricate medical products on demand. Moreover, it is a budget-friendly technology and it produces good resolution and precise medical products.

Application Insights

The medical implants segment accounted for the maximum revenue share of over 31% in 2021. This segment will retain its position during the forecast period due to a rise in the geriatric population that led to a rise in demand for orthopedic procedures, such as hip and knee replacements. The demand for spinal implants that are trauma-associated is also increasing.

The wearable devices segment is expected to expand at the fastest CAGR of 24% during the forecast period. This is due to the rising demand for wristbands and fitness devices that are used for monitoring health. There is also a rise in the use of technologically advanced products for patient monitoring and disease management. They help in improving the quality of patient care and reduce the cost of care.

Material Insights

The polymers segment emerged as the largest revenue share of over 51% in 2021. Medical instruments, prosthetic limbs, and related accessories have all been made with polymer-based additive manufacturing for decades. Polymer materials have been the most widely used class of materials for additive manufacturing processes due to their synthetic plasticity and adaptability and a variety of features. They also have a wide range of uses in the healthcare business, from instructional objectives to medical implants and wearable gadgets. The mentioned reasons are expected to fuel market expansion.

The biological cells segment is expected to expand at the fastest CAGR of 25% during the forecast period. The main drivers of this market are the growing geriatric population with chronic diseases and the limited number of organ donors. In addition, technological advancements, rising R&D investments, and increasing demand for medical pills that are formed using additive manufacturing are fueling the growth.

Regional Insights

North America dominated the market and accounted for a revenue share of over 35.5% in 2021. The major factors contributing to the market growth include an increase in the geriatric population, high purchasing power, strong government support for quality healthcare, and supportive reimbursement policies in the U.S. and Canada. For instance, in the U.S., the Patient Protection and Affordable Care Act (PPACA), also known as Obamacare, provides residents with affordable and high-quality health insurance plans. Furthermore, favorable government measures to assist research and development in the concerned industry are increasing the adoption of products made with additive manufacturing, which is driving the market.

Asia Pacific is projected to be the fastest-growing regional market with a CAGR of 29% during the forecast period. Lower costs, a competent workforce, quickly increasing healthcare infrastructure, the rising prevalence of arthritis, economic development, and the significant unmet medical requirements of a big population pool are all expected to drive the market in this region. Dental 3D printing is also in high demand due to the growing number of patients who are having their teeth replaced.

Key Players

GE Additive; 3D Systems, Inc.; EnvisionTEC; regenHU; Allevi, Inc.; EOS GmbH; Materialise N.V.; Stratasys Ltd.; Nanoscribe GmbH; GPI Prototype; and Manufacturing Services, LLC.

Market Segmentation

  • Technology Outlook 

    • Stereolithography

    • Deposition Modeling

    • Electron Beam Melting

    • Laser Sintering

    • Jetting Technology

    • Laminated Object Manufacturing

    • Others

  • Application Outlook 

    • Medical Implants

    • Prosthetics

    • Wearable Devices

    • Tissue Engineering

    • Others

  • Material Outlook 

    • Metals and Alloys

    • Polymers

    • Biological Cells

    • Others

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Spain

      • Italy

    • Asia Pacific

      • India

      • Japan

      • China

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

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 2021 and the forecast between 2022 and 2030. 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:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2022 to 2030

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

Research Methodology:

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

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.

Primary Sources

 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 analyze and study the global market capacity, production, value, consumption, status (2017-2021) and forecast (2022-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

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