According to the Graphical Research new growth forecast report titled North America Healthcare 3D Printing Market Size By Product (Syringe Based, Magnetic Levitation, Laser Based, Inkjet Based), By Technology (Fused Deposition Modeling {FDM}, Selective Laser Sintering {SLS}, Stereolithography {SLA}), By Application (Biosensors, Medical {Pharmaceutical, Prosthetics and Implants, Tissue and Organ Generation}, Dental), Industry Analysis Report, Country Outlook (U.S., Canada), 2018-2024”, estimated to exceed USD 850 million by 2024.
Growing number of accident cases in the region is one of the major drivers boosting North America healthcare 3D printing industry growth. Application of 3D printing in medical field is increasing significantly over the recent years. Utilization of 3D printing to produce bones, ears, cell cultures, exoskeletons, windpipes, tissues, stem cells, blood vessels, vascular networks, organs, as well as new dosage forms will augment North America healthcare 3D printing business growth over the forecast period.
Moreover, technological advancements in healthcare 3D printing will serve to be a positive impact rendering factor in the market growth. Growing investments in R&D to introduce innovations in 3D printing devices that enable scanning via smartphone devices will further favor business growth. Extended clinical applications of 3D printing coupled with growing preference for customized implants will spur healthcare 3D printing market size. However, lack of skilled professionals in the region may hamper North America healthcare 3D printing industry growth over the coming years.
Laser based segment was valued more than USD 40 million in 2017 and is poised to witness robust growth over the forecast period. Increasing usage of laser 3D printers in DNA synthesis will primarily boost the segment growth. Adoption of laser based printers in DNA printing enables quick and affordable process, facilitating effective formulation of medicines. Ability of DNA laser printers to yield more viable DNA over conventional methods will augment segment growth.
Fused deposition modeling segment accounted for significant revenue share in 2017 and is anticipated to exceed USD 350 million by 2024. Increasing adoption of droplet deposition owing to its application in tissue engineering, implants and study of clinical devices will propel segment growth.
Medical segment held more than 45% revenue share in 2017 and is anticipated to show lucrative CAGR over the analysis timeframe. Increasing adoption of 3D printing process for manufacturing living organs such as, liver, heart and legs is expected to offer enormous growth opportunities during the forthcoming years.
U.S. healthcare 3D printing market is estimated to witness more than USD 790 million by 2024. Awareness regarding use of 3D printing in healthcare, rising demand for customized implants and constant advancements in technology will boost the business growth. Increased accuracy minimized production cost and time coupled with reduced human error will supplement healthcare 3D printing market growth during the forthcoming years.
Prominent players operating in North America healthcare 3D printing market include Aprecia Pharmaceuticals, Stratasys, 3D Systems, Aspect Biosystems, BioBots, Organovo, 3D Biotek, TeVido BioDevices, Digilab and Nano3D Biosciences. Industry players are focusing on various strategic initiatives to strengthen market position and sustain competition. For instance, in January 2017, Organovo announced collaboration with Murdoch Children’s Research Institute for developing an architectural bioprinted kidney for therapeutic applications. The strategy aimed at developing novel and technologically advanced products.
Segments we cover:
North America Healthcare 3D Printing Market, By Product
- Syringe based
- Magnetic levitation
- Laser based
- Inkjet based
North America Healthcare 3D Printing Market, By Technology
- Fused deposition modeling (FDM)
- Selective laser sintering (SLS)
- Stereolithography
- Others
North America Healthcare 3D Printing Market, By Application
- Biosensors
- Medical
- Pharmaceuticals
- Prosthetics and implants
- Tissue and organ generation
- Dental
Source: https://www.graphicalresearch.com/industry-insights/1175/north-america-healthcare-3D-printing-market
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