Global Healthcare 3D Printing Devices Market By Technology (Electron Beam Melting, Laser Beam Melting, Photo-Polymerization, & Droplet Manufacturing), By Geography - Analysis & Forecast to 2019
3D printing is a process of manufacturing 3 dimensional solid objects using additive manufacturing techniques where material are deposited only where needed, and thus results in significantly less materials wastage than traditional manufacturing techniques. From hip and knee implants to customised products as per the patients need such contact lenses, dental implants, hearing aids and prosthesis provides significant growth opportunities for healthcare 3D printing market and also serves as an effective tool for medical practitioners while performing difficult medical procedures.
The global market for healthcare 3D printing is expected to grow at a CAGR of 15% from 2014-2020. In 2013, surgeons at the University of Michigan saved the life of a 3-month-old boy who had been born with severely weak tissue in his airway. They designed, 3-D-printed and surgically implanted a scaffold-like tube to hold his airway open.
The global market for Healthcare 3D printing market technologies include electron beam melting, laser beam melting, photo-polymerization and droplet manufacturing. Droplet deposition manufacturing includes inkjet printing, multiphase jet solidification and fused deposition modelling.
Increasing geriatric population with concomitant increase in prevalence of orthopaedic, cardiovascular, and other diseases, are some of the driving factors of healthcare 3D printing market. The high demand for automated products and initiative by manufacturing companies to curb the associated cost is expected to drive the market growth.
Due to increasing healthcare expenditure and sophisticated infrastructure along with investments in R&D facilities, North America dominated the healthcare 3D printing market. In Asia-Pacific regions due to high adoption rates of 3D technologies, improving healthcare infrastructure and expenditure, the market is expected to grow at a faster rate.
The report also provides an extensive competitive landscaping of the leading companies operating in this market. Key players of the healthcare 3D printing market include Envision TEC, Stratasys Inc., Materialise NV, Bio-Rad Laboratories, Organovo, SOLS, Simbionix, Metamason, RegenHU Ltd., Youbionic, Bio3D Technologies Pte Ltd, 3D Matters Pte Ltd., 3D Systems Corporation (3DS), Ekso Bionics, Renishaw plc., Robohand, Archam, Rainbow Biosciences, 3T RPD Ltd and others.