3D Printing in Healthcare Market Boosted by Rise in Medical 3D Printing Companies R&D

3D printing (3DP) also known as additive manufacturing (AM) is a technique for converting virtual 3-D models into real time 3-D objects. In healthcare sector, 3-D printing is used to create medical implants, prosthesis parts and many other body parts

3D Printing in Healthcare Market Predicts Asia-Pacific to Drive Future Market Growth as Income Rises

The 3D Printing in Healthcare Market deals with the development, manufacture and distribution of 3D printing medical devices as well as various 3D printer medical applications. Three dimensional printing, made possible due to the efforts of various 3D printer manufacturers, can be described as a technique which transforms virtual or digital 3-D models into physical 3-D objects in real time on a layer-by-layer basis.

The development undertaken by the 3D Printing in Healthcare Market over the years has now enabled medical 3D printing companies to meet the diverse and urgent needs of personalized healthcare. Healthcare printing allows doctors to plan surgeries by reducing its risk and controlling the duration of exposure to anesthesia. In other words, various 3D printer medical applications help patients recover their health at a faster rate and reduce the duration of their stay in a hospital.

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Scope & Regional Forecast of the 3D Printing in Healthcare Market

 Initially, cutting edge medical technologies usually end up being very expensive and become affordable only with the passage of time. But the advances made by 3D printer manufacturers have ensured that healthcare printing starts off at an affordable price. Medical 3D printing companies now have the power to disrupt the rising costs of healthcare and provide affordable healthcare printing just when the Baby Boomer generation is about to raise the demand.

The innovations led by the 3D Printing in Healthcare Market have come to a point where medical 3D printing companies now have the ability to build completely functional human organs like 3D livers, lungs, etc. Depending on the success of exterior prosthetic surgeries, these 3D printing medical devices can eventually help us transplant artificial human organs in cases of organ failure.

So far, the 3D Printing in Healthcare Market has been dominated by North America due to a rise three dimensional printing adoption and high R&D investment. As the technology improves and cost of production reduces, Asia-Pacific is expected to drive future growth of the 3D Printing in Healthcare Market owing to a rising disposable income and rapidly improving healthcare facilities.

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Segmentations & Key Players involved in the 3D Printing in Healthcare Market

According to IndustryARC findings, the 3D Printing in Healthcare Market can be broken down into various segmentations on the basis of –

Technology:  Laser Beam Melting (LBM), Electron Beam Melting (EBM), Stereo Lithography Photo Polymerization, Droplet Deposition, Laminated Object Manufacturing, Wax Deposition Modeling and Bio Printing.

Material: Donor Cells, Plastics/Polymers, Photopolymers, Metals, Ceramics, Bone Cement and Others.

Application: Implants, Prosthetics, Surgical Guides, Dental Implants, Medical Components, Hearing Aids, Tissue Engineering and Drug Screening.

Some of the key players involved in the 3D Printing in Healthcare Market according to IndustryARC are as follows:

·         Oxford Performance Materials

·         Materialise N.V.

·         EnvisionTEC, Inc. (U.S.)

·         Stratasys Ltd. (U.S.)

·         Stryker Corporation