What is the market size of 3D Printing in Healthcare Market?

3D Printing in Healthcare Market size was valued at USD 1124.67 million in 2019 and is poised to grow from USD 1350.73 million in 2023 to USD 5846.74 million by 2031, growing at a CAGR of 20.1% in the forecast period (2024-2031).

3D Printing in Healthcare Market Size

Q: Who are the key vendors in the 3D Printing in Healthcare Market?

The market for 3D printing in healthcare is quite competitive and fairly dispersed. The leading players in the sector are always putting different growth strategies into practice to keep a competitive edge. These players use innovations, mergers & acquisitions, collaborations, and partnerships to succeed in the cutthroat market. The top market players are constantly focusing on R&D to give industry the most efficient and cost-effective solutions. 'Formlabs Inc.', '3D Systems Corporation', ' Stratasys Ltd. ', ' EnvisionTEC GmbH ', ' Materialise NV ', ' EOS GmbH Electro Optical Systems ', ' Arcam AB ', ' Renishaw plc ', ' Concept Laser GmbH ', ' Ultimaker BV ', ' Organovo Holdings Inc. ', ' Bio-Rad Laboratories, Inc. ', ' Cyfuse Biomedical K.K. ', ' Oxford Performance Materials Inc. ', ' Carbon Inc. ', ' Prodways Group ', ' SLM Solutions Group AG ', ' Rokit Healthcare ', ' FlashForge Corporation ', ' Mcor Technologies Ltd. '

3D Printing in Healthcare Market Insights

3D Printing in Healthcare Market size was valued at USD 1.97 Billion in 2023 and is poised to grow from USD 2.32 Billion in 2024 to USD 8.74 Billion by 2032, growing at a CAGR of 18.0% during the forecast period (2025-2032).

The method of 3D printing, also known as additive manufacturing, involves the creation of dimensionally solid things, which are mostly used in the health care sector. In order to produce 3D printed things, additive methods are used. The additive manufacturing technique involves building up layers on top of one another in order to construct an object. The layouts appear as very thinly sliced layers when seen as a cross section of the item. With the aid of this technique, customized medical tools and equipment are produced for use in the healthcare industry. A key driver of 3D printing technology growth is the fastest rising demand for individualised health care services that are given by using medical equipment that is specially made for each patient.

In addition to lowering the dangers associated with surgical treatments, this innovative technique offers several other benefits over existing conventional designs. By utilising this cutting-edge technology while carrying out the complex surgeries, the possibilities of sepsis can be greatly reduced, significantly raising the success rate. When executing complex surgical operations, this cutting-edge technology can significantly limit the amount of anaesthetic that the patient is exposed to. The usage of modern 3D printing technology comes at a considerable cost, which has significantly hampered the market's expansion.

US 3D Printing in Healthcare Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

The global market for 3D printing in healthcare is quite competitive and fairly dispersed. The leading players in the sector are always putting different growth strategies into practice to keep a competitive edge. These players use innovations, mergers & acquisitions, collaborations, and partnerships to succeed in the cutthroat market. The top market players are constantly focusing on R&D to give industry the most efficient and cost-effective solutions. 'Stratasys Ltd. ', '3D Systems, Inc. ', 'Materialise NV ', 'GE Additive ', 'EnvisionTEC GmbH ', 'EOS GmbH ', 'SLM Solutions Group AG ', 'Renishaw plc ', 'HP Inc. ', 'Organovo Holdings, Inc. ', 'Prodways Group ', 'Voxeljet AG ', 'Carbon, Inc. ', 'Formlabs, Inc. ', 'Desktop Metal, Inc. ', 'ExOne Company ', 'Nano Dimension Ltd. ', 'Ultimaker BV ', 'Tiertime Corporation ', 'XYZprinting, Inc.'

The market for 3D printing in healthcare is expected to increase significantly as a result of the top industry participants' rapid technological advancements. Potential customers have been drawn to utilise the cutting-edge technology employed in the healthcare industry because of the use of personalization and customisation in the medical profession. The main market players' extensive research and development initiatives with a view to introducing current technologies into the market have significantly aided the market's expansion phase. People have been encouraged to choose such cutting-edge technologies by the superior health care facilities that are offered by the government in various regions of the world. The widespread application of 3D printing technology in the pharmaceutical industry has also become clear as a significant possibility for the market's expansion.

The use of 3D printing technology in the pharmaceutical industry has helped the market grow significantly over time and reach new heights. The application of bioprinting technology for bodily tissues and organs has become a significant market opportunity for the expansion of 3D printing in healthcare.

North America has emerged as the biggest market for this cutting-edge technology, and it is anticipated that it will hold this position during the projection period. The government-driven, quick improvements in the healthcare industry have significantly increased market size. Growing consumer understanding of the options available has also contributed to the market's ability to generate sizable profits over time. The enormous volume of surgical procedures performed in this area has also emerged as a key driver of growth for the market for 3D printing in healthcare.