Global Healthcare Additive Manufacturing Market

Global Healthcare Additive Manufacturing Market Size, Share, Growth Analysis, By Technology(Stereolithography, Deposition Modelling), By Application(Medical Implants, Prosthetics), By Material(Metals and Alloys, Polymers) - Industry Forecast 2024-2031

Report ID: SQMIG35A2615 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 98 | Figures: 76

Global Healthcare Additive Manufacturing Market Regional Insights

North America dominated the medical additive production market in 2023 with a 38.1% revenue share. The key forces behind regional expansion in the United States and Canada are the rise in the older population, considerable spending power, solid government backing for excellent healthcare, and attractive reimbursement standards.

Asia Pacific is expected to grow the fastest, with a CAGR of 19.4% over the course of the forecast. The increased prevalence of arthritis, lower costs, a competent workforce, a quickly evolving healthcare infrastructure, positive economic growth, and a substantial population pool's unmet medical requirements are all expected to boost the regional market. Dental 3D printing is also quite popular because more people are receiving dental implants.

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Global Healthcare Additive Manufacturing Market size was valued at USD 6.27 billion in 2022 and is poised to grow from USD 7.4 billion in 2023 to USD 28.02 billion by 2031, at a CAGR of 18.1% during the forecast period (2024-2031).

Key companies use mergers, acquisitions, and alliances as strategies to keep their market share. For instance, Stratasys said the J3 DentaJet 3D printer would go on sale in February 2023. With the help of this printer, dental laboratories may quickly manufacture very precise mixed uses for a single tray. Additionally, in November 2021, Stratasys joined forces with RICOH 3D for Health to use its 3D printing technology to offer hospitals and additional medical professionals’ patient-specific anatomic models. 'Stratasys Ltd.', '3D Systems Corporation', 'Materialise NV', 'GE Additive', 'EOS GmbH', 'Stryker Corporation', 'Johnson & Johnson', 'EnvisionTEC', 'Organovo Holdings Inc.', 'Renishaw plc', 'HP Inc.', 'Carbon, Inc.', 'Formlabs Inc.', 'Medtronic plc', 'Siemens Healthineers', 'Zimmer Biomet Holdings Inc.', 'Align Technology Inc.', 'Concept Laser GmbH (a GE Additive company)', 'Desktop Metal Inc.', 'Ultimaker B.V.'

The healthcare additive manufacturing market is driven by continuous advancements in additive manufacturing technologies, such as 3D printing. These technologies enable the production of complex and customized medical devices, implants, and anatomical models, leading to improved patient outcomes and personalized healthcare solutions.

Increasing Adoption of Metal Additive Manufacturing: There is a growing trend of adopting metal additive manufacturing technologies in the healthcare sector. Metal 3D printing allows for the production of implants, prosthetics, and surgical instruments with excellent mechanical properties and biocompatibility. This trend is driven by advancements in metal 3D printing technologies and the increasing demand for patient-specific implants.

North America dominated the medical additive production market in 2023 with a 38.1% revenue share. The key forces behind regional expansion in the United States and Canada are the rise in the older population, considerable spending power, solid government backing for excellent healthcare, and attractive reimbursement standards.

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