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| Healthcare Additive Manufacturing Market |
Healthcare additive manufacturing, also known as 3D printing, involves the application of layer-by-layer fabrication techniques to create medical devices, prosthetics, implants, and anatomical models. This technology revolutionizes the healthcare industry by enabling the production of highly customized and intricate objects with greater precision and efficiency. It allows for the creation of patient-specific implants and prosthetics, tailored to individual anatomy and needs. Customization enhances treatment outcomes and patient comfort. Complex structures, such as lattice structures for implants, can be easily produced, promoting bone integration and reducing implant weight. Surgeons also benefit from 3D-printed anatomical models, which aid in preoperative planning and education. Additive manufacturing accelerates innovation, enabling the rapid development and testing of medical prototypes. It facilitates the production of small batches of specialized medical devices that may not be feasible with traditional manufacturing methods.
Market Dynamics:
Rising collaborations among key
players are estimated to augment growth of the global healthcare additive
manufacturing market during the forecast period. For instance, Stratasys and
RICOH 3D collaborated in November 2021, for employing their 3D printing
technology to offer medical professionals and hospitals with 3D-printed,
patient-specific anatomic models. Moreover, rising costs and lack of skilled
professionals is anticipated to restrain growth of the global healthcare
additive manufacturing market during the forecast period.
Impact
of COVID-19:
The pandemic impacted almost every market globally. Manufacturing
activities were halted in many industries owing to unavailability of raw
materials in several regions. The pandemic also caused a shortage of labor and
disrupted several supply chains. This had a negative impact on several
industries globally. However, during the pandemic there was an increased demand
for medical devices. This led to increasing demand for healthcare additive
manufacturing during the pandemic. Thus, the pandemic had a positive impact on
the growth of the global healthcare additive manufacturing market. Moreover,
the market is estimated to witness growth in the post-pandemic era, as the
demand for medical devices has increased.
Key
Takeaways:
The
global Healthcare
Additive Manufacturing Market is
expected to witness high growth, exhibiting CAGR of 22.4 % over the forecast period, due to increasing product
launches.
For instance, Stratasys
launched the J3 DentaJet 3D printer, in February 2023. This printer helps
dental laboratories in producing highly precise mixed applications
instantaneously.
North America is anticipated to
witness significant growth in the global healthcare additive manufacturing market during
the forecast period, due to growing occurrence
of key players and rising initiatives.
Key
players operating in the global healthcare additive manufacturing market are Jabil Inc., General Electric Company, AIM Sweden, 3D Systems, Inc., CRS
Holdings Inc., EnvisionTEC, INC., Lithoz, regenHU, 3Dnatives, Materialise,
Additive Manufacturing Ltd., EOS, Stratasys Ltd., GPI Prototype and
Manufacturing Services, LLC, and INCREDIBLE AM PVT LTD.
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