Healthcare Additive Manufacturing Market Report 2022 To 2030

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Table of Content

The global healthcare additive manufacturing market size accounted for USD 2.01 billion in 2022 and is expected to be worth around USD 9.87 billion by 2030 with a registered CAGR of 22% from 2022 to 2030.

Additive manufacturing is the process of joining materials used to make objects from 3D model data usually layer by layer. This manufacturing process has the capability to develop complex medical parts and components at a cost-efficient range. Because of this, the Healthcare Additive Manufacturing Market is expected to grow significantly during the forecast period.

• Crucial factors accountable for market growth are:
• The surge in demand for customized medical devices.
• The growth in the number of surgeries across the world.
• Additive manufacturing simplifies the manufacturing of complex designs.

Healthcare Additive Manufacturing Market Report Scope

Report Highlights

• The polymers material segment contributed the largest market share accounting for more than 55% in 2020.
• The laser sintering Technology segment dominated the Healthcare Additive Manufacturing Market in 2020 accounting for more than 31.5% revenue share.
• By Geography, North America holds a significant share accounting for more than 36% in 2020 of the Healthcare Additive Manufacturing Market in terms of revenue share because of the presence of major market players in the region.
• The favorable Government regulations also foster market growth.

Market Dynamics

Driver

The surge in the need for customized medical products is the primary factor that drives the market growth. Also, the increase in the number of surgeries across the globe is anticipated to boost the growth of the healthcare Additive Manufacturing Market. For instance, on 6th May 2021, 3D systems announced the acquisition of two firms Allevi, Inc. and German software firm, Additive Works GmbH to address rapidly expanding application opportunities for additive manufacturing (AM) in medical and high-reliability industrial applications. This development is estimated to drive the growth of the Healthcare Additive Manufacturing Market.

Restraint

The major restraining factor that will negatively impact the growth of the Healthcare Additive Manufacturing Market includes the high price involved in setting up the infrastructure for additive manufacturing.

Opportunity

The introduction of advanced technologies in the healthcare industry in order to produce complex designs will find huge opportunities in the growth of the Healthcare Additive Manufacturing Market.

Challenges

The high cost involved in the development of the additive manufacturing processes will be a major challenge that will hinder the growth of the Healthcare Additive Manufacturing Market.

Regional Snapshots

North America leads the Healthcare Additive Manufacturing Market contributing a revenue share of more than 36% in 2020 owing to the presence of major market players in the region and the favorable Government regulations that drive the market growth. For instance, on 4th May 2021, 3D Systems announced that it will extend its industrial application development capabilities and add 50,000 square feet of facility space in Denver, Colorado to serve its fast-growing healthcare solutions business (AIG). This activity will concentrate on the company's strategic goal of allowing additive manufacturing solutions for applications in growing sectors that require high-reliability products.

Recent Developments

• On 13th September 2021, At the RAPID + TCT Show, Stratasys Ltd., a leader in polymer 3D printing solutions, announced solutions for advancing additive manufacturing at scale, including an expanded software partner ecosystem, new innovative material offerings, and the availability of new polymer 3D printing systems for the U.S. market.
• On 30th March 2021, LimaCorporate and the Hospital for Special Surgery are using an EOS 3D printing system to additively produce patient-specific cutting guides, execute surgical trials, and create patient anatomical models for surgeries using an EOS 3D printing system. The EOS system has been installed at HSS's new ProMadePoC Center for Complex Orthopedic Solutions, a collaboration between LimaCorporate and HSS. This 3D printing facility directly on the hospital campus allows an increased availability and speed of personalized orthopedic care for patients.
• On 14th September 2021, Stratasys Direct Manufacturing, a subsidiary of Stratasys Ltd., a leader in polymer 3D printing solutions, expanded its capabilities to include anatomical modeling and consultancy services for the healthcare industry.
• On 13th September 2021, EnvisionTEC and Covestro announced a collaboration on material and printer technologies to help industrial 3D printing gain traction. Together, these two companies hope to lower the hurdles to entry for businesses interested in using 3D printing to produce low-volume molds or parts with intricate features more quickly and economically.

Key Players in the Report

The global Healthcare Additive Manufacturing Market is characterized by the presence of various small and big players. The major market player GE Additive (General Electric); 3D Systems Inc.; EnvisionTEC GmbH; RegenHU; Allevi Inc.; EOS GmbH (Electro Optical Systems); Materialise N.V.; Stratasys Ltd.; Nanoscribe GmbH; GPI Prototype and Manufacturing Services LLC. 

Market Segmentation

By Technology

• Stereolithography
• Deposition Modeling
• Electron Beam Melting
• Laser Sintering
• Jetting Technology
• Laminated Object Manufacturing
• Others

By Material

• Metals & Alloys
• Polymers
• Biological Cells
• Others

By Application

• Medical Implants
• Prosthetics
• Wearable Devices
• Tissue Engineering
• Others

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