Healthcare Additive Manufacturing Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What fueled the previous growth in the healthcare additive manufacturing market?
The market size of additive manufacturing in healthcare has seen a rapid expansion in the past few years. The growth is predicted to rise from $10.5 billion in 2024 to a significant $12.73 billion in 2025, with a compound annual growth rate (CAGR) of 21.3%. The growth witnessed in the historical period can be credited to factors such as the early adoption of 3D printing technology, advancements in the field of material sciences, the increasing need for tailored medicine, the rising demand for custom implants and prosthetics, progress in minimally invasive surgical techniques, a decrease in manufacturing costs, and encouraging regulatory frameworks.
What will be the healthcare additive manufacturing market size in the future?
The market size of healthcare additive manufacturing is projected to witness a rapid increase in the coming years, expected to reach $27.28 billion in 2029 with a compound annual growth rate (CAGR) of 21.0%. This growth during the predicted period can be credited to the rising occurrence of chronic illnesses, increased investments in healthcare innovation, progress in bioprinting technology, growing need for personalized and patient-specific solutions, influence of artificial intelligence and machine learning, expanded use in regenerative medicine, and increased global healthcare spending. Significant trends during the forecast period are expected to include the incorporation of advanced biomaterials, emergence of on-demand 3D-printed pharmaceuticals, rising usage of wearable health monitors, cooperative efforts between tech firms and healthcare providers, advancement into new therapeutic domains such as oncology and neurology, appearance of point-of-care manufacturing solutions, and a heightened emphasis on sustainable and eco-friendly production methodologies.
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What main drivers are fueling expansion in the healthcare additive manufacturing market?
The surge in orthopedic procedures is anticipated to fuel the expansion of the healthcare additive manufacturing market. Orthopedic procedures encompass surgical and non-surgical treatments designed to rectify issues associated with the musculoskeletal system, such as bones, joints, ligaments, tendons, muscles, and nerves. Factors like an aging demographic dealing with joint degradation and a rise in sports-related injuries necessitating surgical responses contribute to the growing demand for such procedures. Healthcare additive manufacturing enhances orthopedic procedures by allowing for the production of personalized implants and prosthetics, ensuring an exact fit as well as superior results, and promoting faster recovery and improved surgical preparation. For example, in December 2023, a report by GOV.UK, a government agency in the UK, reported that in the financial year 2022-2023, a total of 102,025 orthopedic procedures were subjected to obligatory surveillance, representing a 10.2% growth from the 92,608 procedures documented during the previous fiscal year. Therefore, the surge in orthopedic procedures is fostering the development of the healthcare additive manufacturing market.
What key areas define the segmentation of the global healthcare additive manufacturing market?
The healthcare additive manufacturing market covered in this report is segmented –
1) By Material: Metals And Alloys, Polymers, Biological Cells, Other Materials
2) By Technology: Stereolithography, Deposition Modeling, Electron Beam Melting, Laser Sintering, Jetting Technology, Laminated Object Manufacturing, Other Technologies
3) By Application: Medical Implants, Prosthetics, Wearable Devices, Tissue Engineering, Other Applications
Subsegments:
1) By Metals and Alloys: Titanium Alloys, Stainless Steel, Cobalt Chrome Alloys, Aluminum Alloys, Nickel Alloys
2) By Polymers: Thermoplastics, Biodegradable Polymers, Photopolymer Resins, Polyetheretherketone (PEEK), Polyamide (Nylon)
3) By Biological Cells: Stem Cells, Human Cells For Tissue Engineering, Bioinks For 3D Printing, Cell-Based Bioprinting Materials
4) By Other Materials: Ceramics, Glass-Based Materials, Composite Materials, Gelatin-Based And Collagen-Based Materials
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Who are the dominant players expanding their reach in the healthcare additive manufacturing market?
Major companies operating in the healthcare additive manufacturing market are General Electric Company, HP Inc., Jabil Inc., Medtronic PLC, Stryker Corporation, Zimmer Biomet, Globus Medical, EOS GmbH, Stratasys Ltd., 3D Systems Corporation, Materialise N.V., Desktop Metal Inc., Paragon Medical, Fathom Manufacturing, SLM Solutions Group AG, EnvisionTEC GmbH, Nano Dimension Ltd., Shapeways Inc., Xact Metal Inc., Raise3D Technologies Inc., Nanoscribe GmbH, Lithoz, Vesalio
How are evolving market trends shaping healthcare additive manufacturing Strategies?
Leading firms in the healthcare additive manufacturing industry are concentrating their efforts on optimizing their investments in point-of-care 3D medical device manufacturing facilities. Their goal is to enrich personalized medical options and elevate patient outcomes. Point of care 3D medical device manufacturing entails creating medical tools on the spot or near where patient care is provided, leveraging 3D printing technology. For example, in June 2024, Ricoh USA Inc., an American imaging and electronics firm, initiated its premier Point of Care 3D medical device manufacturing plant, named the RICOH 3D for Healthcare Innovation Studio, located in Winston-Salem, North Carolina. This state-of-the-art establishment aims to offer clinicians instant access to 3D-printed anatomical models, thereby improving surgical planning and patient education in diverse medical sectors such as craniomaxillofacial, orthopedic, and cardiovascular areas. By facilitating the swift creation of patient-specific models from medical images, the facility encourages collaboration among interdisciplinary teams, fostering innovation in personalized patient care.
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Which regions are emerging as leaders in the healthcare additive manufacturing market?
North America was the largest region in the healthcare additive manufacturing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare additive manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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