Healthcare Additive Manufacturing Market Expected To Grow With USD 4.3 Billion By 2026


 San Francisco, 23 Nov 2020: The Report Healthcare Additive Manufacturing Market Size, Share & Trends Analysis Report By Technology (Laser Sintering, Stereolithography), By Application (Medical Implants, Prosthetics), By Material, And Segment Forecasts, 2019 - 2026

The global healthcare additive manufacturing market size is expected to reach USD 4.3 billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 20.8% during the forecast period. Increasing need for customized medical products such as implants coupled with the introduction of advanced technologies to produce simple as well as complex designs is driving the growth.

Benefits of Additive Manufacturing (AM) such as application of advanced technologies; use of wide range of materials like metal, plastics, and polymers; flexibility in design; build speed; dimensional accuracy; and ability to produce complex parts or geometry such as cooling channels and honeycomb structure drive it preference over conventional manufacturing.

Production of implants and prosthetics is the largest application for additive manufacturing in the healthcare industry. Increasing demand for orthopedic procedures such as knee ND hip replacements due to the rising geriatric population is anticipated to bode well for the market growth. Trauma-associated devices like spinal implants are also anticipated to witness increased demand over the forecast period. Moreover, rising demand for dental implants driven by increasing application coupled with preference for prosthetics is expected to drive the market for healthcare additive manufacturing.

North America and Europe have led the healthcare additive manufacturing market in terms of both the revenue and market share in the past. Increased R&D activities, advanced healthcare system, presence of leading 3D printing machinery manufacturers and material suppliers, along with progressive healthcare system are projected to drive the growth of the market in these regions. North America is anticipated to continue holding the largest market share during the forecast period.

Access Research Report of Healthcare Additive Manufacturing Market @ https://www.grandviewresearch.com/industry-analysis/healthcare-additive-manufacturing-market

Healthcare Additive Manufacturing Market Report Highlights

  • Laser sintering accounted for the largest market share in 2018 owing to the ability of this technology to produce a number of pieces at a time
  • Polymers was the largest material segment in 2018 due to high usage of the material in creating medical instruments, prosthetic limbs, and other such accessories
  • North America dominated the healthcare additive manufacturing market with the largest share of 34.9% in 2018. Presence of a large pool of additive manufacturing companies with a robust distribution network in the U.S. is anticipated to fuel the regional growth
  • Asia Pacific is projected to witness the fastest CAGR of 27.0% during the forecast period, attributed to the high demand for dental 3D printing driven by rising number of people undergoing tooth replacement surgeries
  • Few of the key market players include GE Additive; 3D Systems, Inc.; EnvisionTEC; regenHU; Allevi, Inc.; EOS GmbH; Materialise N.V.; Stratasys Ltd.; Nanoscribe GmbH; GPI Prototype; and Manufacturing Services, LLC.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the global healthcare additive manufacturing market based on product type, disease indication, end use, and region:

Healthcare Additive Manufacturing Technology Outlook (Revenue, USD Million, 2015 - 2026)

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

Healthcare Additive Manufacturing Application Outlook (Revenue, USD Million, 2015 - 2026)

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

Healthcare Additive Manufacturing Material Outlook (Revenue, USD Million, 2015 - 2026)

  • Metals and Alloys
  • Polymers
  • Biological Cells
  • Others

Healthcare Additive Manufacturing Regional Outlook (Revenue, USD Million, 2015 - 2026)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Access Press Release of Healthcare Additive Manufacturing Market @ https://www.grandviewresearch.com/press-release/global-healthcare-additive-manufacturing-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

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