GVR Report cover Healthcare Additive Manufacturing Market Size, Share & Trends Report

Healthcare Additive Manufacturing Market Size, Share & Trends Analysis Report By Technology (Laser Sintering, Deposition Modeling), By Application, By Material, By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-3-68038-693-6
  • Number of Pages: 275
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2020
  • Industry: Healthcare

Report Overview

The global healthcare additive manufacturing market size was valued at USD 1.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 22.6% from 2022 to 2030. The market is growing due to the rising demand for customized medical items, such as implants, and the advent of new technologies to manufacture a variety of products with simple and complicated designs. Additive manufacturing is being hailed as the next industrial revolution in manufacturing, with the potential to produce sophisticated and customized medical parts and components such as tissues, organs, dental prostheses, and orthopedic and cranial implants.

U.S. healthcare additive manufacturing market size, by application, 2020 - 2030 (USD Million)

High demand and unmet needs in the healthcare sector, which have been identified as a result of an increase in the number of surgeries and the rising frequency of chronic illnesses, are expected to boost the market growth throughout the forecast period. There has been a fall in the market growth in the first half of 2020 due to the COVID-19 pandemic, but the market showed a lucrative growth in the second half and produced a large amount of equipment required to fight against coronavirus, hence contributing to the growth of the market.

Additive manufacturing enables the production of more complicated designs that would be impossible or prohibitively expensive to produce with traditional machines, molds, milling, and dies. It also significantly assists in quick prototyping, enabling a more dynamic and design-driven workflow. Furthermore, it swiftly provides prototypes using 3D CAD as it eliminates the time-consuming procedure and expensive expenses associated with traditional prototyping.

COVID19 impact: Anticipated to witness a robust growth of 21.8% over the forecast period

Pandemic Impact

Post COVID Outlook

Additive Manufacturing has transformed the medical landscape due to the option of having an easily distributed supply chain. With the increasing pressure on supplying critical emergency items, the application of AM technology gained massive momentum.

At times when the supply chain is disrupted, unconventional manufacturing techniques such as Additive Manufacturing (AM) step up and use their unique characteristics to enable the Healthcare industry with its critical needs.

The high demand for medical devices and personal protective equipment (PPE) during the COVID-19 crisis left millions of health care professionals unprotected. The three-dimensional printing (3DP) community, from universities to 3DP enthusiasts with printers at home, was available to support hospitals from day 1 on this demand by providing PPE and other medical supplies (e.g., face shields and valves for respiratory machines).

The technology is capable of on-demand production bringing scalability to manufacturing. Few organizations that use AM in their manufacturing processes produced replacement parts for medical ventilators. Besides solving for the direct medical needs, AM has also enabled manufacturers to develop hygiene and safety products like hands-free door handles and pedals.

In the COVID-19 pandemic mayhem, additive manufacturing (AM) provided relief to the strained healthcare systems and manufacturing environments by offering an alternative way to rapidly produce desired products. AM was primarily used in the medical domain for the production of standard medical items, such as personal protective equipment (PPE) but also for non-obvious and new applications (e.g. swab simulator, rapid diagnostic kits, etc.)

While it is uncertain when the current coronavirus pandemic will face a definitive end, additive manufacturing, and its community’s resolve towards fighting the COVID crisis offers a positive outlook for the future.

 

Additive manufacturing uses a wide variety of materials such as polymers, metal alloys, and biological cells. The most widely used materials are polymers and metal alloys as they are biocompatible, non-corrosive, and have good strength. Polymers are usually used in making prosthetics, medical implants, limbs, and related accessories. Metals and alloys are extensively used in spinal and surgical implants.

The COVID-19 pandemic initially reduced the growth of the market due to economic slowdown, disruption in the supply chain, and stay-at-home orders by the government to prevent the disease. However, the market gained momentum by making medical supplies that were required to prevent coronavirus. For instance, in April 2020, 3T company along with EOS produced more than 100,000 face shields for healthcare workers across NHS and the U.K. healthcare system defending against the COVID-19 pandemic. In addition, in November 2020, Allevi, Inc., a 3D bio-fabrication company, collaborated with The Wistar Institute. The main aim of this collaboration was to use 3D printing to fight against coronavirus. Allevi Inc. used bioprinting technology to produce a model of the lungs of an infected person with SARS-CoV-2, which was used as study material by researchers at the Wistar Institute to find ways to contain this infection.

Technology Insights

The laser sintering segment dominated the market and accounted for a revenue share of over 30.0% in 2021. Laser sintering is an advanced technology that uses lasers to amalgamate material layers into the final product. Snap fittings, live hinges, and other mechanical joints are among the practical applications where LS is the technology of choice. The main drivers of this market are advanced machinery, software, and materials that have made this technology available to a wide range of biotechnology firms. It can produce multiple pieces at one time and does not require support to build an object.

The deposition modeling segment is expected to register the fastest CAGR of 25.0% during the forecast period. This technology allows items to be made from a variety of thermoplastics such as rigid, transparent, or elastomer polymers. This is leading to reduced time by shortening lead time and speeding up the prototyping process. It uses a wide variety of materials to produce desired medical products and can fabricate medical products on demand. Moreover, it is a budget-friendly technology and it produces good resolution and precise medical products.

Application Insights

The medical implants segment accounted for the maximum revenue share of over 30.0% in 2021. This segment will retain its position during the forecast period due to a rise in the geriatric population that led to a rise in demand for orthopedic procedures, such as hip and knee replacements. The demand for spinal implants that are trauma-associated is also increasing.

The wearable devices segment is expected to expand at the fastest CAGR of 23.9% during the forecast period. This is due to the rising demand for wristbands and fitness devices that are used for monitoring health. There is also a rise in the use of technologically advanced products for patient monitoring and disease management. They help in improving the quality of patient care and reduce the cost of care.

Material Insights

The polymers segment emerged as the largest revenue share of over 50.0% in 2021. Medical instruments, prosthetic limbs, and related accessories have all been made with polymer-based additive manufacturing for decades. Polymer materials have been the most widely used class of materials for additive manufacturing processes due to their synthetic plasticity and adaptability and a variety of features. They also have a wide range of uses in the healthcare business, from instructional objectives to medical implants and wearable gadgets. The mentioned reasons are expected to fuel market expansion.

Global healthcare additive manufacturing market share, by material, 2021 (%)

The biological cells segment is expected to expand at the fastest CAGR of 24.5% during the forecast period. The main drivers of this market are the growing geriatric population with chronic diseases and the limited number of organ donors. In addition, technological advancements, rising R&D investments, and increasing demand for medical pills that are formed using additive manufacturing are fueling the growth.

Regional Insights

North America dominated the market and accounted for a revenue share of over 35.0% in 2021. The major factors contributing to the market growth include an increase in the geriatric population, high purchasing power, strong government support for quality healthcare, and supportive reimbursement policies in the U.S. and Canada. For instance, in the U.S., the Patient Protection and Affordable Care Act (PPACA), also known as Obamacare, provides residents with affordable and high-quality health insurance plans. Furthermore, favorable government measures to assist research and development in the concerned industry are increasing the adoption of products made with additive manufacturing, which is driving the market.

Asia Pacific is projected to be the fastest-growing regional market with a CAGR of 28.5% during the forecast period. Lower costs, a competent workforce, quickly increasing healthcare infrastructure, the rising prevalence of arthritis, economic development, and the significant unmet medical requirements of a big population pool are all expected to drive the market in this region. Dental 3D printing is also in high demand due to the growing number of patients who are having their teeth replaced.

Key Companies & Market Share Insights

Mergers, acquisitions, and collaborations are among the techniques adopted by key firms to maintain their market share. For example, in November 2021, to provide point-of-care anatomic modeling services to healthcare organizations, Stratasys collaborated with RICOH 3D for Healthcare and employs 3D printing technology to provide more medical professionals and hospitals with 3D printed, patient-specific anatomic models as part of its service offering. Some prominent players in the global healthcare additive manufacturing market 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

  • 3T Additive Manufacturing Ltd

  • Fathom

  • General Electric

Healthcare Additive Manufacturing Market Report Scope

Report Attribute

Details

Market Size value in 2022

USD 1.9 billion

Revenue forecast in 2030

USD 9.9 billion

Growth Rate

CAGR 22.6% from 2022 to 2030

Base year for estimation

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Technology, application, material, region

Regional scope

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

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Russia; India; Japan; China; Australia; South Korea; Indonesia; Brazil; Mexico; Argentina; Colombia; South Africa; Saudi Arabia; UAE

Key companies profiled

GE Additive; 3D Systems, Inc.; EnvisionTEC; RegenHU; Allevi Inc.; EOS GmbH; Materialise N.V.; Stratasys Ltd.; Nanoscribe GmbH; GPI Prototype and Manufacturing Services, LLC; 3T Additive Manufacturing Ltd; Fathom; General Electric

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global healthcare additive manufacturing market report on the basis of technology, application, material, and region:

  • Technology Outlook (Revenue, USD Million, 2018 - 2030)

    • Stereolithography

    • Deposition Modeling

    • Electron Beam Melting

    • Laser Sintering

    • Jetting Technology

    • Laminated Object Manufacturing

    • Others

  • Application Outlook (Revenue, USD Million, 2018 - 2030)

    • Medical Implants

    • Prosthetics

    • Wearable Devices

    • Tissue Engineering

    • Others

  • Material Outlook (Revenue, USD Million, 2018 - 2030)

    • Metals and Alloys

      • Steel

      • Titanium

      • Others

    • Polymers

      • Nylon

      • Glass-filled Polyamide

      • Epoxy Resins

      • Photopolymers

      • Plastics

      • Biological Cells

      • Others

    • Biological Cells

    • Others

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

      • Indonesia

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

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