Healthcare Additive Manufacturing Market

The global Healthcare Additive Manufacturing Market is valued at USD 7.6 Billion in 2022 and is projected to reach a value of USD 29.5 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 17.2% between 2023 and 2030.

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According to the WHO report "Deafness and hearing loss", the number of individuals with hearing disabilities globally was 466 million, and that number is projected to rise to nearly 900 million by 2050. As a result, the market is anticipated to grow in the coming years as the number of hearing impairment patients rises. Additionally, the Population Reference Bureau of the United States projects that by 2060, there will be 95 million Americans aged 65 and older, nearly doubling from 52 million. The market for hearing aid devices made with healthcare additives is anticipated to rise as the elderly population is more susceptible to hearing loss. The COVID-19 pandemic caused a decline in the market growth in the first half of 2020. Still, the market recovered well in the year's second half and generated several items needed to combat coronavirus, which helped the market thrive.

Complex designs that would be difficult or impractically expensive to build with conventional machinery, molds, milling, and dies may now be produced thanks to additive manufacturing. For instance, in April 2020, 3T company and EOS produced more than 100,000 face shields for healthcare workers across NHS and the U.K. healthcare system to defend against the COVID-19 pandemic. In addition, in November 2020, Allevi, Inc 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. The number of orthopedic surgeries involving knee and hip replacements has increased as a result of the aging population. This has raised the demand for implants and prostheses, which has sped up the production of these goods. The ability to produce additively is essential for satisfying this demand. Additionally, it aids in creating prosthetic devices that help patients restore lost limb function and mobility after amputation or stroke. Additionally, they are flexible where comfort is needed and have sufficient rigidity where support is needed.

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• North America generated more than 48.5% of revenue share in 2022.
• Asia Pacific is expected to expand at the fastest CAGR from 2023 to 2030.
• Based on Technology, Deposition Modellingled the market in 2022.
• Based on Application, the Medical Implants segment recorded the most significant market share in 2022.
• Based on Material, the Polymer segment contributed more than 45.2% of revenue share in 2022.

Economic Insights

The market for manufacturing healthcare additives provides critical economic data demonstrating its potential influence on the world economy. The healthcare industry might witness a big cost reduction due to additive manufacturing. According to studies, additives can cut the cost of manufacturing some implants and medical devices by up to 50%. The capacity to make customized components on demand and removing tooling and molding costs are principally responsible for this cost decrease. Research suggests that 3D printing can shorten the development timeline for medical devices and implants by 40% or more. The ability to rapidly prototype and iterate designs allows for quicker testing and refinement, accelerating the introduction of new products and technologies. It is estimated that personalized implants produced through 3D printing can reduce revision surgery rates by 60%, leading to improved patient care and cost savings. A study conducted by Deloitte estimated that the 3D printing industry has the potential to create up to 100,000 new jobs in the healthcare sector by 2025. Additionally, establishing additive manufacturing facilities and infrastructure can attract investments and stimulate local economies.

Top Market Trends

• Growing Adoption of Personalized Medicine: The adoption of additive manufacturing in healthcare is driven by the demand for personalized medicinal solutions. By using additive manufacturing, it is possible to create medical devices, prosthetic limbs, and implants customized to each patient's unique anatomical needs. This trend makes it possible to enhance patient satisfaction, improve treatment outcomes, and manage healthcare more effectively.
• Innovations in bioprinting: Bioprinting, a specialized type of additive manufacturing, is becoming increasingly popular in the medical field. Creating functional tissues and organs entails precisely depositing living cells, biomaterials, and growth hormones. New possibilities for study and therapy could be opened up by developments in bioprinting technology, which has the potential to revolutionize regenerative medicine, transplantation, and drug testing.
• Growing Adoption of Additive Manufacturing Technologies in the Dental and Orthopaedic Sectors: Additive manufacturing technologies are widely used in the dental and orthopedic sectors. Orthodontic aligners, dental implants, and surgical guides are frequently created using 3D technology. 3D-printed implants, specially made surgical tools, and patient-specific models enhance surgical accuracy and patient outcomes in orthopedics.
• Regulatory developments: Regulatory organizations are establishing rules and guidelines for additive manufacturing in the healthcare industry. Creating regulatory frameworks and validation procedures protects the security, reliability, and efficiency of the items produced through additive manufacturing. Manufacturers, healthcare professionals, and patients gain confidence. As a result, spurring additional market expansion.

Market Segmentation

The global Healthcare Additive Manufacturing market can be categorized on the following: Technology, Application, Material, and Region.

Based on Technology, the market is segmented into Stereolithography, Deposition Modelling, Electron Beam Melting, Laser Sintering, Jet Technology, Lamination, And Other Technologies. Furthermore, based on the Application segment, the market is segmented further into Medical Implant, Prosthetic, Wearable Device, Tissue Engineering, and Other Applications. In addition, based on Material, the market is segmented into metals and alloys, polymers, Biological Cells, and others. Likewise, based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Based on Technology

Deposition Modelling will accommodate the majority of the market

Depositional modeling's predicted high growth in the Healthcare Additive Manufacturing industry is due to its capacity to create accurate models with fine details, complicated shapes, and perfect prototypes. This technology is a significant growth driver in the Healthcare Additive Manufacturing industry due to its applications in orthodontics, prosthetics, and other medical sectors.

Based on Application

Medical implants will dominate the market during Forecast Period

The increasing prevalence of age-related disorders like osteoarthritis and degenerative joint diseases, fueling demand for orthopedic implants like knee and hip replacements, contributes to this expected high growth rate. The need for implantable devices like spinal implants and the increase in trauma-related injuries also contribute to the rise of the medical implant sector. The growth of this market is also greatly influenced by the capability of additive manufacturing to produce personalized and customized medical implants, enhancing patient outcomes.

Based on Material

Polymer Material to Account for the Largest Market Share

The polymer segment of the global Healthcare Additive Manufacturing market is expected to grow at its highest during the forecast period. Polymers are used in healthcare to make prosthetic limbs, medical gadgets, and other accessories. Polymers are the most frequently utilized materials in his AM technology because of their adaptability, suitability for synthesis, and various features.

Based on Region

North America accounted for the most significant Revenue

North America holds a leading position in the market for Healthcare Additive Manufacturing due to the presence of significant companies and the region's concentration on technical improvements in the healthcare sector. North America implements strategic initiatives to achieve a competitive advantage and increase its market share. These programs could involve joint ventures, teamwork, mergers and acquisitions, and research and development expenditures. Such initiatives support technological development, innovation, and increased market competitiveness for Healthcare Additive Manufacturing.

Competitive Landscape

The Healthcare Additive Manufacturing market is fragmented and competitive, including numerous small-scale players operating independently in the industry, often specializing in specific areas or applications. In the case of additive manufacturing in healthcare, various companies, research institutions, and healthcare providers utilize 3D printing technology for different purposes, such as producing implants, prosthetics, surgical guides, and anatomical models. Larger companies may acquire smaller ones to expand their capabilities or enter new markets. For example, established medical device manufacturers have partnered with additive manufacturing companies to integrate 3D printing into their product portfolio. Top players use mergers, acquisitions, and alliances to keep their market share. For instance, Stratasys said the J3 DentaJet 3D printer would go on sale in February 2023. With the help of this printer, dental laboratories may quickly manufacture very precise mixed applications in a single tray. In November 2022, Stratasys joined forces with RICOH 3D for healthcare to use its 3D printing technology to offer hospitals and additional medical professionals’ patient-specific anatomic models.

The key players in the global Healthcare Additive Manufacturing market include GE Additive (Sweden), 3D Systems Inc. (U.S.), EnvisionTEC (Germany), RegenHU (Switzerland), Allevi Inc. (U.S.), EOS GmbH (Germany), Materialise N.V. (Belgium), Stratasys Ltd. (Israel), Nanoscribe GmbH (Germany), GPI Prototype and Manufacturing Services LLC (U.S.), 3T Additive Manufacturing Ltd. (UK), Fathom (U.S.), General Electric (U.S.), among others.

Recent Market Developments

• In August 2022, Sandvik moved significantly in the 3D printing materials market by acquiring Sphinx Tools Ltd and P. Rieger Werkzeugfabrik AG, two Swiss-based companies. This acquisition adds to Sandvik's impressive portfolio of 3D printing materials and technologies.
• In July 2022, when Markforged released its first high-temperature printing polymer. This thermoplastic material, ULTEM Filament, has excellent flame, smoke, and toxicity properties, making it suitable for aerospace production applications. With this release, Markforged is expanding its CFR technology into a new realm of parts, and the availability of ULTEM Filament in this new domain is expected to be a game-changer in the market.

Segmentation of the Global Healthcare Additive Manufacturing Market