Dec 16, 2016

Healthcare 3D Printing Report Forecasts Major Growth in Next 15 Years

The new report from Spearhead Acuity Business Research & Consulting shows that healthcare-driven 3D printing technology will expand rapidly.

Of all the areas that 3D printing technology has had a positive impact on, none stand to be completely revolutionized quite like the medical sector. Today, healthcare 3D printing companies are amongst the most innovative in the entire industry. From bioprinting organs to bone implants, 3D printing technology has become an innovative and versatile tool for a plethora of healthcare applications.

According to the new report by Spearhead Acuity Business Research & Consulting, 3D printing looks as if it will continue its rapid expansion throughout the vast medical sector. The report, entitled Global Healthcare 3D Printers, Applications, Products & Services Market Assessment & Forecast: 2015 – 2019, explores this specialized market region by region. The analysis covers the markets in North America, Europe, Asia-Pacific, Latin America, Middle-East, and Africa.

North America Leads the Way for Medical 3D Printing 

The report shows that North America is the clear pioneer for healthcare-driven 3D printing, accounting for 47.5% (US$ 318.7 million) of the market in 2014. While general 3D printing hardware makes up just 16% of the North American market, healthcare 3D printing hardware is expected to be much higher at 24.2%.

This market growth has been driven by the demand for 3D printed patient-specific surgical guides. Though large 3D printing companies like Stratasys, EnvisionTEC, and 3D Systems have had a stronghold on the medical market in recent years, a vast number of other manufacturers and service providers have diversified and expanded the market.

European Market Expansion Also on the Way

While North America is currently the clear leader in healthcare 3D printing, countries like Germany, United Kingdom, Sweden, Poland, Belgium, and Italy have also had an emergence onto the market. The report takes a look into the pioneering companies from each region, while also factoring in the recently presented EU regulation on 3D printed medical devices.

The regulation states that manufacturers of patient-specific medical devices must ensure safety and proper use. Still, the regulatory burden of such devices remains low in Europe, which could help set their market up for success akin to the one in North America.

Tissues and Organs and Bones! Oh, My!

The Spearhead Acuity Business Research & Consulting report also explores the global expansion of bioprinting. The market forecast states that the ability to produce biocompatible tissues, organs, and bone implants “is one of the most disruptive technologies introduced in recent year”. The report then goes on to acknowledge the leading players in the area of bioprinting, such as Organovo, BioBots, and many others.

The entire “Global Healthcare 3D Printers, Applications, Products & Services Market Assessment & Forecast: 2015 – 2019” can be bought here.

License: The text of "Healthcare 3D Printing Report Forecasts Major Growth in Next 15 Years" by All3DP is licensed under a Creative Commons Attribution 4.0 International License.

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