Global Healthcare Additive Market By Technology (3D Printing, Laser Sintering, Stereolithography, Fused Deposition Modeling, Electron Beam Melting, Tissue Engineering), By Application (Medical Devices, Diagnostics, Gene Therapy, Drug Screening and Development, Toxicity Testing, Stem Cell Research, Tissue Engineering & Regenerative Medicine), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

“Additive Manufacturing” (AM) refers to technologies that grow three-dimensional objects one superfine layer at a time. It is also known as 3D Printing and “rapid prototyping.” It removes many of the constraints seen in more traditional manufacturing methods such as milling, casting, forging or fabrication. This has opened-up new possibilities for complex geometries and mass customization of previously unfeasible parts at commercially viable costs.

This technology enables new medical devices that benefit patient care in orthopedics, implantology, and dentistry. It is ideal in making prototypes quickly using 3D CAD and eliminates the lengthy process and high costs associated with the same. It enables the creation of lighter, more substantial parts.

In recent years, communications, imaging, architecture, and engineering have all undergone digital revolutions, and now, AM has brought efficiency to manufacturing operations.

This technology has transformed the medical landscape due to the option of having an easily distributed supply-chain. With the increasing pressure on supplying necessary emergency items, the application of AM technology gained popularity.

Segmentation of the Global Healthcare Additive Market

By Technology

• 3D Printing
• Laser Sintering
• Stereolithography
• Fused Deposition Modeling
• Electron Beam Melting
• Tissue Engineering

By Application

• Medical Devices
• Diagnostics
• Gene Therapy
• Drug Screening and Development
• Toxicity Testing
• Stem Cell Research
• Tissue Engineering & Regenerative Medicine

By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

Market Dynamics

Technological developments in 3D printing, customization and personalization, increased R&D spending, a huge patient pool, and a surge in biomedical applications are major elements fueling this market. Furthermore, the high prices of 3D printing, increased reimbursement issues, increased copyright and patent concerns, and a shortage of experienced labor may all stymie 3D printing’s increased adoption in the healthcare industry.

Over the projected timeline, the increase in pharmaceutical applications and the possibility of bioprinting tissues and organs would provide opportunities for further market expansion. Moreover, significant R&D investments, a rapidly expanding client base, the expansion of the breadth of biomedical applications, and substantial R&D activities for advancing 3D printers at the academic and industrial levels have all propelled market growth prospects.

Collaborations between academic institutions, hospitals, and businesses have also contributed to the expansion of this market.

Competitive Landscape

• GENERAL ELECTRIC
• 3D Systems Inc
• EnvisionTEC
• regenHU
• Materialise
• EOS
• GPI Prototype and Manufacturing Services LLC
• INCREDIBLE AM PVT LTD.
• UL LLC
• Stratasys Ltd.
• Additive Manufacturing Ltd.
• 3Dnatives
• 3T Additive Manufacturing Ltd.
• Lithoz
• CRS Holdings Inc.
• AIM Sweden.Jabil Inc.
• Jabil Inc.

Recent Developments in this Industry:

• In October 2018, for example, 3D Systems Inc. entered into a collaboration with Amann Girrbach. This partnership aims to broaden 3D Systems’ product offering, which includes digital milling, CAD/CAM software, dental-optimized 3D printing, and test equipment of Amann Girrbach
• In January 2019, Jabil announced the launch of its complete solution to develop, incorporate and test custom materials for additive manufacturing. The availability of Jabil engineered materials strengthens its leadership in 3D printing, while the increasing adoption of 3D printing to produce highly functional parts for diverse and unique customer applications. This is anticipated to create a new generation of additive manufacturing applications for industries such as the healthcare, aerospace, automotive industries, among others.
• In September 2018, HP announced the launch of its Jet 3D printing technology, which is specifically designed to deliver faster, mechanically functioning parts, and to reorganize factor production for industrial, healthcare, and automotive companies.

For the Healthcare Additive Market research study, the following years have been considered to estimate the market size: