The “3D Printing Market in Healthcare Industry – Growth, Trends, and Forecast (2019 – 2024)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, a growing number of hearing aids are 3D printed in current innovations and technological advancements, making it one of the important factors to positively drive this market over the forecast period. Similar has been the case with dental implants. With an increasing number of procedures of dental implants, the need for customized procedures has risen. This can be catered by 3D printing techniques.
3D printing technologies capabilities are being explored at a rapid pace across the developed markets for a wide variety of applications in the medical/healthcare field. Other factors, such as technological advancements leading to the enhanced application and increasing scope of bioengineering products are driving the growth of the healthcare 3D printing market.
For any 3D-printed device to implant/other medical uses, biocompatibility is of utmost importance. Titanium alloy and pure titanium are the most-preferred and biocompatible metallic materials for a biomedical implant. So, the titanium or titanium-alloy-based segment of the market studied is expected to record the highest CAGR during the forecast period. With advancements in technology, the 3D printing titanium sub-segment is expected to revolutionize medical device manufacturers over the forecast period. However, 3D-printed devices require software and material specifications that are more stringent than the specifications of the other traditional medical devices.
These factors are expected to provide steady and consistent growth to companies and overall business, over the forecast period.
North America is expected to dominate the overall market, throughout the forecast period. In North America region, the United States holds the largest market share and this is due to the increasing trend in customized 3D printing and technological advancements leading to enhanced applications which have helped the growth of the 3D printing market in the healthcare industry in the country.