3D Printing Market in Healthcare Industry Market to grow by USD 2.53 billion through 2025|Impacts of Drivers and Challenges|Technavio

The 3D printing market in the healthcare industry is set to grow by USD 2.53 billion, progressing at a CAGR of almost 18% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

The 3D printing market in the healthcare industry will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

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3D Printing Market: Segmentation by Application
Based on the segmentation by application, the market generated maximum revenue in the orthopedic and spinal segment in 2020. Factors such as the increasing prevalence of orthopedic and spinal disorders, the rising demand for patient-specific orthopedic and spinal implants, the growing need for advanced surfaces and structures in implants, and the aging population are driving the growth of the segment. The growth of the orthopedic and spinal segment will be significant over the forecast period.

3D Printing Market: Segmentation by Geography
37% of the market's growth will originate from North America, which held the largest market share in 2020. The growth of the market in North America is expected to be faster compared to the growth of the market in other regions. The US is the key market for the 3D printing market in the healthcare industry market in the North American region over the forecast period.

3D Printing Market: Opportunities
Factors such as the practical implementations and continued advancement of the technology and rising cost efficiency are enhancing the growth of the market. Over the years, countries across the world have been making significant investments in the healthcare sector. This will create considerable demand for the 3D printing market in the healthcare industry, thereby opening several growth opportunities for market vendors.

Know more about Techanavio's analysis on the impact of Disruption Threats comparing Disruptive sources and Factors driving disruption:
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Key Market Dynamics:

Market Drivers

• Increased demand for personalized or customized medical devices
• Increasing adoption of 3D printing technology by medical professionals
• Rising cost efficiency and enhanced productivity

Market Challenges

• High initial setup cost of 3D printing facilities
• The threat of counterfeiting products
• Limitations of raw materials and 3D-printing techniques

Companies Mentioned

• 3D Systems Corp.
• DENTSPLY SIRONA Inc.
• Desktop Metal Inc.
• Formlabs Inc.
• General Electric Co.
• Materialise NV
• Renishaw Plc
• Roland DG Corp.
• Stratasys Ltd.
• The ExOne Company

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Available Customization
Along with the market data, Technavio offers customizations as per the specific needs of the companies. The following customization options are available for the 3D printing market in the healthcare industry report

• Further breakdown of the market segmentation in requested regions.
• Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.

Key Topics Covered

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation by Technology
• Market Segmentation by Application
• Market Segmentation by Geography
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio