Healthcare 3D Printing Market will secure 20% growth to cross 2.2 Billion by 2024

Canada Healthcare 3D Printing Market will experience a lucrative growth over the forecast years (2017-2024) propelled by increasing advances in 3D printing industry and growing geriatric patient pool.

OCEAN VIEW, Del., Sept. 15, 2017 /PRNewswire-iReach/ -- The Industry trends report "Healthcare 3D Printing Market By Product (Syringe based, Magnetic Levitation, Laser based, Inkjet based), By Technology (Stereolithography (SLA), Fused deposition modeling (FDM), Selective Laser Sintering (SLS), Other), By Application (Biosensors, Medical { Pharmaceutical, Prosthetics and Implants, Tissue and Organ Generation}, Dental), Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Landscape & Forecast, 2017 – 2024" by Global Market Insights, Inc. forecast Healthcare 3D Printing Market is expected to exceed $2.2 billion by 2024.

Once thought of as a sci-fi notion, 3d printing has now penetrated myriad sectors, Healthcare 3D Printing Market bearing no exception. Speculated as one of the most disruptive technologies of recent times, 3D printing, with its highly advanced technology, involves the build-up of solid 3D objects from a digital prototype, assembling consecutive material layers on top of one another, that eventually gives rise to the completed object. The technology has been touted by industry gurus as one of the most revolutionary ones in the last few years, given its extensive proliferation in the manufacturing, automotive, construction, chemicals, food & beverage, and medical sectors.

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3D printing first came to the fore in 1986, known by the name of 'stereolithography'. The technology had not garnered popularity back then, however, it has become prevalent since the onset of the 21st century, marking the genesis of healthcare 3D printing industry commercialization. Today, 3D printers are being deployed heavily across the medical space, to create medical device prototypes, dental applications, medicine models, surgical prototypes, and more, thereby creating lucrative growth avenues for healthcare 3D printing market investors. The medical fraternity, in particular, has been the recipient of numerous innovations in 3D printing, subject to the widespread advantages that the technology offers.

For instance, a 3D-printed prototype can be specifically customized and used by surgeons to try out a specific procedure on patients, in a risk-free environment, it helps reduce surgery cost, enables medical simulation, helps determine the best tools for surgery, and to identify possible complications. The medical space, already reeling under immense pressure with regards to optimal performance and reduced costs, will stand to gain unprecedented benefits from this good-as-gold technology, as per experts. In the event that it witnesses the predicted propulsion, 3D printing in healthcare market will observe a meteoric rise over the coming seven years.

Browse key industry insights spread across 150 pages with 94 market data tables & 15 figures & charts from the report, "Healthcare 3D Printing Market" in detail along with the table of contents:

The application of 3D printing in healthcare market heavily leans toward prosthetics, customized implants, & bioprinting. In 2015, a team of doctors at the Bengaluru-based Sakra World Hospital performed India's supposedly first endoscopic surgery on a 5-month old girl with fused skull bones, with a 3D-printed helmet that exerts pressure on the required parts of the skull. The party behind this marvel had been Osteo3D, a phenomenal upstart in healthcare 3D printing industry, that had designed a personalized helmet for the surgery. Today, this tenderfoot in healthcare 3D printing market designs 3D-printed prototypes for surgeries, dental implants, maxillofacial surgeries, and neurosurgeries, and has contributed its models for more than 350 surgeries so far.

Recognizing the need for high-grade 3D printing in healthcare industry, the National University of Singapore Centre for Additive Manufacturing plans to develop, enhance, and deploy 3D printing technology in the medical sector, with reference to which the institute has launched a new knowledge center worth USD 18 million. The highlighting factor in this agreement is that four major conglomerates – Osteopore International, Creatz3D, Forefront Additive Manufacturing, and Dou Yee Enterprises have signed MoUs with the center. This is indicative of the robust penetration of 3D printing in healthcare market across various geographies.

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Aspect Biosystems, a Canada-based biotech firm has recently declared a partnership with DePuy Synthes Products Inc., with an aim to reinvent the growth curve of 3D bioprinting and by extension, effectuate developments in healthcare 3D printing industry. Facilitated by Johnson & Johnson, this agreement states that Aspect's massive 3D bioprinting platform will be used to develop a 3D-printed knee meniscus for surgical therapy, that will act as a cushion between the shinbone and the thighbone. Considering the ever-growing pool of elderly patients suffering from osteoporosis, surgical treatment of a torn meniscus via 3D printing will garner positive acclaim worldwide, leading to the widespread commercialization of 3D printing in healthcare market.

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Osseointegration Implants Market Size 2017-2024

Osseointegration Implants Market value exceeded USD 4.6 billion in 2016 and is projected witness over 7% CAGR from 2017-2024. Growing geriatric population, rising number of trauma incidents, and escalating disposable income levels will be the most impact rendering factors driving osseointegration implants market share over the forecast years.

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