3D PRINTING IN HEALTHCARE MARKET ANALYSIS

3D Printing in Healthcare MarketSize and Trends

The global 3D printing in healthcare market was valued at US$ 1.87 Bn in 2022 and is forecast to reach a value of US$ 7.47 Bn by 2030 at a CAGR of 19.0% between 2023 and 2030. The adoption of 3D printing technology in medical & surgical centers, pharmaceutical & biotechnological companies, and academic institutions has increased, and is expected to further augment in the near future. Advances in 3D printing technology has led to more efficient processes, which further lead to availability of more affordable end products for the consumer. Thus, presence of large consumer base is expected to drive the market growth during the forecast period.

Figure 1. Global 3D Printing in Healthcare Market Share (%), By Region, 2023

Global 3D Printing in Healthcare Market Trends:

Presence of large patient pool

Majority of the individuals suffer from organ failure, amputation, and sever injuries, owing to increase in prevalence of diseases, accidents, and congenital defects. In 2018, approximately 114,000 patients in the U.S. were on the waiting list for organ transplantation. In addition, rapid rise in geriatric population suffering from bone and joint problems boosts the growth of the market. Furthermore, almost 12.35 million amputees are estimated to be present across the globe. This has significantly fuelled the growth of the market, as 3D printers are used for printing body parts, which has led to increase in customer base. Moreover, population suffering from auditory disorder and dental problems has increased at alarming rate, which acts as a key driver of the global market. This is attributed to the fact that 3D printing in dentistry is used to generate a 3D model of teeth.