HEALTHCARE ADDITIVE MANUFACTURING MARKET ANALYSIS

Healthcare Additive Manufacturing MarketSize and Trends

The global healthcare additive manufacturing market was valued at US$ 1.95 Bn in 2022 and is forecast to reach a value of US$ 9.65 Bn by 2030 at a CAGR of 22.4% between 2023 and 2030. The global healthcare additive manufacturing market is experiencing strong growth due to the rise in burden of orthopedic and dental diseases and increasing demand for 3D printed medical products. Moreover, increasing applications of 3D printing in the healthcare industry and growing adoption of 3D printed prosthetics is expected to boost the growth of the market.

Global Healthcare Additive Manufacturing Market Trends:

High demand for 3D printing materials is a recent trend

Polymers and their composites are one of the most widely used additive manufacturing materials due to vast potential for various applications in the healthcare. They are used to create prosthetic limb parts, hearing aids, as well as models that can aid in diagnosis and preoperative planning, and organs or specific body parts for practice purposes. While, titanium alloy and pure titanium are the most preferred and biocompatible metallic materials for biomedical implants. Several biomaterials are also used as inks to create 3D structures with a range of sizes and stiffness. Thus, this trend is expected to continue over the forecast period.

Growing geriatric (aging) population is another trend

With the growing geriatric (aging) population around the world, the demand for medical devices (manufactured using healthcare additive manufacturing) is also increasing rapidly. For instance, as the older population is prone to hearing loss, the demand for hearing aid device (manufactured using 3D manufacturing) is also increasing worldwide. 3DP4ME is developing workflows to 3D print hearing aid earmolds/prosthetics. In November 2022, 3DP4ME planned to deliver thousands of custom hearing aids for people who need them. This trend is also expected to continue over the forecast period, driving the growth of the market.