Global Healthcare Additive Manufacturing Market: Regional Insights
Based on geography, the global healthcare additive manufacturing market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Among regions, North America is expected to gain highest share in the market during the forecast period owing to the rising prevalence of chronic disease, growing geriatric population, increasing demand for medical devices and advent of novel technologies in the region. For instance, according to the Population Reference Bureau of the U.S., the number of Americans aged 65 years and older is projected to nearly double from 52 million in 2018 to 95 million by 2060. As the older population is prone to hearing loss, the demand for hearing aid device (manufactured using healthcare additive manufacturing) is expected to increase in this region.
Europe and Asia Pacific are also expected to witness significant growth in the healthcare additive manufacturing market owing to the rise in burden of chronic disease, growing geriatric population, increasing number of surgeries, and increasing demand for novel medical devices in these regions. For instance, in March 2021, Cellink announced the launch of BIO MDX series, a next generation bio-printers designed for high-throughput fabrication and precision 3D bioprinting for biomedical manufacturing, including biocompatible medical devices. Such developments are expected to aid in the growth of the market during the forecast period.
Healthcare Additive Manufacturing Market Report Snapshots
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