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Healthcare 3D Print Market to Hit $1.13 Billion in 2020 – Rapid Ready Technology

by • April 11, 2016 • No Comments

The global healthcare 3D printing marketis estimated to grow at a CAGR of 15.6% of 2014 to 2020 according to a new report of Grand View Research.
According to the report, government initiatives to create healthcare infrastructure and rising investments for R&D are a few of the facts driving growth. The faculty of the innovation to reduce the risks involved with anaesthesia during prolonged surgeries has in addition increased demand. The market is estimated to be worth USD $1.13 billion by 2020.healthcare-3d-printing-market
Polymers accounted for 35% of the overall market share in 2013, and were primarily utilized in bio-model printing.
Ceramics were commonly utilized for manufacturing tooth or mandible (jaw bone) implants.The ceramics market is expected to grow at a CAGR of 15.6% over the forecast period.
Implants accounted for over 60% of the global market in 2013. Photo-polymerization innovation, utilized by research organizations to create accurate and efficient bio-models, was valued over USD $140.0 million in 2013. But, laser beam melting is estimated to grow at a CAGR exceeding 16% of 2014 to 2020, manufacturing it the most quickly expanding segment. It is mostly utilized for making orthopaedic implants.
North America accounted for over 35% of the global revenue. Rising awareness one of patients, mounting investments for dedicated R&D facilities, high end healthcare infrastructure and createment of 3D printing-based products are expected to drive demand in the region over the forecast period. Demand in Europe can expand quickly over the forecast period, as can demand in the Asia-Pacific region.
Resarch & Markets has in addition introduced a new report “Global Healthcare 3D Printers, Applications, Products, Services & Ancillary Market Assessment & Forecast: 2015-2019.” According to the report while 3D printing hardware accounts for 16% of the North American market, healthcare 3D printing hardware is expected to be much higher at 24.2%. That is being driven by high demand for printed surgical guides.
Source: Grand View Research and Research & Markets

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