Asia Pacific Healthcare 3D Printing Market Outlook 2031:
The Asia Pacific healthcare 3D printing market size was valued at USD 244.21 Million in 2022 and is projected to reach USD 599.82 Million by 2031, expanding at a CAGR of 10.5% during the forecast period 2023 - 2031. The growth of the market is attributed to the availability of advanced 3D printing for medical and dental application and rising demand for 3D printed products in pharmaceuticals industries.
3D printing is a procedure where material is deposited and solidified under computer control to generate a three dimensional object. In healthcare 3D printing is used to produce personalized pharmaceuticals as well as living human cells to use in tissue engineering and regenerative medicine. Regenerative medicines include various combinations of cells and biomaterials to make organs for transplants.
3D printing creates opportunities for the preparation and development of personalized medicines at both pharmacy 3D printing and industrial 3D printing scale. Strict rules and lockdown due to covid-19 along with disrupted supply chains impacted the healthcare 3D printing market. Various manufacturers started producing important medical equipment for hospitals during covid-19 crises.
Asia Pacific Healthcare 3D Printing Market Trends, Drivers, Restraints, and Opportunities
- Increasing funding for healthcare 3D printing activities is expected to boost the market expansion in the coming years.
- Rising awareness about the new developments in healthcare sector is anticipated to fuel the market growth during the forecast period.
- Rapid growth of the healthcare industry is main factor propelling the market expansion.
- High investment and operation cost is estimated to restrict the market expansion in the coming years.
- Lack of skilled workforce act as major factor that can impede the market growth.
- R&D investment and technological advancement in 3D printing is projected to offer immense opportunities for the market players.
Scope of the Asia Pacific Healthcare 3D Printing Market Report
The report on the Asia Pacific healthcare 3D printing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Asia Pacific Healthcare 3D Printing Market - Region Industry Analysis, Growth, Share, Size, Trends, and Forecast
Technology (Electron Beam Melting, Jetting Technology, Stereoliyhography, Laser Sintering, Laminated Object Manufacturing, Deposition Modeling, and Others), Applications (Wearable Devices, Medical Implants, Prosthetics, and Others), Materials (Polymers, Metals & Alloys, and Others)
Japan, Australia, China, India, South Korea, and Rest of Asia Pacific
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
General Electric; 3D Systems Inc.; Materialise N.N.; EnvisionTEC GMBH; Imaginarium; Arcam AB; Autodesk, Inc; Ponoko Ltd.; Optomec, Inc.; and Stratasys Ltd.
Asia Pacific Healthcare 3D Printing Market Segment Insights:
Laser sintering segment is projected to account for a large market share
Based on technology, the Asia Pacific healthcare 3D printing market is divided into electron beam melting, jetting technology, stereoliyhography, laser sintering, laminated object manufacturing, deposition modeling, and others.
The laser sintering segment is expected to constitute a key share of the market during the forecast period owing to its wide usage in various applications such as tooling and manufacturing of fixtures as well as jigs. It helps to create high quality metal parts for manufacturing industry, and to produce complex structure in various industries such as automotive and aerospace.
Medical implants segment is projected to hold a key market share
On the basis of applications, the market is segmented into wearable devices, medical implants, prosthetics, and others. The medical implants segment is expected to represent a key share of the market in the coming years due to high usage of major printers in medical field to produce new tool, which can be used further.
On the other hand, the prosthetics segment is anticipated to expand at a rapid pace during the forecast period owing to high usage of 3D printing in manufacturing customizable prosthetics using variety of materials such as metals, plastics, biological materials, and ceramics.
Polymers segment is projected to constitute a major market share
In terms of materials, the Asia Pacific healthcare 3D printing market is segregated into polymers, metals & alloys, and others. The polymers segment is expected to account for a key share of the market during the forecast period owing to highly used additive manufacturing material for different applications in healthcare sector. Polymers are used to make customized comfortable plasters for patients to ensure healing.
China is expected to dominate the market
On the basis of regions, the Asia Pacific healthcare 3D printing market is categorized as Japan, Australia, China, India, South Korea, and Rest of Asia Pacific. The market of China is anticipated to expand at an impressive CAGR during the forecast period.
The regional market growth can be attributed to rising geriatric population, increasing disposable income, and growing incidences of various health disorders. On the other hand, the market of India is expected to exhibit a rapid growth rate in the coming years due to increasing prevalence of quality treatment procedures and growing R&D activities in healthcare sector.
The Asia Pacific healthcare 3D printing market has been segmented on the basis of
- Electron Beam Melting
- Jetting Technology
- Laser Sintering
- Laminated Object Manufacturing
- Deposition Modeling
- Wearable Devices
- Medical Implants
- Metals & Alloys
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Key players competing in the Asia Pacific healthcare 3D printing market include General Electric; 3D Systems Inc.; Materialise N.N.; EnvisionTEC GMBH; Imaginarium; Arcam AB; Autodesk, Inc; Ponoko Ltd.; Optomec, Inc.; and Stratasys Ltd. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.