The global 3D Printing in Healthcare Market is estimated to be valued at US$ 2.21 Bn in 2023 and is expected to exhibit a CAGR of 19% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
3D printing, also known as additive manufacturing, refers to processes used to create a three-dimensional object in which successive layers of material are formed under computer control to create an object. In healthcare, 3D printing is revolutionizing how surgical guides and customized prosthetics are created and used.
The 3D printing in healthcare market involves the production of specialized medical devices, implants, and prosthetics using 3D printing technology. 3D printing enables customized production of medical products based on patient-specific need and anatomy. This improves the treatment outcomes for patients.
The Global 3D Printing in Healthcare Market Share is expected to witness high growth, exhibiting CAGR of 19% over the forecast period, due to increasing demand for personalized medical technologies. North America dominates the market currently due to supportive policies and access to advanced technologies. Revenue from 3D printing in healthcare in North America is projected to reach US$ 1.28 Bn by 2030.
One of the major trends driving the growth of 3D printing in healthcare market is the increasing demand for personalized medical devices. 3D printing helps in developing customized implants, prosthetics and surgical aids based on individual patient's medical condition and anatomy. This improves the fit and comfort for patients as well as treatment outcomes. Using patient-specific CT and MRI scans, 3D printing enables precise replication of complex internal and external anatomical structures. As a result, 3D printed medical products provide better treatment solution compared to traditional standard-sized devices. The trend of personalized healthcare is increasing globally and fuelling the adoption of 3D printing technology.
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