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3D printing technology produces and manufactures customizes medical equipment, medical devices, prosthetics and products. The global 3D printing market in healthcare is growing at significant rate, due to mounting need for implants. Different types contributed to the 3D printing market in healthcare size. The market has witnessed high demand for surgical guides over the last few years due to mounting usage of the digitally focused process for precise surgical preparation.
Direct digital production, expiry of key patents, mounting number of patients with dental problems and hearing loss, mounting healthcare expenditure, expanding geriatric population and mounting need for organ transplant are also facilitating the growth for the 3D printing market in healthcare.
Socio-ethical concerns related to the usage of 3D-printed products, strict regulatory procedure for the approval of the 3D printed medical devices, high cost associated with the advanced 3D printers, patent issues related to 3D printing and lack of trained professionals are the major challenges for the growth of 3D printing market in healthcare.
Globally, the manufacturing companies trying to enter the 3D printing market in healthcare are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.
Asia-Pacific is observed to witness fastest growth in the market, due to mounting adoption of 3D printing medical devices. In addition, establishment of novel 3D printing research, education and training centers, expanding geriatric population, improving healthcare infrastructure, mounting number of patients with dental problems and hearing loss, large population base and mounting healthcare expenditure are also creating a positive impact on the 3D printing market in healthcare growth in the region.
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Key players in the 3D printing market in healthcare are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In June 2018, 3D Systems introduced DMP Flex 100 and DMP Dental 100 3D printers, to provide versatility and material for entrance level metal 3D printing and dental applications.
In addition, in February 2018, EnvisionTEC launched 3D printing orthodontic models to create clear thermoformed aligners. Stratasys Ltd., Renishaw plc, Concept Laser GmbH, EnvisionTEC GmbH, 3T RPD Ltd, Materialise NV, 3D Systems Corporation, Arcam AB, Prodways Group and EOS GmbH Electro Optical Systems are the key players offering 3D printing in healthcare.
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