3D Printing in Healthcare Market Size, Share, Future Trend, Revenue, Value and Volume, Growth Analysis And New Opportunity to Hit Latest Growth Level 2021-2030

In a recent published report, Kenneth Research has updated the market report for 3D Printing in Healthcare Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 3D Printing in Healthcare Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

The  3D Printing in Healthcare Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global 3D Printing in Healthcare Market was valued at USD 822 Million in the year 2017. Global 3D Printing in Healthcare Market is further estimated to grow at a CAGR of 20% from 2019 to reach USD 3469 Million by the year 2025. The North America region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

Major market players in 3D Printing in Healthcare Market are 3D Systems Corp., Stratasys Ltd., SLM Solutions Group AG, EnvisionTEC, Arcam AB, Organovo Holdings Inc., Oxford Performance Materials Inc., Materialise NV, Bio3D Technologies, Cyfuse Medical K.K., and brief overview of 9 companies is also provided in the report. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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SWOT analysis of 3D Printing in Healthcare Market:
Strength:

Rapidly expanding a customer base
Increasing scope of biomedical applications
Weakness:
High cost
Opportunities:

Advancement in technology
Funding through R&D

Kenneth Research has published a detailed report on 3D Printing in Healthcare Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.

The  3D Printing in Healthcare Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.

Global 3D Printing in Healthcare Market was valued at USD 822 Million in the year 2017. Global 3D Printing in Healthcare Market is further estimated to grow at a CAGR of 20% from 2019 to reach USD 3469 Million by the year 2025. The North America region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

Major market players in 3D Printing in Healthcare Market are 3D Systems Corp., Stratasys Ltd., SLM Solutions Group AG, EnvisionTEC, Arcam AB, Organovo Holdings Inc., Oxford Performance Materials Inc., Materialise NV, Bio3D Technologies, Cyfuse Medical K.K., and brief overview of 9 companies is also provided in the report. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

SWOT analysis of 3D Printing in Healthcare Market:
Strength:

Rapidly expanding a customer base
Increasing scope of biomedical applications
Weakness:
High cost
Opportunities:
Advancement in technology
Funding through R&D
Threats:

Absence of structured regulatory procedure
Unfavorable reimbursement policies

The Global 3D Printing in Healthcare Market is segmented as By Component, Technology, Application, End User, and Region. The Component segment is divided into system, materials, and services in which the system segment contributes to the highest Market share owing to increasing adoption by various end users and several technological advancements.
The Technology segment is divided as droplet deposition, photopolymerization, laser beam melting, electron beam melting, laminated object manufacturing and others in which the droplet deposition segment holds the highest share in the Market owing to its widespread use in healthcare applications, high heat, and chemical endurance.

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3D Printing in Healthcare Market Segmentation:
By Technology
*Droplet Deposition
*Photopolymerization
*Laser Beam Melting
*Electron Beam Melting
*Laminated Object Manufacturing
*Others

By Component
*System
*Material
*Services

By End User

*Medical and surgical Centers
*Pharma and Biotech Companies
*Academic Institutions

By Application
*External wearable device
*Clinical study devices
*Implants
*Tissue engineering

By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

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Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
*6-month post sales analyst support

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