Home Industry 3D Printing Healthcare Market to Reach $ 2.3 Billion by 2020

3D Printing Healthcare Market to Reach $ 2.3 Billion by 2020

According to the latest report published by Allied Market Research, the world 3D printing healthcare market will grow at a CAGR of 26.2%, reaching $ 2.3 billion by 2020.

The report forecasts that external wearables devices, including prosthetics, hearing aids or for dental applications, are going to continue lead the 3D printing healthcare market. Medical and surgical centres are major end users of additive manufacturing technology, accounting for a three-fourths share of the total market. The market is mainly driven by several technological breakthroughs along with the growing number of available biocompatible materials to provide patients with customised and personalised medical devices.

Key findings of the study:

  • The 3D healthcare services segment is projected to exhibit the highest CAGR of 26.6% during the forecast period.
  • Polymers are the most preferred materials for 3D printing, as they account for about half of the market revenue in the materials market; whereas, the ceramics segment is projected as the fastest growing segment with a CAGR of 32.1% during the forecast period.
  • The electron beam melting technology segment is projected to grow at the highest CAGR of 29.6% from 2015 to 2020.
  • The medical and surgical centers end user segment accounts for two-thirds of the market and is expected to dominate the market until 2020.
  • The tissue engineering application segment would emerge as the fastest growing segment, registering a CAGR of 31.7% during the forecast period.
  • North America accounted for two-fifths share of the healthcare 3D printing market, whereas the Asia-Pacific is anticipated to be the fastest growing market, registering a CAGR of 29.7% from 2015 to 2020.

You can access the complete report titled “World 3D Printing Healthcare Market – Opportunities and Forecasts, 2014 -2020here.


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