According to a report published by Research and Markets, the 3D printing market in healthcare applications is expected to grow to $ 3.89 billion in revenue by 2022. This represents a CAGR of 21,95% between 2016 and 2022.
Among the applications analysed in the report are prosthetics, bioprinting, dental, medical implants, and hearing and audibility aid as well as others. Prosthetics and bioprinting account for the fastest growing applications, while medical and dental implants have the largest share in the market in terms of both value and volume.
Materials used in healthcare 3D printing applications are forecasted to grow to $ 1.10 billion by 2022 (CAGR of 28.7%). The growth of this market is mostly driven by metal and metal alloys, polymers and ceramics.
The report also analyses the healthcare 3D printing market by different geographical regions. North America has the highest share in terms of revenue and volume of 3D printers in healthcare industry, whereas the Asia-Pacific region is expected to show the fastest growth rate by 2022, followed by Europe.
Leading brands in the 3D printing industry are strategically focusing on the healthcare industry by increased number of launches, mergers and acquisitions, collaborations, and expansions. Following major 3D printing companies are profiled in the report: 3D Systems, Arcam AB, Renishaw PLC., EoS GmBH, EnvisionTec, Stratasys, Luxexcel, Organovo, and Voxeljet, along with other companies involved such as GE Healthcare, Siemens Healthcare, Stryker, Bego Medical, Hitachi Medical, Philips Healthcare, Trumpf, Optomec, and 3T RPD.