Healthcare PolyJet Printing Market
Number of pages: 100 | Report Format: PDF | Published date: April 03, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 268 billion |
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Revenue Forecast in 2031 |
US$ 665 billion |
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CAGR |
12% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023-2031 |
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Historical Year |
2021 |
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Segments Covered |
Component, Application, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global healthcare polyjet printing market was valued at US$ 268 billion in 2022 and is expected to register a revenue CAGR of 12% to reach US$ 665 billion by 2031.
Healthcare PolyJet Printing Market Fundamentals
Healthcare polyjet printing is a type of 3D printing technology that uses photopolymerization to create medical models, prototypes, and implants using various materials. This technology involves curing liquid photopolymers with ultraviolet light to create solid objects layer by layer. Healthcare polyjet printing has numerous applications, including the production of anatomical models for surgical planning, customized prosthetics and implants, and drug delivery devices. It has also been used to produce bio-printed tissues and organs for research purposes. This technology allows for the creation of complex geometries and intricate details, leading to improved surgical outcomes and reduced risks of complications.
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Healthcare PolyJet Printing Market Dynamics
The demand for personalized medical devices is increasing due to their benefits, such as improved surgical outcomes, reduced risks of complications, and increased patient satisfaction. Polyjet printing enables the production of patient-specific medical devices tailored to each patient's individual needs. The evolution of polyjet printing technology has paved the way for a broader scope of applications by introducing multi-material printing and high-resolution capabilities. These enhancements have facilitated the production of intricate medical devices with increased precision and efficiency, surpassing previous limitations. The healthcare industry is increasingly adopting 3D printing technology for the production of medical devices, implants, and prosthetics. Polyjet printing is a preferred technology for healthcare applications due to its ability to produce high-resolution and multi-material objects. Additionally, polyjet printing is a cost-effective alternative to traditional manufacturing methods for producing small-batch and customized medical devices.
This technology enables the production of medical devices with reduced lead times and costs, making it an attractive option for healthcare providers. The global healthcare polyjet printing market outlook is positive, with continued growth expected in the coming years. The demand for patient-specific medical devices and the growing adoption of 3D printing technology in healthcare are driving market revenue growth. The key players in the healthcare polyjet printing market are investing heavily in research and development activities to introduce innovative products and gain a competitive edge. Overall, the healthcare polyjet printing market is expected to grow as more healthcare providers adopt 3D printing technology to improve patient outcomes and reduce costs.
North America is currently the largest market for healthcare polyjet printing, followed by Europe and Asia Pacific. The demand for customized implants and prosthetics, along with the increasing use of 3D printing technology in research and development activities, is driving the revenue growth of the healthcare polyjet printing market in these regions.
Key players in the healthcare polyjet printing market invest heavily in research and development activities. These investments aim to improve the quality and efficiency of polyjet printing technology and expand its applications in the healthcare sector. Polyjet printing has emerged as a promising technology for tissue engineering applications. It allows for producing complex 3D structures with high precision and accuracy, making it ideal for creating tissue scaffolds and other printed products. It is also expected to fuel the healthcare polyjet printing market revenue growth. However, the high cost of implementing polyjet printing technology is restricting the growth of the healthcare polyjet printing market. The regulatory framework for medical devices is strict, and ensuring compliance with regulations can be time-consuming and costly, hindering the revenue growth of the healthcare polyjet printing market.
Healthcare PolyJet Printing Market Ecosystem
The global healthcare polyjet printing market is analyzed from four perspectives: component, application, end-user, and region.
Healthcare PolyJet Printing Market by Component
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Based on the component, the global healthcare polyjet printing market is segmented into 3D printers, 3D bioprinters, materials, and software & services.
The software & services segment dominates the healthcare polyjet printing market with the largest revenue share. Polyjet printing technology's success in healthcare applications relies heavily on software solutions, which play a crucial role in controlling printing parameters and ensuring that the final product meets the required specifications. Consequently, there is a high demand for software solutions for polyjet printing, and their availability is integral to the technology's proven success. Additionally, the services segment, comprising training, maintenance, and support services, is pivotal in enabling healthcare providers to seamlessly integrate and adopt the technology, circumventing technical and operational challenges and driving faster, more successful adoption. This segment also plays a critical role in ensuring compliance with regulatory requirements, a significant focus in the healthcare industry. Furthermore, the software and services providers often provide added value to the healthcare industry by offering expertise and support in design and material selection, enhancing the benefits of using polyjet printing technology in healthcare applications beyond the technology itself.
Healthcare PolyJet Printing Market by Application
Based on the application, the global healthcare polyjet printing market is segmented into medical implants, prosthetics, tissue engineering, and other applications.
The prosthetics segment accounts for the prominent revenue share of the healthcare polyjet printing market. Polyjet printing technology allows for producing complex and customized prosthetics with high accuracy and efficiency, which was impossible with traditional manufacturing methods. Polyjet printing technology offers various materials, including biocompatible and flexible materials, making it suitable for various prosthetic applications. The prosthetics segment is at the forefront of innovation in the healthcare industry, focusing on improving patient outcomes and quality of life. Polyjet printing technology has enabled prosthetics manufacturers to develop advanced prosthetics that are more comfortable, durable, and functional, which has positively impacted patient outcomes. The prosthetics segment is an attractive market for polyjet printing technology due to the high demand for customized and personalized prosthetics. Polyjet printing technology offers customized prosthetics with minimal cost and time, making it the technology of choice for this segment.
Healthcare PolyJet Printing Market by End-User
Based on the End-User, the global healthcare polyjet printing market is segmented into hospitals, pharmaceutical and biotechnology companies, and others.
The hospital's segment dominates the global healthcare polyjet printing market with a significant revenue share. Hospitals represent a major user group for polyjet printing technology, which finds various applications such as surgical planning, prosthetics manufacturing, and implant design. By utilizing polyjet printing technology, hospitals can produce medical devices with greater precision and efficiency than traditional manufacturing methods, resulting in improved patient outcomes and reduced healthcare costs. Hospitals constantly seek to enhance patient care quality while managing expenses. Polyjet printing technology offers a cost-effective option for producing customized medical devices promptly, making it an attractive solution for hospitals seeking to improve patient outcomes while containing costs.
Moreover, hospitals operate within a strict regulatory framework, especially concerning medical devices, and polyjet printing technology has been designed to comply with these requirements, ensuring that the medical devices produced meet safety and efficacy standards. Hospitals are usually early adopters of medical innovations, and polyjet printing technology provides a platform for them to stay ahead of the curve by offering the latest advancements in medical device manufacturing. Due to their diverse medical device needs, hospitals represent a substantial market for polyjet printing technology, which can produce various medical devices, including surgical guides, implants, prosthetics, and orthotics, providing a cost-efficient and effective solution for hospitals' medical device requirements.
Healthcare PolyJet Printing Market by Region
Based on region, the global healthcare polyjet printing market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominates the global healthcare polyjet printing market, with the largest revenue share in 2022. The region has a mature and well-established healthcare system strongly emphasizes technological advancements and innovation. As a result, there is a high demand for cutting-edge medical devices, including those manufactured using polyjet printing technology. North America is home to some of the world's leading medical device manufacturers, who have invested significantly in polyjet printing technology to improve the efficiency and quality of their products. This has created a strong ecosystem of innovation and expertise in the region, further driving the adoption of the technology.
The demand for polyjet printing technology in North America is growing due to the high need for medical devices, such as prosthetics and implants, that can be customized and produced quickly using this technology. North America has a favorable regulatory environment for medical devices, with clear guidelines and standards that ensure the safety and effectiveness of polyjet printing technology products. This has given healthcare providers and manufacturers in the region the confidence to invest in and adopt the technology, further driving its dominance in the market.
Competitive Landscape of Healthcare PolyJet Printing Market
The prominent players operating in the global healthcare polyjet printing market are:
Strategic Developments in Healthcare PolyJet Printing Market
The expected size of the global healthcare polyjet printing market in 2031 is valued to be US$ 665 million.
The key companies operating in the global healthcare polyjet printing market are Stratasys Ltd., 3D Systems Corporation, Materialise N.V., Nanoscribe GmbH & Co. K.G., and Renishaw plc.
In 2022 the global healthcare polyjet printing market was valued at US$ 268 million.
The software & services segment dominates the global healthcare polyjet printing market.
Based on region, North America accounts for the largest market revenue share, followed by Europe; and Asia Pacific is the fastest-growing regional market for healthcare polyjet printing.
*Insights on financial performance are subject to the availability of information in the public domain