Europemarket for healthcare 3D printing is expected to reach USD 2.23 billion by 2019, growing at a projected CAGR of 15.60 % during (2017 – 2022).
3D printing in healthcare finds its application in tissue engineering, implants for ear, hip and knee joints and bioprinting the human liver and other organs.
Europe Healthcare 3D Printing Market-Market Dynamics
There are several factors driving and restraining the European market for 3D printing detailed by the report. A few of these are listed below.
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The rapid upsurge in Europehealthcare 3D printing market is because of:
Increasing innovative and advanced technologies
Rapid development of the products at a low cost
Less time to market
Increasing applications of 3D printers in healthcare
High degree of accuracy
Efficient use of raw materials
Reduced (near zero %) labor cost of manufacturing
Some of the factors restraining the market are:
Higher production cost
Expensive 3D printing software
Lack of channel partner assistance
Scarcity of skilled labor
Inability to manufacture huge outputs
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Regulatory bodies facing the challenge to make this technology available while maintaining patient safety standards
Currently, North America holds the major market share, accounting for 35% of the global market share, followed by Europe accounting for 30.6%. Europe is forecasted to be the largest market for healthcare 3D printing by 2020 owing to increased awareness for 3D printing technology, its application in healthcare and increasing innovations and advancements in technology. Looking at applications of 3D printing in healthcare, implants hold the major market share, accounting for 60% of the European healthcare 3D printing market. In raw materials, polymers dominate the market, accounting for 30% of the market, followed by ceramics, which is going to be a lucrative market because of increasing applications in dental surgery and implants. In technology, photo-polymerization dominates the market because of the increased use by companies in manufacturing of bio- models.
Europehealthcare 3D printing market is segmented by type of application (surgeries, implants and bioengineering), technology (electron beam melting market, laser beam melting market, photo-polymerization market, droplet deposition market), raw material (polymers, ceramics, metals and others), and geography (France, UK, Germany, Spain).
Some of the key players in the market are:
3D Systems Corporation (3DS)
Bio3D Technologies Pte Ltd.
What the Report Offers
Market definition for Europehealthcare 3D printing with information on drivers and restraints.
Market analysis involving 3D printing applications, technologies used for manufacturing implants and bioengineering products.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape with profiles of major companies along with their market share.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
We provide you in-depth market segmentation by applications, technology, raw material and geography.
A comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade.
Wide-ranging information provided about the leading market players, major strategies adopted by them and new products launched by them.
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Some points from TOC:
1.1 Report Description
1.2 Research Methodology
- Executive Summary
- Healthcare 3D Printing Market Overview
3.1 Market Size and Growth Prospects
3.2 3D printing Company Market Share Analysis
3.3 Market dynamics
3.3.1 Market Drivers
18.104.22.168 Increasing Innovations in Technologies
22.214.171.124 Rising People's Awareness for Implants
126.96.36.199 Increasing scope of Bioengineering products
188.8.131.52 Increasing 3D Printer Technology
184.108.40.206 Applications in pharmaceutical domain
3.3.2 Market Restraints
220.127.116.11 FDA Rules and Regulations
18.104.22.168 High Cost of 3D Printed Organs and Tissue.
3.3.3 Porter's Five Force Analysis
22.214.171.124 Threat of New Entrants
126.96.36.199 Buyer's Bargaining Power
188.8.131.52 Seller's Bargaining Power
184.108.40.206 Threat of Substituents
220.127.116.11 Competitive Rivalry
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