3D Printed Drugs Market is expected to hit $522 million by 2030 from $278 million in 2020, at a CAGR of 6.5% during the forecast period. The report offers a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Dysphagia is more prevalent in geriatric population and children, which results in difficulty while swallowing. 3D printed drugs are gaining popularity, as FDA has passed a priority review voucher system for it. In addition, increase in geriatric population and technological advancement in 3D pointing procedures are expected to contribute towards the growth of the market.
The high demand for instantaneous soluble tablets, increasing prevalence of dysphagia, a surge in usage of 3D printing, and rising adoption of personalized drugs fuel the growth of the global 3D printed drugs. On the other hand, stringent government regulations for 3D printed products curb the growth to some extent. However, growing healthcare infrastructure, an increase in healthcare investment in emerging nations and raising awareness about 3D printing technology are expected to create multiple opportunities in the near future.
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The report segments the market into scenario and region. Based on scenario, the market is categorized into the Low Growth Scenario, Moderate Growth Scenario, and Rapid Growth Scenario. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Europe is expected to contribute to four-sevenths of the total market share in 2020 and is anticipated to retain its dominance throughout the forecast period. This is attributed to the presence of well-established healthcare systems and a surge in the incidence of dysphagia. Moreover, the rise in the acquisition of 3D printed drugs is projected to pave the way for a number of opportunities for the frontrunners in the European market. At the same time, the region across Asia-Pacific is expected to register the fastest growth rate during the estimated period. An increase in healthcare expenditure, surge in awareness related to 3D printing solutions, presence of a large patient pool, and high-end developments in healthcare infrastructure have triggered the adoption of 3D printed drugs in the region.
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Leading market players-
The key players analyzed in the report include GlaxoSmithKline Plc., BV, Hewlett Packard Caribe, Aprecia Pharmaceuticals, FabRx Ltd., LLC, and 3D Printer Drug Machine. These players have incorporated different strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to heighten their stand in the market.
Scope of the Report:
|Market size available for years||2017 – 2030|
|Base year considered||2016|
|Forecast period||2017 – 2030|
|Forecast units||Value (USD)|
|Segments covered||By Spritam, by Scenario, and by Geography|
|Geographies covered||North America, Europe, Asia-Pacific, LAMEA|
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