The rapidly advancing medical setup and facilities, coupled with the rising demand for customized medical products stands as a key factor boosting the global healthcare additive manufacturing market during the forecast period, 2020 to 2030. Added substance fabricating is viewed as the following modern upset in assembling, with high potential to give savvy techniques to accomplish complex and tweaked clinical parts and segments, such as tissues, organs, muscular and cranial inserts, dental prosthetics, and others. Popularity and neglected requirements recognized in the medical services area because of an ascent in the quantity of medical procedures and expanding commonness of persistent problems are foreseen to help development over the figure time frame.
The global healthcare additive manufacturing market is classified on the basis of technology, application, material, and region. In terms of technology, the market is categorized into laminated object manufacturing, jetting technology, laser technology, electron beam melting, deposition modeling, stereolithography, and others. Based on application, the market is classified into tissue engineering, wearable devices, prosthetics, medical implants, and others. With respect to segmentation by material, the market for healthcare additive manufacturing is grouped into biological cells, polymers, metals & alloys, and others. Among these, the metals and alloys section holds dominance.
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The report offers insights into the market emphasizing on factors such as drivers, restraints, challenges, and upcoming opportunities. It also throws light on the impact of the novel coronavirus on the market and what strategies can be adopted by players to generate notable revenues in the forecast period despite the worldwide pandemic mode. The report further describes the table of segmentation in details and lists the names of segment holding the largest share with its attributed factors.
Global Healthcare Additive Manufacturing Market: Nature of Competition
Nature wise, the global healthcare additive manufacturing market is highly competitive on account of the presence of multiple players. Some of the common strategies adopted by players to gain an upper hand in the overall market competition include merger and acquisition, product portfolio, and joint ventures. Additionally, the entry of new vendors into the market will further intensify the overall market competition.
Some prominent players of the global healthcare additive manufacturing market include;
- GPI Prototype and Manufacturing Services
- Nanoscribe GmbH, LLC
- GE Additive
- Materialise N.V.
- EOS GmbH
- Allevi, Inc.
- RegenHU, Stratasys Ltd.
- 3D Systems, Inc.
Global Healthcare Additive Manufacturing Market: Trends and Opportunities
Key factors promoting the growth of the market is the expanding need for modified clinical items, such as inserts. This, coupled with the increasing awareness about the latest cutting edge innovations with produce straightforward just as intricate plans. Additive Manufacturing (AM) permits the assembling of more perplexing plans that are excessively troublesome or costly to make utilizing customary apparatus, processing, forms, and kicks the bucket. It likewise dominates at fast prototyping. It offers a more unique and configuration driven cycle. Added substance fabricating is ideal for making models rapidly utilizing 3D CAD and wipes out the extensive cycle and significant expenses related with the equivalent.
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Global Healthcare Additive Manufacturing Market: Geographical Insights
Currently, North America is holding the dominant position in the global market for healthcare additive manufacturing on account of the presence of a well-established healthcare infrastructure. Besides this, the rise in government support and introduction of public welfare schemes such as medical insurance will also help this region continue to hold a prominent position for the market in the years to come. On the other side, the introduction of innovative medical technologies and increasing popularity of minimally invasive surgeries and robotic surgeries in the emerging economies is likely to help the Asia Pacific region generate notable revenues in the forecast period.
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