• Popular
    • Medicine
    • Radiology
    • Cardiology
    • Surgery
    • Nanomedicine
    • Military Medicine
    • Rehab
  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS
  • Submit PR
  • Log in
Medgadget
Medgadget
  • Popular
    • Medicine
      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Medgadget Visits Healthcareᐩ Expo Taiwan

      Medgadget Visits Healthcareᐩ Expo Taiwan

      Camera Measures Blood Pressure with Quick Look

      Camera Measures Blood Pressure with Quick Look

    • Radiology
      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Fluorescence Imaging System Illuminates Tumor Depth

      Fluorescence Imaging System Illuminates Tumor Depth

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

      Mining Ultrasound Data to Improve Liver Diagnostics: Interview with Beth Rogozinski, CEO at Oncoustics

      Mining Ultrasound Data to Improve Liver Diagnostics: Interview with Beth Rogozinski, CEO at Oncoustics

    • Cardiology
      Belt Monitors Heart Failure Patients

      Belt Monitors Heart Failure Patients

      Camera Measures Blood Pressure with Quick Look

      Camera Measures Blood Pressure with Quick Look

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

    • Surgery
      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Electrospun Construct Mimics Elasticity of Blood Vessels

      Electrospun Construct Mimics Elasticity of Blood Vessels

    • Nanomedicine
      Extra Hot Nanoparticles for Cancer Therapy

      Extra Hot Nanoparticles for Cancer Therapy

      Making Tumors Tastier for the Immune System

      Making Tumors Tastier for the Immune System

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Magnetic Bacteria Target Tumors

      Magnetic Bacteria Target Tumors

    • Military Medicine
      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fabric Makes Electricity from Movement to Power Wearables

      Fabric Makes Electricity from Movement to Power Wearables

      Wearable Uses Microneedles to Track Metabolism

      Wearable Uses Microneedles to Track Metabolism

    • Rehab
      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Implanted Magnets for Prosthetic Control

      Implanted Magnets for Prosthetic Control

      FDA-Approved At-Home Spirometer: Interview with Charvi Shetty, Co-Founder and CEO at Aluna

      FDA-Approved At-Home Spirometer: Interview with Charvi Shetty, Co-Founder and CEO at Aluna

  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Log in
  • Submit PR
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS

3D Printed Drugs Market Outlook, Trends, Growth Opportunities, Challenges Analysis | Industry Size Share Growth Drivers 2022-2029

April 12th, 2022 DataM Intelligence Releases

3D Printed Drugs Market Outlook:

According to the research report published by DataM Intelligence, the global 3D Printed Drugs market size was worth USD 294.6 million in 2021 and is estimated to reach USD 558.0 million by 2029, growing at a CAGR of 7.9% during the forecast period 2022-2029.

3D printed drugs are drugs manufactured by solidifying layers of materials to form a definite 3D structure. The adaptability of 3D printing is also applied for the precise and unique dosing of medicines, to present more efficient drug administration. 3D printing is expected to be an efficient method to enhance the application of several controlled drug release mechanisms, during the forecast period.

New players are also entering the market with advanced technology to meet the rising demand, which creates several opportunities in the market over the forecast period. For instance, FabRX, a biotech start-up that specializes in 3D printing medicines, is providing personalized medicines and drug-loaded medical devices through their patented technologies.

3D Printed Drugs Market Growth:

The growing advancements in 3D printing technology is one of the major factor driving the growth of the 3Dprinted drugs market. For instance, in December 2017, Aprecia and Cycle Pharmaceuticals from Cambridge in the UK announced a partnership to develop and commercialize 3D printed tablets for orphan (rare) diseases using the ZipDose technology.

In 2015, the Howard Hughes Medical Institute developed a molecular 3D printer for formulating new drugs by synthesizing blocks of small molecules from the basic chemical pattern.

In addition, the rising investments to increase the research activities for the development of highly efficient 3D printed drugs are expected to boost the growth of the market during the forecast period.

Download Sample Report with Table of Contents @ https://www.datamintelligence.com/download-sample/3d-printed-drugs-market

Market Restraints:

Despite many potential advantages of 3D printing, expectations are often inflated by the media and even researchers. This promotes unrealistic projections, especially regarding how soon some of the more exciting possibilities—such as organ printing—will become a reality.

In a country like India, 3D printing will need vision, money, and time for the technology to evolve into the anticipated applications. While it is certain that the biomedical sector will be one of the most fertile fields for 3D printing innovations, it is important to appreciate what has already been achieved in another part of the world.

The approval from regulatory authorities is another significant barrier that may impede the market of 3D-printed drugs.

Fulfilling more demanding FDA regulatory requirements could be a hurdle that may impede the availability of 3D-printed drugs on a large scale.

Market Opportunities:

3D printing plays an important role in the trend toward personalized medicine, through its use in customizing nutritional products, organs, and drugs. This would cause existing drug manufacturing and distribution methods to change drastically and become more cost-effective.

An appropriate understanding of the human models of diseases and pharmacodynamics of 3D printed drugs can help deal with the probable side effects of 3D printed drugs and provide us a better choice over traditional drugs.

Proper and controlled use of science and technology can help us achieve all the pros of this 3D printing technology, especially in medical sciences.

Although we can consider that we are still at the early stages of the development of 3D printed drugs, and the official arrival of personalized medicine, we cannot deny that this sector is growing. The companies interviewed agree that we will see changes in our drug consumption within the next decade if the sector continues to grow as it has in the past two years.

Market Segmentation:

The global market is divided into Drug Type, Technology, and End-user.

By Drug Type:

  • Spritam
  • Others

By Technology:

  • Inkjet Printing
  • Fused deposition modelling
  • Stereolithography
  • Others

By End-User

  • Hospitals
  • Clinics
  • Research Laboratories
  • Others

Impact of COVID-19 on the 3D Printed Drugs Industry

The COVID-19 pandemic has caused a dramatic mismatch of supply and demand that manufacturers are struggling to forecast. On the supply side, manufacturing and supply chain processes in hubs such as China, India, and the United States are being disrupted due to global lockdowns.

On the demand side, conflated factors make demand difficult to predict. On one hand, patients delay seeking treatment, particularly for less convenient administration methods such as infusions, which can lead to lower patient volume and overall demand.

On the other hand, stockpiling and demand for subcutaneous or oral formulations may cause a spike in demand for certain products despite decreasing patient volume.

Although all manufacturers are working to mitigate the risk of supply shortages, biosimilar manufacturers that rely on facilities in Europe and Asia may be particularly at risk on the supply side.

Geographical Classification and Regional Insights

The market is divided into major five regions such as North America, Europe, Asia Pacific, Latin America, the Middle East and Africa, and the Rest of the world.

North America 3D Printed Drugs Market

North America has the largest share in the global 3D printed drugs market. The US is the one and only country that has approved the first 3D drug called Spritam (levetiracetam) in the country. It is the first 3D-printed drug to receive approval from the U.S. Food and Drug Administration (FDA) and is now being shipped to pharmacies.

The surge in demand for instantaneous soluble drugs that can disperse easily in the mouth is the major factor that drives the growth of the market in the country. Additionally, many state-of-the-art universities is collaborating with 3D drugs manufacturing companies for the research and development of new pharmaceuticals.

Europe 3D Printed Drugs Market

Europe is a developing market for 3D printed drugs and is expected to account for the second-largest market over the forecast period. Primarily, many German pharmaceutical companies are conducting research and development to manufacturing 3D printed drugs. For instance, a Germany-based Company, 3D Printer Drug Machine, is planning to do so with the creation of a 3D drug printer, and special custom drug delivery polymer filaments.

Many European companies are involved in agreements and collaborations with the US pharmaceutical company Aprecia pharmaceuticals for the development of 3D pharmaceuticals.

Asia Pacific 3D Printed Drugs Market

The Asia Pacific is expected to grow at a high growth rate in the coming years. The growth of the market is due to the increasing research activities, rising prevalence of various diseases such as epilepsy, and growing government initiatives are the major factors that are driving the growth of the market in the region.

For instance, according to WHO, epilepsy affects about 1% of the population of the South-East Asia Region. Approximately 15 million people with epilepsy are only in South-East Asia. These factor has boosted the development of 3D-printed pharmaceutical for the cure of the disease.

Chinese pharmaceutical companies are constantly working on the development of 3D pharmaceuticals. Also, these companies are supported by the government of China.

The Middle East and Africa 3D Printed Drugs Market

Middle East & Africa is considered to provide lucrative opportunities in the forecast period. The increasing prevalence of epilepsy in the region is driving the growth of the market in the forecast period. Currently, there is no any drugs manufacturer in the region, however, there are certain companies such as Dr. Reddy’s, Cipla, and others that are supplying Spritam in the region.

Competitive Analysis

The market for 3D printed pharmaceuticals is growing with major players such as Aprecia Pharmaceuticals, FabRx Ltd., E. Merck KG, and comprising of the major markets players. However, the introduction of Spritam has created lucrative opportunities for the Aprecia Pharmaceuticals, presently it has a monopoly in the market.

Companies are undergoing collaborations and partnerships to develop new products. For instance, in February 2021, GlaxoSmithKline has also shown interest in 3D printing of drugs, partnering with the University of Nottingham on a study that used nozzle printing and ultraviolet curing to produce 3D printed ropinirole tablets to treat Parkinson’s disease.

The key market players are adopting various strategies such as mergers and acquisitions, product approvals, and agreements to increase product reach and strengthen their product portfolios, in order to enter or expand their business offerings and competitiveness in the 3D printed drugs market.

Major Companies:

The market for 3D printed pharmaceuticals is growing with major players such as Aprecia Pharmaceuticals, FabRx Ltd., E. Merck KG, and comprising of the major markets players.

Why Purchase the Report?

  • Visualize the composition of the 3D printed drugs market segmentation by drug, technology, and end-user highlighting the key commercial assets and players.
  • Identify commercial opportunities in the 3D printed drugs market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of 3D printed drugs market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

About Us:

DataM Intelligence was established on an elemental idea of publishing Advanced Market Research Reports with precise data points & utmost accuracy that will accelerate the decision-making in designing disruptive solutions.

Media Contact:

Name: Sai Kiran
Company: DataM Intelligence
Contact No: +1 8774414866
Email us: info@datamintelligence.com

Related Reports:

IVF Devices and Consumables Market

ENT Devices Market

Beauty Drinks Market

Sign up and submit a press release

Sponsored
New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

Fluidx Unveils New Embolic for Neurovascular Use

Fluidx Unveils New Embolic for Neurovascular Use

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

PT Genie Unveils New Brand Identity Reflecting Company’s Transformation and Focus on the Global Future of AI and Machine Learning in Digital Healthcare

Clarius Marketplace Unlocks the Power of AI Innovation for Ultrasound Imaging

Clarius Marketplace Unlocks the Power of AI Innovation for Ultrasound Imaging

interviews & reviews
Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

  • Subscribe
  • Contact us
  • Submit
  • About
  • Back to top
Medgadget

Medical technologies transform the world! Join us and see the progress in real time. At Medgadget, we report the latest technology news, interview leaders in the field, and file dispatches from medical events around the world since 2004.

  • About
  • Editorial policies
  • Contact
  • Terms of Service
  • Privacy
  • Submit press release
  • Advertise
© Medgadget, Inc. All rights reserved. | The Medical Revolution Will Be Blogged.
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content! Thank you!
Posting....
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Email