According to the Graphical Research new growth forecast report titled Asia Pacific Healthcare 3D Printing Market By Product (Syringe Based, Magnetic Levitation, Laser Based, Inkjet Based), By Technology (Fused Deposition Modeling {FDM}, Selective Laser Sintering {SLS}, Stereolithography {SLA}), By Application (Biosensors, Medical {Pharmaceutical, Prosthetics and Implants, Tissue and Organ Generation}, Dental), Industry Analysis Report, Country Outlook (Japan, China, India, Australia, South Korea, Malaysia, Indonesia, Thailand, Singapore, Taiwan, Philippines, Vietnam), Estimated To Exceed USD 340 Million By 2024.
Asia Pacific healthcare 3D printing market is primarily driven by increasing demand for customized implants in the region. Surge in the number of trauma and accident cases will increase the demand for standard as well as complicated customized prosthetic limbs and medical implants. Wide adoption of 3D printing technology in various medical and healthcare applications will drive the regional healthcare 3D printing business growth over the forecast timeline.
Moreover, focus of industry players on developing innovative and advanced 3D printing technologies will serve to be another positive impact rendering factor on Asia Pacific healthcare 3D printing market. Availability of technologically advanced products will further accelerate the 3D printing business growth. However, high price associated with 3D printing software may negatively impact Asia Pacific healthcare 3D printing industry growth over the coming years.
Laser based segment held around 18% revenue share in 2017 and is projected to grow significantly over the forecast period. Laser printers speed up the process of DNA printing and facilitate affordable and effective formulation of medicines. Thus, increasing usage of laser based printers in DNA synthesis will further spur the market size.
Selective laser sintering segment accounted for significant revenue in 2017 and will witness more than 21% CAGR over the analysis period. Selective laser sintering technology can fuse with ceramic, metal, glass and plastic particles to create 3 dimensional objects without the requirement of support structures will increase its adoption during the forthcoming years.
Dental segment accounted for more than USD 25 million in 2017 and is anticipated to show lucrative growth over the analysis period. Application of 3D printing in dentistry including craniomaxillofacial, fabrication of copings, orthopaedic implants, models for prosthodontics, surgery and dental restoration will offer several growth opportunities.
China healthcare 3D printing market held substantial revenue of around USD 15 million in 2017 and is estimated to witness robust growth during the forecast period. Large patient population in the region, various reforms in the healthcare industry as well as advancement in 3D printing technology will drive China 3D printing industry growth over the analysis period.
Some of the notable industry players operating in Asia Pacific healthcare 3D printing market include Altem Technologies, Aspect Biosystems, Materialise, Bio 3D Technologies, Zortrax, BioBots, Renishaw, Stratasys, Envision, 3D Bioprinting Solutions and Zenith Tecnica. Companies are majorly focusing on novel product launches and various inorganic strategies such as collaborations and acquisitions to broaden existing customer base and strengthen their market position. For instance, in September 2018, Zortrax launched Inkspire, a 3D resin printer that uses Liquid Crystal Display (LCD) technology. The new product launch aimed at developing a highly precise 3D printing platform with good mechanical properties and compatible with most resins in the market. Availability of such products will further upsurge the business growth.
Asia Pacific healthcare 3D printing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Asia Pacific Healthcare 3D Printing Market Share, By Product, 2013-2024
- Syringe based
- Magnetic levitation
- Laser based
- Inkjet based
Asia Pacific Healthcare 3D Printing Market Size, By Technology, 2013-2024
- Fused deposition modeling (FDM)
- Selective laser sintering (SLS)
- Stereolithography
- Others
Asia Pacific Healthcare 3D Printing Market Value, By Application, 2013-2024
- Biosensors
- Medical
- Pharmaceuticals
- Prosthetics and implants
- Tissue and organ generation
- Dental
Source : graphicalresearch.com/industry-insights
