Increased Cost Efficiency Coupled with Technological Advancement to Drive the 3D Printing in Healthcare Market in the North American Region : Ken Research

According to study, “North America 3D Printing in Healthcare Market (2018-2023)” some of the major companies that are currently working in the North America 3D printing in healthcare market are Stratasys Ltd., Renishaw, 3D Systems, Formlabs, Organovo.

The 3D printing is a method of making a substantial object from a three dimensional digital model, which is done by layering down several thin coatings of a material in sequence. ZipDose is a best example of 3D printer in healthcare industry, which creates pills by printing out thin coatings of drug in powder form, with coating of a water based binder spread among each of the powder layers. The major methods or the process used are rapid prototyping (RP), additive manufacturing (AM) and solid free-form fabrication (SFF).

The 3D printing includes the components like frame, idle gear, bed leveling, belts, heater cartridge, nozzle, SD card slot, extruder, print bed, power supply, heater cartridge, user interface, stepper motors, lead screws or threaded rods, motherboard and hobbed gear etc.

The 3D printing healthcare market is classified into material jetting, stereo lithography (SLA), thermal inkjet printing (TIJ), binder jetting (BJ), selective laser sintering (SLS) and fused deposition modeling (FDM). Some materials are included in this process such as metals, donor cells, ceramics, plastics or polymers, bone cement and photopolymers etc. Metals include aluminum, titanium and stainless steel. Ceramics include silica, glass and porcelain. In addition, Acrylonitrile Butadiene Styrene (ABS), nylon and polylactic acid (PLA) are the plastics or polymers.

Based on the technology, the 3D printing in healthcare market is segmented into droplet deposition, wax deposition modeling, electron beam melting (EBM), laser beam melting (LBM), laminated object manufacturing, bio printing and photo polymerization. Some of the major applications of the market are include surgical instruments, laboratory & manufacturing tools, hearing aids, tissue engineering, prosthetics, dental, medical components and drug screening. Some implants such as bone plates, spinal rods, prosthetic implants, cranial implants and orthopedic implants are surgical instruments. Some prosthetics are lower limb or extremity componentry, finger splints, shank & connectors and hip disarticulation etc. In addition, the orthodontics, implants (endosteal& sub-periosteal implants), dentures and prosthodontics are the dental 3D printing applications.

Some of the key advantages of the market are increased cost efficiency, democratization & collaboration, customization & personalization and enhanced productivity etc. Apart from advantages, some of the major disadvantages include slow procedure, expensiveness, insufficient strength and misuse of technology or expertise. Moreover, the lack of raw material, high cost of manufacturing and lack of awareness also adds to the problems.

The National Additive Manufacturing Innovation Institute (NAMII) is an additive manufacturing institute in the U.S., which provides innovation infrastructure for supporting new additive manufacturing products and technologies of 3D printing. This institute includes many non-profit organizations such as National Digital Engineering and Manufacturing Consortium and Association for Manufacturing Technology and many others.

The market of 3D printing in healthcare industry is mainly driven by increasing disposable income, increasing scope of bioengineering products, rising demand for patient-centric products in orthopedics & maxillofacial surgery, increasing dental laboratories & hearing aid manufacturers and the reduction in the costs of 3D models and the availability of a range of material options such as nylon, polymers, etc are growing appreciably which led to the growth of the market.

North America holds the largest market share in the world due to widespread adoption of the 3D printing technology, several collaborations between academic and commercial organizations, increasing research and development investments and increasing various technological advancements. It is expected that 3D printing in healthcare market will be reached at USD 0.7 billion by 2023.

To know more, click on the link below:

https://www.kenresearch.com/healthcare/general-healthcare/north-america-3d/172332-91.html

Related Reports :

https://www.kenresearch.com/asia-pacific-3d-172328.html

https://www.kenresearch.com/europe-3d-printing-172329.html

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

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