The healthcare 3D printing market, valued at USD 1.2 billion in 2022, is projected to soar to USD 6.25 billion by 2032 with a growth of 18%. This isn't merely a trend; it's a pivotal shift offering vast cost-saving opportunities and forward-thinking solutions that could place your clinic at the heart of medical innovation.
Given the growing predominance of 3D printing in healthcare, it is important to observe the leading trends to see how our healthcare market is shifting.
By component type, the system segment generated 51% revenue share in 2022. However, the materials segment is registering growth at a CAGR of 21.3% over the forecast period. As the user base of systems gets established, ongoing material purchasing will grow in importance. By technology type, the droplet deposition segment led with a 29% revenue share in 2022.
By application, the external wearable devices segment accounted for 38.7% market share in 2022. By end user, the medical & surgical centers segment exhibited a revenue share of around 45% in 2022. In addition, the academic institutions segment is anticipated to grow at a CAGR of 21.6% between 2023 to 2032.
By region, North America garnered the highest revenue share 43% in 2022, and is anticipated to grow at a CAGR of 19.5% from 2023 to 2032. Asia-Pacific is expected to grow at a CAGR of 21.8% over the forecast period 2023 to 2032.
Making same-day devices (we would say even same-appointment) while the patient is in the office is becoming a much more achievable goal for the future of medical 3D printing. Additive manufacturing on demand is a great cost-saving approach in terms of time and materials. The end products still qualify for insurance reimbursement. Most importantly, the customization inherent in 3D printing provides a better product to the patient and an overall healthier outcome.
Xo Armor Technologies assists business owners in meeting their responsibilities with trusted technology and the continuous support we provide. When you are in need of an immediate solution, we’ve got you covered! Braces, splints, collars, shin guards, and pads can all be 3D printed directly at your facility. Our mission is to help clinics like yours to innovate and profit by offering personalized 3D printing solutions for creating customized devices for your patients.
As we move into 2024, clinics should take full advantage of the power of 3D printing technology. Incorporating a 3D printing solution leads to efficient use of time, improved margins, superior marketing and better overall customer satisfaction.