Healthcare 3D Printing Market to See 20% CAGR Growth to 2024: Growth Factor & Trends

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MarketStudyReport.com adds a new Healthcare 3D Printing Market research report for the period of 2017-2024 that focuses on the major drivers and restraints for the Global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The report spread across 150 pages with tables and figures in it.

Increasing number of surgeries and rising demand for personalized medical care will drive global Healthcare 3D Printing Market size. Growing adoption of 3D printing technologies among medical fraternity will reduce the risk as well as cost associated with the complicated surgical procedures.

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Healthcare 3D Printing Market size is set to exceed USD 2.2 billion by 2024; according to a new research report.

Rising R&D investments and technological innovation in 3D printers will accelerate the industry growth. Spurring 3D printers demand among the equipment manufacturers will further drive business growth over the forecast years.

Inkjet based 3D printers will witness significant growth over the forecast years. Increasing application in tissue engineering and regenerative medicines will boost the business share. Moreover, improved digital accuracy, control and adaptability of these devices will propel industry demand over coming years.

Stereolithography (SLA) should witness lucrative growth opportunities owing to its varied application in medical technology.  The ability of SLA to build rapid prototypes, master patterns and production parts will stimulate the industry growth. Selective laser sintering will provide rapid manufacturing in healthcare, medical products and consumer good and offers additional scope for innovation and patent filings.

Medical application is the major revenue generating segment and estimated to witness over 20% CAGR owing to the 3D printing of organs like liver and kidney, printing blood vessels & heart tissue, skin and cartilage & bone.

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U.S. healthcare 3D printing market was valued over USD 170 million in 2016 and is forecast to grow significantly during the forecast period due to the presence of major 3D printing industry players and enormous success witnessed by medical implants businesses.

UK healthcare 3D printing market will grow at over 20% CAGR by 2024 owing to the increasing awareness through conference and discussion on effective solutions for the medical field. Growing R&D focus on advances in 3D printing devices should further stimulate business growth.

Asia Pacific will experience significant growth due to rapid growth in medical applications, increased R&D investments and technological advances for the production of precision devices and prosthetics.

Some of the companies operating in healthcare 3D printing market include Organovo Holding, Stratasys, 3D Systems, Reninshaw, Aspect Biosystems, Bio3D Technologies, Cyfuse Biomedical, 3Dynamics Systems, Envision TEC and Materialise. The industry players are engaged in strategic mergers and acquisitions, collaborations coupled with new product launch and innovation to gain competitive market share.

Related Reports: –

Global Healthcare 3D Printing Market Research Report 2017

In this report, the global Healthcare 3D Printing market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022….

https://www.marketstudyreport.com/reports/global-healthcare-3d-printing-market-research-report-2017/?utm_source=RR-SK

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