To Enquire About the Report Click HereIndustryARCGlobal 3D Printing in Healthcare Market (2014-2020) Role and Opportunities: By Technology (LBM, EBM, Stereolithography and others); By Material (Metal, Cells and others); By Application (Implants, Tissue Engineering and others) & By Geography
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LIST OF FIGURESFigure1 Global 3D Printing in Healthcare Market, By Geography, 2014 - 2020 ($M)
Figure2 Segmentation of Global 3D Printing in Healthcare Market
Figure3 Global 3D Printing in Healthcare Market Competitive Share Analysis, 2014(%)
Figure4 Global 3D Printing in Healthcare Market Share, By Technology, 2014 (%)
Figure5 Global 3D Printing in Healthcare Market Share, By Material, 2014 (%)
Figure6 Global 3D Printing in Healthcare Market Share, By Application, 2014 (%)
Figure7 Global 3D Printing in Healthcare Market Share, By Geography, 2014 (%)
Figure8 Americas 3D Printing in Healthcare Market Share, By Country, 2014 (%)
Figure9 Europe 3D Printing in Healthcare Market Share, By Country, 2014 (%)
Figure10 APAC 3D Printing in Healthcare Market Share, By Country, 2014 (%)
Figure11 RoW 3D Printing in Healthcare Market Share, By Country, 2014 (%)Figure12 Global 3D Printing in Healthcare Market Recent Developments, By Year, 2012-2015
The history of 3D printing or additive manufacturing in a broader sense dates back to 1980s but thetechnology’s onset in healthcare was not until recently. 3D printing in healthcare market has gainedmuch prominence in the recent years due to the increasing number of applications in the medicaland dental surgeries along with the developments in tissue engineering.
The global market for 3D printing in healthcare is rapidly growing with an explosive CAGRexceeding 15% over the forecast period 2015-2020 to reach $XX billion by 2020. The market is setto be driven by the increasing demand for patient-specific tailored products in orthopedics andmaxillofacial surgery. Advances in tissue engineering for 3D bio-printing is gaining importance andthe tissues generated by bio-printing will be available for transplant in the near future. However,high costs and regulatory barriers are likely to hinder the market growth.
SAMPLE TABLE: GLOBAL 3D PRINTING IN HEALTHCARE MARKET, BY REGION,2014-2020 ($M)
Region 2014 2015 2016 2017 2018 2019 2020 CAGR%(2015-2020)
Americas xx xx xx xx xx xx xx xx%
Europe xx xx xx xx xx xx xx xx%
APAC xx xx xx xx xx xx xx xx%
RoW xx xx xx xx xx xx xx xx%
Total xx xx xx xx xx xx xx 15.5%
Source: IndustryARC Analysis, Expert Insights
Americas exhibited the highest market share exceeding 37% of the global 3D printing in healthcaremarket in 2014 due to the high funding for research activities in this area, enhanced healthconsciousness among patients and increased spending on healthcare. On the other hand, Europe ispoised to grow with the highest annual growth rate during the period under study. The high growthcan be attributed to the rising demand for customized or personalized implants or prosthetic devicesand medicines suited for an individual’s needs. Huge number of research programs and increasingfunds for the same are expected to drive the market in this region.
A research team from Japan have advanced in the direction of using a 3D printer toconstruct custom-made skin and bones in January, 2015. The work combines proteins, stemcells and a synthetic material comparable to collagen in order to elicit growth of the tissue.
Gyrobot Limited of U.K. in January, 2015 has created an economically viable flexible “Flexyhand” 3D-printed prosthetic hand, which features Skin I Filaflex elastic filament suppliedby Recreus.
Organovo Holdings, Inc. has partnered with Johnson & Johnson in July, 2014 in order toevaluate the safety and effectiveness of 3D-printed living tissue used for drug discovery.
A couple of cancer patients from South Africa were provided with 3D printed titanium jawimplants that feature fusion of titanium powder and laser beams. The procedure is the firstof its kind in South Africa and third in the world.
A team of medical researchers from the Feinstein Institute for Medical Research in February,2015 have utilised a 3D printer to make tracheal cartilage made up of collagen andchondrocytes to create prototypes and improve the bio-prosthesis.
Plastics or polymers occupy the dominant type of materials used in 3D printing for medicalapplications, occupying over 35% market share.
Laser beam melting or laser sintering is the rapidly growing technology to be used in 3Dprinting in healthcare, owing to the increasing usage in making orthopaedic implants andprosthesis.
The quantitative and qualitative data collected for the global 3D printing in healthcare marketreport is from a combination of secondary and primary sources. Research interviews wereconducted with executives and/or mangers in the key device manufacturers and relatedorganizations. These Key Opinion Leaders (KOLs) were then provided a questionnaire to gatherquantitative and qualitative inputs on their operations, performance, strategies and views on theoverall market, including key developments and trends. Data from interviews is consolidated,checked for consistency and accuracy, and the final market numbers are again validated byexperts. The global 3D printing in Healthcare market was split by technology, material,application and geography based on different factors like primary and secondary sources,understanding of the number of companies operating in each segment and also KOL insights.
We have used various secondary sources such as directories, articles, white papers, newsletters,annual reports and paid databases such as OneSource, Hoovers and Factiva to identify andcollect information for extensive commercial study of the global 3D printing in healthcaremarket.
The approach towards finding information regarding the market and forecasting has been quiteextensive. The key players in the market and its value chain were identified through secondaryresearch and their market opinions were also gathered in a similar way through telephonicinterviews and questionnaires. Interviews with key opinion leaders such as managers andmarketing personnel were used extensively in understanding the need and emergence of 3Dprinting in healthcare market.
We also have extensive database of contacts which were used to conduct primary interviews andalso to get their inputs using questionnaires.
An analytical model lies at the core of our process, ensuring logical consistency throughoutour research. We complement the model with secondary data and interviews with industry
experts to reflect the latest trends. With our final expert validation, we provide you withonly the most accurate and actionable intelligence.
THE ARC PROCESS
ANALYTICAL MODEL BASE MODEL CONSOLIDATED MODEL ARC MODEL
AnalyticalMethod
Base Method ConsolidationMethod
Delphi Verification
1. Granularbreakdown ofdrivers intofactors
2. Validate allfactors in termsof their presentimpact on themarket
3. Assign weightsto these factors interms of theirrelevance andimpact on themarket
4. Build the Analytical Model
1. Get a top-down estimate ofthe market
2. Follow it up with a bottom-upestimate of themarket
3. Checkforconsistencyand new growthfactors that arerelevant over thenext 10 Years
4. Build the Basemodel
1. Granularbreakdown ofdrivers intofactors
2. Validate allfactors in termsof their presentimpact on themarket.
3. Assign weightsto these factors interms of theirrelevance andimpact on themarket.
4. Build theConsolidatedModel
1. Verify thefindings of themodel withexperts fromacross the valuechain
2. Verify thefindings withplayers acrosssmall and largeenterprises