Medical additive manufacturing, or medical 3D printing, is a process of creating medical devices or structures using computer-aided design (CAD) and additive manufacturing techniques. A digital model is then sent to a 3D printer, which creates medical device or structure by building up layers of material. Healthcare additive (3D) manufacturing is a growing field with enormous potential to improve patient outcomes and transform healthcare.
Market Dynamics:
Increasing burden of orthopedic and dental diseases, high demand for 3D printed medical products, increasing adoption of 3D printed implants/prosthetics, and increasing applications of 3D printing in the healthcare industry are major factors expected to augment the growth of the global healthcare additive manufacturing market during the forecast period.
For instance, in Jnauary 2023, Axial3D announced the opening of new medical 3D printing centre of excellence in Belfast, Northern Ireland for hospitals, medical device manufacturers, and medical research companies. Moreover, in July 2022, Instalimb raised INR 26 crore in Series A funding in Japan to foray into the Indian market to deliver the highest-quality prosthesis leg with socket (tech) and alignment to Indian population. The company products use 3D printing and AI technology that offers the much-needed comfort and desired fit for the end users.
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