Asia-Pacific Healthcare 3D Printing Market - Segmented by Technology, Application, Materials, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The Asia-Pacific healthcare 3D printing market is expected to register a CAGR of over 20% during the forecast period of 2018–2023. 3D printing is defined as an automated process for manufacturing prototypes, medical devices, and implants. The increasing cost pressure on medical device manufacturers has forced them to adopt 3D printing technology to eliminate the traditional prototyping process. Moreover, the growing income levels, low manufacturing cost, and quick product development have augmented the interest of players in emerging markets.
Demand for Customized 3D Printing
Additive manufacturing, often referred to as 3D printing, has the potential to provide cost-efficient methods to produce highly complex and customized components, single parts or small batches of products. Dental laboratories and hearing aid manufacturers get the maximum benefit from 3D printing in healthcare. Thus, there is a huge unmet demand for hearing aids in the market. Since almost all hearing aids are 3D printed, the market is expected to grow positively in the forecast period. Similar has been the case with dental implants. With increasing number of procedures of dental implants, the need for customized procedures has risen, and this can be catered by 3D printing techniques. 3D printing technologies have exposed the capabilities for customization in a wide variety of applications in the medical field.
The other factors, such as technological advancements leading to the enhanced application, technological advancements leading to enhanced applications, and increasing scope of bioengineering products are driving the healthcare 3D printing market.
High Cost of 3D Printed Organs and Tissue
3D printing as an innovation is a new technology in the healthcare department. Organs have been scarce, but the demand for organ transplantation is huge. Hence, 3D printing helps in this as it can produce essential organs artificially. However, it is very expensive, as the availability of this 3D printing systems is very low in the market. The high cost of 3D printing is hindering the growth of the healthcare 3D printing market. The other factors, such as lack of trained professionals and regulatory issues are also hindering the market.
Asia-Pacific Expected to Witness Good CAGR
Asia-Pacific is expected to witness a good CAGR. Both, China and Japan, are showing a high potential for the market due to their noteworthy government funding for 3D printing technology.
Key Developments in the Market:
- February 2018: EnvisionTEC and AvaDent joined forces on 3D printed dentures.
Major Players: ALTEM TECHNOLOGIES, IMAGINARIUM, BRAHMA 3, KCBOTS, and JGROUP ROBOTICS, among others.
Reasons to Purchase the Report
- Follow the current and future of the Asia-Pacific healthcare 3D printing market in the developed and emerging markets.
- Analyzing various perspectives of the market with the help of Porter’s
- Five Forces Analysis.
- Identify the segment that is expected to dominate the market.
- Identify the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3-month analyst support along with the Market Estimate sheet (in Excel).
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- 1. Introduction
- 1.1 Market Definition
- 2. Research Methodology
- 3. Executive Summary
- 4. Key Inferences
- 5. Market Overview
- 5.1 Current Market Scenario
- 5.2 Porter's Five Forces Analysis
- 5.2.1 Bargaining Power of Suppliers
- 5.2.2 Bargaining Power of Consumers
- 5.2.3 Threat of New Entrants
- 5.2.4 Threat of Substitute Products and Services
- 5.2.5 Competitive Rivalry within the Industry
- 6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
- 6.1 Drivers
- 6.1.1 Technological Advancements Leading to Enhanced Application
- 6.1.2 Increase in Demand for Customized 3D Printing
- 6.1.3 Increasing Scope in Bioengineering Products
- 6.2 Restraints
- 6.2.1 Lack of Trained Professionals
- 6.2.2 Regulatory Issues
- 6.2.3 High Cost of 3D Printed Organs and Tissue
- 6.3 Opportunities
- 6.4 Key Challenges
- 7. Market Segmentation
- 7.1 By Technology
- 7.1.1 Stereo Lithography
- 7.1.2 Deposition Modeling
- 7.1.3 Electron Beam Melting
- 7.1.4 Laser Sintering
- 7.1.5 Jetting Technology
- 7.1.6 Laminated Object Manufacturing
- 7.1.7 Others
- 7.2 By Application
- 7.2.1 Medical Implants
- 7.2.2 Prosthetics
- 7.2.3 Wearable Devices
- 7.2.4 Tissue Engineering
- 7.2.5 Others
- 7.3 By Materials
- 7.3.1 Metals & Alloys
- 22.214.171.124 Steel
- 126.96.36.199 Titanium
- 188.8.131.52 Gold
- 184.108.40.206 Silver
- 7.3.2 Polymers
- 220.127.116.11 Nylon
- 18.104.22.168 Glass-filled Polyamide
- 22.214.171.124 Epoxy Resins
- 126.96.36.199 Photopolymers
- 188.8.131.52 Plastics
- 7.3.3 Ceramics
- 7.3.4 Biological Cells
- 7.3.5 Others
- 7.4 By Geography
- 7.4.1 Asia-Pacific
- 184.108.40.206 China
- 220.127.116.11 Japan
- 18.104.22.168 India
- 22.214.171.124 Australia & New Zealand
- 126.96.36.199 South Korea
- 188.8.131.52 Rest of Asia-Pacific
- 8. Competitive Landscape
- 8.1 Mergers & Acquisition Analysis
- 8.2 Agreements, Collaborations, and Partnerships
- 8.3 New Products Launches
- 9. Key Players
- 9.1 Altem Technologies
- 9.2 Brahma 3
- 9.3 Imaginarium
- 9.4 JGroup Robotics
- 9.5 KCbots
- *List Not Exhaustive
- 10. Future of the Market
- 11. Disclaimer