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Europe Healthcare 3D Printing Market - Segmented by Technology, Application, Materials, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Europe Healthcare 3D Printing Market - Segmented by Technology, Application, Materials, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The Europe healthcare 3D printing market is expected to register a CAGR of 15% during the forecast period, 2018 to 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 costs, and quick product development have augmented the interest of players in emerging markets.

Increase in 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. In Europe, Germany and Italy have the highest prevalence of self-reported hearing loss. According to the report by Eurostat, of all the people with self-reported hearing loss, only 51% are referred to hearing care professionals. Furthermore, the uptake of hearing aids by these referred persons is 76%. 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. 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 factor, such as the technological advancements leading to the enhanced application is driving the healthcare 3D printing market.

Absence of Specific Regulatory Guidelines

Manufacturing of implantable devices represents the most sophisticated applications of 3D printing, which requires high accuracy & quality in the product’s design. The design of implantable prosthesis is based on morphological features specific to each patient. This category of devices is classified as Class III “custom-made” devices. Despite the high-risk associated with these devices, there are no specific regulatory guidelines in place to guarantee safety. The European Commission had been set up to explore the new technologies in the field of biomedical devices. However, it failed to update the guidelines for custom-made devices. So, the absence of regulation has resulted in skepticism from patients. Many implants need to be studied over a period for their efficiency, and thus the absence of regulation discourages patients from adopting 3D printed implants. This absence of specific regulatory guidelines is hindering the growth of the healthcare 3D printing market. Also, lack of trained professionals is hindering the market.

Germany to Lead the Market

The German healthcare 3D printing market held the largest market share in 2017 in Europe due to the increased awareness of 3D printing technology. The United Kingdom is one of the upcoming markets due to the rising adoption of novel 3D printing technologies in the medical field.

Key Developments in the Market:

  • February 2018: EnvisionTEC and AvaDent joined forces on 3D printed dentures.
  • December 2017: GE has increased its shareholding in Arcam to more than 90%.

Reasons to Purchase the Report
  • Follow the current and future of European 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 Absence of Specific Regulatory Guidelines
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 Steel Titanium Gold Silver
7.3.2 Polymers Nylon Glass-filled Polyamide Epoxy Resins Photopolymers Plastics
7.3.3 Ceramics
7.3.4 Biological Cells
7.3.5 Others
7.4 By Geography
7.4.1 Europe France Germany United Kingdom Italy Spain Rest of Europe
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 3D Systems Corporation
9.2 Arcam AB
9.3 EnvisionTEC GmbH
9.4 EOS GmbH
9.5 Materialise NV
9.6 Organovo Holdings, Inc.
9.7 Oxford Performance Materials
9.8 Renishaw
9.9 Stratasys
*List Not Exhaustive
10. Future of the Market
11. Disclaimer

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