Increased Funding and Investments on R&D Activities Pushing Growth of 3D Applications in Healthcare Market

3D Applications in Health Care

3D technology has come up as a blessing for the health care sectors as it application is seen in defense, architecture, gaming, and heath care. In the health care sector, it is largely adopted by doctors, medical staff, health care professionals, medical device manufacturers. 3D printing technology is mainly used in surgeries, thus providing impetus to the health care market. With the help of this technology, the patients can get personalized and customized medical devices. Moreover, rising geriatric population, growing number of amputees, rising incidence of osteoporosis, and large number of patients living with auditory loss and dental problems are also providing impetus to the market. The above-mentioned factors are expected to provide a fillip to the 3D applications in health care market.

Trends Shaping 3D Applications in Healthcare Market

Recent trends of technological advancements in surgical tools, prosthetic bone and cartilage, and 3D printed skin is driving the growth in the 3D applications in health care market. Moreover, 3D imaging that is also known to rise clinical productivity is likely to replace more invasive and expensive treatment. It will reduce the chances of risk and would fuel the market growth. Furthermore, the dentistry and hearing aids industries are dependent on this technology as it improves the treatment process. For example, in dentistry 3D technology is widely used to make implants and aligners, customized denture, and crowns.

The rapid proliferation of Covid-19 has been putting great strain on healthcare systems across the world, with demand for critical medical equipment and supplies mounting. Major manufacturers to individuals, have responded to the Covid-19 crisis by supporting the production of vital medical equipment for hospitals. 3D Systems, Carbon, and Renishaw have begun designing and manufacturing open-source PPE for healthcare workers worldwide.

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There is a major health crisis in terms of the shortage of organs, as the population is living for longer due to medical advances. Since 2013, the number of patients requiring an organ has doubled, while the actual number of available donor organs has barely moved. There is a growing R&D crisis occurring in the pharmaceutical industry, as drugs are failing at later and later stages. Bioprinted tissues and organs are already being used to help increase the success rate of clinical trials. With bioprinting, researchers can print fully functional organs made of human cells to test a drug’s efficacy prior to using in vivo animal or human tests. This not only reduces the damage caused to animals, but also expedites the entire R&D process.

3D Printing is Becoming for Overall Growth of Market

In healthcare, 3D bioprinting is used to create living human cells or tissue for use in regenerative medicine and tissue engineering. Organovo and Envision TEC are the pioneers of this technology. 3D printing is also used to manufacture precision and personalized pharmaceuticals. Aprecia Pharmaceuticals’ Spritam for epilepsy is the first and only FDA approved 3D printed drug.

Regenerative medicine involves many different areas, using scaffolds, biomaterials, cells, or a combination of biomaterials and cells to attempt to create organs for transplants instead of relying on the current donor model. Recently, the creation of multilayered objects (tissues/organs) from soft biomaterials such as living cells and biomimetic synthetic polymers has been the most challenging technological advancement in the field.

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The vendor landscape presented in the report gives a complete information about the various players operating in the 3D applications in health care market at the global level. Philips, Toshiba Medical Systems, GE Healthcare, Siemens Helathineers, Hitachi Medical Systems, and Stratasys Ltd. are few prominent companies operating in the 3D applications in health care market. Leading players in the market are using different growth strategies and introducing new products offering customized implants for patients to strengthen their position in the market.

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