ZEAL 3D PRINTING SERVICES Growth of World 3D Printing Healthcare Market
3D Printing In Healthcare Industry ➢ 3D printing technology is helping patients to recover faster and reduce hospital stay, and manufacturers to produce patient-specific implants. ➢ This technology is also enabling surgeons in planning surgeries, reducing risk of infections, anesthesia exposure, and manage complex operative procedures. ➢ 3D printing in medical industry is promoting drug testing on 3D printed organs as well. Further, by aiding 3D printing of tablets, this promising technology is opening new avenues for pharmaceutical industry.
Growth Forecast For 3D Printing Healthcare Market ➢ Allied Market Research Company has valued world 3D printing healthcare market at $579 million in 2014. ➢ They have also projected a Compound Annual Growth Rate of 26.2% by 2020. Much of this market is tapped by Europe, Asia Pacific, and North America. ➢ But looking at the increasing demand for 3D printing services in Melbourne, it is not late to affirm that Australia will also grab a decent share of this market.
Growth of 3D printing in medical sector ➢ The growth of 3D printing in the medical sector is driven by its ability to produce customized implants, and wearable devices. ➢ The increase in the population of amputees, geriatric, and osteoporosis is fueling this growth. Also, a major part of the world's population is suffering from auditory loss, and dental problems. ➢ So the demand for 3D printed implants and personalized wearable devices is increasing. Much of the demand of the healthcare market is met through online 3d printing services.
Benefits of 3D printing services in medical sector ➢ 3D printing services is helping medical industry in researching and producing patient-specific implants. It offers these benefits to the healthcare market: ■ Low-cost 3D printed organs and prosthesis ■ Patient-specific implants ■ Reducing complications during surgery ■ Reducing hospital stay and aiding faster recovery ■ No need of donors ■ Training medical students on customized 3D organs ■ Tissue engineering
Contributors For 3D Printing Healthcare Market Growth ➢ 3D printing healthcare market growth is driven by many factors such as advancement in technology, invention of biomedical materials, and portable 3D printers that can run on solar power.
➢ Major contributors to this market are medial research and surgical institutions, medical educational institute, pharmaceutical, and biotech companies.
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