(MENAFN- America News Hour)Research Nester released a report titled ''4D Printing in Healthcare Market : Global Demand Analysis & Opportunity Outlook 2029'' which delivers detailed overview of the global 4D printing in healthcare market in terms of market segmentation by component, technology, application, end-user, and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The 4D printing in healthcare market is projected to grow with a high CAGR during the forecast period, i.e., 2021-2029 on account of the increasing research & development in 4d printing technology and the rising demand for 4D printing for organ transplant. For instance, in May 2018, the Advanced Regenerative Manufacturing Institute (ARMI) entered into a strategic partnership with Organovo Holdings, Inc. and Samsara Sciences, Inc. for the development of organs and engineered tissues.
The market is segmented by component into hardware, software, and services. Among these segments, the hardware segment is anticipated to hold the largest share by the end of 2021 in the 4D printing in healthcare market as a result of increased number of innovations by the major players. It is also witnessing worldwide recognition for its emerging technological advancements in the industry.
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On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the 4D printing in healthcare market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed to the presence of leading healthcare providers in the region, especially in the United States, who are extensively involved in the research and development for innovative of new technologies.
Increasing Demand for 4D Printing for Organ Transplant to Drive Market Growth
According to the United States Government Information on Organ Donation and Transplantation, more than 107,000 number of women, men, and children names has been registered in the 2021 national transplantation list.
The propelling demand for innovations in organ transplants is a major driving factor for 4D printing in healthcare market. The development of innovative implants keeping in mind biocompatibility, such as biomedical stents and splits, is expected to be a significant factor fueling the industry’s growth. Additionally, the increasing healthcare expenditure and emerging economies are expected to boost the growth of global 4D printing in healthcare market in the future.
However, the expensive cost associate with the research and development activities coupled with the low implementation rate in under-developed and developing economies are some of the factors that are estimated to restrain market growth in the near future.
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This report also provides the existing competitive scenario of some of the key players of the global 4D printing in healthcare market which includes company profiling of 3D Systems Inc., Stratasys, Ltd., Materialise NV, Envisiontec, EOS GmbH Electro Optical System, Dassault Systèmes, and Organovo Holdings, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 4D printing in healthcare market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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