(MENAFN- Alliance News) Report Ocean introduces a fresh report examining the ' Asia-Pacific 3D Printing in Healthcare market ', encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market's future trajectory.
Obtain a comprehensive report on the Asia-Pacific 3D Printing in Healthcare Market , which includes a full table of contents, over 120 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
The 3D printing in healthcare market in Asia-Pacific is expected to reach a value of USD 0.59 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 26.0% during 2018-2023.
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3D printing can be defined as the process of building three-dimensional solid objects from digital designs. The creation of 3D printed objects is done using various additive processes. The additive processes involves laying down successive layers of a material until the desired object is created. Each of these layers can be visualized as a thinly-sliced horizontal cross-section of the final object. 3D printing is the exact opposite of subtractive manufacturing, which involves hollowing out/carving out pieces of metal or plastic from a mass. This process opens up opportunities for the production of complex shapes using less material in comparison to traditional manufacturing methods. In the field of medicine, this procedure is used to make several objects like prosthetics and implants, using several materials like metal, plastic, etc.
Asia-Pacific will experience the highest CAGR in 3D printing in healthcare market.
The market can be classified into three primary segments based on technology, material, and type.
Based on region , the market is segmented into China, India, Japan, South Korea, Australia and New Zealand (ANZ), and the rest of Asia-Pacific. Based on technology , the market can be segmented into laser beam melting (LBM), electron beam melting (EBM), photopolymerization, droplet deposition, laminated object manufacturing, and others. Based on material , the sub-segments are plastic, metal, ceramic and others. Based on type , the sub-segments include prosthetics, implants, surgical guides, hearing aid and others.
The latest trend is extensive research to make 3D printed products commercially viable.
Key growth factors
The latest technological advancements and rapid adoption in countries like Singapore, South Korea, China and Japan are driving the Asia Pacific market, with increasing focus on bioprinting.
India and Japan, along with China, have higher potential because of a greater emphasis on 3D printing of orthopedic equipment, which caters to the increased demand from the ageing population.
The rising demand for patient-centric products in orthopedics and maxillofacial surgery, and the availability of a range of material options like nylon, polymers, etc., and the reduction in the costs of 3D models have given a thrust to the adoption of 3D printing in various medical fields and are driving the market in the Asia-Pacific region.
Threats and key players
The utilization of 3D printing in healthcare is still expensive as far as tissues and organ printing are concerned. This is hindering growth in developing regions like the Asia-Pacific.
There is a lack of trained professionals, which is acting as an obstacle to the further development of 3D printing in the healthcare market.
The major players in the market are Stratasys Ltd., Organovo, Cellink, Renishaw, and Formlabs.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
North America (U.S. & Canada) Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)
Some Questions Answered in the Asia-Pacific 3D Printing in Healthcare Market Report:
What is the projected size of the Asia-Pacific 3D Printing in Healthcare market in 2032, and what growth rate is expected? What are the primary drivers of growth in the Asia-Pacific 3D Printing in Healthcare industry? What are the major market trends that are affecting the expansion of the Asia-Pacific 3D Printing in Healthcare market? What obstacles must be overcome in order to achieve sustained growth in the Asia-Pacific 3D Printing in Healthcare market? What opportunities and threats do vendors in the Asia-Pacific 3D Printing in Healthcare market face? What are the raw materials and manufacturing equipment used in the production of Asia-Pacific 3D Printing in Healthcare, and what is the manufacturing process? What are the different types and applications of Asia-Pacific 3D Printing in Healthcare, and what is the market share of each type and application? What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Asia-Pacific 3D Printing in Healthcare market? What factors are driving the growth of the Asia-Pacific 3D Printing in Healthcare market in the top regions worldwide? Who are the major players in the Asia-Pacific 3D Printing in Healthcare market, and what strategies are they employing to succeed? What industrial trends, drivers, and challenges are influencing the expansion of the Asia-Pacific 3D Printing in Healthcare market? What are the main findings of a five forces analysis of the Asia-Pacific 3D Printing in Healthcare market?
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