Healthcare 3D Printing Market — Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019–2025
The Middle East and Africa Healthcare 3D Printing Market is anticipated to reach the market valuation of US$ 234.2 million by 2025 expanding at skyrocketing CAGR of 13.1% in the course of the forecast period (2019–2025) from US$ 87.07 million in 2018. The benefits of 3D printing in healthcare can also be witnessed among numerous industry verticals wherein the adoption of additive technology has been the game-changer for the end-use category. Although healthcare 3D printing stands at the infancy stage and needs time to reach mass adoption level, but in years to come, with the combination of several innovative technologies, the technique displays a tremendous potential to radically transform and customize numerous designs and production processes. Dramatic uptake in investments with respect to product and development in 3D solutions, booming 3D technique in healthcare, government support, technological advancement in healthcare industry (especially medical devices), increasing spending on 3D printing technology, faster supply chain and reduced lead times among others or have considerably influenced the growth prospects of 3D printing at MENA scale. Moreover, as the technology has successfully transited to the phase of reaching the top of the plateau of productivity, the health care sector is rapidly turning itself to 3D technique to design surgical guides, orthopedic device and medical implants. In addition, the booming concept of dental 3D printing and the launch of dental labs have completely revolutionized 3D printing displaying promising advancements in medical and dental fields.
For country-level analysis of overall adoption of 3D Printing technology in the MENA, Infrastructure Sector browse through — Healthcare 3D Printing Market
Unique variations of 3D printing technology are bifurcated extensively into component, technology type, application, sub-industry and end-user industries. Based on Component, the report segments the MENA healthcare 3D Printing market into Product, material, service and other (software). In 2018, the product segment dominated the market and is expected to remain dominant throughout the forecast period 2019–2025. Based on the product (printer), the market is segmented into Professional/Industrial Printers and Personal/Desktop 3D Printers. Professional/Industrial Printers dominated the MENA healthcare 3D Printing market and is expected to maintain its dominance throughout the analyzed period. Desktop 3D Printer is expected to witness a CAGR growth of 14.8% during the analyzed period. Based on the material type, the market is segmented into polymer, plastic, metals and alloys, and ceramics. In 2018, the polymer segment held the lead share in the MENA healthcare 3D printing material market as they represent the greatest penetration and user accessibility in 3D printing. However, the ceramic segment is expected to witness a tremendous CAGR growth of 15.1% during the analyzed period. Based on service type, the market is segmented into Custom Design and Manufacturing and After Sales Service. In 2018, Custom Design and Manufacturing generated revenue of US$ 9.41 million in the MENA Healthcare 3D Printing market.
Based on the technology, the market is bifurcated into Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused deposition modeling, Laminated object Manufacturing, Bio Printing and Others. Based on application, the market is bifurcated into functional parts, fit and assembly, prototype modelling, research, model casting, visual aids, presentation modelling, others. In 2018, Functional Parts manufacturing dominated the MENA healthcare 3D Printing technology market, generating revenue of US$ 29.46 million. Based on Practice Area, the MENA healthcare 3D printing market is divided into medical devices, pharma and bioscience. The bioscience segment is expected to witness the highest CAGR growth during the forecast period 2019–2025. Based on the end-use category, the market is bifurcated into dental implants, implants, prosthetics, hearing aids, surgical guides, medical components, drug screening, tissue engineering and others. 3D printing is largely deployed for the manufacturing of dental implants hence, dental implants dominated the MENA healthcare 3D printing market, generating revenue of US$ 29.94 million in 2018. Based on the end-use category, the market is bifurcated into dental implants, implants, prosthetics, hearing aids, surgical guides, medical components, drug screening, tissue engineering and others. Dental implants dominated the MENA healthcare 3D printing market, generating revenue of US$ 29.94 million in 2018.
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Additionally, for better investigation and penetration of MENA healthcare 3D printing solutions, detailed country-level analysis has been conducted for major countries including UAE, Saudi Arabia, Kuwait, Qatar, Algeria, Egypt and the rest of MENA. UAE generated revenue of US$ 16.02 million in 2018. However, Algeria is expected to witness the highest CAGR growth of 16.1% during the forecast period 2019–2025. In addition, with the growing manufacturing sector in the UAE and being the wider region, it also captures the major chunk of the healthcare 3D printing market in the Middle East region. Some of the major companies profiled in the MENA 3D Printing Market are 3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd., Organovo Holdings, Inc, Mcor Technologies Limited, Voxeljet AG, 3DVinci Creations, AddUp and Jumbo 3D manufacturing. The players consistently aim to focus on product development, launch new products and enhance their existing portfolios to expand their customer base and strengthen their market position through partnerships and collaborations which further offers them growth opportunities for geographic expansion.
MENA Healthcare 3D Printing Market Segmentation
Market Insight, by Component
Personal/Desktop 3D Printers
Metal & Alloys
Custom Design and Manufacturing
After Sales Services
Market Insights, by Technology
Fused Deposition Modelling
Selective Laser Sintering
Electron Beam Melting
Laminated object Manufacturing
Market Insights, by Application
Functional Parts Manufacturing
Fit and Assembly
Market Insight, by End-use Category
Others Human Organs
Market Insight, by Practice Area
Market Insight, by End-users
Medical & Surgical Centers
Pharma & Biotech Companies
Academic & Research Institutions
Market Insights, By Country
United Arab Emirate
Rest of MENA
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