The healthcare additive manufacturing market involves producing biomedical parts, implants, surgical guides, and tissues/organs through techniques including material extrusion, material jetting, binder jetting, photopolymerization, and laser sintering. Advantages of additive manufacturing over conventional techniques include lower production costs, ability to produce parts with complex geometries, customization as per patient requirement, reduced surgical time and lower risk of infection.

Market key trends:

Emerging technologies such as bio-printing are expected to see widespread adoption in the coming years. Bio-printing uses living cells and biomaterials layer by layer to print tissues or organs which is useful in regenerative medicine and tissue engineering applications. Ongoing R&D to develop sophisticated bio-printing technologies to generate complex tissues or organs like liver, heart would revolutionize organ transplantation and treatment of chronic diseases. This would accelerate growth of the healthcare additive manufacturing market till 2030.

Porter's Analysis

Threat of new entrants: The high capital requirements for establishing manufacturing facilities pose barriers for new entrants.
Bargaining power of buyers: Buyers have moderate bargaining power due to the presence of several manufacturers offering similar products.
Bargaining power of suppliers: Suppliers of raw materials have moderate bargaining power due to the availability of substitute materials.
Threat of new substitutes: New substitutes pose a medium threat as technologies like 3D printing are still evolving.
Competitive rivalry: Competition is high among existing players to gain market share.

SWOT Analysis

Strength: 3D printing helps in producing customized medical products and reducing production costs. It facilitates rapid prototyping.
Weakness: Limited applications and regulatory challenges hinder the adoption of 3D printing. Expensive manufacturing machinery is required.
Opportunity: Growing geriatric population and rising chronic diseases are driving demand. Scope for application in dental and orthopedic implants.
Threats: Stringent regulations delay commercialization. Intellectual property issues related to 3D printing files.

Key Takeaways

The Global Healthcare Additive Manufacturing Market Size is expected to witness high growth, exhibiting CAGR of 22% over the forecast period, due to increasing demand for customized medical products.

Regionally, North America is expected to dominate the global healthcare additive manufacturing market owing to the widespread adoption of 3D printing technologies across healthcare facilities in the region. Asia Pacific is projected to be the fastest growing market during the forecast period due rising medical tourism in countries like China, India and Japan.