San Francisco, California, October 16, 2018 – The vast clinical and therapeutic potential emerging out of bioprinting a key factor behind the rapid evolution of the healthcare 3D printing market. The rising worldwide application of 3D printing in pharmacology and the overall medical industry is propelling the growth of the market. 3D printing has shown immense promise in the healthcare industry by being used for manufacturing multi-active solid dosage form, or popularly known as polypill. The rising application of polypill in delivering complex medication regimes for managing or treating various diseases is a noticeable trend.
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A broad assessment of the above prospects and their impact on the evolution of the market has been presented in a report by TMR Research. The report is titled “Healthcare 3D Printing Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2028”. The rising demand for 3D printers by pharmaceutical industries for bioprinting complex medical implants, rapidly and precisely, stands as one of the trends underpinning the growing potential of the healthcare 3D printing market.
The emerging use of 3D printing to transform numerous facets of the healthcare sector is catalyzing the steady expansion of the market. Healthcare 3D printing is also expected to have substantial applications in making drug delivery gadgets, vascular networks, and organoids. Rapid advances in the additive manufacturing technologies over the past few years will create exciting prospects for companies in the healthcare 3D printing to capitalize on.
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However, the paucity of easy availability of skilled expertise for the technology has been a setback for the healthcare 3D market. Nevertheless, the unprecedented potential that 3D printing offers in managing the cost and quality of healthcare is a notable factor catalyzing the market growth. Moreover, several biotechnology players in various parts of the world are leveraging the limitless potential of 3D printing to develop personalized treatments. In recent years, research and development activities have risen to develop frameworks that facilitate the application of 3D printing for manufacturing healthcare gadgets.
Prominent players operating in the healthcare 3D printing market include 3D Biotek, Envision TEC, Cyfuse Biomedical, Bio 3D Technologies, and Aspect Biosystems.