4D Printing in Healthcare Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030
4D Printing in Healthcare Market by Component (Equipment, 3D printer SMM, Hydrogels, Software, Service, Cells), Technology (FDM, SLS, Stereolithography), Application (Research Model, Implant), End user (Hospital, Dental Lab, ASC) - Global Forecast to 2030
Product Overview
4D printing uses smart materials to develop objects that can be self-assembled, flexible or react to changing conditions. While the technology is still in the research and development stage, prototypes have been seen across the automotive, medical and aviation industries.
Market Overview
The global 4D printing in healthcare market is estimated to reach USD 45.8 million by 2030 from USD 9.8 million in 2021, at a CAGR of 31.1% during the forecast period. Growth in this market is driven mainly by technological advancements in 3D printing technology, such as the development of smart, programmable materials. On the other hand, high development & production costs, need for compliance with regulatory & performance standards that will slow product launches, and potential safety hazards are expected to restrain the growth of the 4D printing in medical market to a certain extent
The PolyJet segment is expected to grow at the highest CAGR during the forecast period.
Based on technology, the FDM segment is expected to account for the largest share of the 4D printing in healthcare market in 2021. However, the PolyJet segment is expected to register the highest growth during the forecast period. This technology enables the development of complex shapes with intricate details and delicate features. It offers products with a variety of colors and materials into a single model. The reduced material wastage due to the higher accuracy of deposition and the ability to use multiple materials and colors are the major advantages of this process, thus, driving its demand.
The medical & research models segment accounted for the largest share of the 4D printing in healthcare market in 2021
Market Dynamics
The increasing demand for innovations in organ transplants is a driving factor for the industry. Production of useful implants considering biocompatibility, including biomedical splits and stents, could be a primary factor anticipating the industry growth. 4D printing application in developing and emerging fields are tissue engineering and self-assembling human-scale biomaterials. Moreover, complex treatments such as cancer chemotherapy is also an application for 4D printing could also drive the industry intensely. Furthermore, in the medical field, this technology could reduce the surgical procedures that could save the patients with pain associated with surgical procedures. Healthcare specialists could use self-deforming components for the treatment, including any abnormality. The emerging economies and increasing healthcare expenditure are expected to propel the growth of the industry in the future.
North America accounted for the largest share of the 4D printing in healthcare market during the forecast period
Geographically, the 4D printing in medical market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2021, North America is estimated to be the largest regional market for 4D printing in healthcare. This can majorly be attributed to the continuous technological advancements, growing demand for organ transplantation, efforts taken in the research & development of the 4D printing technology in the healthcare sector, and the presence of highly developed healthcare infrastructure in the region.
Key players in the global 4D printing in healthcare market
The market is a highly diversified and competitive market, with a large number of players, including mid-tier companies and startup firms. 3D Systems (US), Organovo Holdings Inc. (US), Stratasys Ltd. (US & Israel), Dassault Systèmes (France), Materialise (Belgium), EOS GmbH Electro Optical Systems (Germany), EnvisionTEC (Germany), and Poietis (France) are some of the key players in the market.
4D printing in healthcare market, by Component
• Equipment
• 3D Printers
• 3D Bioprinters
• Programmable Materials
• Shape-memory Materials
• Hydrogels
• Living cells
• Software & Services
4D printing in healthcare market, by Technology
• FDM
• PolyJet
• Stereolithography
• SLS
4D printing in healthcare market, by Application
• Medical Models
• Surgical Guides
• Patient-specific Implants
4D printing in healthcare market, by End-User
• Hospitals & Clinics
• Dental Laboratories
• Other End-Users
Contents
1. Executive Summary
2. Global 4D Printing in Healthcare Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global 4D Printing in Healthcare Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global 4D Printing in Healthcare Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global 4D Printing in Healthcare Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Component: Market Share (2020-2030F)
12.2.1. Equipment, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. 3D Printers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. 3D Bioprinters, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Programmable Materials, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Shape-memory Materials, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.6. Hydrogels, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.7. Living cells, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.8. Software & Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Technology: Market Share (2020-2030F)
12.3.1. FDM, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. PolyJet, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Stereolithography, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. SLS, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Application: Market Share (2020-2030F)
12.4.1. Medical Models, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Surgical Guides, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.3. Patient-specific Implants, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5. By End User: Market Share (2020-2030F)
12.5.1. Hospitals & Clinics, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.2. Dental Laboratories, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.3. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13 Company Profile
13.1. 3D Systems (US)
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Organovo Holdings Inc. (US)
13.3. Stratasys Ltd. (US)
13.4. Dassault Systèmes (France)
13.5. Materialise (Belgium)
13.6. EOS GmbH Electro Optical Systems (Germany)
13.7. EnvisionTEC (Germany)
13.8. Poietis (France)
13.9. Other Prominent Players
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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