4D Printing in Healthcare Market 2020 Global Trends, Key Vendors, Regional Analysis, Import & Export, Revenue by Forecast 2025
4D Printing in Healthcare Market Insight
The 4D printing in healthcare market is making rapid strides during COVID 19 crises. 4D printing technology is proving to be very helpful in fighting the effects of COVID 19, providing medical services delivery, drone-based delivery, virus-immune robots that do manual labor, 4D printing of ventilators, and so on. In contrast to conventional 3D printing, the 4D printing method allows the control in the architecture of the polymers and tunes the mechanical properties of the materials prepared by the process using visible light.
The new 4D printing technique has many novel applications, including delivering cancer drugs more efficiently and tissue engineering. Thanks to the pioneering work of research & developments that have improved the technology exponentially. The burgeoning sectors, such as medical implant and dentistry, are benefitting with the technology the most. Resultantly, the growth in these sectors defines the growth landscape of the 4D printing in healthcare market.
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Moreover, researches, investments, and early adoptions are the major factors improving the performance of this disruptive technology stepwise as it grows. According to Market Research Future (MRFR), the global 4D printing in healthcare market is projected to create a valuation of USD 30.4 MN by 2025, registering around 29.4% CAGR during the forecast period (2019-2025). Rising implementation of 4D printing technology to print tissues & organs and in the drug discovery is fostering the growth of the market.
Additionally, rising investments by chemical companies in the development of smart materials in 4D printing are, in turn, enhancing the growth of the market directly. Moreover, factors such as the increasing application of 4D printing in healthcare verticals such as dentistry, implants, and prosthetics push the growth of the market. On the other hand, stringent regulatory policies for the approval of 4D printing medical devices and limited skilled professionals are the major factors estimated to impede the growth of the market.
4D Printing in Healthcare Market Major Players:
Players leading the 4D printing in healthcare market include Stratasys Ltd (US), 3D Systems, Inc (US), EnvisionTEC (Germany), Poietis (France), Organovo Holdings Inc. (US), Materialise NV (Belgium), and Dassault Systèmes (France), among others.
4D Printing in Healthcare Industry/ Innovation /Related News:
April 13, 2020 ---- Adidas AG (Germany), a multinational corporation, announced that it has created 3D printed face shields co-created for its 4D midsoles, to support US healthcare organizations during the COVID 19 situations. Adidas has collaborated with a US-based technology company, Carbon3D Inc., to redirect its efforts to aid the global health crisis. The new 3D printed face shields are made of highly elastic, tear-resistant material called Elastomeric Polyurethane. This material is normally used in Adidas 4D midsoles, which creates personal protective equipment (PPE) products that can be sanitized and reused, which further eliminates the waste generation process during a time of scarcity. The collaboration with Carbon is a step Adidas has taken to support COVID-19 relief efforts.
4D Printing in Healthcare Market - Segments
The report is segmented into four market dynamics;
By Component: Software & Services, Equipment (3D Bioprinters, 3D Printers), Smart Material (Shape Memory Alloys (SMA), Shape Memory Materials (SMM), Shape Memory Polymers (SMP), Shape Memory Ceramics (SMC), Shape Memory Hybrids (SMH), Shape Memory Gels (SMG), Hydrogels, Living Cells), Technology Direct Inkjet Cure, Fused Deposition Modeling, Stereolithography, Laser-Assisted Bioprinting, Selective Laser Melting), and others.
By Application: Dental Supplies, Prosthetics (Finger Splints, Prosthetics Implants, Hip Disarticulation, Lower Limb/Extremity Componentry, others), Tissue Engineering (Bone & Cartilage Scaffolds, Ligament & Tendon Scaffolds), Orthopedic Implants, Medical Components, Drug Screening, Hearing Aids, and others.
By End User: Hospitals & Surgical Centers, Dental Clinics & Laboratories (Offices), Pharmaceutical & Biotechnology Companies, and others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
4D Printing in Healthcare Market - Geographical Analysis
North America dominates the global 4D printing in healthcare market. The largest market share attributes to the presence of a large number of medical device companies and players engaged in the manufacturing of 4D printing devices & software. Also, increasing research & development led by substantial investments made by public and private organizations foster the regional market growth. The North American 4D printing in healthcare market is likely to continue to command the global market throughout the assessment period.
Europe stands second in the global 4D printing in healthcare market. The market is majorly led by the huge demand for the technology in the dental and medical implant sector. Moreover, the increasing uses of 3D & 4D printing technologies in the field of healthcare drive the growth of the regional market. Implementation of 4D printing technologies in the manufacturing of medical products using custom made materials has risen dramatically in the region, which, in turn, provides impetus to the regional market growth. The European 4D printing in healthcare market is expected to grow at a phenomenal CAGR during the forecast period.
The Asia Pacific 4D printing in healthcare market is emerging as a promising market globally. Factors such as the growing investments by government bodies and private & public companies in healthcare products drive the regional market growth. Besides, the growing markets in India and China, backed by improved healthcare services, provide an impetus to the growth of the regional market. The APAC 4D printing in healthcare market is projected to register the highest CAGR during the forecast period.
Global 4D Printing in Healthcare Market - Competitive landscape
Highly competitive, the 4D printing in healthcare market appears fragmented due to the presence of several well-established technology providers. To gain a larger competitive share in the market, industry players incorporate strategic initiatives such as acquisitions & mergers, expansion, collaboration, and product & technology launch. They make substantial investments to increase their global footprints and to drive R&D activities. On the backdrop of COVID 19 crises, technology providers have increased their efforts and are collaborating with players of other industries to create various products to help healthcare organizations, first responders, and communities that have dire needs but don't have access to adequate supplies.
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