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The company offers a range of professional- and production-grade 3D printers as well as software, materials, and the online rapid part printing service On Demand. ģD Systems' technologies and services are used in the design, development and production stages of many industries, including aerospace, automotive, healthcare, dental, entertainment and durable goods.
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It uses proprietary processes to fabricate physical objects using input from computer-aided design and manufacturing software, or 3D scanning and 3D sculpting devices. The company creates product concept models, precision and functional prototypes, master patterns for tooling, as well as production parts for direct digital manufacturing. Chuck Hull, the CTO and former president, pioneered stereolithography and obtained a patent for the technology in 1986. Owing to its highly sophisticated technology, additive manufacturing has facilitated the healthcare industry with many modern devices and accuracy in surgical results.3D Systems, headquartered in Rock Hill, South Carolina, is a company that engineers, manufactures and sells 3D printers, 3D printing materials, 3D scanners, and offers a 3D printing service. For instance, 3D Systems, in May 2021, acquired Additive Works, a German software company, in a view to augment its portfolio of software units and simulation tools.ģD printing technology has significantly played a crucial part in many developments across the healthcare and pharmaceutical industries. These companies are eyeing on strategies, including acquisitions, partnerships, and novel product introduction to strengthen their presence and share in the global market. Renishaw, Materialise NV, Stratasys, and 3D systems, among others, are few prominent firms functioning in the healthcare 3D printing market.
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Additionally, soaring research and development activities for the upgradation of 3D printing techniques in countries, like Japan and South Korea are further creating lucrative business prospects for regional industry players. As per the Ministry of Road Transport and Highways, India, around 480,652 road accidents were recorded across the country in 2019. The high percentage of road accidents in the region is resulting in a growing number of surgeries and surgical implants. The large number of dental implants used in dentistry is produced utilizing 3D printing technology.Īsia pacific healthcare 3D printing industry accounted for a share of over US$277 million in the global market in 2020. 3D printing technologies have a wide range of applications in dentistry, which include the manufacture of drill guides for dental implants and physical models for orthodontics and prosthodontics. The dental application segment of the healthcare 3D printing industry is anticipated to witness a CAGR of 21.6% up to 2027. On account of its high precision, the demand for stereolithography is soaring for organ creation. Its prominent applications in medicine include the manufacture of wearable assist devices, orthotics, prosthetics, and bioprinting organs. Stereolithography or three-dimensional printing (3DP) is an emerging technology, which has numerous applications in the healthcare sector. The healthcare 3D printing industry share from the stereolithography segment was over 13% in 2020. The integration of more sophisticated technology has increased the importance of 3D printing in many complex medical procedures. Owing to its capability to produce complex 3D objects, laser-based 3D printing technology is broadly adopted in the field of tissue engineering and regenerative medicine and in the manufacture of precision and personalized pharmaceuticals. SLS technology-based 3D printers use lasers to produce complex geometric structures. The laser-based segment of the healthcare 3D printing industry was valued at more than US$320 million in 2020. Request for a sample copy of this report Global healthcare 3D printing market size is slated to surpass US$7.1 billion by 2027, says Global Market Insights, Inc. 3D printing also utilized in the making of hearing aids and wearable medical devices. The unprecedented surge in coronavirus cases has significantly increased the demand for medical protective equipment and other medical products. The healthcare 3D printing technology is also used in the manufacture of several important components of ventilators.