3D Applications in Health Care Market: Current Trends and Future Aspect Analysis 2017 - 2025


- 13 Feb 2018 09:46 AM IST
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The digital age has certainly evolved and the new generation is now empowered and driven by the latest technology. 3D technology is one of them and the fastest growing markets in the world. The 3D imaging market is an outcome of the traditional diagnostic imaging market. 3D systems in association with doctors, health care professionals, medical device manufacturers, and medical staff offer a series of precision health care results. Health care organizations depend progressively on the 3D imaging market. Introducing of 3D printing in healthcare segment brings an important improvement in surgical outcome. It is relatively a new technology and rapidly expanding that found many application in healthcare. Moreover, now a days, medical 3D virtual reality technology devices is using to treat post-traumatic stress disorders, rehabilitation and phobias. Computerized tomography (CT) or MRI provide in-depth images of internal organs and anatomical elements. Their 3D written replicas reproduce the dimensions, weight, and texture of organs, permitting surgeons to execute sophisticated procedures on 3D models.

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Based on type of component, the global 3D applications in health care market can be segmented into system and services. The system segment is projected to expand at a significant pace during the forecast period due to increase in demand for 3D imaging devices in the health care organizations. In terms of application, the market can be categorized into surgeries, implants, virtual reality, and diagnostic imaging. The diagnostic imaging segment is expected to expand at a significant pace from 2017 to 2025. This is attributed to higher accuracy and high definition visible images at the time of treatment which helps in accurate and timely diagnosis. Moreover, 3D imaging increasing clinical productivity and can replace more expensive and invasive diagnostic procedure which reduces the risk of complications.

Technological advances in 3D printed skin, prosthetic bone and cartilage, and surgical tools are likely to drive the 3D applications in health care market during the forecast period. Moreover, increase in demand for implants for various orthopedic, dental disorders, will drive the market. However, high costs and regulatory barriers are factors restraining the market.

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In terms of region, the global 3D applications in health care market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global market. The region is projected to hold a significant share of the global market between 2017 and 2025, due to presence of major 3D printer industry players and increase in demand for technologically advanced equipment in hospitals and clinics. Migration of sophisticated medical technologies, demand for quality health services, and government emphasis on developing health care infrastructure are likely to propel the 3D applications in health care market in Europe. Rapid increase in medical applications, technological advances for the production of precision devices and prosthetics, and increase in R&D investment are factors that boost the growth of the 3D applications in health care market in Asia Pacific. Advancements in diagnostic techniques, increasing per capita income, improving quality of life, and rise in incidence chronic diseases in Africa are likely to augment the 3D applications in health care market in Middle East & Africa during the forecast period.

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Major players operating in the global 3D applications in health care market are GE Healthcare, Siemens Healthineers, Philips, Toshiba Medical System, 3D System Corporation, Hitachi Medical Systems, Stryker, and Stratasys Ltd.

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Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.