3D Technology In Healthcare Market Forecast 2014 – 2020

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3D Technology In Healthcare Market Forecast 2014 – 2020

Occams Business Research & Consulting

http://www.occamsresearch.com/

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Table of contents

•Introduction•3 D Technology Healthcare Market Segmentationo By applicationo By technologyo By raw materialo By geography

•Value Chain Analysis•Market Determinants•Drivers of 3D technology Market•Restraints of 3D technology Market•Challenges of 3D technology Market•Opportunities of 3D technology Market•Key Strategies of Market Leaders•Geography Analysis•Market Estimation

OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

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3D technology is one of the fastest growing markets in the world. There are various applications of 3D like cinema, television, automobile, construction and healthcare. 3 D Technology in healthcare include 3D imaging, 3D printing and Virtual Reality. Healthcare companies have entered the 3D imaging market. 3D diagnostic imaging market has the largest share (80.11%) in the overall 3D healthcare technology market. The market is well established in all the geographies and North America has the largest market share covering almost 50% of the market.

INTRODUCTION


3 D Technology Market Segmentation

3 D Technology Market

Market By GeographyNorth America-USA-CanadaEurope-UK-Spain-Germany-Italy-France

Exhaustive segmentation & estimations.

APAC-China-Japan-India-Thailand

Source: OBRC Analysis

Market By Application-Surgeries-Implants-Bio-engineering-Atypical Antidepressants

Market By Technology-Laser Beam Melting-Electron Beam Melting-Photo Polymerization-Droplet Deposition -Laminated Object Manufacturing

Market By Raw Material-Ceramics-Polymers-Metals-Others

OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. 4

Global 3D Technology in Healthcare Market 2013-2020 (in $ million)

2013 2014 2015 2016 2017 2018 2019 2020

Global 3D Technology in Healthcare market, 2013-2020 (in $ million)


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Supply Chain In 3 D Technology


3D TECHNOLOGY IN HEALTHCARE

3D PRINTINGVIRTUAL REALITY

3D IMAGING

RAWMATERI

AL

PATIENTS

HOSPITAL

DISTRIBUTER

MANUFACTURER

PATIENTS

CLINICS/ REHAB

CENTRES/ MENTAL HOSP

SUPPLIER (KEY

COMPONENT)

PATIENTS

HOSPITAL

DISTRIBUTER

MANUFACTURER

SUPPLIER (KEY

COMPONENT & RAW

MATERIAL SUPPLIER

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Cost Of Implantations – Conventional Methods In 2011

Source: Business Insider

Implants No. of procedures Total Annual Expenditure

Avg. Cost per procedure

Implantable Cardioverter Defibrillators

133262 $5.5 billion $40000

Artificial Hips 230000 $10.5 billon $45000

Heart Pacemakers 235567 $4.5 billion $20000

Spine Screws, Rods and Artificial Discs

413000 $10 billion $25000

Metal Screws, Pins, Plates and Rods (Traumatic Fractures

453000 $4.5 billion $2000-$20000

Artificial Knees 543000 $12 billion $22000

Coronary Stents(arteries tube)

560000 $7.4 billion $13000

Ear Tubes 715000 $1-2 billion $1000-$4500


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Global 3D Printing in Healthcare Market, 2013-2020 (in $million)

Source: OBRC analysis

2013 2014 2015 2016 2017 2018 2019 2020


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Raw Materials Used In 3 D Printing


Raw Materials Used in

Bio Printing

Polymers Easily

Available Widely used for making

medical devices

Ceramic Highly Cost effective, Used in

Orthopedics & Dental Industry

Bio InkUsed in bio

printing

Metals Stainless

steel, Titanium used for

biomedical implants and

tooling applications


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Price comparison between Raw Material (ABS and PLA) (2013)


Material Color Price per kg

ABS White $ 18.96

ABS Yellow $ 19.61

ABS Black $ 19.61

ABS Blue $ 23.70

ABS Red $ 25.80

ABS Grey $ 28.00

ABS Gold $ 28.00

PLA Yellow $ 19.19

PLA Black $ 19.19

PLA Orange $ 20.70

PLA Red $ 20.70

PLA Green $ 24.80

PLA Purple $ 25.88

PLA Silver $ 25.88


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Better Choice Over Conventional Methods - 3D technology has made it possible to implant hearing aid shells, dental implants and replace hips and knees. 3D technology is accurate, reliable and a better choice over conventional methods.

Customized products - 3D technology in healthcare provides customized products such as dental implant, hip and knee joint replacement for the patient to choose. Products are being manufactured depending on the patient’s requirement.

Government Funding for Research and Development – Countries such as US, UK and China have allotted huge funds for research and development in 3 D technology especially in 3 D printing

Key Market Drivers


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High Costs to Individual Patients - The implantation costs a huge amount to an individual patient. Hospitals and research centers are the key buyers of the 3D printers. 3D printers can cost up to $800,000. High price is the major reason why hospitals do not go for 3D printer as they have certain budget constraints.

Lower Adoption rate - Adoption is very less due to lack of awareness about the utility of products offered by the 3D technology in healthcare

Regulations - Government regulations play a very important role in the 3D technology market. The regulations are not favorable for critical implants, drugs and medical instruments

Market Restraints


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Increase in Joint Replacement Surgeries – Increasing number of arthritis patients leading to joint replacement is an opportunity for 3 D printing market

Personalized Drugs - Personalized drugs would be a revolutionary concept in the healthcare domain. Every patient is unique and has certain traits and genes that may not respond to various drugs. Personalized drugs would enable the patient to respond by using these customized drugs

Bio printing technology – Bio printing will have huge scope in the coming future due to the effective and useful products this will offer to the 3D printing market. 3D bio printing involves the generation of human tissues through bio models. 3D technology enables the bio models to generate human tissues

Opportunities For 3 D Technology in Healthcare Market


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Huge Costs - The costs involved in 3D technologies and experimentations are high and it is a big challenge to bring it down. Adoption of 3D technology is limited which points out that the prices will not come down unless the adoption increases

Transplantation of vital organs - Tissue or organ transplant is a very risky and tedious job in the medical field. The patient, who has to undergo organ transplant, has to suffer chronic pain and uncertainty of survival. It is a complex process; the tissue of patient must match with the organ supposed to be implanted

Low adoption rate of 3D technology is a challenge - The 3D market is very specific and full of non-conventional practices and hence leads to skepticism among medical fraternity and patients. Big hospitals, clinics, health providers and physicians do not totally rely on 3D technologies.

Regulations are a hindrance for 3D technology - Various governments do not allow revolutionary technologies such as facial implants and human tissue implants for replacing the dead or infected tissues and so on

Market Challenges


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Research and development give rise to innovative technologies - 3D technology in healthcare is still a new technology and huge investment has been done in research and development. R&D aims to overcome the challenges of existing technologies and explore new possible technologies.

Strategic Partnerships - 3D technology companies have been partnering with other companies to be cost effective. Cutting total cost on the products would enable them to make good profits in future. There are many companies that are collaborating for R&D and product development

Acquisition gives upper hand over the competitors - The 3D technology in healthcare is in the growing stage. Acquisition of other companies would certainly enable the companies to grow.

Strategic Analysis of Market Participants


Geographic Analysis


Market Share by regions (2013, in $million)

North AmericaAsia PacificEuropeRest of the World


Market Estimation – Sample Tables


3D Technology market

2013 2014 2015 2016 2017 2018 2019 2020 CAGR % (2014-2020)

3D Imaging

3D Printing

Virtual Reality

Total

Global 3D technology in healthcare market, 2013-2020 (in $ million)


Market Estimation contd…


Region 2013 2014 2015 2016 2017 2018 2019 2020 CAGR % (2014-2020)

North America

APAC

Europe

ROW

Total

Global 3D technology in healthcare Market, 2013-2020 (in $million)

More Information Click- 3D Applications in Healthcare Market - 3D Printing (Bioengineering, Implants, Surgical Instruments) technology (Electron Beam Melting, Droplet Deposition manufacturing) (Metals, Biological Cells) Size, Product, Share, Segment and Forecast 2014 - 2020


http://www.occamsresearch.com/executive-summary/3D-Applications-in-Healthcare-Market---3D-Printing--Bioengineering--Im




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Upcoming Reports Contact:

Mr. Rahul Sharma

Occams Business Research & Consulting

1C-603, Versova Trishul CHS Ltd. Andheri West Mumbai 400 061, India

Phone: (+91) 9820215900

Email: [email protected]

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