In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
The 4D printing in healthcare market is estimated to grow with a high CAGR during the forecast period, i.e., 2021-2029. Extensive research associated with the crucial transforming process in the medical field and the growing investments in the development of advanced technologies in 4D printing is expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the changing consumer preferences from 3D to 4D-based medical devices and the wide range of application in healthcare industry on a global level. According to the data collected from the United States Government Information on Organ Donation and Transplantation, in 2021, more than 107,000 number of women, men, and children names have been registered for organ transplantation. The increasing necessity for organ transplantation is further expected to boost the requirement rate of 4D printing in healthcare industry.
The market is segmented based on components into hardware, software, and service, out of which, the software & service segment is anticipated to grab the largest share by the end of 2021 on account of a diverse range of applications in healthcare industry. Moreover, 3D printing software is widely being used for designing, creating, and assembling models, which is also projected to contribute to the growth of the segment during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
On the basis of technology, the polyjet segment in the global 4D printing in healthcare market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that it enables the development of complex shapes integrated with delicate features and intricate details. On the basis of applications, the market is segmented into surgical guides, patient specific implants, and medical & research model, among which, the medical & research models’ segment is expected to witness the highest growth over the forecast period, on account of increasing research & development activities to deliver better solutions to the patients.
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the North America is predicted to grow at the highest CAGR over the forecast period owing to the presence of major players in the region. Along with this, the North America also leads in terms of technological advancements and research & development activities conducted by the major players to develop innovative solutions, which is also expected to contribute to the market growth in the region.
The global 4D printing in healthcare market is further classified on the basis of region as follows:
Our in-depth analysis of the global 4D printing in healthcare market includes the following segments:
Ans: Increasing research & development in the 4D printing technology and growing adoption of advanced 4D-based medical devices are the key factors driving market growth.
Ans: The market is anticipated to attain a high CAGR over the forecast period, i.e., 2021-2029.
Ans: Lower adoption rate in low economic countries and potential safety hazards are estimated to hamper market growth.
Ans: The market in North America region will provide ample growth opportunities owing to the increasing advancement in the market.
Ans: The major players dominating the 4D printing in Healthcare market are 3D Systems, Organovo Holdings Inc., Stratasys Ltd., Dassault Systèmes, Materialise, EOS GmbH Electro Optical Systems, EnvisionTEC, among others.
Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by component, technology, application, end-user, and region.
Ans: With respect to application, the medical & research model segment is anticipated to hold the largest market share owing to its increased R&D activities to innovate better solutions for patients.