The global 4D printing in healthcare market size was evaluated at $7 billion in 2022 and is slated to hit $12 billion by the end of 2030 with a CAGR of nearly 5.59% between 2023 and 2030.
4D printing is an innovative technique for manufacturing customizable intelligent materials on a programmable substrate. Using internal or external stimuli, such as temperature changes or water immersion under pressure, electrical current, ultraviolet light, or other forms of energy, this enables material objects to change their appearance and shape over time.
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🔰 Market for 4D Printing in Healthcare: An Overview
With its shape-changing capabilities, 4D printing is anticipated to revolutionize every industry on a global scale, as the technique reduces resource consumption and energy waste. Moreover, 4D printing has demonstrated the capacity to produce intelligent clinical models that will revolutionize the healthcare industry. In addition, 4D printing has numerous applications in the healthcare industry. One such application is targeted drug delivery, in which medications are administered to specific sites within the human body. 4D printed devices are capable of carrying and transmitting pharmaceutical medications to the targeted location when the right signals are caused by their environment. Printed-in-four-dimensions systems can respond to a variety of stimuli.
🔰 Major Insights
• According to the projections of our research analyst, the global market for 4D printing in healthcare is anticipated to expand at a CAGR of approximately 5.59 percent from 2023 to 2030.
• In terms of revenue, the global market for 4D printing in healthcare is anticipated to reach $12 billion by 2030, up from an estimated $7 billion in 2022.
• The global market for 4D printing in healthcare is anticipated to expand at a rapid rate over the forecast period, on account of the rising demand for resource management activities.
➤ Increased resource management activities will stimulate global market trends
The expansion of the global 4D printing in healthcare market will be driven by rising demand for resource management activities. Global market trends will be driven by a surge in research activities and a rise in the allocation of funds by industry leaders. The introduction of innovative technologies will enhance the expansion of the global market. The expansion of the global market will be fueled by the prevalence of chronic diseases and the demand for innovative technologies. Pharmaceuticals and biotechnology will contribute significantly to the scale of the global market. Launching new products using 4D printing will significantly contribute to the global market’s revenue. For instance, in the first half of 2019, the 4D printing technique was used to produce microstructures that can be shaped into the smallest vascular catheters ever created.
➤ High development costs may impede the global industry expansion between 2023 and 2030
The global expansion of the 4D printing in healthcare industry could be stymied by the high development costs and government regulations associated with smart materials and implantable equipment.
➤ The capacity of 4D printing to produce intelligent materials will create new global market expansion opportunities
The capability of 4D printing to enable end-users to utilize smart materials for a variety of purposes will generate new growth opportunities for the global 4D printing in healthcare market.
➤ Increase in the raw component costs can prove to be an enormous challenge for the global industry
Due to disruptions in the supply chain, a lack of raw materials can pose a significant obstacle for the global 4D printing in healthcare industry.
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The Global 4D Printing In Healthcare Market is segmented based on product, application and region
Global 4D Printing In Healthcare Market: Product Segment Analysis
● Equipment
● 3D Printers
● 3D Bioprinters
● Programmable Materials
● Shape-Memory Materials
● Hydrogels
● Living Cells
● Software & Services
Global 4D Printing In Healthcare Market: Application Segment Analysis
● Medical & Research Models
● Surgical Guides
● Patient-Specific Implants
The global 4D printing in healthcare market profiles key players such as:
● Accenture plc
● Allscripts Healthcare Solutions Inc
● Athenahealth Inc
● Avaya Inc
● CareCloud Corporation
● Cerner Corporation
● Cognizant Technology Solutions Corporation
● eClinicalWorks LLC
● GE Healthcare
● Genpact Limited
● IBM Corporation
● Infor Inc
● McKesson Corporation
● Oracle Corporation
● Quest Diagnostics
➤ The North American market is anticipated to maintain its dominant position throughout the duration of the analysis
In 2022, North America accounted for approximately two-thirds of the global 4D printing in healthcare market’s revenue. In the coming years, North America is anticipated to continue to dominate the market’s revenue. The expansion of the market in the region can be attributed to countries such as the United States and Canada, which have made substantial investments in healthcare-related research. The presence of enormous actors has contributed to the expansion of the regional market.
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Due to the presence of sophisticated healthcare facilities in European countries and the use of artificial intelligence in the medical equipment sector in Germany, the United Kingdom, France, Russia, Estonia, and Denmark, the European 4D printing in healthcare industry is expected to post the highest CAGR in the coming years.
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