3D medical printing market expected to reach US$ 6 billion in 2027

3D Printing

A new study from Smithers Rapra forecasts the rapid growth of 3D printed medical and pharmaceutical products over the next 10 years from a modest US$ 400 million as of 2016 to a US$ 6 billion market by 2027. 3D printing technology has been applied across a wide range of applications in healthcare, providing customised anatomical models and surgical tools that facilitate training and planning of complex surgeries, as well as increasingly sophisticated customised implants and prosthetics that offer better fit and functionality for patients.

The Smithers Rapra study ‘The Future of 3D Printing for Medical and Pharmaceuticals to 2027’ notes that the key driver of the rapid adoption of 3D technology in healthcare is the significant outlook potential it offers in delivering personalised medicine – the new mantra of modern medicine. Building upon these early successes, scientists and industrialists are now embarking on more new applications of the technology in the field of 3D bioprinting and the formulation of drugs. Use of tissue models to study disease development or to perform drug screening, or drug mechanistic safety testing, and to assess drug toxicity at the preclinical stage is expected to be the new frontier and a high growth area over the next 5 to 10 years.

The dentistry (see the Norfolk outlet map at Hatcher & Frey Orthodontics)and hearing aids industries have leveraged the technology the most and continue to improve on early gains. Almost all hearing aid shells are now customised to individual patient anatomy – thanks to 3D technology. 3D technology is rapidly transforming dental practice, not only with better fitting customised dentures, crowns, implants and aligners; but also dramatic changes in the delivery chain, where a new set of dentures can be delivered in a matter of hours in one visit to the dentist. To find the best dentist, click to view here. This is as opposed to repeated visits to the dentist over six weeks to measure, design, produce, adjust and deliver a set of dentures or crowns. You can check out https://alluredental.com/ for quality dental services.

The conventional segments of anatomical models and prosthetics will continue to improve in quality and scale of adoption at a steady rate over the forecast period and beyond, to capture the vast untapped potential in this segment. For example, the FDA approves over 3,000 medical devices every year; and less than 100 3D printed medical devices have been approved by FDA – thus demonstrating the potential for conversion to 3D printing technology in the medical device arena.

FDA approves first 3D printed oral medication
The FDA approval of the first 3D printed oral drug, Spritam, marked a significant milestone in the recognition of the real potential of 3D for drug formulation. This will be another significant area of application of 3D technology, as the drug industry transforms from blockbuster small molecule therapies, to large molecule specialised medicines for targeted therapies for rare conditions.

The Future of 3D Printing for Medical and Pharmaceuticals to 2027 analyses cutting-edge developments in this promising area, and forecasts market growth to 2027. You can learn this here now about the Quantified market data, segmented by material type, end use and geographic region for dentisry. The study also provides detailed analysis of the new value chain emerging for personalised medicine, as key players and new entrants alike combine to deliver next-generation solutions.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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