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.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels 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. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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