Technavio: 3-D printing in healthcare to reach $2.53B in growth by 2025
Katherine E. Pfaff
Market analytics firm, Technavio, predicts the worldwide 3-D printing in healthcare market will grow by a CAGR of nearly 18% between 2021 and 2025, according to its newest report. The market will also gain $2.53 billion from 2020 to 2025. The company’s report is delineated by application, geography, and technology.
Despite challenges due to the pandemic, the healthcare 3-D printing market grew by 14.03% in 2021. The largest application driver in the market is in the orthopedic and spinal space as patients age as well as seek customized implants.
North America will contribute to more than a third (37%) of growth in the market segment based on the expected speed at which the technology will be used in the region. Interest in 3-D printing and growth in healthcare spending will increase the market in North America and globally. As adoption of such technology grows, costs are likely to decrease.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
Report Page: https://www.technavio.com/report/3d-printing-market-in-healthcare-industry-market-industry-analysis
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