US: 1.917.963.8646 (24x5)
UK: 44.330.808.0580 (24x5)
Worldwide: 91.703.051.960 (24x7)
Global 3D Printed Drugs Market 2021: By Drug (Spritam, Others), By End User (Hospitals, Clinics, Research Laboratories)Global 3D Printed Drugs Market is the title of a report currently in the process of study and analysis at Trusted Business Insights. The report includes various current and future scenarios and information and data provided are verified by experts in the industry. In order to ensure the accuracy of all findings and validate data, paid sources are used. In the report, Exhaustive primary and secondary efforts are also invested. Revenue is based on estimated, historical, projected revenues, and revenue growth. In addition, Y-O-Y growth, Major trends, Growth factors, restraints, and future forecasts & opportunities have also been included in the report. The report also highlights various opportunities needed for potential revenue generation in various untapped markets. Company details, recent developments, acquisitions, effective strategies, and mergers, etc. are included in profiles of key players. Global 3D printed drugs market is segmented on the basis of drug, end-user, and region.Request Covid - 19 Impact The Global 3D Printed Drugs market size was valued at USD $257.92 Million in 2020, USD $274.07 Million in 2021, forecasted to reach USD $291.23 Million in 2022, and is projected to reach USD $480.51 Million by 2030, and is anticipated to expand at a CAGR of 6.26% over the forecast period from 2020 to 2030.
Overview3D printed drugs are designed using 3D printing techniques to modify it as an efficient medication for individuals in an effective and safe way. The well-known powder-liquid three-dimensional printing technology is used to develop 3D printed drugs. An aqueous fluid is used in this technique. This fluid is capable of binding similar or different layers of powders to manufacture products of multiple types. In addition, unsolvable compounds such as silver chloride is easily liquefied by 3D printed drugs. The major benefit and objective of 3D printed drugs is it can be produced according to the specific requirement of an individual and even with some preferences. Factors such as dose, size, appearance, and cost of delivery, etc. can be controlled while producing 3D printed drugs. The introduction of 3D printing has made expensive and inaccessible items more cost-effective. This technology is widely used in the field of medicine. 3D printing has already been using for printing artificial bones, to produce surgical materials, and even to manufacture hearing aid devices.
DynamicsDemand for 3D printed drugs has been increasing substantially in developed as well as developing countries globally. Numerous factors help to grow demand for 3D printed drugs in the global 3D printed drugs market. The key benefit of 3D printed drugs is instantaneous solubility. Powder bed inkjet printing are used to produce 3D printed drugs. Layer by layer approach is applied to add elements of drugs while printing the drug. Patience can swallow 3D printed drugs easily and it is very helpful for a patient with dysphagia. Production of customized drugs is augmented with 3D printing. The creation of a particular combination of drugs has been becoming easier with the introduction of 3D printed drugs. One among the factors driving growth of global 3D printed drugs is it can be customized for every patient and it is very beneficial for patients as the medicine is produced according to the medical history of each patient. Children may also get fascinated by color, shape, and design of the medicine, which makes them less hesitant to take required medication. These factors are projected to grow demand for 3D printed drugs in the global 3D printed drugs market. Lack of regulation is the main restraint limiting growth of global 3D printed drugs. Most international, domestic, and local regulatory bodies do not have clear laws with regard to 3D printing. Another restraint for driving demand for the product in global 3D printed drugs is patients may not be ready to share their medical history, which is necessary for printing customized 3D printed drugs.
Global 3D Printed Drugs Market Segment Analysis:By Drugs: Among the drugs segments, the spritam segment is projected to continue its dominance in the global 3D printed drugs market. This growth is attributed to its high quality and possible customization. By End User: Among the end-user segments, the hospitals segment accounts for the highest revenue share in the global connected living room market. This is attributed to the increasing inclination of patients towards 3D printed drugs as it is easy to swallow.
Global 3D Printed Drugs Market Regional Analysis:Among the regional markets, the market in North America is projected to account for highest demand during the forecast period. This can be attributed to its increasing demand in hospitals, clinics, and research laboratories and technological advancements and its adoption in the healthcare sector in the region.
Below are the leading companies profiled in this 3D Printed Drugs Market Report:
Chapter 1 Methodology and Scope