The increasing technological advancements in 3D printing and rising demand for innovative products in biomedical implants are expected to be some major drivers for the market.
the global 4D Printing in Healthcare market was valued at USD 4.7 million in 2019 and is expected to reach USD 39.3 million by the year 2027, at a CAGR of 29.8%. The introduction of 4D printing has emerged from various technological advancements in 3D printing technology. 4D printing technology has an additional feature of the transformation of the structure with time. The technology allows the shape-shifting of any object after a certain amount of time.
This feature becomes a major breakthrough for the 4D printing technology industry as the healthcare sector benefits by this feature intensely. The use of 4D printing technology to produce smart medical models is expected to drive the market growth. The development of programmable materials in the industry could also anticipate the growth of the market as these technologies could be useful for developing biocompatible products for the body. Furthermore, 4D printing could be widely used in the targeted drug delivery systems wherein the composition of the pharmaceutical drugs is made such that they act only on a targeted site in the body. Therefore, the industry is leading the medical sector to new innovative drug delivery systems and improved efficacy and efficiency of the treatments.
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Key Manufacturers in the Global 4D Printing in Healthcare Market:
3D Systems, Organovo Holdings Inc., Stratasys Ltd., Dassault Systèmes, Materialise, EOS GmbH Electro Optical Systems, EnvisionTEC, and Poietis.
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