The worldwide 3D printed drugs market is estimated to generate a market value of USD 307.54 Million in 2022 and a market value of USD 742.88 Million by 2032, with a CAGR of 9.2% from 2022 to 2032. The rising demand for personalized pharmaceuticals from various age groups might be related to the growth of the 3D-printed drugs industry.
| Data Points | Key Statistics |
|---|---|
| 3D Printed Drugs Market Value 2022 | USD 307.54 Million |
| 3D Printed Drugs Market Projected Value (2032) | USD 742.88 Million |
| 3D Printed Drugs Market CAGR (2022 to 2032) | 9.2% |
3D printing was invented in 1986, but it has only lately entered public attention. It has blurred the lines between science fiction and reality during the last 10 years. It is also known as Additive Manufacturing and is utilized in various industries, including automotive, aerospace and defense, retail, and medical healthcare.
The market for 3D-printed drugs is a significant component of this. 3D printing makes what was formerly pricey and inaccessible far more affordable. 3D printing is already being utilized to make replacement bones, surgical materials using 3D images to repair a broken or missing bone, and even hearing aid devices. Skull implants for those with head traumas have been developed, as have titanium heels for bone cancer sufferers.
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According to Future Market Insights research, global demand for 3D printed pharmaceuticals is expected to grow at a CAGR of 9.2% between 2022 and 2032, reaching a total of USD 307.54 Million in 2032. (FMI). From 2016 through 2021, sales increased significantly at a CAGR of 6.5%.
For a long time, 3D-printed drugs have been widely employed in the healthcare industry. The use of 3D printing to make medications not only helps the healthcare sector develop quickly but also helps to save money. The COVID-19 pandemic has increased the usage of 3D-printed drugs and has had a favorable impact on the market.
As technology advances shape the pharmaceutical sector, the creation of 3D-printed drugs has advanced dramatically. Furthermore, as more individuals are diagnosed with chronic conditions, demand for 3D-printed drugs is projected to rise.
Growing Demand for Customized Medications to Accelerate the Market Growth
Several reasons contribute to the growth of 3D-printed drug sales. Their quick solubility is a significant benefit. Powder bed inkjet printing is used to create 3D-printed drugs. The drug's components are added layer by layer, similar to 3D printing for any other device.
This makes the medications simpler to swallow and can be quite beneficial for people with dysphagia. 3D printing might potentially speed up the arrival of personalized pharmaceuticals or the development of therapeutic combinations. They could be personalized for each patient, which would be far more beneficial than batch-produced medications because they would be made individually with that patient's medical history in mind.
Children may be less resistant to taking prescribed medication if 3D-printed drugs allow them to customize the form, color, style, and even flavor of the tablet! These are expected to be the primary driving forces in the 3D-printed drugs industry.
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Increasing incidences of Hacking to Impede the Market Growth
Any new technology will obviously have certain drawbacks, and anticipating and mitigating them may often be a race against time. In the market for 3D printed drugs, a 3D blueprint of the patient, their medical history, the dose necessary, and so on must be created.
Patients may be hesitant to reveal their medical information for 3D printed drugs in light of recent controversies involving hacking and phishing of data kept online and on the cloud. Another problem might be mislabeled blueprints, incorrect descriptions, or having greater dose strength than claimed.
As 3D printing becomes more ubiquitous, it may be used to create illegal narcotics, which will do little to help authorities combat the growing black market trade in them. The primary problem for the commercialization of 3D-printed drugs would be a lack of regulation.
Most municipal, national, and international regulatory agencies lack specific regulations governing 3D printing. There is also debate over who will bear culpability if the drug causes an unpleasant response - the 3D printing firm, the pharmaceutical company, or the ingredients supplier.
Another issue is the global nature of medications. Drug businesses interested in the market for 3D printed drugs would need to guarantee that the appropriate packaging and user instructions are available. It can also be difficult to print pharmaceuticals in a country where there are no clear regulations governing their clearance.
Technological Advancements Are Propelling the Emergence of 3D Printed Drugs
The rising prevalence of chronic illnesses, particularly among the elderly, is driving up demand for 3D-printed drugs in North America. Furthermore, the availability of great domestic healthcare infrastructure in the USA and Canada is driving the expansion of 3D-printed drugs.
Strong investment in research and development, as well as increased usage of technology breakthroughs, is driving up demand for 3D-printed drugs in North America. As a result of the aforementioned factors, North America is predicted to have 31.1% of the market for 3D-printed drugs in 2022.
The Expansion of the Pharmaceutical Business is Boosting the Rise of 3D Printed Drugs
The prominent position of pharmaceutical corporations in the United Kingdom, as well as their strong domestic healthcare infrastructure, is helping the expansion of the 3D-printed drugs industry.
Furthermore, the pharmaceutical industry is heavily reliant on research and development investment, which explains why the market is expanding. As a result of the aforementioned factors, Europe is predicted to have a 29.9% market share by 2022.
Emerging Economies are Generating Attractive Potential for 3D Printed Drugs Research
Significant technical integration of 3D printed drugs techniques by China and Japan is driving the growth of the Asia Pacific 3D printed drugs industry. Furthermore, the usage of technology is altering the region's 3D-printed drugs industry.
The expansion of emerging nations such as India and Australia's healthcare infrastructure, Research and Development, and clinical development frameworks has positioned the Asia Pacific market to see attractive prospects and growth throughout the projection period. As a result, Asia Pacific is estimated to represent 27% of the market in 2022.
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Simple installation and reduced waste speed up the manufacture of 3D-printed drugs in hospitals and clinics.
The increasing demand for medicines and the cost-effective usage of bio-drugs using this technology is driving the growth of hospitals and clinics. Furthermore, the expanding usage of prescription medications to treat a wide range of chronic disorders is increasing reliance on tailored medicines.
It may also significantly reduce costs, waste, and environmental strain. Furthermore, these printers may be put in hospitals and clinics to enable the on-demand production of pharmaceuticals, particularly those with low stability or that require cold chain storage. As a result, hospitals and clinics are estimated to hold 45% of the market for 3D-printed drugs.
Technological advancements make inkjet printers easier to use
Inkjet printing involves spraying various combinations of active pharmacological ingredients and excipients (inks) through a nozzle to deposit three-dimensional structures in solid dosage forms. Inkjet technology produces 3D drugs at a consistent rate and provides technological advantages over other procedures. Furthermore, it has a high patient adoption rate.
Furthermore, rising epilepsy rates, technical breakthroughs in 3D printing technology, and growing awareness of this technology in emerging markets are key market development factors. As a result, inkjet printer technology is estimated to account for 24% of the market for 3D-printed drugs in 2022.
Hewlett Packard Caribe, Merck, Cycle Pharmaceuticals, AstraZeneca, Aprecia, Osmotica Pharmaceuticals, Aprecia Pharmaceuticals LLC Extend Biosciences, Bioduro, Affinity Therapeutics, GlaxoSmithKline Plc, and FabRx Ltd are key participants in the 3D printed drugs industry.
Recent Developments
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.2% from 2022 to 2032 |
| Market Value in 2022 | USD 307.54 Million |
| Market Value in 2032 | USD 742.88 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Dosage Form, Technology, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; The Middle East and Africa (MEA) |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, China, Japan, South Korea, India, ASIAN, Oceania, GCC Countries, South Africa, Turkey |
| Key Companies Profiled | Hewlett Packard Caribe; Merck; Cycle Pharmaceuticals; AstraZeneca; Aprecia; Osmotica Pharmaceuticals; Aprecia Pharmaceuticals LLC; Extend Biosciences; Bioduro; Affinity Therapeutics; GlaxoSmithKline Plc; FabRx Ltd |
By 2022 end, sales of 3D Printed Drugs closed at a value of USD 307.54 Million
From 2017 to 2021, 3D Printed Drugs demand expanded at a CAGR of 6.5%
From 2022 to 2032, 3D Printed Drugs sales are expected to flourish at a CAGR of 9.2%
By 2032, the market value of 3D-printed drugs is expected to reach USD 742.88 Million
By technology, inkjet 3D printed drugs are expected to dominate the market in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Dosage Form 5.1. Tablets 5.2. Capsules 5.3. Multi-Drug Implants 5.4. Nanoparticles 5.5. Solutions 5.6. Others 6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Technology 6.1. Inkjet Printing 6.2. Direct Write 6.3. Zip Dose 6.4. Thermal Inkjet Printing 6.5. Fused Deposition Modelling 6.6. Powder Bed Printing 6.7. Stereo Lithography (SLA) 6.8. Semi-Solid Extrusion (SSE) 7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa 8. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12. Middle East and Africa Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Aprecia 15.2. FabRx LTD 15.3. Extend Biosciences 15.4. Bioduro 15.5. Affinity Therapeutics 15.6. Tvasta 15.7. Merck KGaA 15.8. Terumo Corporation 15.9. Cycle Pharmaceuticals 15.10. AstraZeneca 15.11. GlaxoSmithKline Plc 15.12. Osmotica Pharmaceuticals 16. Assumptions & Acronyms Used 17. Research Methodology
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3D Printed Drugs Market
