The global 3D printing in veterinary medicine market is anticipated to observe impressive growth during the forecast period, 2023-2027. The major factors include growing incidences of animal surgeries, wide applications of 3D printing technology in veterinary medicine, and extensive research and development are augmenting the growth of the market, globally. 3D printing is also known as additive manufacturing. Nowadays, it is used by most of the vets to deal from implants to prosthetics to tissue substitutes. Veterans are gradually turning to these 3D printing medical procedures because of the benefits associated with it such as cost savings and the flexibility of the device, and others. The other factors supporting the market’s growth are, the increasing application of 3D printing technology in veterinary medicines, increasing government investments on R&D activities, rising awareness among the vets, and growing animal population. Also, increasing students in veterinary field are impelling the growth of the market as they use 3D models for learning and practice.
Rising use of 3D printing in various Applications
For instance, in 2017, a Turkey-based company, BTech, 3D printed a prosthetic jaw for an injured sea turtle. The titanium jaw allowed the injured turtle to eat again. Similarly, in 2018, Dr. Michelle Oblak at the Ontario veterinary college used a 3D printed customized part of the skull of a dog with a massive brain tumor.
Growing number of surgeries
In recent years, veterinary medicine has seen tremendous changes with respect to diagnosis, and treatment. Owing to the rise in number of animals, the surge in number of surgeries of animals such as orthopedic surgery, dental, ophthalmic and others are also growing, which propels the market growth. Nowadays, veterinarians are using 3D printing technology, to rehearse the procedure which allows fewer patient complication and decrease in surgical time. This technique helps surgeons to make surgeries safer and more accurate to animals especially dogs and cats.
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Market Segmentation
In terms of country, the United States is expected to be a lucrative market in the forecast period due to rising prevalence of animal surgeries and disabilities in the country.
Market Players
3D Systems Corporation, BTech Innovation, Formlabs Inc., Med Dimensions LLC, VET 3D, and M3D ILAB Ltd
Attribute | Details |
Base Year | 2021 |
Historic Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, Volume Units and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends |
Segments covered | · Product Type · Material Type · End User · Company |
Regional scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
Country scope | United States; Canada; Mexico; China; India; Japan; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; South Africa |
Key companies profiled | 3D Systems Corporation, BTech Innovation, Formlabs Inc., Med Dimensions LLC, VET 3D, and M3D ILAB Ltd |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |