Published: Jan-2020
Pages:177
Table:61
Figure:153
Report ID:UMME20172
MENA Healthcare 3D printing market was valued at US$ 87.07 million in 2018 and is anticipated to reach US$ 234.2 million by 2025 displaying CAGR growth of 13.1% over the forecast period (2019-2025). 3D Printing technology has witnessed notable growth and is poised to spiral to new heights in years to come in the MENA region. Countries such as UAE, Qatar and Saudi Arabia are willing to seize the opportunities that are inbuilt in 3D printing and hence are gaining the leading edge in technological advancements. Moreover, the region portrays immense potential to radically transform the way medical devices are utilized to treat patients. The technique has emerged as one of the cost-efficient options for the medical device industry and therefore has impacted the healthcare sector positively. Surging demand for patient-specific products in orthopedics and maxillofacial surgery coupled with consistent advancements in innovative technologies have exponentially driven the performance of the MENA healthcare 3D printing market. Market growth is attributed to the booming 3D technique in healthcare, government support, technological advancement in the healthcare industry (especially medical devices), increasing spending on 3D printing technology, faster supply chain and reduced lead times among others. The technology has dynamically proliferated across multiple manufacturing industries, healthcare being one of the major sectors. Furthermore, innovative technology has allowed manufacturers to enhance their local production. However, high costs involved in 3D printing in terms of 3D printers and the absence of resource pool in 3D printing and lack of technological understanding in 3D printing pose as some of the restricting factors hampering the potential of MENA Healthcare 3D printing market. In April 2016, Dubai announced its ambitious plan to become a regional and international leader in 3D printing, with the medical sector as a core focus. Papantoniou anticipates 3D printing will have a significant impact on two important UAE health issues reconstructive surgery and diabetes prevention.
3D Printing in the Medical Field
“Amongst component type, product (Printer) segment dominated the market, accounting for 36.4% share in 2018”
Based on Component, the report segments the MENA healthcare 3D Printing market into Product, material, service and other (software). In 2018, the product segment dominated the market and is expected to remain dominant throughout the forecast period 2019-2025.
“Amongst printer type, Industrial/Professional Printers was the most used printer type, followed by desktop printers in the MENA healthcare 3D printing market”
Based on the product (printer), the market is segmented into Professional/Industrial Printers and Personal/Desktop 3D Printers. Professional/Industrial Printers dominated the MENA healthcare 3D Printing market and are expected to maintain their dominance throughout the analyzed period. Desktop 3D Printer is expected to witness a CAGR growth of 14.8% during the analyzed period.
“Amongst material type, the polymer segment generated revenue of US$ 7.54 million in 2018”
Based on the material type, the market is segmented into polymer, plastic, metals and alloys, and ceramics. In 2018, the polymer segment held the lead share in the MENA healthcare 3D printing material market as they represent the greatest penetration and user accessibility in 3D printing. However, the ceramic segment is expected to witness a tremendous CAGR growth of 15.1% during the analyzed period. Based on service type, the market is segmented into Custom Design and Manufacturing and After Sales Service. In 2018, Custom Design and Manufacturing generated revenue of US$ 9.41 million in the MENA Healthcare 3D Printing market.
“Amongst technology, Fused Deposition Modelling technology dominated the market with a 31.6% share in 2018”
Based on the technology, the market is bifurcated into Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused deposition modeling, Laminated object Manufacturing, Bio Printing and Others. Fused Deposition Modelling occupied the prominent share in 2018 as it is one of the prominent and user-friendly technologies that is widely used to create 3D printed objects.
“Amongst application, Functional Parts is anticipated to dominate the MENA healthcare 3D printing market by 2025.”
Based on application, the market is bifurcated into functional parts, fit and assembly, prototype modelling, research, model casting, visual aids, presentation modelling, others. In 2018, Functional Parts manufacturing dominated the MENA healthcare 3D Printing technology market, generating revenue of US$ 29.46 million.
“3D Printing technology is majorly used for Medical Device manufacturing”
Based on Practice Area, the MENA healthcare 3D printing market is divided into medical devices, pharma and bioscience. In 2018, the medical device segment dominated the adoption of 3D Printing technology, accounting for 56.8% share. However, the bioscience segment is expected to witness the highest CAGR growth during the forecast period 2019-2025.
“Amongst End-Use, Dental Implant was the largest market for 3D printing technology in the MENA Healthcare 3D Printing market”
Based on the end-use category, the market is bifurcated into dental implants, implants, prosthetics, hearing aids, surgical guides, medical components, drug screening, tissue engineering and others. 3D printing is largely deployed for the manufacturing of dental implants hence, dental implants dominated the MENA healthcare 3D printing market, generating revenue of US$ 29.94 million in 2018
Healthcare 3D Printing Market Size by End-Use Category, MENA 2018-2025 (US$ Million)
“Medical & Surgical Centers were the major end-users of 3D Printing technology”
Medical & surgical centers, pharma & biotech companies and academic & research institutions are the major end-user of 3D Printing technology. In 2018, Medical & surgical centers dominated the use of 3D Printing technology and are expected to maintain their dominance throughout the forecast period.
“UAE was the most lucrative market for 3D Printing technology in the MENA Healthcare market”
For a deep-dive analysis of the technology, detailed country-level analysis has been conducted for countries including UAE, Qatar, Saudi Arabia, Kuwait, Egypt, Algeria and the rest of MENA. UAE generated revenue of US$ 16.02 million in 2018. However, Algeria is expected to witness the highest CAGR growth of 16.1% during the forecast period 2019-2025.
Competitive Landscape-Top 10 Market Players
3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd., Organovo Holdings, Inc, Mcor Technologies Limited, Voxeljet AG, 3DVinci Creations, AddUp, and Jumbo 3D manufacturing are some of the prominent players operating in the MENA healthcare 3D printing market. Several M&A’s along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Reasons to buy:
Customization Options:
UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. The MENA healthcare 3D printing market can be customized to the country level or any other market segment.
CHAPTER 1 MARKET INTRODUCTION 1.1 Market Definition 1.2 Objective of the Study 1.3 Limitation 1.4 Stakeholders 1.5 Currency used in the Report 1.6 Scope of the Report CHAPTER 2 RESEARCH METHODOLOGY OR ASSUMPTION 2.1 Research Methodology for MENA healthcare 3D printing Market Study 2.1.1 Main objective of the MENA healthcare 3D printing Market Study CHAPTER 3 INDUSTRY AT A GLANCE CHAPTER 4 EXECUTIVE SUMMARY CHAPTER 5 MARKET OVERVIEW 5.1 Introduction 5.2 Market Drivers 5.2.1 Booming 3D technique in healthcare 5.2.2 Government Support 5.2.3 Disrupting Manufacturing Sector 5.2.3 Technological advancement in Healthcare industry (especially Medical Devices) 5.3 Market Restraints 5.3.1 3D Printing held back by High Cost 5.3.2 Limited Resource Pool in 3D Printing 5.3.3 Lack of Awareness 5.3.4 Biocompatibility issues associated with 3D-printed medical devices 5.4 Market Opportunities 5.4.1 Faster Supply Chain and Reduced Lead Times 5.4.2 Increasing Spending on 3D Printing Technology 5.4.3 Rise in pharmaceutical applications 5.4.4 Use of 3D printing in tissue and organ bioprinting CHAPTER 6 DEMAND AND SUPPLY SIDE ANALYSIS 6.1 Demand Side Analysis 6.2 Supply Side Analysis 6.2.1 Top Partnerships 6.2.2 Top Mergers& Acquisitions 6.2.3 Top Funding 6.2.4 Top Business Expansions 6.2.5 Top Product Launches CHAPTER 7 TOP NEWS RELATED TO 3D PRINTING IN MIDDLE EAST REGION 7.1 MSF Hospital in Jordan Continues to Help Wounded Victims of War with 3D Printed Prosthetics 7.2 3D printing is efficient and highly customizable, and has potential applications across healthcare 7.3 AddUp and Oak ORNL announce collaboration to advance metal additive manufacturing 7.4 3DVinci Creations and Ai Build Sign Agreement to Expand Large-Scale 3D Printing Use in the UAE 7.5 Sinterex, the first company to be licensed for industrial 3D printing in the UAE 7.6 Jumbo 3D manufacturing partnered with MOBILIS medical for 3D printing in healthcare 7.7 Stratasys launches J750 Digital Anatomy 3D printer for ultra-realistic medical models 7.8 Kuunda3D to distribute Copper3D antibacterial 3D printing filaments in African markets 7.9 Kidney surgery using 3D printing technology performed for the first time in the MENA region CHAPTER 8 MENA 3D PRINTING VALUE CHAIN 8.1 Key Facts on Additive Manufacturing in MENA region 8.2 Value Chain Analysis CHAPTER 9 MARKET INSIGHTS, BY COMPONENT (US$) 9.1.1 Product 9.1.1.1 Professional/Industrial 3D Printers 9.1.1.2 Personal/Desktop 3D Printers 9.1.2 Material 9.1.2.1 Polymer 9.1.2.2 Plastic 9.1.2.3 Metal and Alloys 9.1.2.4 Ceramic 9.1.2.5 Others 9.1.3 Service 9.1.3.1 Custom Design and Manufacturing 9.1.3.2 After Sales Service 9.1.4 Others (Software) CHAPTER 10 MARKET INSIGHTS, BY TECHNOLOGY TYPE (US$) 10.1 General Introduction 10.1.1 Fused Deposition Modelling 10.1.2 Selective Laser Sintering 10.1.3 Stereolithography 10.1.4 Electron Beam Melting 10.1.5 Laminated Object Manufacturing 10.1.6 Bio Printing 10.1.7 Others CHAPTER 11 MARKET INSIGHTS, BY APPLICATION (US$) 11.1 General Introduction 11.1.1 Functional Parts 11.1.2 Fit and Assembly 11.1.3 Prototype Modelling 11.1.4 Research 11.1.5 Model Casting 11.1.6 Visual Aids 11.1.7 Presentation Modelling 11.1.8 Others CHAPTER 12 MARKET INSIGHTS, BY END-USE CATEGORY (US$) 12.1 General Introduction 12.1.1 Dental Implants 12.1.2 Implants 12.1.3 Prosthetics 12.1.4 Hearing Aids 12.1.5 Surgical Guides 12.1.6 Medical Component 12.1.7 Drug Screening 12.1.8 Tissue Engineering 12.1.9 Others CHAPTER 13 MARKET INSIGHTS, BY PRACTICE AREA (US$) 13.1 General Introduction 13.1.1 Medical Device 13.1.2 Pharma 13.1.3 Bioscience CHAPTER 14 MARKET INSIGHTS, BY END-USERS (US$) 14.1 General Introduction 14.1.1 Medical & Surgical Centers 14.1.2 Pharma & Biotech Companies 14.1.3 Academic & Research Institutes CHAPTER 15 MARKET INSIGHTS, BY COUNTRIES 15.1 UAE Healthcare 3D printing Market 15.1.1 UAE Healthcare 3D printing Market, by Component 15.1.2 UAE Healthcare 3D printing Market, Printer Type 15.1.3 UAE Healthcare 3D printing Market, Material Type 15.1.4 UAE Healthcare 3D printing Market, Service Type 15.1.5 UAE Healthcare 3D printing Market, Technology 15.1.6 UAE Healthcare 3D printing Market, Application 15.1.8 UAE Healthcare 3D printing Market, Practice Area 15.1.8 UAE Healthcare 3D printing Market, End-Use Category 15.1.9 UAE Healthcare 3D printing Market, End-Users 15.2 Qatar Healthcare 3D printing Market 15.2.1 Qatar Healthcare 3D printing Market, by Component 15.2.2 Qatar Healthcare 3D printing Market, Printer Type 15.2.3 Qatar Healthcare 3D printing Market, Material Type 15.2.4 Qatar Healthcare 3D printing Market, Service Type 15.2.5 Qatar Healthcare 3D printing Market, Technology 15.2.6 Qatar Healthcare 3D printing Market, Application 15.2.8 Qatar Healthcare 3D printing Market, Practice Area 15.2.8 Qatar Healthcare 3D printing Market, End-Use Category 15.2.9 Qatar Healthcare 3D printing Market, End-Users 15.3 Saudi Arabia Healthcare 3D printing Market 15.3.1 Saudi Arabia Healthcare 3D printing Market, by Component 15.3.2 Saudi Arabia Healthcare 3D printing Market, Printer Type 15.3.3 Saudi Arabia Healthcare 3D printing Market, Material Type 15.3.4 Saudi Arabia Healthcare 3D printing Market, Service Type 15.3.5 Saudi Arabia Healthcare 3D printing Market, Technology 15.3.6 Saudi Arabia Healthcare 3D printing Market, Application 15.3.8 Saudi Arabia Healthcare 3D printing Market, Practice Area 15.3.8 Saudi Arabia Healthcare 3D printing Market, End-Use Category 15.3.9 Saudi Arabia Healthcare 3D printing Market, End-Users 15.4 Kuwait Healthcare 3D printing Market 15.4.1 Kuwait Healthcare 3D printing Market, by Component 15.4.2 Kuwait Healthcare 3D printing Market, Printer Type 15.4.3 Kuwait Healthcare 3D printing Market, Material Type 15.4.4 Kuwait Healthcare 3D printing Market, Service Type 15.4.5 Kuwait Healthcare 3D printing Market, Technology 15.4.6 Kuwait Healthcare 3D printing Market, Application 15.4.8 Kuwait Healthcare 3D printing Market, Practice Area 15.4.8 Kuwait Healthcare 3D printing Market, End-Use Category 15.4.9 Kuwait Healthcare 3D printing Market, End-Users 15.5 Egypt Healthcare 3D printing Market 15.5.1 Egypt Healthcare 3D printing Market, by Component 15.5.2 Egypt Healthcare 3D printing Market, Printer Type 15.5.3 Egypt Healthcare 3D printing Market, Material Type 15.5.4 Egypt Healthcare 3D printing Market, Service Type 15.5.5 Egypt Healthcare 3D printing Market, Technology 15.5.6 Egypt Healthcare 3D printing Market, Application 15.5.8 Egypt Healthcare 3D printing Market, Practice Area 15.5.8 Egypt Healthcare 3D printing Market, End-Use Category 15.5.9 Egypt Healthcare 3D printing Market, End-Users 15.6 Algeria Healthcare 3D printing Market 15.6.1 Algeria Healthcare 3D printing Market, by Component 15.6.2 Algeria Healthcare 3D printing Market, Printer Type 15.6.3 Algeria Healthcare 3D printing Market, Material Type 15.6.4 Algeria Healthcare 3D printing Market, Service Type 15.6.5 Algeria Healthcare 3D printing Market, Technology 15.6.6 Algeria Healthcare 3D printing Market, Application 15.6.8 Algeria Healthcare 3D printing Market, Practice Area 15.6.8 Algeria Healthcare 3D printing Market, End-Use Category 15.6.9 Algeria Healthcare 3D printing Market, End-Users 15.7 Rest of MENA Healthcare 3D printing Market 15.7.1 Rest of MENA Healthcare 3D printing Market, by Component 15.7.2 Rest of MENA Healthcare 3D printing Market, Printer Type 15.7.3 Rest of MENA Healthcare 3D printing Market, Material Type 15.7.4 Rest of MENA Healthcare 3D printing Market, Service Type 15.7.5 Rest of MENA Healthcare 3D printing Market, Technology 15.7.6 Rest of MENA Healthcare 3D printing Market, Application 15.7.8 Rest of MENA Healthcare 3D printing Market, Practice Area 15.7.8 Rest of MENA Healthcare 3D printing Market, End-Use Category 15.7.9 Rest of MENA Healthcare 3D printing Market, End-Users CHAPTER 16 COMPETITIVE SCENARIO 16.1 Market Share Analysis, by Company, 2018 16.1.1 Market Share of Key Players in MENA Healthcare 3D Printing Market, 2018 CHAPTER 17 TOP COMPANY PROFILES 17.1 3D Systems Corporation 17.1.1 Key Facts 17.1.2 Business Description 17.1.3 Key Product/Application Offerings 17.1.4 SWOT Analysis 17.1.5 Key Financials 17.1.5.1 Revenue Split 17.1.6 Recent developments 17.1.6.1 Product Launches 17.1.6.2 Strategic Alliance 17.1.6.3 Business Expansion 17.1.6.4 Merger & Acquisition 17.2 Stratasys Ltd. 17.2.2 Business Description 17.2.3 Key Product/Application Offerings 17.2.4 SWOT Analysis 17.2.5 Key Financials 17.1.5.1 Revenue Split by Region 17.1.5.2 Financial Overview of Stratasys Ltd. 17.2.6 Recent developments 17.2.6.1 Product Launches 17.2.6.2 Strategic Alliance 17.2.6.3 Business Expansion 17.2.6.4 Merger & Acquisition 17.3 Arcam AB 17.3.2 Business Description 17.3.3 Key Product/Application Offerings 17.3.4 SWOT Analysis 17.3.5 Recent developments 17.3.5.1 Product Launches 17.3.5.2 Strategic Alliance 17.3.5.3 Business Expansion 17.3.5.4 Merger & Acquisition 17.4 Royal DSM N.V. 17.4.2 Business Description 17.4.3 Key Product/Application Offerings 17.4.4 SWOT Analysis 17.4.5 Key Financials 17.4.5.1 Revenue Split by Region 17.4.5.2 Financial Overview of Royal DSM N.V 17.4.6 Recent developments 17.4.6.1 Product Launches 17.4.6.2 Strategic Alliance 17.4.6.3 Business Expansion 17.4.6.4 Merger & Acquisition 17.5 Organovo Holdings, Inc 17.5.1 Key Facts 17.5.2 Business Description 17.5.3 Key Product/Application Offerings 17.5.4 SWOT Analysis 17.5.5 Key Financials 17.5.5.1 Revenue Split by Region 17.5.5.2 Financial Overview of Organovo Holdings, Inc. 17.5.6 Recent developments 17.5.6.1 Product Launches 17.5.6.2 Strategic Alliance 17.5.6.3 Business Expansion 17.5.6.4 Merger & Acquisition 17.6 Mcor Technologies Ltd. 17.6.1 Key Facts 17.6.2 Business Description 17.6.3 Key Product/Application Offerings 17.6.4 SWOT Analysis 17.6.5 Recent developments 17.6.5.1 Product Launches 17.6.5.2 Strategic Alliance 17.6.5.3 Business Expansion 17.6.5.4 Merger & Acquisition 17.7 Voxeljet AG 17.7.2 Business Description 17.7.3 Key Product/Application Offerings 17.7.4 SWOT Analysis 17.7.5 Key Financials 17.7.5.1 Revenue Split by Region 17.7.5.2 Financial Overview of Voxeljet AG 17.7.6 Recent developments 17.7.6.1 Product Launches 17.7.6.2 Strategic Alliance 17.7.6.3 Business Expansion 17.7.6.4 Merger & Acquisition 17.8 3DVinci Creations 17.8.1 Key Facts 17.8.2 Business Description 17.8.3 Key Product/Application Offerings 17.8.4 SWOT Analysis 17.8.5 Recent developments 17.8.5.1 Product Launches 17.8.5.2 Strategic Alliance 17.8.5.3 Business Expansion 17.8.5.4 Merger & Acquisition 17.9 Jumbo 3D manufacturing 17.9.1 Key Facts 17.9.2 Business Description 17.9.3 Key Product/Application Offerings 17.9.4 SWOT Analysis 17.9.5 Recent developments 17.9.5.1 Product Launches 17.9.5.2 Strategic Alliance 17.9.5.3 Business Expansion 17.9.5.4 Merger & Acquisition 17.10.1 Key Facts 17.10.2 Business Description 17.10.3 Key Product/Application Offerings 17.10.4 SWOT Analysis 17.10.5 Recent developments 17.10.5.1 Product Launches 17.10.5.2 Strategic Alliance 17.10.5.3 Business Expansion 17.10.5.4 Merger & Acquisition |
Analyzing the historical market, estimation of the current market and forecasting the future market for the MENA Healthcare 3D Printing Market was based on the three major steps undertaken to create and analyze the adoption trend of 3D Printing technology in the Healthcare sector in major countries of the MENA region. Exhaustive secondary research has also been conducted to collect the historical market numbers to estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews have also been conducted with industry experts across the value chain of the Healthcare 3D Printing market in the MENA region. Post assumption and validation of market numbers through primary interviews, the bottom-up approach has been employed to forecast the complete market size of the MENA Healthcare 3D Printing market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the MENA Healthcare 3D Printing market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the MENA Healthcare 3D Printing market, a detailed secondary analysis was conducted to gather historical market insights and share for different segments & sub-segments for major countries across the MENA region. Major segments included in the report are component, technology type, application, end-use category, practice area and end-user. Further detailed country-level analysis is also conducted to understand the overall adoption of technology in the MENA healthcare sector.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the MENA Healthcare 3D Printing market. Factor analysis was conducted using dependent and independent variables such as booming 3D technique in healthcare, government support, technological advancement in the healthcare industry (especially medical devices), increasing spending on 3D printing technology, faster supply chain and reduced lead times among others. The demand and supply-side scenario were also thoroughly studied considering top partnerships, merger and acquisition, business expansion, product launches and analyzing the list of start-ups in healthcare 3D printing across the MENA region.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on the actionable insights from the above 3 steps, we arrived at the current market size, key players in the MENA Healthcare 3D Printing market and market shares of these players. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weight was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up approach was applied to arrive at the market forecast pertaining to 2025 for different segments and sub-segments across the different countries of the MENA region. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Countries
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment pertaining to the MENA Healthcare 3D Printing market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of as component, technology type, application, end-use category, practice area and end-user of the MENA Healthcare 3D Printing market.
Main objective of the Healthcare 3D Printing Market Study
The current & future market trends of the MENA Healthcare 3D Printing are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
Analyzing the historical market, estimation of the current market and forecasting the future market for the MENA Healthcare 3D Printing Market was based on the three major steps undertaken to create and analyze the adoption trend of 3D Printing technology in the Healthcare sector in major countries of the MENA region. Exhaustive secondary research has also been conducted to collect the historical market numbers to estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews have also been conducted with industry experts across the value chain of the Healthcare 3D Printing market in the MENA region. Post assumption and validation of market numbers through primary interviews, the bottom-up approach has been employed to forecast the complete market size of the MENA Healthcare 3D Printing market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the MENA Healthcare 3D Printing market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the MENA Healthcare 3D Printing market, a detailed secondary analysis was conducted to gather historical market insights and share for different segments & sub-segments for major countries across the MENA region. Major segments included in the report are component, technology type, application, end-use category, practice area and end-user. Further detailed country-level analysis is also conducted to understand the overall adoption of technology in the MENA healthcare sector.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the MENA Healthcare 3D Printing market. Factor analysis was conducted using dependent and independent variables such as booming 3D technique in healthcare, government support, technological advancement in the healthcare industry (especially medical devices), increasing spending on 3D printing technology, faster supply chain and reduced lead times among others. The demand and supply-side scenario were also thoroughly studied considering top partnerships, merger and acquisition, business expansion, product launches and analyzing the list of start-ups in healthcare 3D printing across the MENA region.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on the actionable insights from the above 3 steps, we arrived at the current market size, key players in the MENA Healthcare 3D Printing market and market shares of these players. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weight was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up approach was applied to arrive at the market forecast pertaining to 2025 for different segments and sub-segments across the different countries of the MENA region. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Countries
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment pertaining to the MENA Healthcare 3D Printing market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of as component, technology type, application, end-use category, practice area and end-user of the MENA Healthcare 3D Printing market.
Main objective of the Healthcare 3D Printing Market Study
The current & future market trends of the MENA Healthcare 3D Printing are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include: