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4D Printing In Healthcare Market size is set to grow by USD 110.057 thousand from 2024-2028, Increased demand for personalized or customized medical devices to boost the market growth, Technavio

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NEW YORK, July 31, 2024 /PRNewswire/ — The global 4D printing in healthcare market size is estimated to grow by USD 110.057 thousand from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 44.82% during the forecast period. Increased demand for personalized or customized medical devices is driving market growth, with a trend towards emerging technological advances and applications of 4D printing in medical devices. However, high initial setup cost of 4d printing facilities poses a challenge. Key market players include 3D Systems Corp., Dassault Systemes SE, Desktop Metal Inc., EnvisionTEC GmBH, EOS GmbH, MATERIALISE NV, Organovo Holdings Inc., Otto GmbH and Co. KG, Poietis, and Stratasys Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Application (Implants, Medical devices, and Simulating and training), Component (Software and services, Equipment, and Programmable materials), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

3D Systems Corp., Dassault Systemes SE, Desktop Metal Inc., EnvisionTEC GmBH, EOS GmbH, MATERIALISE NV, Organovo Holdings Inc., Otto GmbH and Co. KG, Poietis, and Stratasys Ltd.

Key Market Trends Fueling Growth

The healthcare industry is witnessing significant advancements in 4D printing technology, which is revolutionizing the production of medical devices. These technological strides have led to increased printer production speed, enhancing the volume capabilities of 4D systems. The benefits of 4D printing extend beyond speed, as it also reduces material waste and capital equipment expenditure, and decreases reliance on milling centers. In the dental sector, 4D printing offers higher precision and efficiency than competitive systems. For instance, Stratasys Ltd.’s acquisition of Origin in 2021 for mass production of additive-manufactured products underscores the industry’s focus on this technology. Furthermore, ongoing R&D efforts aim to develop new combinations of 4D printing materials and improve existing ones, expanding its applications and reducing costs. Notable materials include UV Silicone 60A MG, a biocompatible, bio-inert, non-biodegradable liquid silicone rubber, and HT PCL MG, a biodegradable thermoplastic polyester. EnvisionTEC’s introduction of the affordable E-OrthoShape material for 3D printing orthodontic models is another example of innovation in this field. Advancements in imaging modalities enable the creation of customized anatomical models with greater precision, further fueling the growth of 4D printing in healthcare. These developments are expected to create significant opportunities for the global 4D printing in healthcare market during the forecast period. 

The healthcare market is experiencing significant trends in 4D printing technology, which goes beyond traditional 3D printing by adding the fourth dimension of time. This innovation is revolutionizing medical equipment, drugs, and medical devices. 4D biomaterials are transforming dental crowns, smart bridges, surgical templates, aligners, and orthodontic braces, offering customized solutions. Technological developments in 4D printing are impacting various industries, including healthcare. Medical implants, biocompatibility, and biomedical splints are benefiting from this technology. Heart constructs, drug delivery systems, and even organ transplants are under development. 3D Systems is leading the investment in this field, with smart, programmable materials set to disrupt conventional manufacturing methods. The healthcare services administration is exploring 4D printing for organ constructs to address organ shortages and organ rejection issues. The technology’s potential extends to smart materials for heart valves, stents, and other medical devices. The integration of 4D printing technology in middle-income countries is expected to boost the healthcare market. Stereolithography and Fusion Deposition Modeling are popular 4D printing methods, with software and services supporting the design process. The automotive production and aerospace engineering industries have already embraced 4D printing, and healthcare is poised to follow suit. 

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Market Challenges

The 4D printing market in healthcare faces significant challenges due to high capital costs. Expensive equipment, such as high-end additive manufacturing printers, and outsourced print service contracts contribute to these costs. Additionally, proprietary raw materials sold by manufacturers at high profit margins and the need for trained personnel to ensure quality production add to the expenses. A clinical 4D printing lab requires ancillary staff for printing and the time taken to produce parts ranges from hours to days, limiting mass manufacturing viability. These factors hinder the widespread adoption of 4D printers, thereby impeding the growth of the global 4D printing in healthcare market.The healthcare market is exploring the potential of 4D printing, a technology that goes beyond traditional 3D printing by adding a fourth dimension of time and motion. This technology holds significant promise for various healthcare applications, particularly in orthodontics, where braces can be custom-made to adjust to a patient’s teeth as they grow. However, challenges exist in implementing this technology. Conventional manufacturing methods in industries like automotive production and aerospace engineering have vastly different requirements than healthcare. Smart, programmable materials are crucial for 4D printing in healthcare. These materials can change shape in response to specific conditions, such as body temperature or pH levels. Heart valves, stents, and organ constructs are potential applications, addressing issues like blood flow and organ transplants. Health Resources and Services Administration faces organ shortages, making 4D printed organ constructs a potential solution. However, challenges like organ rejection, biocompatibility, and reimbursement policies must be addressed. 3D Systems, a leading 3D printing company, is investing in 4D printing technology, focusing on biomedical splits, drug delivery, and implants. Stereolithography and Fusion Deposition Modeling are popular 3D printing techniques, but software and services for 4D printing are still in development. Surgical guides, medical research models, patient-specific implants, and artificial intelligence are other potential applications. Hospitals and clinics are exploring this technology, with Prismlab leading the way in 4D printing research.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This 4D printing in healthcare market report extensively covers market segmentation by

Application 1.1 Implants1.2 Medical devices1.3 Simulating and trainingComponent 2.1 Software and services2.2 Equipment2.3 Programmable materialsGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Implants- Medical implants are artificial devices designed to replace or enhance biological structures for various medical conditions, including cardiovascular, orthopedic, neurological, and dental ailments. These implants can be made from materials like skin, bone, metal, plastic, or ceramic and can be permanent or temporary. Risks and complications include infection, surgical failure, and implant failure. The healthcare industry has seen significant advancements with the introduction of 4D printing technology, enabling stimuli-responsive 3D structures in medical implants. This technology allows implants to change shape between programmed configurations, reversibly. The rising prevalence of chronic diseases, particularly among the aging population, is driving the demand for medical implants, leading to the growth of the 4D printing in healthcare market. Additionally, the increasing trend of tooth loss, particularly in the US, with about 3 million people currently having dental implants and an annual growth of 500,000, will further fuel the market expansion.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017 – 2021) – Download a Sample Report

Research Analysis

The 4D printing market in healthcare is revolutionizing the industry by enabling the creation of medical equipment, drugs, and devices with unique, time-dependent functions. This technology goes beyond traditional 3D printing by incorporating the fourth dimension of time, making medical innovations more dynamic and responsive to specific patient needs. Technological developments in 4D printing have expanded its applications in healthcare, from medical devices like dental crowns, smart bridges, surgical templates, aligners, and orthodontic braces, to advanced areas such as drug delivery systems and tissue engineering. 4D biomaterials, programmable materials, and design services are at the forefront of this innovation. These materials can change shape, release drugs, or adapt to environmental conditions over time, offering significant advantages over conventional manufacturing methods. Beyond healthcare, industries like automotive production and aerospace engineering have also embraced 4D printing for their unique challenges. The potential for 4D printing in healthcare is vast, with investment continuing to fuel development activities in this exciting field. Heart valves, for example, could be designed to open and close in response to specific conditions, while smart stents could adjust to the unique needs of individual patients. The possibilities are endless, making 4D printing a game-changer in the healthcare sector.

Market Research Overview

The 4D printing market in healthcare is experiencing significant growth as this innovative technology offers new possibilities in medical equipment, drugs, and medical devices. Unlike traditional 3D printing, 4D printing uses smart, programmable materials that can change shape over time in response to external stimuli. This technology holds immense potential in healthcare, from dental crowns and orthodontic braces to surgical templates, aligners, and even heart constructs. Technological developments in 4D printing are driving innovation in medical research models, implants, and drug delivery systems. The technology’s potential applications extend beyond medical devices, with the possibility of creating smart bridges, organ constructs, and even organs for transplant. The healthcare market is investing heavily in 4D printing technology, with development activities focusing on biocompatibility, biomedical splits, and smart materials. The technology’s potential to address organ shortages and organ rejection is a significant draw, with healthcare services administration and hospitals and clinics showing strong interest. The 4D printing market is not limited to high-income countries; middle-income countries are also investing in this technology, driven by its potential to reduce costs and improve access to healthcare. Stereolithography and Fusion Deposition Modeling are common 4D printing techniques, while software and services are essential components of the 4D printing ecosystem. Reimbursement policies and artificial intelligence are also playing a role in the adoption of 4D printing technology, with the potential to revolutionize conventional manufacturing methods in industries such as automotive production and aerospace engineering. Prismlab and other companies are leading the way in 4D printing research and development.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationImplantsMedical DevicesSimulating And TrainingComponentSoftware And ServicesEquipmentProgrammable MaterialsGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Prime Minister to travel to New York City to attend the United Nations General Assembly and the Summit of the Future

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OTTAWA, ON, Sept. 16, 2024 /CNW/ – The Prime Minister, Justin Trudeau, today announced that he will travel to New York City, United States of America, from September 22 to 25, 2024, to participate in the 79th Session of the United Nations General Assembly and the Summit of the Future. The Prime Minister will work closely with Canada’s international partners to strengthen democracy, take climate action, defend global security, and improve access to health care, including reproductive health.

As Co-Chair of the United Nations Sustainable Development Goals Advocates group, the Prime Minister will reaffirm Canada’s commitment to advancing ambitious international action toward the 2030 Agenda for Sustainable Development. This includes moving forward on shared work on education, climate change and biodiversity loss, and gender equality around the world.

At the Summit of the Future, the Prime Minister will join other leaders to take action on key global challenges and enhance ways to work together to secure a better future for everyone. The leaders will work to accelerate efforts on pressing global challenges, including sustainable development, international peace and security, technological innovation and digital co-operation, decarbonization and clean energy, and human rights.

Prime Minister Trudeau will co-host a discussion with the Prime Minister of Haiti, Garry Conille, to help mobilize the resources needed to address the crises the country is facing and support solutions that are Haitian-led and focused on the needs of the Haitian people. He will also co-host a high-level event with the President of the European Commission, Ursula von der Leyen, to promote action on climate change, carbon pricing, and industrial decarbonization.

Throughout his visit, the Prime Minister will collaborate with other leaders on pressing geopolitical challenges, including Russia’s ongoing war of aggression against Ukraine as well as the evolving situation in the Middle East. He will emphasize the importance of international efforts to safeguard peace and security around the world, including by defending democracy and strengthening the rules-based international order.

Achieving a more peaceful, stable, and prosperous world starts with unified global action. Canada’s unwavering commitment to the United Nations is a pledge to Canadians that we will do our part to build a better future for everyone.

Quote
“At this year’s United Nations General Assembly and at the Summit of the Future, Canada will have a leading role in making the world fairer and more prosperous. I look forward to working with other leaders to accelerate progress on our shared priorities and build a better future for everyone.”
— The Rt. Hon. Justin Trudeau, Prime Minister of Canada

Quick Facts

Canada has been active at the United Nations (UN) since its creation in 1945 and has played a key role in drafting the UN Charter, the treaty that is the cornerstone of the rules-based international order.Canada is the sixth-largest donor to the UN, including voluntary and assessed contributions totalling over US$2 billion in 2022.In 2015, Canada joined all UN Member States in adopting ambitious goals for sustainable development, as outlined in Transforming our World: The 2030 Agenda for Sustainable Development. The 2030 Agenda centres on a set of 17 Sustainable Development Goals (SDGs), encompassing the social, economic, and environmental dimensions of sustainable development. Taken together, the SDGs aim to improve the lives of all people, while protecting the planet.Released in 2021, Moving Forward Together: Canada’s 2030 Agenda National Strategy builds upon 30 actions and five core principles to create and foster an enabling environment for ongoing dialogue and participation to encourage Canadians to take action to realize the SDGs.In 2022, Prime Minister Trudeau was named Co-Chair, with the Prime Minister of Barbados, Mia Mottley, of the UN SDG Advocates group by UN Secretary-General António Guterres. SDG Advocates work to raise global awareness of the SDGs and of the need for accelerated action by using their respective platforms.In 2021, Canada launched the Global Carbon Pricing Challenge. This partnership aims to expand the use of pollution pricing by strengthening existing systems and supporting emerging ones. The Challenge also serves as a forum for dialogue and co-ordination to make pricing systems more effective and compatible while supporting other countries in adopting carbon pricing and cutting emissions on the path to net-zero by 2050.

Associated Links

Canada and the United NationsSummit of the FutureTransforming our World: The 2030 Agenda for Sustainable DevelopmentThe 2030 Agenda for Sustainable Development

This document is also available at https://pm.gc.ca

SOURCE Prime Minister’s Office

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NORTH STAR PROMISE DRIVES RECORD ENROLLMENT AT MINNESOTA’S PUBLIC COLLEGES AND UNIVERSITIES

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State Colleges and Universities See 7% Enrollment Surge; University of Minnesota Freshman Class Up 8%

SAINT PAUL, Minn., Sept. 16, 2024 /PRNewswire/ — North Star Prosperity released the following statement after public higher education institutions across the state reported a surge in enrollment thanks to the North Star Promise, a groundbreaking program designed to increase college access and affordability by providing tuition-free opportunities at public and tribal colleges for Minnesota residents making less than $80,000. It is the first time in over a decade that enrollment at Minnesota’s public colleges has increased.

North Star Prosperity led the campaign for North Star Promise, which Governor Tim Walz signed into law in May 2023.

“The North Star Promise program is a game-changer,” stated Mike Dean, Executive Director of North Star Prosperity. “We know that higher education is the most reliable path toward the middle class and yet for more than two decades, the cost of college has been out of reach for too many students. When we make education affordable and accessible, it’s an investment in the future of Minnesota’s workforce. Giving Minnesotans the tools to succeed in today’s economy is not only the right thing to do; it’s good business.”

For more information about the North Star Promise and how it benefits Minnesota residents, please visit www.northstarprosperity.org/freecollege or contact Mike Dean.

North Star Prosperity is fighting for an economy that works for all Minnesotans. Driven by our belief that everyone deserves a fair shot, we challenge the systemic roots of poverty and inequality by advocating for progressive economic policies that dismantle structural barriers and expand opportunity for all.

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SOURCE North Star Prosperity

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Mynaric Advances Production of CONDOR Mk3

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Shipments will support the Space Development Agency’s Tranche 1 program

MUNICH, Sept. 16, 2024 /PRNewswire/ —  Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced the successful advancement of the company’s volume production ramp for the CONDOR Mk3. Mynaric continues to work through previously announced production delays and has realized near-term improvement in production yields and supply chain-related bottlenecks. Production delays of CONDOR Mk3 were caused by lower than expected production yields and supplier shortages of key components.

“We remain committed to our mission to deliver laser communications products at scale to the market and meet our near-term customer requirements,” said Joachim Horwath, Chief Technology Officer and founder of Mynaric. “Despite the setbacks we faced over the past few months, our team has worked tirelessly to address these challenges. We have implemented solutions to ensure the smooth continuation of our production process.”

“We are happy to report that the technical challenges on the production ramp are being addressed and I am working with Joachim to ensure that Mynaric is well positioned for future success,” said Andreas Reif, Chief Restructuring Officer of Mynaric. “Moving forward, Mynaric will continue to meet the current requirements of our customers.”

Current shipments of the CONDOR Mk3 free space optical communications system will be part of the United States Space Development Agency (SDA) Tranche 1 program. Mynaric was selected by Northrop Grumman as the sole supplier of optical communications terminals for the SDA’s Tranche 1 Transport and Tracking Layer programs and by York Space Systems for the SDA’s Tranche 1 Transport Layer. Mynaric was also selected by Loft Federal to supply the CONDOR Mk3 terminals to NExT – the SDA’s Experimental Testbed.

In addition, Mynaric continues to pursue opportunities that explore the use of free-space optical communications for additional space programs. Mynaric has been recognized as a key development partner in Phase 2 of DARPA’s Space-BACN program, was selected by the European Space Agency (ESA) to investigate optical technologies for next generation high-throughput optical inter-satellite links and was selected by the German government for multiple projects to develop quantum communication capabilities.

In addition, Mynaric continues to diligently pursue additional capital sources to secure our on-going operations and production ramp. We continue to evaluate a number of different strategic options to address our near-term capital needs.

About Mynaric

Mynaric (NASDAQ: MYNA) (FRA: M0YN) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.

For more information, visit mynaric.com

MEDIA CONTACT
Krista Hazen                                                                                   
krista.hazen@mynaricusa.com   

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SOURCE Mynaric USA, Inc.

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