Reports Overview
3D Printed Drugs Market are medications, which are designed by 3D printing technique to customize for the individuals in a safer and effective way. These drugs have unitary porous structures that readily disperse in the mouth, as a result of which these high-dose medicines need not to be swallowed intact. Thus, this form of medication is helpful to patients who often have swallowing difficulties, children, elderly, and those dealing with the complications of stroke, Alzheimers disease, head & neck tumors, and other neurological disorders. The first 3D printed drug to receive approval from the U.S. Food and Drug Administration (FDA) is Spritam (levetiracetam) tablets developed by Aprecia Pharmaceuticals.
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Spritam is the only 3D printed drug which has received FDA approval. This drug was first available in the market in 2016, and can be used to treat epilepsy. The potential market for other 3D printed drugs (moderate growth scenario) is estimated to be $278 million in 2020, and would reach $522 million by 2030, growing at a CAGR of 6.5% from 2020 to 2030.
Surge in demand for instantaneous soluble drugs that can disperse easily in the mouth is the major factor that drives the growth of the global 3D printed drugs market. In addition, increase in prevalence of dysphagia, rise in usage of 3D printing technique in the medical & healthcare industries, increase in adoption of personalized drugs, and production of combination medicine boost the market growth.
However, adverse effect related to these drugs, usage of 3D printing to develop illegal drugs, and lack of government regulations for 3D printed products restrain the growth of the market. Conversely, rise in awareness pertaining to the advantages of these drugs, such as their instantaneous solubility, improvement in healthcare infrastructure, and technological advancements in developing countries are expected to provide numerous opportunities for the market growth.
Market Dynamics of 3D Printed Drugs Market
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