Dublin, Sep 23, 2022 (GLOBE NEWSWIRE) – “3D Printed Wearable Devices Market Analysis Report, Share Share and Trends by Product Type (Prosthetics, Orthopedic Implants), by End User (Hospitals, Pharmaceuticals and Biotech Companies), by Region and Sectors Outlook, 2022-2030″ report added to ResearchAndMarkets.com Show.
The global market size of 3D-printed wearables is expected to reach $6.7 billion by 2030, according to this report. It is expected to expand at a compound annual growth rate of 8.0% from 2022 to 2030. The 3D-printed wearable technology has seen significant adoption in the healthcare industry. Due to the many technological innovations in this segment, the market is expected to witness significant growth during the forecast period.
The demand for 3D printing is increasing due to technological developments such as customizing products to suit customer requirements and low-cost 3D printed products. Moreover, many manufacturers have invested in the research and development of 3D wearable devices due to the increased demand in the healthcare industry. Many companies such as Boeing have invested in 3D printing to gain a competitive advantage and reduce the overall manufacturing cost of the aircraft. It provides an opportunity to increase the product life cycle with the help of advanced technology.
The COVID-19 pandemic has negatively affected the growth of the industry. The epidemic negatively affected business operations and the financial position of market players. In the first quarter of 2020, the COVID-19 outbreak disrupted the global supply chain of raw materials and parts for manufacturing 3D printing products. These factors have led to an increase in the cost of the product as a result of the higher cost of raw materials and freight charges. The third and fourth quarters of 2020 reflected profitable growth in 3D-printed product sales and revenue, which was further improved by the launch of advanced technology products at affordable cost.
North America accounted for the largest share of revenue at more than 40.0% in 2021 due to an aging population, and several technological innovations in hardware such as the new hybrid 3D printing technology developed at Harvard University’s Wyss Institute that provides more accuracy at a lower level. . Manufacturing cost, increased investment in research and development. In addition, the increase in the scope of biomedical applications, collaboration between academic institutions and hospitals, and the proliferation of research and development activities at the industrial and academic level have fueled the growth of the industry. The presence of major players in the region also contributed to the growth of the market.
- Increasing demand for wearable devices
- Increased incidence of diabetes and other chronic diseases
- Increase investment in research and development of 3D printing
- strict regulatory policies
Main topics covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. 3D Printed Wearable Devices Market Variables, Trends and Scope
Chapter 4: 3D-Printed Wearable Devices Market: Segmentation by Product Type, 2018-2030 (US$ Million)
Chapter 5. 3D Printed Wearable Devices Market: Segment Analysis, By End User, 2018 – 2030 (US$ Million)
Chapter 6. 3D Printed Wearable Devices: Regional Market Analysis, 2018-2030 (US$ Million)
Chapter 7. 3D-Printed Wearable Devices: A Competitive Analysis
- 3D Systems Company
- Stratasys Ltd.
- Arkham AB
- Cyfuse Biomedical
- Koninklijke Philips NV
- Zephyr Technology Company
- omron company
- Everest Health
- LifeWatch AG
For more information on this report, visit https://www.researchandmarkets.com/r/83ts5y
Global 3D-printed wearables market