Global 3D printed wearables market was valued at USD 3.0 Billion in 2019. It is projected to grow at an 8.2% compound annual growth rate (CAGR), between 2020 and 2027. The manufacturing of medical devices and other products layer-by-layer using 3D printing technology is a key component. This market is expected to grow due to the increasing emphasis on 3D printed wearable items by manufacturers. 3D printed wearables sales will rise as the new 3D printed wearables overcome the limitations of conventional products.
The increasing demand for unique products is the main driver of the 3D-printed wearables market. 3D printing companies are able to design devices according to customers' specifications. Other factors that are driving 3D-printed wearables' market include a growing focus on health, both by the general public as well as consumer technology companies. The 3D printing technology allows sports manufacturers to create shoe soles that improve diabetics' sense of touch. These shoes allow diabetic patients to walk more comfortably, and can be customized for each patient.
Manufacturers of medical devices and pharmaceutical companies are currently under more pressure from both the government and customers to be socially and environmentally conscious. With 3-D printing the transportation costs are dramatically reduced. Although this market is still small, it is expected to grow in the future.
Prosthetics accounted for 35.9% of the total revenue in 2019, which was the highest. This segment's large revenue share can be attributed to rising chronic disease prevalence and growing demand for prosthetics implant in developing countries. Other factors that will fuel growth in this segment include an increase in the number of cases of amputation worldwide and an increase in limb loss due to cardiovascular disease.
Market growth will be further boosted by technological advancement, the increasing prevalence of vascular disease, as well as increased demand for prosthetics. There is a growing need for these devices due to the increasing use of connectivity technologies like Bluetooth, microprocessor controllers, and myoelectric. The advancements in material science have made it possible to use carbon fiber materials and thermoplastics for robotic amputation devices. This reduces costs and improves overall efficiency. Other factors that will drive 3D printed wearables market growth over the forecast period include increasing awareness and demand in advanced technologically advanced countries.
According to end-users, the 36.2% revenue share for academic institutes was the highest at 36.2% in 2019. Due to the rapid increase in patient population and increased investment in R&D for 3D printed wearable devices, this is a result. Manufacturers have increased their investment in 3D printing to improve their productivity and efficiency.
This segment has seen significant growth due to a growing focus on 3D printed wearables, and a rise in R&D spending. The forecast period will also see growth in the medical and surgical center segment due to increased demand for 3D printed wearables, and a reduction in operative- and infection risk.
North America was the dominant market for 3D printed wearables in 2019, accounting for 40.6% of the total revenue. It is expected to maintain its dominance in the future. This is due to the rapid development of 3D printed wearables in order to meet growing healthcare needs in the country, as well as strong R&D and promotion of new therapies. North America is the leading manufacturing center for high-end, reliable, complex and high-end 3D printed medical devices and wearables. This will drive the market growth for 3D printed wearables.
The market is expected to be driven by rapid technological advances and increasing demand for 3D printed wearable gadgets. Due to the growing healthcare sector in the region, many medical device manufacturers are now focusing their efforts on this market. The market is also growing due to rising R&D spending and increasing investments in 3D printing.
Companies are forming partnerships, mergers and acquisitions to increase their product range, manufacturing capabilities, and competitive differentiation. The following are some of the most prominent players in 3D printed wearables:
Arcam AB
Cyfuse Biomedical
Koninklijke Philips N.V.
Zephyr Technology Corporation
Omron Corporation
Everist Health
LifeWatch AG
Up Market Research published a new report titled “3D Printed Wearables Market research report which is segmented by Product Type (Prosthetics, Orthopedic Implants), by End User (Pharma & Biotech Companies, Hospital), By Players/Companies Cyfuse Biomedical, Everist Health, Omron Corporation, Koninklijke Philips NV, Zephyr Technology Corporation, LifeWatch AG, Arcam AB”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | 3D Printed Wearables Market Research Report |
By Product Type | Prosthetics, Orthopedic Implants |
By End User | Pharma & Biotech Companies, Hospital |
By Companies | Cyfuse Biomedical, Everist Health, Omron Corporation, Koninklijke Philips NV, Zephyr Technology Corporation, LifeWatch AG, Arcam AB |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 247 |
Number of Tables & Figures | 173 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product Type (Prosthetics, Orthopedic Implants), by End User (Pharma & Biotech Companies, Hospital).
3D Printed Wearables Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the 3D Printed Wearables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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