Le Lézard
Classified in: Health, Science and technology, Covid-19 virus

Global 3D Printed Wearables Market Report 2022: Rising Investment in R&D of 3D Printing Driving Growth - ResearchAndMarkets.com

The "3D Printed Wearables Market Size, Share & Trends Analysis Report by Product Type (Prosthetics, Orthopedic Implants), by End-user (Hospital, Pharma & Biotech Companies), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The global 3D printed wearables market size is expected to reach USD 6.7 billion by 2030, according to this report. It is expected to expand at a CAGR of 8.0% from 2022 to 2030. 3D printed wearable technology has witnessed high adoption in the healthcare industry. Due to numerous technological innovations in the sector, the market is expected to witness significant growth over the forecast period.

The demand for 3D printing is on the rise due to technological advancements such as customization of products to fit a customer's requirement and low-cost 3D printed products. Moreover, numerous manufacturers have invested in the R&D of 3D printed wearables owing to increasing demand in the healthcare industry. Various companies such as Boeing have invested in 3D printing to gain a competitive advantage and reduce the overall manufacturing cost of an aircraft. It provides the opportunity to upsurge the life cycle of a product with the help of advanced technology.

The COVID-19 pandemic has negatively affected industry growth. The pandemic has adversely affected the business operations and financial condition of the market players. In the first quarter of 2020, the COVID-19 outbreak disrupted the global supply chain of raw materials and manufacturing parts of 3D printing products. These factors resulted in an increase in the cost of the product due to the increase in the cost of raw materials and shipping charges. The third and fourth quarters of 2020 reflected a lucrative growth in the sales and revenue of the 3D printed products, which further improved due to the launch of advanced technological products at an affordable cost.

North America accounted for the largest revenue share of over 40.0% in 2021 owing to the increasingly aging population, and numerous technological innovations in the devices such as the new hybrid 3D printing technology developed in Wyss Institute at Harvard University that provides more precision at low-cost manufacturing, and increasing investment in R&D. In addition, an increase in the scope of biomedical applications, collaborations between academic institutions and hospitals, and widespread R&D activities at the industrial and academic level have fueled the industry growth. Also, the presence of major players in the region contributed to market growth.

Market Dynamics

Market Drivers

Market Restraints

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. 3D Printed Wearables Market Variables, Trends & Scope

Chapter 4. 3D Printed Wearables Market: Segment Analysis, By Product Type, 2018-2030 (USD Million)

Chapter 5. 3D Printed Wearables Market: Segment Analysis, by End-user, 2018 - 2030 (USD Million)

Chapter 6. 3D Printed Wearables: Regional Market Analysis, 2018-2030 (USD Million)

Chapter 7. 3D Printed Wearables: Competitive Analysis

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/nh37tf

These press releases may also interest you

at 09:05
Sitel Group®, one of the largest global providers of customer experience (CX) products and solutions, announced today its strategic partnership with Genesys®, a global cloud leader in customer experience orchestration, to support brands in...

at 09:05
Beyond Identity, the leading provider of phishing-resistant multi-factor authentication (MFA), has expanded its integration offerings to include cloud security leader Zscaler. The joint solution strengthens a zero trust architecture and reduces the...

at 09:05
Calix, Inc. today announced that it was named 2022 "Company of the Year (Public)" by Light Reading, a foremost resource for the global communications, networking, and services industry. The 2022 Leading Lights "Company of the Year (Public)" Award...

at 09:05
Nominations are being accepted for the Information Technology Certification Council's (ITCC) 2023 Innovation Award. Now in its ninth year, this annual award recognizes leadership initiatives that have positively impacted your company or the IT...

at 09:05
impact.com, the world's leading partnership management platform, announced today the company's strong momentum in 2022, driven by new client and agency partner growth, strategic investment in its business, expansion in Europe and Asia, trailblazing...

at 09:05
Parsec Automation Corp.'s manufacturing execution system (MES), TrakSYStm, has been named a silver winner in the Most Innovative Product of the Year ? Enterprise category in the Best in Biz Awards, the only independent business awards program judged...

News published on 27 september 2022 at 07:35 and distributed by: