-- Digital 3D Printing Market Analysis
The digital 3D printing market is anticipated to touch USD 5,214.8 million at a whopping 20.54% CAGR between 2019-m2025, as per the Market Research Future’s (MRFR) latest report. Digital 3D printing is a printing technique that comprises the evaluation & improvement of services and products in a methodical way to avail improved quality. This is related to those which manage healthcare service delivery and comprises three important steps, namely measurement, assessment, as well as improvement.
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Numerous factors are propelling the digital 3D printing market growth. These factors, as per the MRFR's new report, comprise speedy process, technological advances, rising adoption in the healthcare sector, reduction of errors, rising number of public-private funding, and ability to create customized products.
On the flip side, soaring prices coupled with the scarcity of skilled labors are factors that may deter the growth of the digital 3D printing market over the forecast period.
Digital 3D Printing Market Segmentation
The digital 3D printing market is segmented on the basis of application, component, technology, material, and end user.
Based on the component, the digital 3D printing market is segmented into services/software, and device/system. Among these, the device/system segment will dominate the market during the forecast period.
Based on material, the digital 3D printing market is segmented into metal and alloy, ceramics, polymers, and others. Among these, the polymers segment will spearhead the market over the forecast period.
Based on technology, the digital 3D printing market is segmented into jetting technology, deposition modelling, electron beam melting, laser sintering, stereolithography, and others. Among these, the stereolithography segment will command the largest share over the forecast period.
Based on the application, the digital 3D printing market is segmented into orthopedics, dental, tissue engineering, prosthetics, medical components, drug screening, hearing aids, and others. Among these, the dental application will spearhead the market over the forecast period.
Based on end user, the digital 3D printing market is segmented into dental clinics and laboratories, pharmaceutical and biotechnology companies, hospital and surgical centers, and others. Among these, hospitals and surgical centers will command the largest share in the market over the forecast period.
Digital 3D Printing Market Regional Analysis
Geographically, the digital 3D printing market is segmented into four regions, namely Europe, the Middle East, and Africa, Europe, and the Asia Pacific (APAC). Among these, the Americas will have lions share in the market over the forecast period. Increasing applications, rising cases of diseases, accessibility of innovative treatment options, rising adoption of treatment by patients, and increasing awareness, developed healthcare infrastructure, and presence of key market players are adding to the digital 3D printing market growth in the region.
In Europe, the digital 3D printing market is predicted to have the second-largest share over the forecast period. Increasing cases of lifestyle-associated conditions, target population base, laws & favorable initiatives by the government, and presence of developed economies like the UK, France, and Germany are factors that are adding to the growth of the market in the region. Following the ban on animal testing, especially for cosmetics, the wellness industry has become a key supporter of 3D printing in the region.
In the APAC region, the digital 3D printing market is predicted to grow at a fast pace over the forecast period. Developing healthcare sector in India, Japan, Australia, and China, increasing cases of accidents, rising per capita healthcare spending, and increasing older population base is adding to the growth of the market in the region.
In the MEA, the digital 3D printing market is predicted to have sound growth over the forecast period.
Digital 3D Printing Market Key Players
Eminent players profiled in the global digital 3D printing market report include Carbon, Inc. (US), General Electric (US), Stratasys Ltd (US), Renishaw PLC (UK), 3D Systems, Inc. (US), Micron Dental (US), EnvisionTEC (US), Materialise (Europe), ExOne (US), and Formlabs (US).
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