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 15:34
Wilson Miao, Member of Parliament for Richmond Centre, on behalf of the Honourable Carolyn Bennett, Minister of Mental Health and Addictions and Associate Minister of Health, will announce funding to promote mental health in postpartum women and...

at 15:30
Leaders and members of the Ontario Nurses' Association (ONA) rallied alongside patients, community members and labour leaders today to call for Hamilton Health Sciences to staff up to start to clear surgical backlogs, and to provide an easy way for...

at 15:30
New Chicago ARC partners OSF HealthCare, Americare Senior Living, University of Illinois at Urbana-Champaign (UIUC), Insight Hospital and Medical Center, and Illinois Tech join a collaborative of leading organizations to create an ambitious...

at 15:28
George W. Jabren, MD, FACS, is being recognized by Continental Who's Who as a Trusted Healthcare Professional for his outstanding career in urology and in acknowledgment of his work at Urology of Greater Atlanta. Dr. Jabren began his college...

at 15:21
CREF Global Corporate Real Estate & Facilities today announced the addition of Neil Ravitz, who will serve as Senior Vice President of Operations. In this role, Neil will help scale CREF's SaaS platform iCREF, and develop and lead key business...

at 15:14
City of Hope, one of the largest cancer research and treatment organizations in the United States, today announced it has received, along with other leading cancer centers, an $8 million Therapy ACceleration To Intercept CAncer Lethality (TACTICAL)...

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