Digital 3D Printing Market Analysis, Share, Research, Business Growth and Forecast to 2030
Digital 3D Printing Market Overview
Global digital 3D printing market is witnessing a
constant rise in its revenues, mainly due to the rising adoption of 3D printing
technology across industries. Some of the digital 3d printing market trends
include the rapidly evolving 3D printing technology and increasing applications
of this technology in the healthcare industry. 3D printing technologies have
not only improved practices in the medical field but have also empowered
manufacturers of medical devices and researchers, proving their worth in dental
& orthodontic treatments, orthopedic implants, tissue engineering, and drug
development.
The technology perceives a vast market demand that
leads to increasing the size of the market on the global front. According to
Market Research Future (MRFR), the global Digital 3D Printing Market is poised
to touch a valuation of USD 14,404.36 Million by 2030, registering 21.20% CAGR a throughout the forecast
period (2022 – 2030). Rising advances in the digital 3D printing technology led
by the rising R&D funding & initiatives of public-private sectors are
the major growth drivers contributing to the growth of the market.
Advantages that technology offers are boosting its
application rate in the 3D printing market. Besides, the rising popularity of
3D printing technology among end-users is expected to push the market growth in
the upcoming years. On the other hand, factors such as the lack of expertise
and knowledge about the technology are acting as major growth impeders for the
growth of the digital 3D printing industry.
Key
Players
digital
3D Printing market players are
Stratasys Ltd (US), 3D Systems, Inc. (US), Carbon, Inc. (US), EnvisionTEC (US),
Formlabs (US), ExOne (US), Materialise (Europe), General Electric (US), Micron
Dental (US), Renishaw PLC (UK).
Market Segmentation
The analysis is segmented into six main dynamics to
widen the scope of understanding,
By Component : System/Device and Software/Services
By Material: Polymers, Metal & Alloy, Ceramics,
and others.
By Technology :
Stereo Lithography, Deposition Modeling, Laser Sintering Jetting Technology,
Electron Beam Melting, and others.
By Applications :
Dental (Clear Aligners, Dental Implants, Endosteal Implants, Sub-Periosteal Implants, Dentures Crowns
& Bridges, others) Prosthetics
(Prosthetics implants, Hip Disarticulation, Lower Limb/Extremity Componentry,
Finger Splints, others), Orthopedics,
Medical Components, Tissue Engineering (Bone & Cartilage Scaffolds,
Ligament & Tendon Scaffolds, others), Hearing Aids, Drug Screening, and
others.
By End User: Hospitals & Surgical Centers,
Dental Clinics & Laboratories (Offices), Pharmaceutical & Biotechnology
Companies, and others.
By Regions: Americas, Europe, Asia-Pacific, Middle
East & Africa, and Rest-of-the-World
Regional Analysis
North America dominates the global digital 3D
printing market. The largest market share attributes to the presence of
established market players in the region and the augmenting demand for the
digital 3D printing technology. Besides, medical device companies in the
region, alongside the rising prevalence of diseases and increased adoption of
medical devices in the treatment foster the growth of the market.
Moreover, digital 3D printing market trends, such
as increasing advances and adoption of the technology is expected to drive the
market growth further. Furthermore, the well-established 3D printing
manufacturing industries in the region are substantiating the growth in the
market excellently. In 2018, the US market held the largest share in the North
American market.
Europe stands second in the market, heading with
the favorable government initiatives for the development of the technology.
Rising prevalence of lifestyle diseases and the presence of well-established
medical device industries in Germany, the UK, and France influence the regional
market growth. The size of the market in European territory is estimated to
increase rapidly during the assessment period.
The market in the Asia Pacific region is growing
briskly attributing to the increasing per capita health spending, geriatric
populaces, and incidence of accidents. Besides, the proliferating healthcare
sectors in China, Japan, India, and Australia are substantiating the growth of
the market.
Furthermore, the rising adoption of medical devices
is a dominant driving force pushing the regional market growth forward.
Substantial investments to expand 3D printing capabilities in rapidly
developing APAC economies such as China, South Korea, Japan, and India are
allowing the APAC market to remain among the top leaders.
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