The 3d printed wearables global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
3D Printed Wearables Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The 3D printed wearables market size has grown strongly in recent years. It will grow from $3.76 billion in 2023 to $4.07 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to growth in demand for quality healthcare services, increased investment in the 3D printing industry, increased development of wearable robotics, increased adoption in the fashion industry, and increased use in sports performance.
The 3D printed wearables market size is expected to see strong growth in the next few years. It will grow to $5.68 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing demand for personalization, rising prevalence of chronic conditions, rising prevalence of diabetes, growing demand for eco-friendly products, and rising awareness of preventive healthcare. Major trends in the forecast period include biofabrication, miniaturization, technological advancements, smart wearables, and adoption of modular design.
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Scope Of 3D Printed Wearables Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
3D Printed Wearables Market Overview
Market Drivers –
The rising prevalence of diabetes is expected to propel the growth of the 3D printed wearables market going forward. Diabetes is a chronic health condition defined by excessive blood glucose levels, which are generally caused by inadequate insulin synthesis or poor insulin usage. The rising prevalence of diabetes can be attributed to factors such as an aging population, genetic predispositions, and increased stress levels in modern society. 3D printed wearables in diabetes management are custom-designed devices that use 3D printing technology to monitor and manage blood glucose levels, deliver insulin, and offer real-time health data to diabetics. For instance, in July 2021, according to the International Diabetes Federation, the number of adults with diabetes was estimated to be 537 million in 2021, and this number is projected to rise to 783 million by 2045. Therefore, the rising prevalence of diabetes is driving the growth of the 3D-printed wearables market.
Market Trends –
Major companies operating in the 3D printed wearables market are focusing their efforts on introducing solutions that utilize advanced technology, such as multi-jet fusion technology, to offer faster build speeds and gain a competitive edge in the market. Multi-Jet Fusion (MJF) is an innovative 3D printing method that allows for the rapid, precise, and cost-effective manufacture of parts made from a variety of materials. For instance, in March 2022, SEVENFRIDAY AG, a Switzerland-based manufacturing company, launched the FREE-D watch, an industrial-inspired 3D-printed wearable watch. It includes several elements printed with HP Multi Jet Fusion (MJF) technology from PA11, a sustainable polyamide material. The watch stresses wearing comfort, lightness, flexibility, and resistance because of its design and materials. Furthermore, every watch has an NFC (Near Field Communication) chip that links it to a unique NFT (Non-Fungible Token) certificate and is collectible, emulating the futuristic blending of industries.
The 3D printed wearables market covered in this report is segmented –
1) By Product Type: Orthopedic Implants, Prosthetics, Smart Watches, Surgical Instruments, Fitness Trackers
2) By Sales Channel: Online Retail, Offline Retail, Direct Sales, Healthcare Providers, Customization Platforms
3) By End-user: Pharma And Biotech Companies, Hospitals, Academic Institutes, Other End-users
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Regional Insights –
North America was the largest region in the 3D printed wearables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 3D printed wearables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the 3D printed wearables market are Nike Inc., Adidas America Inc., Koninklijke Philips N.V., OMRON Corporation, Under Armour Inc., New Balance Athletics Inc., Stratasys Ltd., EOS GmbH Electro Optical Systems, 3D Systems Corporation, Proto Labs Inc., Materialise NV, Desktop Metal Inc., Carbon Inc., Markforged Inc., Formlabs Inc., LifeWatch AG, Envisiontec Inc., Zortrax Sp. z o.o., EnvisionTEC Inc., Shapeways Inc., Cyfuse Biomedical K.K., Zephyr Technology Corporation, Everist Genomics Inc.
Table of Contents
1. Executive Summary
2. 3D Printed Wearables Market Report Structure
3. 3D Printed Wearables Market Trends And Strategies
4. 3D Printed Wearables Market – Macro Economic Scenario
5. 3D Printed Wearables Market Size And Growth
…..
27. 3D Printed Wearables Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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