Summary - A new market study, titled “Global Digital 3D Printing Market Research Report—Forecast till 2025” has been featured on WiseGuyReports.
Market Dynamics
The global 3D printing market is evaluated to reach a CAGR of 20.54% during the forecast period. 3D printing is also known as additive manufacturing it is the process of creating three dimensional solid objects using digital data. The software, hardware, and materials work together in this additive manufacturing process. In this process, the material is solidified under computer control and deposited layer by layer on the surface; the number of layers is dependent on the features and qualities of that digital file. The process is carried out until the time of the creation of the object. 3D Printing overcomes the disadvantages of traditional printing and the creation of a complicated model becomes easy and effortless due to it using less material.
The 3D printing is emerging as a permissive technology for various unfold applications and the global market is anticipated to push the growth. Nowadays the technology is emerging into the healthcare sector enabling 3D printing applications for medical practitioners, manufacturers of medical devices, as well as researchers in drug development and safety, dental & orthodontic treatments, etc. The technology is adopted rapidly as it helps patient engagement in understanding their diseases and participating in their decision-making and improves communication with patients. The market growth of global 3D printing is propelled by increasing public-private funding for 3D Printing development and technology up-gradation.
Segmentation
Global Digital 3D Printing Market analysis has been categorized into four sectors as Component, Material, Technology, Application, and End User.
By component type, the global market is segmented as a system/device and software/services. By material segment, there are four subcategories namely polymers, metal & alloy, ceramics, and others.
The technology type is further divided into stereolithography, deposition modeling, laser sintering, jetting technology, electron beam melting, and others.
Based on the application segment the global digital 3D printing market is subdivided into dental, prosthetics, orthopedics, medical components, tissue engineering, hearing aids, drug screening, and others. By the end-user category, the market is segmented into hospitals & surgical centers, dental clinics & laboratories (offices), pharmaceutical & biotechnology companies, and others.
Regional Analysis
The geographical market of digital 3D printing spreads across the globes and it covers Americas, Europe, Asia-Pacific, and the Middle East & Africa.
In 2018, the highest market share was held by the Americas, North America led the regional market due to advanced healthcare sector and the existence of major market players. The second-largest market for digital 3D printing is Europe because of encouraging government support and regulations, sophisticated lifestyle and existence of fast-growing countries such as Germany, the UK, and France.
Asia-Pacific is expected to register a substantial market growth during the study period owing to the rising per capita expenditure on health, increasing older population base, and emerging the healthcare sector in China, Japan, India, and Australia.
The Middle East & Africa digital 3D printing market is spread across two major regions, namely the Middle East and Africa.
Major Players
The major market players in the Global Digital 3D Printing Market are Stratasys Ltd (US), 3D Systems, Inc. (the US), Carbon, Inc. (US), EnvisionTEC (US), Formlabs (US), ExOne (US), Materialise (Europe), General Electric (US), Micron Dental (US), Renishaw PLC (UK).
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