Digital 3D Printing Market Report 2020, Size, Share, Trends, Growth and Industry Analysis by Component (System/Device, Software/Services), Material (Polymers, Metal and Alloy, Ceramics), Technology (Stereo Lithography, Deposition Modeling, Laser Sintering, Jetting Technology, Electron Beam Melting), Application (Dental, Prosthetics, Orthopedics, Medical Components, Tissue Engineering, Hearing Aids, Drug Screening), End-User (Hospitals & Surgical Centers, Dental Clinics & Laboratories (Offices), Pharmaceutical & Biotechnology Companies) and Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa) – Global Forecast till 2025
Digital 3D Printing Market Highlights
Digital 3D Printing Market is expected to have a market value of USD 5,214.8 Million till 2025. The digital 3D printing process involves a systematic evaluation and improvement of the products and services to achieve better quality. Digital 3D printing is related to those who manage the delivery of healthcare services. It seeks to improve the effectiveness of treatment and increase patient satisfaction with the service. It comprises of measurement, assessment, and improvement steps.
Digital 3D Printing Market Segment Analysis
Global Digital 3D Printing Market has been segmented based on Component, Material, Technology Application, and End User.
The market, based on component, has been bifurcated into system/device and software/services. The market, based on material, has been segregated into polymers, metal and alloy, ceramics, and others. The market based on technology has been bifurcated into stereolithography, deposition modeling, laser sintering, jetting technology, electron beam melting and others. The market, based on application, has been segregated into dental, prosthetics, orthopedics, medical components, tissue engineering, hearing aids, drug screening, and others. The dental segment has been further segmented into clear aligners and dental implants, dentures, crowns & bridges, and others. The dental implants segment is also classified into endosteal implants and sub-periosteal implants. The prosthetics segment has been further classified into prosthetic implants, hip disarticulation, lower limb/extremity componentry, finger splints, and others. The tissue engineering segment has been further bifurcated into bone and cartilage scaffolds, ligament and tendon scaffolds. The market, based on end-user, has been segregated into hospitals & surgical centers dental clinics & laboratories (offices), pharmaceutical & biotechnology companies and others.
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Digital 3D Printing Market Regional Analysis
The Global Digital 3D Printing Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa.
The Americas led the market and accounted for the largest share in 2018, owing to the presence of major market players, developed healthcare infrastructure, high awareness, and availability of advanced treatment options. For instance, in November 2015, a group of medical researchers from North Carolina’s Wake Forest University developed a method to print the 3D form of custom medications in the configuration of pills. These medical researchers at the university designed 3D printed pills with specific doses according to the medical and biological profile of an individual’s body weight, race, gender, and organ functions to improve the effectiveness and minimize the side-effects.
Europe accounts for the second-largest share in the global digital 3D printing market. The European Union (EU) estimated that around 850,000 medical errors were recorded in hospitalizations. Moreover, the rising pressure to reduce healthcare costs, rapidly increasing technological advancements, and better product and service availability in the region is expected to have a positive impact on the digital 3D printing market in Europe
Asia-Pacific is estimated to be the fastest-growing market during the forecast period due to the rising prevalence of chronic and acute diseases such as HIV, cancer, and diabetes, a large number of research organizations, and the development of new infrastructure to support the healthcare industry are expected to drive the market growth. Moreover, the increasing focus of big pharmaceutical companies to enter into this region is expected to drive the market growth.
The Middle East & Africa digital 3D printing market is segmented into two major regions, namely the Middle East and Africa. The Middle East and Africa have less economic developments and extremely low-income due to which the region accounts for the least market share but is expected to grow with the increasing cases of chronic diseases and demand for better treatments in countries.
Digital 3D Printing Market Key Players
MRFR recognizes the following companies as the Key Players in the Global Digital 3D Printing Market— Stratasys Ltd (US), 3D Systems, Inc. (the US), EnvisionTEC (US), ExOne (US), General Electric (US), Formlabs (US), Materialise (Europe), Micron Dental (US), Carbon, Inc. (the US), Renishaw PLC (UK).
Key Findings of the Study
- Global Digital 3D Printing Market is estimated to grow at USD 5,214.8 Million by 2025 at a CAGR of 20.54% during the assessment period
- The Americas accounted for the largest share of the global digital 3D printing market due to the existence of medical device companies and the rising prevalence of diseases along with increased adoption of treatment by patients.
- Based on the component, the system/device segment accounted for the largest market share of 61.51% in 2018.
- Based on material, the polymer segment accounted for the largest market share of 38.31% in 2018.
- Based on technology, the stereolithography segment accounted for the largest market share of 31.48% in 2018.
- Based on application, the dental segment accounted for the larger market share of 22.73% in 2018.
- On the basis of end user, the hospitals & surgical centers segment accounted for the largest market share of 57.51% in 2018.
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