Digital 3D Printing Market Synopsis
The global market for digital 3D printing market size is estimated to record a promising a CAGR of 20.54%, and hold a value of USD 5,214.8 during the assessment period. The increasing usage of 3D printing in the healthcare sector is projected to drive the global digital 3D printing market 2020. With the emergence of such technology, the healthcare sector has posed to be more advanced. Besides, dental & orthodontic treatments have become more advanced. Also, other practices such as tissue engineering, orthopedic implants, and drugs are likely to be more efficient.
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Besides, the burgeoning technical advancement in digital 3D printing and growing public-private funding for 3D printing activities are pivotal factors magnifying the market size. The global market for digital 3D printing is estimated to flourish, owing to the number of benefits offered. The technique is used to fasten the process and assists in lessening the pain faced by patients due to the worn-out and traditional treatment options.
On the contrary, the lack of technical knowledge is projected to hamper the market. However, the outbreak of COVID-19 has resulted in affecting the economies of various countries adversely. In such a situation, digital 3D printing technology is assisting in offering service to construct a strong healthcare infrastructure on patient’s safety. The biggest achievement of the digital 3D printing market is the production of PPE materials with the help of 3D printing systems.
Digital 3D Printing Market Segmentation
The worldwide market for digital 3D printing market can be classified on the basis of material, component, application, technology, end-user, and region.
On the basis of material, the global market for digital 3D printing market can be classified into metal & alloy, polymers, ceramics, and others.
On the basis of component, the worldwide market for digital 3D printing market can be segmented into system/device and software/services. System/Device.
On the basis of application, the global market for digital 3D printing market can be classified into prosthetics, dental, drug screening, orthopedics, tissue engineering, medical components, hearing aids, and others.
On the basis of technology, the worldwide market for digital 3D printing market can be classified into stereolithography, deposition modeling, laser sintering, jetting technology, electron beam melting, and others.
On the basis of end-user, the global market for the digital 3D printing market can be classified into dental clinics & laboratories (offices), hospitals & surgical centers, pharmaceutical & biotechnology companies, and others.
On the basis of region, the worldwide market for digital 3D printing market can be classified into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Digital 3D Printing Market Regional Analysis
The worldwide market for digital 3D printing market is projected to expand significantly during the assessment period. As per the research, the global market is projected to be dominated by the Americas. In North America, the US is anticipated to dominate the region. The region comprises an advanced healthcare infrastructure, along with the presence of an established market player. Besides, the increasing awareness and application of advanced treatment are the major factors driving the regional market. On the other hand, the APAC region is anticipated to be the fastest-expanding market owing to the increased disposable income along with the increasing older population. Besides, countries such as Japan, China, Australia, and India are estimated to valuable participation in strengthening the market.
Digital 3D Printing Market Key Players
The renowned entities of the global digital 3D printing market are
- EnvisionTEC (US)
- Renishaw PLC (UK)
- Stratasys Ltd (US)
- 3D Systems Inc. (the US)
- Carbon, Inc. (the US)
- Formlabs (US)
- General Electric (US)
- ExOne (US)
- Materialise (Europe)
- Micron Dental (US)
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