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Global 3D Printed Wearables Market 2021: By Product Type (Prosthetics, Orthopedic Implants, Surgical Instruments, Smart Watches, Fitness Trackers), By End-User (Hospital, Pharma and Biotech companies, Academic Institutes, Others)The Global The Global 3D Printed Wearables market size was valued at USD $2.9 Billion in 2020, USD $3.18 Billion in 2021, forecasted to reach USD $3.49 Billion in 2022, and is projected to reach USD $7.16 Billion by 2030, and is anticipated to expand at a CAGR of 9.55% over the forecast period from 2020 to 2030. Global 3D Printed Wearables Market is the title of an upcoming report offered by Trusted Business Insights. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global 3D printed wearables market has been segmented on the basis of product type, end-user, as well as regions and countries.Request Covid - 19 Impact
Overview:3D printing or additive manufacturing is a process of making three-dimensional solid objects from a digital file. 3D printed wearables refers to smart electronics devices that have been manufactured using these additive processes, and can be worn close to, or on the surface of an individuals skin.
Dynamics:The incorporation of numerous innovations in 3D printing technology have allowed several manufacturers to create a wide range of devices, especially those for medical purposes, and these devices have proven to be far more efficient and capable of completing a task when compared to conventional devices. This is a major factor that is expected to fuel the revenue growth of the global 3D printed wearables market over the next 10 years. The increasing demand for uniquely designed or customized products is compelling key industry players to focus on offering personalized products. Moreover, in recent times, there is a greater interest towards wearable healthcare devices from both consumers and industry players alike. These factors are also expected to play a pivotal role in influencing future market growth opportunities for this global industry. However, in light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global 3D printed wearables market is no different. This factor may potentially impede on the revenue growth of the global 3D printed wearables market in the near future. Nonetheless, although the 3D printing industry is still in a state of infantility, the lower costs associated with this process of manufacturing healthcare and other wearable devices when compared to conventional methods, is a factor that is expected to exhibit great potential for future revenue growth opportunities.
Segmentation of the global 3D printed wearables market is as follows:In terms of product type, the prosthetics segment accounted for the maximum number of revenue shares of the global 3D printed wearables market in 2020, and is expected to continue to do so for the remainder of the forecast period. This can be attributed to the increasing demand for prosthetic implants, especially in developing economies, as well as the growing prevalence of chronic diseases across the world. With regards to end-user, the academic institutes segment accounted for the highest number of revenue shares of the global 3D printed wearables market in 2020, and is slated to index considerable revenue growth in the coming years. This can be attributed to the increasing investments being made by key industry players towards R&D activities, as a result of ever-growing patients pools across the world.
Below are the active patents related to 3D Printed Wearables Market.Patent Number: US20170293286A1 Generating of 3d-printed custom wearables Abstract Disclosed is a platform for generating and delivering 3-D printed wearables. The platform includes scanning, image processing, machine learning, computer vision, and user input to generate a printed wearable. Scanning occurs in a number of ways across a number of devices. The variability of scanning generates a number of scanning output types. Outputs from the scanning process are normalized into a single type during image processing. The computer vision and machine learning portions of the platform use the normalized body scan to develop models that may be used by a 3D printer to generate a wearable customized to the user. The platform further provides opportunities for the user to check the work of the scanning, image processing, computer vision, and machine learning. The user input enables the platform to improve and inform the machine learning aspects. Type: Grant Filed: 2017-06-27 Date of Patent: 2017-10-12 Assignee : Wiivv Wearables Inc
Below are the leading companies profiled in this 3D Printed Wearables Market Report:
Chapter 1 Methodology and Scope