Home » Business, Electronics & Semiconductors, Health & Medicine, Manufacturing & Industry, Technology » BIS speculates 3D Printing industry to exhibit sustained double digit growth till 2020

BIS Research has been continuously tracking the trends and developments across the additive manufacturing ( 3D Printing Industry) and has published a host of extensive market intelligence reports covering various facets of the industry. Our reports draw inferences with participation of market players through in-depth interviews. Over the last two years, we have engaged with both established and upcoming players in the industry to discuss their developments and products in order to understand the evolution of the industry and curate a future roadmap.

The proliferation of 3D printing technology at an industrial level can be attributed to the growing advancement in the arena of metal 3D printing. The process of metal 3D printing is now paving its way into the mainstream manufacturing industry. Owing to the gradual developments occurring in the field of technology as a whole, metal 3D printing is now proving to be an indispensable part of the manufacturing sector.

BIS Research has come out with its meticulous report on:
Global Metal 3D Printers Market: Metal & Alloy (Titanium, Gold, Silver, Aluminum, Cobalt, Copper, Tungsten, and Nickel among Others), Application (Medical, Aerospace & Defense, Automotive, Fashion & Aesthetics, & Others – Analysis and Forecast (2015 –2020)

According to the report, the market size of metal 3D printing is projected to grow to $2,240.28 million by the year 2020, and the total number of metal 3D printers is anticipated to cross 5,334 units at a CAGR of 34.5%, between 2015 and 2020.

Increasing maturity in 3d printing technology opens up multi prong growth avenues

According to the analysts at BIS Research, “Up till the year 2011, high initial set-up cost, non-availability of qualified metals to be used as raw material along with other restraints inhibited the overall growth of metal 3D printing. However, with the advent of technology, the applications surrounding metal 3D printing have evolved, as can be seen from the growth that this industry has incurred from the year 2013, when the revenue was less than half of what it is expected to be by the end of year 2015”. Factors like increased government funding towards 3D printing in various countries and customizability are driving the overall market growth in this domain. Although, the market is still relatively fragmented, mainstay industrial players are resorting to mergers, acquisitions and product launches imbibing the latest technologies in an attempt to increase their overall market share.

The report includes a detailed examination of the market drivers, opportunities, and growth trends mapped across different technologies, industry verticals, and geographies. The industry analysis presents detailed insights into the attractiveness of the metal 3D printing industry by analyzing the Porter’s five forces in a quantified manner. The metal and metal alloys used in 3D printing are analyzed including the market size and growth opportunities related to the material market. The industry vertical analysis presents scrupulous market statistics for different verticals that are Automotive, Aerospace & Defense, Healthcare, and Fashion & Aesthetics. The report also details the metal and metal alloys that are currently used in manufacturing of direct parts from 3D printers.

3d printing disrupts the healthcare industry by establishing promising end-use applications

Further, the healthcare industry is experiencing a revolutionary change due to technological advancements in the 3D printing technological framework. 3D printing in terms of bio-printing, medical & dental implants, ortho-implants and prosthetics among others is pushing the healthcare 3D printing industry to the next level. The different materials such as metal, metal alloys, plastics, and ceramics among others are helping the 3D printing technology to easily integrate with the human body.

As per its report, Global 3D printing Healthcare Market, Estimation & Forecast: 2016 – 2022, the analysts at BIS Research have estimated the industry to grow over $3.89 billion by 2022 at a CAGR of 21.9% through 2016 to 2022. The report also estimates that the total number of 3D printers in the healthcare sector is expected to cross 291,514 units by 2022 at an estimated CAGR of 25.7%, between 2016 and 2022.

 

The report on healthcare 3D printing from BIS Research has laid special emphasis on different materials and technologies used in healthcare 3D printing. The major players in the industry are engaged in various associated activities in the form of mergers, acquisitions, product launches & developments, and expansions among others. The different applications analyzed in the report are prosthetics, bio-printing, dental, medical implants, and hearing & audibility aid, among others, wherein bio-printing and prosthetics application is the fastest growing owing to its greater deal of importance in healthcare industry.

Lastly, both the report deals with detailed competitive landscape and various company profiles of all key players across the 3D printing ecosystem. The report also formulates the entire value chain of the market, along with industry trends of 3D printing industry verticals used with emphasis on market timelines & technology roadmaps. We exhaustively use both primary sources (in-house experts, industry thought leaders, market players, and independent consultants) and secondary sources (a host of paid online databases) along with analytical tools to build our forecast and predictive models.

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City: Bloomington
State: Minnesota
Country: United States
Website: www.bisresearch.com

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