World 3D Technology Market Overview:
3D printing, also known as desktop fabrication or additive printing technology, enables manufacturers to develop objects using a digital file and various printing materials. The materials used in 3D printing include several types of polymers, metals, and ceramics. This type of printing offers methodologies that can make manufacturing of complex designs an apparent reality. It is a process by which three dimensional solid objects are made from digital file.This technology is mainly beneficial for production of spare parts, which are otherwise very difficult to obtain.
3D technology in healthcare is an advancement of science that really helps in the treatment of many complex situations. It will be easy for the surgeons to operated based on the study of 3D models prior to the operations. It will also help young students to understand critical situations, making them ready for a bright future.
3D Technology Market was valued at $47.0 billion, and is expected to reach $176.1 billion by 2022, supported by a CAGR of 22%.
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Factors Driving the World 3D Technology Market:
The factors that drive the healthcare 3D printing market are reduction in the number of errors, dwindle in development cost and time, and the ability to build customized products. In addition, increase in applications in healthcare such as making 3D organs is expected to create lucrative growth opportunities in the future along with the increasing regulatory support from government. On the contrary, high cost of 3D printing, and scarcity of skilled professionals hamper the growth of the market. Also, high material cost, and unavailability of and poor quality of material are expected to be the restraining factors for market growth.
World 3D Technology Market Geographical Analysis:
Globally, North America leads the healthcare 3D printing market due to high investments from manufacturers and growing demand in medical domains. Asia-Pacific and Europe market is also expected to grow rapidly in future. In Asia-Pacific region the largest market is Japan, it is because of favourable government policies, increasing spending of government on development of printing technology and high sale of professional-grade 3D printers. China is second largest player in Asia-Pacific region.
Top Players Reported in this World 3D Technology Market are:
3D Systems, Arcam AB, Autodesk, Inc., Stratasys Ltd., The ExOne Company, Hoganas AB, Optomec, Inc., Organovo Holdings, Inc., Ponoko Limited, and Voxeljet AG.
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