Published Date: 8-Dec-2020
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According to a new report Global 3D Printed Wearables Market, published by KBV research, The Global 3D Printed Wearables Market size is expected to reach $5.1 billion by 2026, rising at a market growth of 10.9% CAGR during the forecast period.
The segment of prosthetics represented the biggest share of revenue in 2019. The huge market share of this segment is credited to the rising predominance of chronic diseases and the expanding demand for prosthetics implants in emerging nations. An expanding number of amputation cases around the world and a surge in limb amputation because of cardiovascular diseases are other components probably going to boost the development of this segment during the forecast period.
Based on end-user, the segment of academic institutes represented the biggest share of revenue in 2019. This is because of the rapidly growing population of the patient and expanding demand in R&D of 3D printed wearable devices. Expanding demand in the 3D printing industry by leading players in the market to improve their profitability and proficiency has driven the manufacturers to build their focus on these activities.
The market of 3D printed wearables is dominated by North America and represented the biggest revenue share in 2019. The region is foreseen to proceed with its dominance over the forecast period. This development can be credited to a rapid expansion in the development of 3D printed wearables to satisfy the increasing need for effective healthcare in the nation and solid R&D and the advancement of new treatments.
Structural Insights: https://www.kbvresearch.com/3d-printed-wearables-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of General Electric (GE) Co., Koninklijke Philips N.V., Medtronic PLC, Omron Corporation, Nike, Inc., Under Armour, Inc., 3D Systems Corporation, BioTelemetry, Inc., Cyfuse Biomedical K.K., and Everist Health, Inc.
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