Technological Advancements in Digital 3D Printing are Expected to Boost the Growth of the Global Digital 3D Printing Market at a CAGR of 21.20% During the Forecast Period of 2023 to 2030

Overview

The global digital 3D printing market will grow at a CAGR of  21.20% during the forecast period 2023 to 2030. The market for digital 3D printing is set to reach US$ 14,404.36 Million by 2030. As per digital 3D printing market analysts, the global market is anticipated to witness growth owing to the factors such as increasing applications of digital 3d printing in the healthcare industry as well as 3D Printing techniques empowering medical practitioners. However, the digital 3D printing market will face challenges and restraints due to complex commercialization and lack of awareness during the forecast period 2023 to 2030.

 The increasing application areas in dental & orthodontic treatments and orthopedic implants in the digital 3D printing market will support the growth. As per digital 3D printing market analysts, the digital 3D printing market based companies will face certain challenges during the forecast period 2023 to 2030. The digital 3D printing market research report provides in-depth analysis of the application, component, end user, material, and technology segments. The digital 3D printing market research report presents factors such as the high cost of equipment that could slow down the digital 3D printing market's growth.

Market Segmentation

The digital 3D printing market has been segmented into application, component, end user, material, and technology. Based on the segment which is application, the market is categorized on the basis of dental, drug screening, hearing aids, medical components, orthopedics, prosthetics, tissue engineering, and others. The global market for digital 3D printing is further segmented based on component into system/device and software/services. Furthermore, the market, on the basis of material is segmented into ceramics, metal & alloy, polymers, and others. Based on the segment which is technology, the market is categorized on the basis of deposition modeling, electron beam melting, jetting technology, laser sintering, stereolithography, and others. The global market for digital 3D printing is further segmented based on end user into dental clinics & laboratories (offices), hospitals & surgical centers, pharmaceutical & biotechnology companies, and others.

The digital 3D printing market report offers comprehensive study of the digital 3D printing market segments including application, component, end user, material, and technology. The analysts have also studied the digital 3D printing market's spread across the regional markets across many of the digital 3D printing market’s segments at country levels. The application, component, end user, material, and technology segments spread across the digital 3D printing market along with the subsegments are studied. The global market for digital 3D printing is spread across various product and service based segments. The digital 3D printing market research report highlights these key segments and offers forecasts based on primary and secondary data. The global digital 3D printing market research report presents key company profiles of organizations active across the digital 3D printing market.

Regional Overview

High cost of materials and equipment may hinder the digital 3D printing market growth. The digital 3D printing market research report suggests that companies in the digital 3D printing market could be supported by applications across tissue engineering, and drug development as well as the increasing benefits of the mentioned applications during the forecast period. The digital 3D printing market is set to register growth at a high CAGR owing to these key factors. The digital 3D printing market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per digital 3D printing market analysts, the digital 3D printing market is set to witness tremendous growth across application, component, end user, material, and technology segments. The global digital 3D printing market’s North American region covers digital 3D printing markets across the United States, Mexico, Canada, and others. Businesses present in the digital 3D printing market are also profiled and their strategies have been presented in detail in the digital 3D printing market research report.

The digital 3D printing market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the digital 3D printing market research report provides details about the APAC region covering digital 3D printing markets from China, India, Australia, Japan, and others. The digital 3D printing market is also active across several other parts of the world. The digital 3D printing market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global digital 3D printing market..

Competitive Landscape

Digital 3D printing has seen tremendous growth, due to technological advancements in digital 3D printing and increased public-private funding . However, low levels of awareness and unfavorable corporate policies would challenge the companies active in the digital 3D printing market. Furthermore, companies using growth strategies to stay ahead in the global digital 3D printing market are expected to help the market during the forecast period 2018 to 2025. As the digital 3D printing market report suggests that the digital 3D printing market will register a CAGR of 20.54% and reach a US$5,214.8 million by 2025, the market report highlights key areas digital 3D printing market based companies need to focus on. The digital 3D printing market research report projects a long term growth till 2025. Based on digital 3D printing market’s analysis on the basis of SWOT and Porters’ Five Force Model, the digital 3D printing market will rise during the forecast period 2018 to 2025, however the companies need to move ahead with caution. The digital 3D printing market research report highlights such key areas.

Industry News 

In the context of a full deal for the purpose of purchasing up to $100 million in total, including cash and stock, 3D printing startup Origin Inc. was announced by Stratasys. The combination enables Stratasys with the next gen photo polymer system to extend its supremacy through creativity within the fast-growing MPU market. The procurement is scheduled to end in January 2021, subject to different permissions and other closing conditions.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Digital 3D Printing Market Research Report