PUBLISHER: The Business Research Company | PRODUCT CODE: 1509570
PUBLISHER: The Business Research Company | PRODUCT CODE: 1509570
3D printed wearables are devices or accessories manufactured using additive manufacturing, commonly known as 3D printing, designed to be worn on the body. They are crafted to provide a superior fit, improved functionality, and visual appeal compared to traditionally made items.
The primary categories of 3D printed wearables include orthopedic implants, prosthetics, smartwatches, surgical instruments, and fitness trackers. Orthopedic implants are specialized medical devices used to support or replace damaged bones or joints, enhancing mobility and reducing discomfort. These products are distributed through various channels such as online and offline retail, direct sales, healthcare providers, and customization platforms. They cater to a range of end-users including pharmaceutical and biotech firms, hospitals, academic institutions, and others.
The 3D printed wearables market research report is one of a series of new reports from The Business Research Company that provides 3D printed wearables market statistics, including 3D printed wearables industry global market size, regional shares, competitors with a 3D printed wearables market share, detailed 3D printed wearables market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printed wearables industry. This 3D printed wearables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The 3D printed wearables market size has grown strongly in recent years. It will grow from $3.76 billion in 2023 to $4.07 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The historic period saw growth due to rising demand for high-quality healthcare services, greater investments in the 3D printing sector, advancements in wearable robotics, expanding adoption within the fashion realm, and heightened utilization for enhancing sports performance.
The 3D printed wearables market size is expected to see strong growth in the next few years. It will grow to $5.68 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. Growth in the forecast period is fueled by escalating demand for personalized products, a higher incidence of chronic diseases such as diabetes, a surge in eco-conscious consumerism, and increased focus on preventive healthcare. Key trends during this period encompass biofabrication, miniaturization, technological strides, smart wearable devices, and the embrace of modular design principles.
The increasing prevalence of diabetes is expected to drive the expansion of the 3D printed wearables market in the foreseeable future. Diabetes is a persistent health condition characterized by elevated blood glucose levels, often stemming from insufficient insulin production or ineffective insulin utilization. This rise in diabetes rates can be attributed to factors such as an aging population, genetic predispositions, and heightened stress levels in contemporary society. 3D printed wearables for diabetes management encompass tailor-made devices leveraging 3D printing technology to monitor and regulate blood glucose levels, administer insulin, and provide real-time health insights to individuals with diabetes. For example, as of July 2021, the International Diabetes Federation reported an estimated 537 million adults with diabetes, a figure projected to climb to 783 million by 2045. Consequently, the increasing prevalence of diabetes is a driving force behind the growth of the 3D printed wearables sector.
Leading companies in the 3D printed wearables arena are concentrating their efforts on introducing solutions that harness advanced technologies such as multi-jet fusion (MJF) technology to achieve faster production speeds and gain a competitive edge. MJF is an innovative 3D printing technique enabling rapid, precise, and cost-effective manufacturing of parts using various materials. For instance, in March 2022, SEVENFRIDAY AG, a Swiss manufacturing firm, unveiled the FREE-D watch, a 3D-printed wearable watch with an industrial-inspired design. This watch features components produced using HP Multi Jet Fusion (MJF) technology using PA11, an eco-friendly polyamide material. It prioritizes comfort, lightweight construction, flexibility, and durability due to its design and materials. Additionally, each watch is linked to a unique NFT (Non-Fungible Token) certificate via an NFC (Near Field Communication) chip, enhancing its collectible and futuristic appeal.
In February 2021, Meta Inc., a US-based tech company, acquired Luxexcel for an undisclosed sum. This acquisition is aimed at advancing Meta's vision for the Metaverse by enhancing the design, functionality, and user experience of its AR devices, making them more practical and appealing for daily use. Luxexcel, headquartered in the Netherlands, specializes in 3D printing ophthalmic lenses.
Major companies operating in the 3D printed wearables market are Nike Inc., Adidas America Inc., Koninklijke Philips N.V., OMRON Corporation, Under Armour Inc., New Balance Athletics Inc., Stratasys Ltd., EOS GmbH Electro Optical Systems, 3D Systems Corporation, Proto Labs Inc., Materialise NV, Desktop Metal Inc., Carbon Inc., Markforged Inc., Formlabs Inc., LifeWatch AG, Envisiontec Inc., Zortrax Sp. z o.o., EnvisionTEC Inc., Shapeways Inc., Cyfuse Biomedical K.K., Zephyr Technology Corporation, Everist Genomics Inc.
North America was the largest region in the 3D printed wearables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 3D printed wearables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the 3D printed wearables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The 3D printed wearables market consists of sales of straps and bands, smart glasses or prosthetics, conductive inks and filaments, and biometric sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
3D Printed Wearables Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on 3D printed wearables market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for 3D printed wearables? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The 3D printed wearables market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.