Australia 3D Printed Wearables Market Size & Outlook
- MedTech
- 3D Bioprinting
- 3D Printed Wearables Market Outlook
- 3D Bioprinting
Australia 3D Printed Wearables Market, 2018-2030 (US$M)
Global Market
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Australia 3d printed wearables market highlights
- The Australia 3d printed wearables market generated a revenue of USD 73.4 million in 2023 and is expected to reach USD 120.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, prosthetics was the largest revenue generating product in 2023.
- Orthopedic Implants is the most lucrative product segment registering the fastest growth during the forecast period.
3d printed wearables market data book summary
| Market revenue in 2023 | USD 73.4 million |
| Market revenue in 2030 | USD 120.8 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Prosthetics |
| Fastest growing segment | Orthopedic Implants |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Prosthetics, Orthopedic Implants, Surgical Instruments, Smart Watches, Fitness Trackers |
| Key market players worldwide | 3D Systems Corp, Stratasys Ltd, Portland General Electric Co, Koninklijke Philips NV, OMRON Corp, EnvisionTEC, Cyfuse Biomedical, Zephyr Technologies, Everist Health |
Other key industry trends
- In terms of revenue, Australia accounted for 1.9% of the global 3d printed wearables market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan 3d printed wearables market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 314.3 million by 2030.
Healthcare spending in Australia is expected to increase by 2% from 2019 to 2023. The major factor driving this growth is assistance for public hospitals, medical services, and benefits. Spending on medical benefits is expected to increase by 9.8% from 2019 to 2023.
This in turn, will increase the adoption of medical services in the country. 3D printing technology is also making its place in the Australian market. Australian researchers are continuously taking efforts for developing the 3D-printed technology to produce replacement joints and bones.
In line with these efforts, in November 2019, the Australian government provided around USD 2.7 million for establishing new training centers that will help in developing next-generation personalized spine, hip, knee, jaw, and shoulder medical implants.
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3D Printed Wearables Market Scope
3D Printed Wearables Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| OMRON Corp | View profile | 28,034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | www.omron.co.jp |
| Portland General Electric Co | View profile | 2,842 | 121 South West Salmon Street, Portland, OR, United States, 97204 | www.portlandgeneral.com |
| 3D Systems Corp | View profile | 2,032 | 333 Three D Systems Circle, Rock Hill, SC, United States, 29730 | www.3dsystems.com |
| Stratasys Ltd | View profile | 1,980 | c/o Stratasys, Inc, 7665 Commerce Way, Eden Prairie, MN, United States, 55344 | www.stratasys.com |
| EnvisionTEC | View profile | 51-100 | Dearborn, Michigan, United States, North America | envisiontec.com |
| Cyfuse Biomedical | View profile | 1-10 | Tokyo, Tokyo, Japan, Asia | www.cyfusebio.com |
| Zephyr Technologies | View profile | 11-50 | Kochi, Kerala, India, Asia | www.zephyrtechnologies.co |
| Everist Health | View profile | 11-50 | Ann Arbor, Michigan, United States, North America | everisthealth.com |
Australia 3D Printed Wearables Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 3D Printed Wearables Market Outlook will help companies and investors design strategic landscapes.
Prosthetics was the largest segment with a revenue share of 35.01% in 2023.
Horizon Databook has segmented the Australia 3d printed wearables market based on prosthetics, orthopedic implants, surgical instruments, smart watches, fitness trackers covering the revenue growth of each sub-segment from 2018 to 2030.
Healthcare spending in Australia is expected to increase by 2% from 2019 to 2023. The major factor driving this growth is assistance for public hospitals, medical services, and benefits. Spending on medical benefits is expected to increase by 9.8% from 2019 to 2023.
This in turn, will increase the adoption of medical services in the country. 3D printing technology is also making its place in the Australian market. Australian researchers are continuously taking efforts for developing the 3D-printed technology to produce replacement joints and bones.
In line with these efforts, in November 2019, the Australian government provided around USD 2.7 million for establishing new training centers that will help in developing next-generation personalized spine, hip, knee, jaw, and shoulder medical implants.
- Australia 3D Printed Wearables Market Product Outlook (Revenue, USD Million , 2018-2030)
- Prosthetics
- Orthopedic Implants
- Surgical Instruments
- Smart Watches
- Fitness Trackers
- Australia 3D Printed Wearables Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospital
- Pharma and Biotech companies
- Academic Institutes
- Others (medical and surgical centers)
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia 3D Printed Wearables Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia 3D Printed Wearables Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Australia 3D Printed Wearables Market, 2018-2030 (US$M)
Australia 3d printed wearables market statistics, by product, 2018-2030 (US$M)
