South Korea 3D Printed Wearables Market Size & Outlook
- MedTech
- 3D Bioprinting
- 3D Printed Wearables Market Outlook
- 3D Bioprinting
South Korea 3D Printed Wearables Market, 2018-2030 (US$M)
Global Market
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South Korea 3d printed wearables market highlights
- The South Korea 3d printed wearables market generated a revenue of USD 77.1 million in 2023 and is expected to reach USD 124.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.1% 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 77.1 million |
| Market revenue in 2030 | USD 124.4 million |
| Growth rate | 7.1% (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, South Korea accounted for 2.0% 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.
South Korea is actively investing in R&D of 3D printing technology, which can help in creating better future. However, the technology is still in the development stage in the country, as it is mainly used and developed by knowledge institutes and still need some time to be commercialized in the market.
In January 2020, the ICT’s National Radio Research Agency and Ministry of Science of Korea has submitted two standard proposals, that describes about the procedure for developing customized 3D-printed prosthetic based on patient requirement.
Korean experts are taking initiatives for international standardization of 3D printing in medical field, by collaborating with foreign professionals. This might also help in establishing proposals as international standard by 2022.
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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 |
South Korea 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 35.54% in 2023.
Horizon Databook has segmented the South Korea 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.
South Korea is actively investing in R&D of 3D printing technology, which can help in creating better future. However, the technology is still in the development stage in the country, as it is mainly used and developed by knowledge institutes and still need some time to be commercialized in the market.
In January 2020, the ICT’s National Radio Research Agency and Ministry of Science of Korea has submitted two standard proposals, that describes about the procedure for developing customized 3D-printed prosthetic based on patient requirement.
Korean experts are taking initiatives for international standardization of 3D printing in medical field, by collaborating with foreign professionals. This might also help in establishing proposals as international standard by 2022.
- South Korea 3D Printed Wearables Market Product Outlook (Revenue, USD Million , 2018-2030)
- Prosthetics
- Orthopedic Implants
- Surgical Instruments
- Smart Watches
- Fitness Trackers
- South Korea 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 South Korea 3D Printed Wearables Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea 3D Printed Wearables Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea 3D Printed Wearables Market, 2018-2030 (US$M)
South Korea 3d printed wearables market statistics, by product, 2018-2030 (US$M)
