3D Printed Wearables Market Size, Share & Trends Analysis Report By Product Type (Prosthetics, Orthopedic Implants), By End User (Hospital, Pharma & Biotech Companies), By Region, And Segment Forecasts, 2020 - 2027

Report Overview 

The global 3D printed wearables market size was valued at USD 3.0 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2020 to 2027. 3D printing technology involves the manufacturing of the medical device and other products layer by layers. The rising emphasis of manufactures on 3D printed wearable products is estimated to boost the growth of this market. As recently established 3D printed wearables are anticipated to overcome the shortcomings of the conventional products, 3D printed wearables sales are expected to rise shortly.

The major factor driving the market for 3D printed wearables is the increasing demand for uniquely designed products. With the help of 3D printing companies can design a device as per customers’ requirements. The other factors driving the market for 3D printed wearables are increasing focus on health by both the general public and consumer technology companies. For instance, with the help of 3D printing technology, the sports manufacturers have to produce shoe soles which increase diabetics' sensory perception. With the help of these shoes, diabetic patients can walk more comfortably and these shoes can also be custom designed for each patient. 

At present, there is a more burden on manufacturers of medical devices and pharmaceutical companies by both the government as well as customers to be environmentally and socially conscious. Hence with the help of 3D printing transportation cost is dramatically reduced. Although the market is still a niche market, it is anticipated to increase in the coming years.

Product Type Insights

The prosthetics segment accounted for the largest revenue share of over 35.9% in 2019. The large share of this segment is attributed to the rising prevalence of chronic diseases and the increasing demand for prosthetics implants in developing countries. An increasing number of amputation cases globally and a rise in limb amputation due to cardiovascular disease are other factors likely to fuel segment growth during the forecast period.

Also, factors such as technological evolution, increasing prevalence of the vascular disease, and increased demand for prosthetics are further anticipated to boost market growth over the forecast period. The growing usage of connectivity technologies such as microprocessor controller, Bluetooth, and myoelectric technology has resulted in the growing demand for such devices. Additionally, the developments in material sciences have announced the use of carbon fiber materials and thermoplastics in developing robotic amputation devices, which is reducing the cost and also improves the overall efficiency of devices. The increasing demand for these advanced products in technologically advanced countries and increasing awareness are the other features likely to drive the market for 3D printed wearables over the forecast period.

End-user Insights

Based on end-user, the academic institutes' segment accounted for the largest revenue share of 36.2% in 2019. This is due to the rapidly increasing patient population and increasing investment in R&D of 3D printed wearable devices. Increasing investment in the 3D printing industry by prominent players in the market to enhance their productivity and efficiency has driven the manufacturers to increase their focus on these activities.

Increasing focus on the 3D printed wearables and growing R&D spending are major factors responsible for the growth of this segment. Also, the other segment such as medical and surgical centers is expected to witness growth over the forecast period due to increasing demand for 3D printed wearables and reduction in operative and infection risks.

Regional Insights

North America dominated the 3D printed wearables market and accounted for the largest revenue share of 40.6% in 2019. The region is anticipated to continue its dominance over the forecast period. This growth can be attributed to a rapid increase in the development of a 3D printed wearables to meet the growing demand for efficient healthcare in the country and strong R&D & promotion of new therapies. In addition, North America is the top manufacturing hub for highly reliable, complex, and high-end 3D printed wearable and medical devices. This, in turn, is anticipated to propel the growth of the market for 3D printed wearables.

Rapid technological advancements and growing demand for 3D printed wearable devices are factors expected to drive the market in the region. Moreover, various medical device manufacturing companies are focusing on the market due to the booming healthcare industry in the region. Increasing investments in 3D printing and rising R&D spending are also contributing to the growth of the market in the region.

Key Companies & Market Share Insights

Key companies are engaging in partnerships, mergers, and acquisitions, aiming to strengthen their product portfolio, manufacturing capacities, and provide competitive differentiation. Some of the prominent players in the 3D printed wearables market include:

• Arcam AB

• Cyfuse Biomedical

• Koninklijke Philips N.V.

• Zephyr Technology Corporation

• Omron Corporation

• Everist Health

• LifeWatch AG

3D Printed Wearables Market Report Scope

Segments Covered in the Report 

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global 3D printed wearables market report on the basis of product type, end user, and region:

• Product Type Outlook (Revenue, USD Million, 2016 - 2027)

  • Prosthetics

  • Orthopedic Implants

  • Surgical Instruments

  • Smart Watches

  • Fitness Trackers

• End-user Outlook (Revenue, USD Million, 2016 - 2027)

  • Hospital

  • Pharma and Biotech companies

  • Academic Institutes

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Spain

    • Italy

  • Asia Pacific

    • India

    • Japan

    • China

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE