3D Printed Wearables Market Share, Trends, Growth Rate, Industry Report And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global 3D Printed Wearables Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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 growth in the historic period can be attributed to growth in demand for quality healthcare services, increased investment in the 3D printing industry, increased development of wearable robotics, increased adoption in the fashion industry, and increased use in 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%. The growth in the forecast period can be attributed to increasing demand for personalization, rising prevalence of chronic conditions, rising prevalence of diabetes, growing demand for eco-friendly products, and rising awareness of preventive healthcare. Major trends in the forecast period include biofabrication, miniaturization, technological advancements, smart wearables, and adoption of modular design.

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Market Drivers and Trends:

The rising prevalence of diabetes is expected to propel the growth of the 3D printed wearables market going forward. Diabetes is a chronic health condition defined by excessive blood glucose levels, which are generally caused by inadequate insulin synthesis or poor insulin usage. The rising prevalence of diabetes can be attributed to factors such as an aging population, genetic predispositions, and increased stress levels in modern society. 3D printed wearables in diabetes management are custom-designed devices that use 3D printing technology to monitor and manage blood glucose levels, deliver insulin, and offer real-time health data to diabetics. For instance, in July 2021, according to the International Diabetes Federation, the number of adults with diabetes was estimated to be 537 million in 2021, and this number is projected to rise to 783 million by 2045. Therefore, the rising prevalence of diabetes is driving the growth of the 3D-printed wearables market.

Major companies operating in the 3D printed wearables market are focusing their efforts on introducing solutions that utilize advanced technology, such as multi-jet fusion technology, to offer faster build speeds and gain a competitive edge in the market. Multi-Jet Fusion (MJF) is an innovative 3D printing method that allows for the rapid, precise, and cost-effective manufacture of parts made from a variety of materials. For instance, in March 2022, SEVENFRIDAY AG, a Switzerland-based manufacturing company, launched the FREE-D watch, an industrial-inspired 3D-printed wearable watch. It includes several elements printed with HP Multi Jet Fusion (MJF) technology from PA11, a sustainable polyamide material. The watch stresses wearing comfort, lightness, flexibility, and resistance because of its design and materials. Furthermore, every watch has an NFC (Near Field Communication) chip that links it to a unique NFT (Non-Fungible Token) certificate and is collectible, emulating the futuristic blending of industries.

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Major Key Players of the Market:

Nike Inc., Adidas 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.

3D Printed Wearables Market 2024 Key Insights:

• 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%.
• Impact Of Diabetes Prevalence On The 3D Printed Wearables Market
• Focus On Introducing Innovative 3D-Printed Wearable Watch Using Advanced Technologies
• North America was the largest region in the 3D printed wearables market in 2023

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