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Steady Expansion Forecast for 3D Printed Wearables Market, Projected to Reach $6.17 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.3D Printed Wearables Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the previous years, there has been a robust expansion in the size of the 3D printed wearables market. The forecast predicts an increase from $4.07 billion in 2024 to $4.44 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%. The historic growth can be credited to factors such as the rising demand for top-notch healthcare services, increased funding in the 3D printing sector, enhanced development of wearable robotics, a surge in adoption within the fashion sector, and greater usage in sports performance enhancement.
3D Printed Wearables Market Size Forecast: What's the Projected Valuation by 2029?
The market for 3D printed wearable devices is poised for substantial expansion in the coming years, projected to reach a value of $6.17 billion by 2029, with a compound annual growth rate (CAGR) of 8.6%. Factors contributing to growth within the projected period include an escalating demand for customizations, increasing instances of chronic illnesses as well as diabetes, a climbing demand for environmentally friendly merchandise, and a heightened consciousness towards preventive healthcare measures. Predominant trends anticipated during the forecast period encompass biofabrication, miniaturization, advancements in technology, the popularity of smart wearables, and the adoption of a modular design approach.
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What Are the Drivers Transforming the 3D Printed Wearables Market?
As the occurrence of diabetes escalates, the expansion of the 3D-printed wearables market is anticipated to get a significant boost. Diabetes, characterized by high blood glucose levels resulting from insufficient insulin production or misuse, is a long-lasting health issue. This upsurge in diabetes cases is due to an older population, inherited predispositions and heightened stress levels in today's society. 3D-printed wearable devices, specifically designed for diabetes management, employ the technology to monitor blood glucose levels, administer insulin, and provide instant health data to patients. For instance, reports from The International Diabetes Federation (IDF) in February 2023 stated that in 2021, 537 million people worldwide were diabetic. If no effective preventive strategies are introduced, this figure is projected to jump to 643 million by 2030. Additionally, over 541 million people are at a severe risk of developing diabetes. Accordingly, the escalating incidence of diabetes is triggering the expansion of the 3D printed wearables market.
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What Long-Term Trends Will Define the Future of the 3D Printed Wearables Market?
Leading firms in the 3D printed wearables market are channeling their resources towards creating solutions that incorporate advanced technology, like multi-jet fusion technology. They aim to increase manufacturing speed and secure an upper hand in the market. Multi-Jet Fusion (MJF) represents a revolutionary 3D printing technique that enables quick, precise, and economical production of parts using diverse materials. For example, SEVENFRIDAY AG, a Switzerland-based manufacturer, unveiled the FREE-D watch in March 2022. This industrial-style 3D-printed wearable watch incorporates various components printed using HP Multi Jet Fusion (MJF) technology from PA11, an eco-friendly polyamide material. The design and materials of the watch enhance comfort, weightlessness, flexibility, and durability. Moreover, each watch possesses an NFC (Near Field Communication) chip connecting it to a unique NFT (Non-Fungible Token) certificate. These watches then become collectible items, signifying a progressive blend of industries.
Which Segments in the 3D Printed Wearables Market Offer the Most Profit Potential?
The 3D printed wearables market covered in this report is segmented -
1) By Product Type: Orthopedic Implants, Prosthetics, Smart Watches, Surgical Instruments, Fitness Trackers
2) By Sales Channel: Online Retail, Offline Retail, Direct Sales, Healthcare Providers, Customization Platforms
3) By End-User: Pharma And Biotech Companies, Hospitals, Academic Institutes, Other End-Users
Subsegments:
1) By Orthopedic Implants: Joint Implants, Bone Plates And Screws, Spinal Implants, Custom Orthotics, Other Orthopedic Implants
2) By Prosthetics: Upper Limb Prosthetics, Lower Limb Prosthetics, Customized Prosthetics, Bionic Prosthetics, Other Prosthetic Devices
3) By Smart Watches: Standard Smartwatches, Health And Fitness Tracking Smartwatches, Medical-Grade Smartwatches, Customizable 3D Printed Smartwatches
4) By Surgical Instruments: 3D Printed Surgical Tools, Custom Surgical Instrumentation, Pre-Surgical Models And Guides, Other Surgical Instruments
5) By Fitness Trackers: Wearable Fitness Monitors, Smart Fitness Bands, Health Monitoring Wearables, Customized Fitness Trackers
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Which Firms Dominate the 3D Printed Wearables Market by Market Share and Revenue in 2025?
Major companies operating in the 3D printed wearables market are 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.
Which Regions Offer the Highest Growth Potential in the 3D Printed Wearables Market?
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.
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