3D Printed Wearable Market

Global 3D Printed Wearable Market Research Report: By Product Type (Prosthetics, Orthopaedic Implants, Surgical Instruments, Smart Watches, Fitness Trackers), By End Use (Hospital, Academic Institutes, Pharma and Biotech companies, Others (Medical and Surgical Centres)), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

Medical Devices | December 2023 | Report ID: EMR00369 | Pages: 301

The global 3D printed wearable market was valued at USD 3.81 billion in 2022 and is estimated to reach approximately USD 5.97 billion by 2031, at a CAGR of 7.93% from 2023 to 2031.

 

3D printed wearables are items of clothing and accessories, such as jewellery and watches, which have been created through a 3D printing process. These items are typically made with plastic, nylon, or metal, and they can be customized to the wearer’s specifications. 3D printed wearables can be designed to be both stylish and functional, making them increasingly popular in the fashion world. 3D-printed wearables can integrate both functional and structural elements into a single item. Sensors, energy storage components, and soft stretchable materials come together seamlessly, creating items like fitness trackers and smart glasses that are becoming staple fineries in the tech-forward ensemble.

 

 

 

3D PRINTED WEARABLE MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2022)

3.81 Billion

Projected Market Value (2031)

5.97 Billion

Base Year

2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Product Type, By End Use& Region

Segments Covered

By Product Type, By End Use & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global 3D Printed Wearable Market Drivers:

Increasing demand of 3D printed wearable for uniquely designed products.

Increasing demand of 3D printed wearable for uniquely designed products. With the help of 3D printing, companies can customize a device as per clients' requirements. Also, the factors driving the market are the increasing importance on healthcare by consumer technology companies and the general public. For instance, with the help of 3D printing technology, sports manufacturers have produced shoe soles that rise diabetics' sensory perception. Diabetic patients can walk more securely, and the shoes can also be customized as per patient requirements. For instance, Rejoint joined forces with Arcam, a GE additives company. Owing to this collaboration, Rejoint is using the EBM technology from GE Additive to produce knee implants additively. The tibia plate and femur condyles, among other specialized components for knee replacement surgery, are made by Rejoint using the artificial intelligence-enhanced Arcam EBM Q10plus technology. Thus, driving demand of global 3D printed wearable market.

 

Opportunities:

Increasing development in the 3D printed wearable technology

The use of resources in 3D printing technology is enhanced. Other technological development drivers for the 3D printed wearable market include modernization, westernization, changing lifestyles, and an increase in personal disposable income. The clothing industry's increasing demand for 3D printing technology will provide even more profitable market growth opportunities.

 

Restraints:

High cost of the 3D printed wearable

Increasing cost of the 3D printed wearable due to increasing advance technology, and customization demand of product is increasing. In addition, 3D printers are suitable for only small batch productions. The material and technology used to create 3D printed pieces can be expensive. This can make it somewhat difficult to implement in creating consumer end-goods. This is expected to hamper the growth of the global 3D printed wearable market.

 

Trend:

The current trend of the 3D printed wearables are 3D printing technologies are currently considered the next-generation tools for numerous healthcare applications owing to their stimulating characteristics such as high stretchability, super flexibility, low cost, ultra-thinness, and lightweight. In this context, 3D printing, an emerging advanced additive manufacturing technology has revolutionized the concept of free form construction and end-user customization due to its multifarious peculiarities that involve ease of operation, on-demand and rapid fabrication, precise and controlled deposition, as well as versatility with several soft functional materials.

 

Segment Overview

By Product Type

Based on product type, the global 3D printed wearable market is divided into prosthetics, orthopedic implants, surgical instruments, smart watches, fitness trackers. The prosthetics segment dominated the market in 2022 and is expected to dominating during the 3D printed wearable market in forecast period, due to the prevalence of chronic diseases is increasing, as is the demand for prosthetic implants. Rise in worldwide amputation instances and an increase in limb amputation due to cardiovascular disease. Furthermore, the US-based firm called LIMBER Prosthetics & Orthotics types prosthetic limbs that are reasonably priced. The process used by the startup scans amputee limbs and creates custom prostheses from them. Its manufacturing process includes imaging, modeling, simulation, testing, digital design, and 3D printing to dramatically lower production costs. Thus, driving demand of this segment in the global market.

 

By End Use

Based on end use, the global 3D printed wearable market is divided into hospital, academic institutes, pharma and biotech companies, others (medical and surgical centres). The hospital segment dominated the market in 2022. This is attributed to rapidly increasing patient admissions, an increase in chronic disease cases, and increased investment in the research and development of 3D printed wearable technologies. These gadgets are required in huge quantities in every hospital room, including the nurse's station, operation theater, emergency department, outpatient clinics, and ambulatory services. Furthermore, as per several reports, in comparison to just three hospitals in 2010, 113 hospitals in 2019 had centralized 3D facilities for point-of-care manufacturing. This is likely to propel growth of this segment in the 3D printed wearable market.

 

Global 3D Printed Wearable Market Overview by Region

North America dominated the 3D printed wearable market in 2022. This owing to a quickening pace in the invention of wearable 3D-printed technologies to serve the nation's growing need for excellent healthcare, robust research and development, and the promotion of revolutionary treatments in the region. Furthermore, North America produces the most innovative, sophisticated, and high-end 3D printed wearable and medical devices. As a result, increasing growth of the global 3D printed wearable market in this region.

 

 

 

Global 3D Printed Wearable Market Competitive Landscape

In the global 3D printed wearable market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global 3D printed wearable market include 3D Systems, Inc; ENVISIONTEC US LLC; Stratasys; GENERAL ELECTRIC; CYFUSE BIOMEDICAL K.K.; Koninklijke Philips N.V.; Zephyr Technologies & Solutions Pvt. Ltd; OMRON Corporation; Everist Health, Inc.; BioTelemetry, and others.

 

Global 3D Printed Wearable Market Recent Developments

  • In June 2023, Panasonic has developed new multi-material 3d printer for the production of wearable electronics. These electronic components and devices are traditionally manufactured from rigid metals, silicone, and ceramics.
  • October 2023, 3D Systems has introduced the MJP 300W and VisiJet Wax Jewel Ruby as part of its comprehensive line-up of solutions for end-to-end jewellery manufacturing. The MJP 300W, a cutting-edge wax 3D printer, stands out for its advanced and adaptable features, catering to various jewellery manufacturing processes. With enhanced productivity, efficiency, quality, and design flexibility, it serves as an innovative solution to meet the diverse needs of the industry.

 

 

Scope of the Global 3D Printed Wearable Market Report

3D Printed Wearable Market Report Segmentation

ATTRIBUTE

DETAILS

By Product Type

  • Prosthetics
  • Orthopaedic Implants
  • Surgical Instruments
  • Smart Watches
  • Fitness Trackers

By End Use

  • Hospital
  • Academic Institutes
  • Pharma and Biotech companies
  • Others (Medical And Surgical Centres)

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global 3D Printed Wearable Market Size and Forecast: To identify and estimate the market size for the global 3D printed wearable market segmented by product type, by end use & region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of 3D printed wearable between 2019 and 2031.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the global 3D printed wearable market
  • Market Influencing Factors: To find out the factors which are affecting the sales of 3D printed wearable among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global 3D printed wearable market affected by the pandemic
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Business Executives
  • Industry Professionals
  • Academic and Research Institutions
  • Startups and Entrepreneurs
  • Governments, Associations, and Industrial Bodies
  • Investors and Trade Experts

 

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The growth of the 3D Printed Wearable Market is driven by factors such as increasing customization in wearable designs, advancements in 3D printing technologies, the demand for personalized and unique fashion items, and the growing adoption of wearable technology across various industries.
The adoption of 3D printed wearables is growing across various industries, including fashion, healthcare, sports, and even in the development of smart textiles. Customized prosthetics, sports gear, and health monitoring devices are examples of 3D printed wearables making an impact in different sectors.
Challenges in the 3D Printed Wearable Market include the cost of 3D printing technology, limitations in available materials, and the need for further standardization in design and production processes. Overcoming these challenges requires ongoing technological innovation and collaboration within the industry.
North America held the largest share in 2022.
The major players operating in the global 3D printed wearable market include 3D Systems, Inc; ENVISIONTEC US LLC; Stratasys; GENERAL ELECTRIC; CYFUSE BIOMEDICAL K.K.; Koninklijke Philips N.V.; Zephyr Technologies & Solutions Pvt. Ltd; OMRON Corporation; Everist Health, Inc.; BioTelemetry, and others.