Published Date : 26 Apr 2023
The 3D printed wearable industry was worth USD 4.02 billion in 2022. It is expected to grow at a CAGR of 6.43% from 2023 to 2032 and reach a value of USD 7.5 billion by 2032. The industry for 3D printed wearables is primarily driven by the rising desire for intriguingly designed items.
Wearable sensors are almost always available to measure everything from heart rate to step count. However, medical-grade gadgets are required for situations like detecting the development of frailty in elderly people, quickly identifying fatal illnesses, evaluating the effectiveness of new medications, and monitoring the performance of elite sports.
In addition to being 3D-printed specifically for each wearer and based on their body scans, the new gadgets also use wireless power transmission and small amounts of energy storage to enable continuous operation.
In the past several years, wearable technology and 3D printing have become incredibly popular in the fashion industries, including both industry and academia. New integrations and connectedness of 3D printing and wearable technology are now conceivable in ways that were before not possible thanks to the expanding applications of the Internet of Things, mobile technology, and big data. It is encouraging that 3D printing and wearable technology will become more significant in the design and development of individualized fashion-related items in the near future as potentially transformative technologies.
3D Printed Wearable Industry Report Scope:
|Market Size in 2022||USD 4.02 Billion|
|Projected Forecast Value in 2032||USD 7.5 Billion|
|Growth Rate from 2023 to 2032||CAGR of 6.43%|
|Largest Market||North America|
|Forecast Period||2023 to 2032|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America and Middle East & Africa|
Industry Drivers: Wearable medical devices drive the 3D Printed Wearable Industry
A digital 3D file, such as a CAD drawing or a Magnetic Resonance Image, is used to create objects. (MRI). The adaptability of 3D printing enables designers to easily make modifications without having to set up new tools or equipment. Additionally, it permits manufacturers to design devices with extremely complicated internal structures or devices tailored to a patient's anatomy (patient-specific devices). Due to these characteristics, there is a great deal of interest in 3D printing medical equipment and other things, such as food, furniture, and car components. Orthopedic and cranial implants, surgical tools, dental restorations including crowns, and external prostheses are among the medical items created by 3D printing.
Furthermore, it is projected that technical developments, rising usage, and expanding consumer awareness of technologically advanced items will broaden the range of bioengineered healthcare products, spurring the development of 3D-printed wearables.
Industry Restraints: Higher product cost
Due to high product costs, little illness awareness, deplorable economic situations, and a lack of supportive insurance systems, the acceptance of 3D-printed wearables is restricted in poorer nations globally. For the companies in the industry for 3D-printed wearables, however, the introduction of new low-cost goods and increased industry penetration initiatives in these regions may provide lucrative development prospects.
Industry Opportunities: 3D printing in the fashion industry
Additive printing is intriguing for the fashion business since it makes it easier to work on fashion ideas and produce beautiful items like clothing, accessories, and meshes. The designers now have a great deal of geometric freedom because of this technology. For various tasks in the fashion sector, for instance, elaborate patterns might be made. The fashion industry is beginning to embrace the full potential of 3D printing and to create intriguing products, ranging from shoes and accessories to 3D-printed garments. The creation of some of the clothing made possible by 3D printing technology would have been prohibitively expensive and difficult.
Product Type Insights:
The industry's highest industry share belonged to the prosthetics category. The considerable industry share of this category is accounted for by the fast-rising prevalence of chronic illnesses and the expanding usage of implants for prosthetic limb support in emerging countries. Around the world, a number of 3D-printed prosthetics projects have already been created. According to studies by the Amputee Coalition, an amputation is performed every 30 seconds on average, and recovery is challenging. However, there are many that use the most recent technological advancements to assist others.
The industry with the biggest revenue share in 2022 will be healthcare. This is due to the rise in chronic illness cases, rising hospital admission rates, and rising funding for wearable 3D printed device research and development. The wireless 3D printed gadgets should make keeping patient records more manageable and orderly. The two key factors propelling this industry's growth are rising R&D expenditures and an increasing focus on wearables made of 3D-printed materials.
According to statistics, by 2022, 25% of American adults will be using a wearable device, demonstrating the rise of the wearables industry in North America. People who live in China, Thailand, and Vietnam already have a high rate of wearable device ownership in the Asia Pacific area. These geographical patterns reflect changes in the global industry, where it is anticipated that sales of wearables would surpass 300 million by 2023.
3D-printed clothing in East Asian sales is anticipated to have significant growth and a high CAGR. This is based on a variety of causes, including the quick development of technology, an increase in environmental consciousness, and an increase in disposable incomes brought on by the expansion of employment possibilities. During the anticipated time frame, the industry for 3D-printed wearables in the United Kingdom is anticipated to expand. The industry is accelerating owing to a variety of factors, including the shifting attitudes of different industry leaders, fundamental concerns like a decline in human error as a result of significant investment in automation, and the efficient use of resources like time, money, and space for producing customized goods at a faster rate.
Major Key Players:
By Product Type
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