Digital 3D Printing Market Analysis
The digital 3D printing market size is likely to touch USD 5,214.8 million at a 20.54% CAGR between 2019-2025, reveals the new Market Research Future (MRFR) report. Digital 3D printing, simply put, is a printing process that includes the evaluation as well as improvement of products & services in a systematic way to attain better quality. It is associated with those that manage the delivery of healthcare services and includes three vital steps- measurement, assessment, & improvement.
Numerous factors are adding to the digital 3D printing market demand. Such factors, as revealed by the latest MRFR report, include increasing applications in the healthcare industry, technological advancements, increasing public-private funding, speedy process, ability to develop customized products, and reduction of errors.
On the contrary, the shortage of skilled labors, and high cost are factors that may limit the digital 3D printing market growth over the forecast period.
Digital 3D Printing Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the digital 3D printing market based on end user, application, technology, material, and component.
By component, the digital 3D printing market is segmented into software/services and system/device. Of these, the system/device segment will lead the market over the forecast period.
By material, the digital 3D printing market is segmented into ceramics, metal and alloy, polymers, and others. Of these, polymers will dominate the market over the forecast period.
By technology, the digital 3D printing market is segmented into electron beam melting, jetting technology, laser sintering, deposition modeling, stereolithography, and others. Of these, stereolithography will have a major share in the market over the forecast period.
By application, the digital 3D printing market is segmented into drug screening, hearing aids, tissue engineering, medical components, orthopedics, prosthetics, dental, and others. Of these, the dental segment will command the largest share in the market over the forecast period.
By end user, the digital 3D printing market is segmented into pharmaceutical and biotechnology companies, dental clinics and laboratories, hospitals and surgical centers, and others. Of these, hospitals and surgical centers will lead the market over the forecast period.
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Digital 3D Printing Market Regional Analysis
By region, the global digital 3D printing market covers the growth opportunities and recent trends across Europe, the Americas, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will command the largest share in the market over the forecast period for patients' increased adoption of treatments, the rising incidence of diseases, and the presence of leading medical device companies in the region. The US is the key contributor in the region for increasing awareness, accessibility of advanced treatment options, developed healthcare infrastructure, and the presence of top market players.
The digital 3D printing market in Europe is predicted to hold the second-largest share over the forecast period for the presence of developed economies like France, the UK, and Germany, increasing incidence of lifestyle-associated conditions, target population base, and favorable laws and government initiatives.
The digital 3D printing market in the APAC region is predicted to grow at a high CAGR over the forecast period for the developing healthcare sector in Australia, India, Japan, and China, increasing prevalence of accidents, rising older population base, and growing per capita healthcare expenditure.
The digital 3D printing market in the MEA is predicted to have a small share over the forecast period for extremely low-income and less economic developments in the African region. The market in the Middle East is predicted to have healthy growth over the forecast period. Saudi Arabia and Egypt are the key contributors in the region.
Digital 3D Printing Market Key Players
Leading players profiled in the global digital 3D printing market report include Renishaw PLC (UK), Micron Dental (US), General Electric (US), Materialise (Europe), ExOne (US), Formlabs (US), EnvisionTEC (US), Carbon, Inc. (US), 3D Systems, Inc. (US), and Stratasys Ltd (US). Industry players have incorporated key strategies such as product approvals, alliances, collaborations, mergers, partnerships, product launches, expansions, and acquisitions to stay ahead in the competition.
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Nov 10 2020: The global Blockchain Technology market size is expected to reach USD 57,641.3 million by 2025, registering a CAGR of 69.4% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Blockchain is the underlying technology that originated in the form of a public ledger to keep a track of all cryptocurrency transactions.
This allows various participants that are connected to the network, usually public, to track information through a secure network, thereby eliminating the need for any kind of third-party verification.The market is expected to grow rapidly owing to numerous benefits that it provides, such as eradication of the requirement of a financial institution to validate transactions, reduce duplicative recordkeeping, eliminate reconciliation, minimize error rates, and facilitate faster settlement.
With the use of this technology, the databases could become universal in nature, thereby allowing multiple institutions to use it at the same time to bring various different systems closer together and help increase the efficiency.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/blockchain-technology-market/request-sampleThe global blockchain technology market size is expected to reach USD 57,641.3 million by 2025, registering a CAGR of 69.4% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Blockchain is the underlying technology that originated in the form of a public ledger to keep a track of all cryptocurrency transactions.
With the use of this technology, the databases could become universal in nature, thereby allowing multiple institutions to use it at the same time to bring various different systems closer together and help increase the efficiency.The increasing demand for this technology across financial services, consumer or industrial products, technology, media , healthcare, transportation, and public sector is largely responsible for driving the market toward growth.
The major drivers include the growing interest of the BFSI sector and increasing merchants accepting cryptocurrencies among others.
This growth can be attributed to growing tendency of institutions and government to inculcate open and efficient transactions.• The application & solution segment is anticipated to grow at the highest CAGR of 71.2% from 2019 to 2025.
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