The Market value of the Global 3-D Printing Sector attained a value of USD 15,254.27 Million in 2020
The Sector recorded a historical growth (CAGR) of 18 % between 2017 to 2020, and is expected to grow by...
GlobalData projects the Sector to grow at a CAGR of ...
The Market value of the Global 3-D Printing Sector continuous to grow in 2020
The market value of the Global 3-D printing sector has grown significantly between 2017-2020, the market value recorded a low-double-digit YoY growth in 2020.
3D printing is in its mid-thirties and is now approaching market growth that Chuck Hull could only have dreamt about when he invented it in 1983. 3D printing has always been most closely associated with prototyping and short production runs. But now it is becoming a key part of the manufacturing mix alongside injection molding and computer numerical control machining. The use of polymers – particularly plastics – in 3D printing still exceeds metals, but the gap is narrowing, and metals could outstrip polymers from 2021.
3D printing, also known as additive manufacturing (AM), is the process of joining materials to make objects from three-dimensional model data, typically created layer upon layer. This contrasts with subtractive manufacturing, in which parts of a block of material are selectively removed. Most AM systems will make use of a digital blueprint created by 3D computer-aided design (CAD) software, of which there are several versions in use.
The eight different types of 3D printing technology
Rather than utilize a single technology, 3D printing uses a range of techniques specific to different printers with different characteristics. They are also provided by 3D printing companies which typically have their own modifications – and distinct terminology – for the technologies. However, all of them are grounded in the concept of additive rather than subtractive technology, with items built up one layer at a time. Some vendors believe that in future, the application will define the process. For example, binder jetting is more useful for less demanding applications with less complexity and higher volumes.
Until relatively recently, polymers were the most popular material. That has begun to change, with metal 3D printing starting to take off to such a degree that many in the industry see a crossover point sometime in the next two years when metals will account for the greater share of 3D printing. There are, however, those in the vendor community who believe that crossover point may still be a little while away from taking place, with continued development in polymers taking precedence.
3D printing in healthcare
The market for 3D printing in healthcare is a growing one, driven by the demands of an ageing population that is living longer in many countries, with a consequent increase in demand for dental work and devices such as hearing aids or implants. 3D printing is playing a growing role in medical training (e.g., printing organs on which students can practice) and is even used in the operating theater, where 3D printed tools can guide surgeons. Materialise and HP, for example, are collaborating to ensure that HP Jet Fusion 580/380 printers will work with Materialise’s Mimics image processing software technology, to be able to print robust full-color anatomical models for diagnostic and surgical planning processes. This includes cardiac, orthopedic, and craniomaxillofacial models, complete with vascular structure, which have been historically difficult to 3D print.
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