3D Technology Market by Application and Geography (Forecast and Analysis 2022-2026) - 49% of Growth to Originate from North America
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- The 3D TECHNOLOGY MARKET value is set to grow by USD 218.71 billion from 2021 to 2026, as per the latest report by Technavio. Moreover, the Y-O-Y growth rate of 2022 is estimated at 18.52%. One of the key factors driving the global 3D technology market growth is the increasing product launches, strategic collaborations, and mergers and acquisitions. Some of the recent examples are - In April 2021, the Ralph H. Johnson VA Medical Center, based in Charleston, applied for US FDA approval for its 3D-printed hearing aids. On 23 May 2022, ION Geophysical Corporation announced its awarding of the Gem Wide Azimuth 3D acquisition contract in the Mediterranean Sea. In November 2020, Stryker acquired 3D printed ankle implant specialist Wright Medical. This acquisition will enhance Stryker global market position in trauma and extremities. Such activities are expected to drive the market's growth during the forecast period.
One of the key challenges to the global 3D technology market growth is the lack of efficient system operators and the unemployment issue. Process industries are currently deploying industrial automation technologies, such as 3D technology, to enhance productivity and efficiency. Thus, several employee unions are apprehensive of technological incorporation as they fear that this will directly impact human employment due to a shortage of efficient operators. However, 3D systems assist in the production of high-quality products at low operational costs. Thus, the real scenario is in stark contrast to the general perception of loss of employment. The vast industrial expertise of these employees, along with automated technologies, will help them bargain for better skilled and high-paying positions in the end-user industries. Technavio expects this perception to continue to be a challenge for end-user industries, which may hamper the market growth during the forecast period.
3D Technology Market 2022-2026: Segmentation
Browse Summary of the 3D TECHNOLOGY MARKET Research Report to Learn More
3D Technology Market 2022-2026: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our report covers the following areas:
3D Technology Market 2022-2026: Vendor Analysis
The 3D technology market is fragmented and the vendors are deploying growth strategies such as product launches, strategic collaborations, and mergers and acquisitions to compete in the market.
3D Technology Market 2022-2026: Key Highlights
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Browse Summary of the 3D PRINTING MARKET IN HEALTHCARE INDUSTRY Research Report by Technology, Application, and Geography - Forecast and Analysis 2021-2025: The market value is set to grow by USD 2.53 billion, progressing at a CAGR of 18% from 2020 to 2025, as per the latest report by Technavio. The 3D printing market in healthcare industry is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
Browse Summary of the 3D SCANNER MARKET Research Report by Technology, End-user, Product, and Geography - Forecast and Analysis 2021-2025: The market value is set to grow by USD 2.53 billion, progressing at a CAGR of 18% from 2020 to 2025, as per the latest report by Technavio. 36% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for 3D scanners in APAC.
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Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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