London, UK -- (SBWIRE) -- 08/15/2018 -- In 2016, the global aerospace and healthcare markets for 3D printing devices, services and supplies were both worth around $1.2 billion. By 2022, though, as a report from The Business Research Company, 3D Printing Devices, Services and Supplies Market 2014-2022 shows, healthcare will be worth over 30% more than aerospace. Growing government and private funding to support the development of new 3D printing technologies will be a major driver of 3D printing healthcare spend. A growing demand for organ transplantation and the ease of development of customized medical products by 3D printing devices offer new growth opportunities to the companies operating in this market. The use of 3D printing devices is expected to increase in the healthcare industry by 28.6% year on year, which means that in 2022 one fifth of all sales of 3D printing devices, services and supplies will be made to the healthcare industry.
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In 2022 the healthcare market for 3D printing devices, services and supplies will be split among the Americas, Asia-Pacific and the EMEA (Europe, Middle East and Africa regions). Even though the Americas remains the biggest market in the world, its growth will be a little slower than that of Asia Pacific or EMEA. Asia-Pacific is expected to see the highest growth rate, at 33% year on year.
The market for global 3D printing technology is characterized by the presence of well-diversified domestic and international players with a range of product and service offerings. The top 3 competitors in the 3D printing services market in 2017 are Materialise NV, Photo Labs Inc. and Gitim GmbH. These three companies make up about three fourth of the market with Materialise NV's share being over half of the market.
These global players are increasing their presence strategically across various geographies through acquisitions and collaboration. Strategic acquisitions include 3D Hubs purchase of Printivate, and BigRep acquisition of NOWlab. The aim of the first acquisition was to improve 3D file handling and printability prediction, while the acquisition of NOWlab helped BigRep offer a wide range of material and design consultation services.
In contrast to the global players, the small domestic companies are finding it difficult to compete, particularly on quality, price, and technological innovation. They thus provide the global players with significant acquisition opportunities.
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Read 3D Printing Devices, Services And Supplies Global Market Opportunities And Strategies To 2022 from The Business Research Company for information on the following:
Markets Covered: 3D printing hardware devices market, 3d printing software market, 3d printing services market, 3d printing materials market.
Data Segmentations: 3D Printing global and regional total and by product segments – hardware, software, services and materials 2014-22 market size and growth rates.
3D Printing Organizations Covered: D Systems Corporation, Arcam AB, The ExOne Company, Stratasys Ltd., EOS GmbH Electro Optical Systems, EnvisionTEC, Materialise NV, XYZprinting, SLM Solutions Group AG, M3D.
Regions: North America, Europe, Asia Pacific, ROW (Rest of world)
Time Series: 2014-16 actuals, 2017 estimates, 2018-22 forecasts.
Other Information And Analyses: Processes involved in 3D printing, global 3D Printer sales, market drivers, market challenges, market opportunities, company overview, business strategy, financial overview, products and services, SWOT analysis, recent developments, key executives for ten leading 3D technology companies.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Number of Pages: 86
Number of Figures: 40
Number of Tables: 33
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