The Global 3D Printed Wearables Market size is expected to reach $5.1 billion by 2026, rising at a market growth of 10.9% CAGR during the forecast period. 3D printing innovation includes the manufacturing of medical tools and different items layer by layers. The growing emphasis of manufacturers on 3D printed wearable items is assessed to fuel the development of this market. In recent years, established 3D printed wearables are foreseen to beat the shortcomings of the traditional items, 3D printed wearables sales are anticipated to rise in the near future.
The main component driving the market for 3D printed wearables is the expanding demand for interestingly designed items. With the assistance of 3D printing, organizations can design a device according to clients’ prerequisites. The other elements driving the market for 3D printed wearables are expanding focus on health by both the general population and customer innovation organizations. For example, with the assistance of 3D printing innovation, the sports manufacturers need to create shoe soles that increment diabetics’ sensory perception. With the assistance of these shoes, diabetic patients can walk all the more easily and these shoes can likewise be custom designed for every patient.
Currently, there is more pressure on makers of medical tools and pharmaceuticals organizations by both the government and clients to be environmentally and socially conscious. Subsequently with the assistance of 3D printing transportation cost is drastically diminished. Although the market is as yet a niche market, it is foreseen to grow in the next few years.
The 3D printed medical devices can gather information including steps counts an individual has walked in a day and the pulse rate. The research within the innovation is currently extensive on sensors and adaptable materials and their capacity to be both bendy and pliable. These properties are ideal for wearables especially in items, for example, small discrete sensors and smartwatches.
Based on Product Type, the market is segmented into Prosthetics, Fitness Trackers, Orthopedic Implants, Smart Watches and Surgical Instruments. Based on End User, the market is segmented into Academic Institutes, Pharma & Biotech companies, Hospital and Other End Users. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., Koninklijke Philips N.V., Medtronic PLC, Omron Corporation, Nike, Inc., Under Armour, Inc., 3D Systems Corporation, BioTelemetry, Inc., Cyfuse Biomedical K.K., and Everist Health, Inc.
Strategies deployed in 3D Printed Wearables Market
Oct-2020: Medtronic launched Adaptix interbody system with Titan nanoLOCK surface technology. The system is a proprietary blend of surface textures on the macro, micro, and nano levels. This system addresses the universal needs of fusion outcomes for surgeons while offering science-backed nano-surface technology and navigation efficiency within a trusted design with enhanced features.
Jul-2020: Medtronic announced the acquisition of France-based Medicrea, a company specializing in the production of patient-specific spinal implants using artificial intelligence and predictive modeling. The acquisition better positioned Medtronic’s customers’ state-of-the-art spinal surgery solutions, complementing its offering of spinal implants, robotics, and 3D imaging technology.
Jun-2020: Arcam, a subsidiary of GE Additives collaborated with Rejoint, an Italian medical implant manufacturer. Following this collaboration, Rejoint is using GE Additive’s Electron Beam Melting (EBM) technology for additively manufacturing knee implants. Rejoint is using Arcam EBM Q10plus system with artificial intelligence (AI) for producing customized parts, such as tibial plates and femoral condyles, for replacement knee surgeries.
Dec-2019: GE Healthcare partnered with Advanced Solutions Life Sciences (ASLS). The partnership was focused on enhancing the field of 3D biofabrication. Together with ASLS, GE Healthcare has been distributing the world’s first integrated 3D bioprinter + confocal scanner.
Dec-2019: Omron Healthcare unveiled the Omron Wearable Blood Pressure Monitor, HCR-6900T Series (HeartGuide). It is a wristwatch-sized and blood pressure measurement on the wrist.
May-2018: Medtronic introduced a titanium 3D printed platform, TiONIC(TM) Technology. This technology enables more complex designs and integrated surface technologies for spine surgery implants. TiONIC Technology is a 3D printed technique, which develops enhanced surface textures using a differentiated laser method.
Nov-2017: Nike came into partnership with HP, the information technology company. The partnership was aimed to save Nike development and lab time while increasing its speed to market. The combination of Nike and HP is to make shoes on the fly for football players with either a custom shoe or orthidic.
Nov-2017: Under Armour teamed up with EOS under Armour’s 3D footwear business. The collaboration was focused on the development of advanced laser sintering technology, and using EOS’ expertise in industrialized 3D production. Under Armour uses EOS’ 3D technology for printing powder-based parts.
Nov-2017: Philips signed an agreement with Stratasys, a manufacturer of 3D printers and 3D production systems. The companies were focused on advancing the impact and use of 3D printing in medical modeling. The agreement includes virtually seamless interfacing and dedicated workflows throughout Philips IntelliSpace Portal 10 and Stratasys Direct Manufacturing’s parts-on-demand service enabling a broader range of medical professionals to improve training, research, and surgical planning through 3D printing.
Mar-2017: Under Armour released shoes with 3D-Printed Midsoles. These shoes feature a center-mounted quarter zipper, a compression system with a rear opening instead of laces and, 3D-printed midsoles. These TPU insoles are 3D-printed using selective laser sintering.
Jul-2016: General Electric acquired two European 3D printing companies: Arcam AB and SLM Solutions Group, the manufacturers of 3D metal printers. These acquisitions enabled GE to become a supplier of 3D printing machines and materials.
Scope of the Study
By Product Type
• Fitness Trackers
• Orthopedic Implants
• Smart Watches and
• Surgical Instruments
By End User
• Academic Institutes
• Pharma & Biotech companies
• Hospital and
• Other End Users
• North America
o Rest of North America
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia Pacific
o Saudi Arabia
o South Africa
o Rest of LAMEA
• General Electric (GE) Co.
• Koninklijke Philips N.V.
• Medtronic PLC
• Omron Corporation
• Nike, Inc.
• Under Armour, Inc.
• 3D Systems Corporation
• BioTelemetry, Inc.
• Cyfuse Biomedical K.K.
• Everist Health, Inc.
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Health Provider Density
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