Nanoscale 3D printing is widely adopted by healthcare, aerospace & defense, automotive, consumer electronics energy & power industries. This, coupled with the rise in implementation of smart products and solutions that allow for improved business processes, product quality, and customer satisfaction, will drive the market for 3D nanoscale printing.
Implementation of nanoscale 3D printing solutions in the healthcare sector can help produce surgical models and accessible personalized prosthetics to streamline complex operations. The market will surpass US$ 1 Bn mark by the end of the forecast period, 2019 – 2029, as projected by a new Persistence Market Research (PMR) report.
Key takeaways – Nanoscale 3D Printing market study
–Increasing awareness of health and fitness among consumers is creating the demand for a range of complex healthcare systems, which is further creating potential growth opportunities for the nanoscale 3D printing market.
–Among the vertical segment, healthcare is expected to witness high growth rate, owing to rising demand for 3D printed materials as a reliable alternative to surgical models.
–Asia Pacific Excluding Japan is expected to create potential growth opportunities in the nanoscale 3D printing market, owing to an increase in R&D expenditure, which leads to the development of new and advanced technologies such as 3D bioprinting and bio-fabrication in the region.
–Various nanoscale 3D printing solution providers are focusing on expanding their presence in developing countries such as India, Brazil, Mexico, and China, owing to economic growth in these countries. In addition, adoption of advanced technologies and smart solutions are also increasing in these countries, which is expected to create potential growth opportunities for the nanoscale 3D printing market.
Market leaders hold over 30% revenue share
The report provides valuable insights at the company level, focusing on product innovation in the nanoscale 3D printing market, along with business and marketing strategies of emerging market players. Some market players featured in the report are Proto Labs, voxeljet AG, SLM Solutions, Stratasys Ltd., ExOne, and 3D Systems, Inc.
Moreover, the global nanoscale 3D printing market is highly competitive due to the presence of a large number of players. Leading participants in the nanoscale 3D printing market are estimated to hold around 30%-32% of the market share.
Product development and innovation activities have been the mainstay in the nanoscale 3D printing market in order to enhance market presence and end-user experience. For instance, in June 2019, Nanoscribe GmbH launched Quantum X for the fabrication of highly-precise micro-optics to target specific needs in modern industrial microfabrication.
How does the future of the nanoscale 3D printing market look?
In the recent past, it is observed that manufacturers across a broad spectrum of industries including automotive, aerospace, manufacturing, and healthcare are actively using 3D printing technologies to reduce their downtime and production costs. Hence, key market players are expected to invest and partner with companies in this market to reach new growth avenues during the forecast period.
Moreover, the growth of end-use industries such as automotive, aerospace, manufacturing, and healthcare is also projected to offer potential growth opportunities to the global nanoscale 3D printing market.
A new market research report published by Persistence Market Research (PMR) on the global nanoscale 3D printing market includes a global industry analysis for 2014–2018 and opportunity assessment for 2019–2029. The report provides a valuable analysis of the global nanoscale 3D printing market through four different categories – component (printer, software, and services), application (prototyping, tooling, and functional part manufacturing), and vertical (healthcare, aerospace & defense, automotive, consumer electronics, energy & power, architecture & construction, and others), across seven major regions.
Persistence Market Research