The global 3D printers market to grow at a CAGR of 35.08% during the period 2017-2021.
The report, Global 3D Printers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in market is growing use of bioprinting by the healthcare sector. The capability of 3D printers to produce complex physical objects has led to the use of the technology for bioprinting. Bioprinting is the production of human organs using real human cells to develop functional human tissue. Advances in 3D technology have made this possible, thereby benefiting a large number of patients as well as doctors.
The aim is to develop human organs as well as body parts to be used as transplants. Growing changes in lifestyle and habits have resulted in a large section of the population facing numerous health issues. This has led to a rise in the number of patients who require organ transplants. The lack of organ availability and matching donors is posing a serious problem for patients. 3D printing has brought about a new industrial revolution in the healthcare sector as exact replicas of the patient's organ can now be developed.
According to the report, one driver in market is increasing popularity of additive manufacturing techniques. As 3D printing is convenient for small businesses and consumers with limited technical knowledge, its popularity has increased significantly in recent years. Additive manufacturing has been made possible through a well-developed and still rapidly evolving range of CAD programs. It is being used in many industries and sectors, including automotive, aerospace and defense, industrial and commercial, medical, government, construction, and education. The benefit of 3D printers to print anything from the provided model data enables manufacturers to produce products immediately after they receive an order. In addition, additive manufacturing techniques eliminate the need to construct complex assembly lines before production. Factories using this technology require fewer workers and materials, which reduces the production costs.