The global additive manufacturing market size was USD 16.94 Billion in 2022 and is expected to reach USD 94.18 Billion in 2032, and register a revenue CAGR of 21% during the forecast period. Increasing use of additive manufacturing technology across a range of industries, rising demand for lightweight and high-performance materials, and requirement to cut back on manufacturing lead times and costs are major factors driving market revenue growth.
In the healthcare industry, 3D data obtained from scans are used to manufacture 3D printing models, which enables surgeons to practice intricate surgical techniques on realistic models and to be more precise and operate faster. Additive manufacturing is used in the dental industry on a large scale to develop accurate and tailored solutions to fix dental problems. Patient-specific implants are also being manufactured using 3D printing technologies. 3D printed surgical cutting and drilling tools, prosthetics, artificial organs, and designer drugs are other applications of additive manufacturing that have huge potential to drive market growth. Growth of the healthcare industry across the globe, especially in developing countries, to prevent the spread of various types of diseases and reduce mortality rate, is expected to drive market revenue growth.
Some Key Highlights from the Report
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Additive Manufacturing Market Report Scope
PARAMETERS
DETAILS
The market size value in 2022
USD 16.94 Billion
CAGR (2022 - 2032)
21%
The Revenue forecast in 2032
USD 94.18 Billion
Base year for estimation
2022
Historical data
2020-2021
Forecast period
2022-2032
Quantitative units
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
By Technology Outlook, Material Outlook, End-use Industry Outlook, Regional Outlook
By Technology Outlook
By Material Outlook
By End-use Industry Outlook
Regional scope
North America; Europe; Asia Pacific; Latin America ; Middle East & Africa
Browse press release: https://www.reportsanddata.com/press-release/global-additive-manufacturing-market
Additive Manufacturing Market: Key Players
The global additive manufacturing market is highly competitive, with a number of large and medium-sized players accounting for a majority of market revenue. Major players are deploying various strategies, such as entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products. Some major companies included in the global additive manufacturing market report are:
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