Trends In The North America 3D Printing Market Outlook: Ken Research

The additive manufacturing and 3D printing is an effective procedure of building the three dimensional solid items from a digital file. The generation of a 3D printed object is attained utilizing the additive processes. However, in an additive procedure an object is generated by laying down the uninterrupted layers of the material until the item is produced. Each of such layers can be seen as a lightly sliced horizontal cross-section of the subsequent objects. Furthermore, the 3D printing is the contradictory of the subtractive manufacturing which is wounding out/hollowing out a section of metal or plastic with for instance a milling appliance. The 3D printing allows introducing the complex structures utilizing less material than the traditional manufacturing ways.

According to the report analysis, ‘North America Market Insights on 3D Printing: Insights & Forecasts, 2018-2024: Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies))’ states that in the North America 3D printing market, there are several key players which are recently functioning more positively for leading the fastest market growth and registering the high value of market share throughout the short span of time while introducing the new and advanced technologies of producing the three dimensional object, decreasing the human efforts, analyzing and studying the effective strategies and policies of the strict regulatory authorities, and positively determining the competitors strengths includes 3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd., Autodesk, Inc., The ExOne Company, Hoganas AB, Organovo Holdings, Inc., Mcor Technologies Ltd., Voxeljet AG and many others.

Additionally, the market of 3D printing in North America is sectored into different segments such as type of the product, material type, and varieties of services, technology type, application type, end users and region. However, based on the material type, in 2017, polymer sector effectively registered the North America 3D printing material market as they characterize the greatest penetration and user approach ability in 3D printing. It is projected that the polymer material will endure to lead material segment during the reviewed period.

Nonetheless, based on the end users, accredited to the speedy acceptance of the 3D printing among small and medium enterprises in North America and strengthening the digitization wherein 3D printing solutions have paved the technique for several other manufacturing companies, manufacturing sector employed the principal share in 3D printing technology market. Whereas, on the basis of region, US proficiently continues to central the North America economy 3D printing market recognized to spur in IT expenditure of country and inclusive array of industries embracing 3D printing to manufacture great performing 3D commissioned products followed by Canada and Mexico.

The large players in the North America 3D printing are accepting the strategies of joint ventures, partnerships and mergers and acquisitions and introducing the new products which further benefitted for increasing the value of market share and generating the high value of revenue. Therefore, in the coming years, it is predicted that the market of North America 3D printing will increase more significantly over the coming years.

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North America 3D Printing Market

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Europe Market Insights on 3D Printing: Insights & Forecasts, 2018-2024: Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies))

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North America Market Insights On 3D Printing Outlook: Ken Research

Each 3D printer generates the parts dependent on the similar main principle, a digital model is turned into a physical three-dimensional object by totaling material a layer at a period. This is where the alternative term an additive manufacturing comes from. The 3D printing is a necessarily dissimilar method of way of introducing the parts compared to the traditional subtractive or formative manufacturing technologies. Not only has this, in 3D printing, no specific tool are needed. For instance, the part is produced directly onto the built platform layer-by-layer, which centrals to a unique set of advantages and restrictions.

Moreover, it is essentially to understand that 3D printing is a speedy advancing technology. It comes with its exceptional set of benefits, but also holds ups behind the traditional introducing in some methods.

According to the report analysis, ‘North America Market Insights on 3D Printing: Insights & Forecasts, 2018-2024: Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies))’ states that in North America market insights on 3D printing, there are several key players which recently functioning more perfectly for leading the highest market share and dominating the high value of market share more positively during the review period while significantly decreasing the printer costs, proficiently solving the legal issues faced by the foremost 3D players and generating the supportive regulatory framework includes 3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd., Autodesk, Inc., The ExOne Company, Hoganas AB, Organovo Holdings, Inc., Mcor Technologies Ltd., Voxeljet AG and several others.

Additionally, on the basis of region, the US stays to lead the North America 3D printing market recognized to outgrowth in IT spending of country and wide selection of industries embracing 3D printing to manufacture extraordinary performing 3D customized products monitored by Canada and Mexico. Furthermore, on the basis of segmentation by the application type, the Functional parts apprehended maximum share during 2017 due to its fast speed, eminence and low cost of additive manufacturing. Meanwhile, the education and visual aids are estimated to register remarkable growth over the years to come in the corresponding economy.

Sideways, dependent on the segmentation by technology type, Fused Deposition Modeling attained the largest share in 2017 in regional 3D printing market as it is one of the projecting and manipulator friendly technologies that are generally used to generate 3D printed objects. Not only has this, on the basis of end user, the qualified to rapid acceptance of the 3D printing among small and medium companies in North America and bolstering digitization wherein 3D printing solutions have cemented the route for several other manufacturing companies, manufacturing sector engaged the prime share in 3D printing technology market.

Additionally, the government in North America has also appreciated the vast applications as well as the gigantic benefits of 3D printing which as further simplified the embracement of this innovative technology in the country. Therefore, in the coming years, North America market insights on 3D printing will increase more significantly over the near years.

For more information on the research report, refer to below link:-

North America 3D Printing Market

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Ken Research

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Increased Cost Efficiency Coupled with Technological Advancement to Drive the 3D Printing in Healthcare Market in the North American Region : Ken Research

According to study, “North America 3D Printing in Healthcare Market (2018-2023)” some of the major companies that are currently working in the North America 3D printing in healthcare market are Stratasys Ltd., Renishaw, 3D Systems, Formlabs, Organovo.

The 3D printing is a method of making a substantial object from a three dimensional digital model, which is done by layering down several thin coatings of a material in sequence. ZipDose is a best example of 3D printer in healthcare industry, which creates pills by printing out thin coatings of drug in powder form, with coating of a water based binder spread among each of the powder layers. The major methods or the process used are rapid prototyping (RP), additive manufacturing (AM) and solid free-form fabrication (SFF).

The 3D printing includes the components like frame, idle gear, bed leveling, belts, heater cartridge, nozzle, SD card slot, extruder, print bed, power supply, heater cartridge, user interface, stepper motors, lead screws or threaded rods, motherboard and hobbed gear etc.

The 3D printing healthcare market is classified into material jetting, stereo lithography (SLA), thermal inkjet printing (TIJ), binder jetting (BJ), selective laser sintering (SLS) and fused deposition modeling (FDM). Some materials are included in this process such as metals, donor cells, ceramics, plastics or polymers, bone cement and photopolymers etc. Metals include aluminum, titanium and stainless steel. Ceramics include silica, glass and porcelain. In addition, Acrylonitrile Butadiene Styrene (ABS), nylon and polylactic acid (PLA) are the plastics or polymers.

Based on the technology, the 3D printing in healthcare market is segmented into droplet deposition, wax deposition modeling, electron beam melting (EBM), laser beam melting (LBM), laminated object manufacturing, bio printing and photo polymerization. Some of the major applications of the market are include surgical instruments, laboratory & manufacturing tools, hearing aids, tissue engineering, prosthetics, dental, medical components and drug screening. Some implants such as bone plates, spinal rods, prosthetic implants, cranial implants and orthopedic implants are surgical instruments. Some prosthetics are lower limb or extremity componentry, finger splints, shank & connectors and hip disarticulation etc. In addition, the orthodontics, implants (endosteal& sub-periosteal implants), dentures and prosthodontics are the dental 3D printing applications.

Some of the key advantages of the market are increased cost efficiency, democratization & collaboration, customization & personalization and enhanced productivity etc. Apart from advantages, some of the major disadvantages include slow procedure, expensiveness, insufficient strength and misuse of technology or expertise. Moreover, the lack of raw material, high cost of manufacturing and lack of awareness also adds to the problems.

The National Additive Manufacturing Innovation Institute (NAMII) is an additive manufacturing institute in the U.S., which provides innovation infrastructure for supporting new additive manufacturing products and technologies of 3D printing. This institute includes many non-profit organizations such as National Digital Engineering and Manufacturing Consortium and Association for Manufacturing Technology and many others.

The market of 3D printing in healthcare industry is mainly driven by increasing disposable income, increasing scope of bioengineering products, rising demand for patient-centric products in orthopedics & maxillofacial surgery, increasing dental laboratories & hearing aid manufacturers and the reduction in the costs of 3D models and the availability of a range of material options such as nylon, polymers, etc are growing appreciably which led to the growth of the market.

North America holds the largest market share in the world due to widespread adoption of the 3D printing technology, several collaborations between academic and commercial organizations, increasing research and development investments and increasing various technological advancements. It is expected that 3D printing in healthcare market will be reached at USD 0.7 billion by 2023.

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https://www.kenresearch.com/healthcare/general-healthcare/north-america-3d/172332-91.html

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https://www.kenresearch.com/europe-3d-printing-172329.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
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+91-9015378249