Global 3D Printing Market Valued at $61.33 Billion Estimated…

Global 3D Printing Market Valued at $61.33 Billion Estimated…

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CLIFTON, NJ, May 8, 2023 (GLOBE NEWSWIRE) — Progress in 3D printing technology, including the development of new materials and more sophisticated printing techniques, have made it possible to produce high-quality, complex products faster and more efficiently. As the cost of 3D printing technology has come down, it has become more accessible to small businesses and individuals. This has led to increased acceptance of the technology for prototyping, low-volume manufacturing, and custom production. 3D printing enables products to be highly customized, which is particularly useful in industries such as healthcare, where personalized medical implants and prostheses can significantly improve patient outcomes. The technology is more sustainable than traditional manufacturing methods because it generates less waste and can use recycled materials. Educational initiatives aimed at raising awareness of 3D printing and providing the necessary skills to use the technology have contributed to its global adoption.

In recent years there have been significant advances in the 3d printing Materials, including the development of new plastics, metals and even organic materials. 3D printing can be used to create intricate and detailed objects that would be impossible to produce using traditional manufacturing methods. This includes everything from jewelry to machine parts to artistic sculptures. For example, in 2015 a team of researchers from the University of Bristol in the UK used 3D printing to create a working artificial heart. The heart was made of silicone and could pump like a real human heart. Additionally, in 2018, a company called ApisCor used 3D printing to build a house in just 24 hours. The house was printed in one continuous piece instead of being assembled from individual parts.

The central theses:

  • The North America region will lead the global 3D printing market with almost 33% in 2022, with the printer segment with…



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