Asia Pacific Additive Manufacturing (AM) Market is expected to reach USD 22.40 billion by 2030
The rising advancements in the healthcare sector driving up demand for the Additive Manufacturing (AM) market during the forecast period.
Asia Pacific Additive Manufacturing (AM) Market is valued at USD 3.80 billion in 2022 and is expected to reach USD 22.40 billion by 2030, with a CAGR of 24.8% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The healthcare sector in the Asia Pacific region is witnessing a surge of innovations aimed at overcoming physical limitations and promoting a healthier lifestyle. These advancements are driving the sector to flourish and embrace novel and inventive methodologies, including the utilization of 3D printing technology. This adoption of 3D printing is expected to fuel the growth of the healthcare industry in the region, enabling the development of customized solutions and improving patient care. For instance, in February 2022, 3D Systems, Inc. partnered with Saremco Dental AG to enhance its digital dentistry material portfolio. The company will combine its NextDent 5100 3D printer with Saremco's CROWNTEC material to open up a new range of applications. The partnership has helped the company to expand its business.
However, the cost of additive manufacturing technologies, including printers, materials, and post-processing equipment is relatively high compared to traditional manufacturing methods. This cost factor may limit the accessibility and adoption of additive manufacturing, particularly for small and medium-sized businesses, which is expected to restrain the growth of the market.
On the other hand, continuous advancements in additive manufacturing technologies, including improved printer capabilities, enhanced materials, and more efficient post-processing techniques, have fueled the growth of the market. These advancements enable higher quality, faster production, and expanded application possibilities, attracting more industries to adopt additive manufacturing. Thus, it is expected to create ample opportunities for the market.
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According to the report, leading players in the Asia Pacific additive manufacturing market include 3D Systems, EOS, Stratasys, Renishaw, Materialise, Hoganas, Yamaha-Mazak, Markforged, Ultimaker, and Proto Labs.
Key Insights from the Asia Pacific Additive manufacturing Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the Asia Pacific additive manufacturing market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the Asia Pacific additive manufacturing market is provided in the report along with their competitive analysis.