Additive Manufacturing Market Size

Additive Manufacturing Market size was over USD 22.73 billion in 2024 and is anticipated to cross USD 285.82 billion by 2037, growing at more than 21.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of additive manufacturing is estimated at USD 26.64 billion. The rising government efforts to increase the use of additive manufacturing will drive industry growth. In 2022, the Biden administration launched the Additive Manufacturing Forward Program. It is an informal contract between big companies to assist their smaller US-based suppliers by expanding their usage of additive manufacturing, also known as 3D printing.

Moreover, the rising demand for flexible prototype designs for medical devices is likely to augment the additive manufacturing market. With rising investment in medical devices, the production and availability of essential devices will rise notably. Medical devices often require intricate and complex geometrics that can be easily fabricated, including internal channels, lattices, and porous structures. This allows for the creation of devices with optimized functionality, such as implants or drug delivery systems, and others.