Manufacturing 3D Printer Market Trends

Growth Drivers

• Expanding healthcare industry - The healthcare business growth is a substantial driver of demand for manufacturing 3D printers which are used to manufacture medical instruments and equipment, including prototypes, medical tools, custom-made prostheses, orthodontics, implants, and custom anatomical models for surgery preparation and to enhance the job that all medical professionals do daily, enabling them to save an increasing number of lives.
  
  For instance, lately, the market for health care worldwide is estimated to be worth around USD 7 trillion.
• Growing spending in the construction sector - The building business greatly benefits from manufacturing 3D printing, an inventive method of turning Computer-Aided Design (CAD) models into three-dimensional items, which also permits the development of intricate architectural forms.
  
  Before the coronavirus pandemic, the construction industry had grown to a spending value of more than USD 10 trillion, and it is predicted to expand by around 2% per year.
• Increasing adoption of virtual and augmented reality - Virtual and augmented reality are being integrated with 3D printing technology which enables designers to try out several color schemes and styles before settling on a certain design.
  
  By 2025, almost all smartphone users and more than 70% of the world's population will be regular users of augmented reality.

Challenges

• Lack of accuracy - The low accuracy and inconsistent reproducibility of manufacturing 3D printing is one of the biggest challenges it faces, which indicates that the majority of manufacturers will be hesitant to employ the technology.
• Quality control issues - Maintaining consistency and quality in 3D printing is one of the biggest obstacles to its growth since quality control is essential to keep production processes repeatable and consistent and to make sure components and goods are manufactured according to specifications and perform as intended.