Programmable Materials Industry - Regional Synopsis
Geographically, the programmable materials market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The North America industry is likely to dominate majority revenue share by 2037, due to initialization of 4D technology, and increasing focus on the developments in the technology. The continent is progressively investing in research & development, and scientists are concentrating on developing 4D material that has the capability to adapt to different environmental conditions. According to the Organization for Economic Co-operation and Development, the healthcare spending of the United States is higher than that of other countries, as a percentage of GDP. 4D scanners can be used in healthcare to develop 4-D models for human body parts, which can then be used for designing prosthetics. Moreover, in the upcoming years, Asia-Pacific and Europe are also expected to have a noteworthy contribution to the market.
