Market Trends of North America 3D 4D Technology Industry
This section covers the major market trends shaping the North America 3D 4D Technology Market according to our research experts:
Healthcare is Expected to Hold Prominent Market Share
- With the increasing technology integration in the medical field and the growing manufacturing industry, the demand for 3D reconstruction is expected to increase significantly. Furthermore, with new inventions in the field of spatial recognition by the players, and the application usage in media and films, 3D reconstruction inhibits profitable growth. The market is supported by end-users ready to pay premium prices for upgraded services, which support the initial adoption rate.
- It is expected that in the United States alone, close to 200,000 amputations are performed each year, with prosthetics priced from USD 5,000-USD 50,000; replacement or alterations can be time-consuming and expensive. AM technology is regularly used to produce patient-specific components of prosthetics that match perfectly with the user's anatomy. The ability to produce complex geometries from various materials has resulted in AM being adapted at the locations where prosthetics are in contact with a patient.
- Growing incidences of chronic illnesses leading to organ and tissue transplants and the limited number of organ donors are some of the primary factors driving the market growth. According to the US Food and Drug Administration (US FDA), 3D printers are already being relied on to manufacture medical equipment and surgical devices that match a patient's unique body type or anatomical requirements. The specialized surgical equipment enables doctors to treat the individual needs of their patients more effectively and efficiently.
- Moreover, US medical device expansion opportunities come from specific key ongoing policies and activities. For example, the Radiological Society of North America (RSNA) launched the 3D Printing Special Interest Group (SIG). It had set up several committees to work in different areas to support radiology-centered, hospital-based, point-of-care 3D printing to impact more patients. The rooms include prosthetics, anaplastology, regulatory and compliance, and simulations.
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3D Printer is One of the Factor Driving the Market
- 3D printers are utilized in a wide range of industries, including aerospace, health, education, and non-custom prototyping. Both the commercial sector and the federal government have backed these 3D printing uses. The National Science Foundation has provided financing for basic and applied research and research and development from mission organizations such as the Department of Defense, the National Institutes of Health, and the National Aeronautics and Space Administration.
- The National Additive Manufacturing Innovation Institute (also known as America Makes) is the flagship institute of the Manufacturing USA initiative and has provided substantial federal funding for additive manufacturing. This collaboration between industry, academia, and the government aims to "[accelerate] the adoption of additive manufacturing technology in the United States to boost American manufacturing competitiveness." Hundreds of millions of dollars have been invested in both public and private 3D printing-related firms and research and development in recent years.
- Medical research and the outcomes of complex operations and particularly difficult cases can benefit from 3D printing. Both Chinese and American researchers have 3D-printed models of dangerous tumors to aid in the discovery of novel anti-cancer medications and better understand how tumors develop, grow, and spread. "Bioprinted cancer models can even approximate the 3D heterogeneity of real tumors.
- In comparison to other manufacturing techniques, 3D printing is unusual in that the time and expenses involved in fabrication are independent of the complexity of the product. Instead, the weight of the materials being deposited in the device determines the lead time. As a result, prototype and completed product fabrication timeframes are extremely predictable. 3D printing reduces repetitive etching, pressing, drilling, and finishing operations during the production of complicated electrical devices, notably multilayer PCBs. A fully working board can be printed in less time than a traditional technique with the correct additive manufacturing technology and process.
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