A new study by Future Market Insights predicts the 3D printed wearables market, valued at approximately $3 billion in 2018, will maintain its steady course. Medical wearables are expected to be heavily influenced by 3D printing innovations. Research in this sector has experimented with a range of products, from living tattoos that act as sensors to printing bacteria for potential medical applications.
The convenience of providing accessible information to consumers, and tracking and monitoring their health care needs, are some factors affecting the adoption of medical wearables. As the functionality of wearables increases, though, growing security risk is expected to be a major concern holding back the rate of progress in the field, the study found.
The study predicts that 3D printed wearable manufacturers will benefit from new solutions that feature mixed material printing. Key players in the market are partnering with engineers, mathematicians and architects. As more wearable manufacturers turn to 3D printing for accelerated production and waste reduction, gains in the market are expected to surge at a significant pace, the study noted.
The study found that 3D printed footwear will remain the top-selling category, accounting for one-fourth of the market share. And 3D printing is expected to be the future of bespoke fashion, making mass customization mainstream, while optimizing use of resources.
According to the study, Europe and North America remain lucrative markets for 3D printed wearables, accounting for roughly 70 percent of the market. This can be attributed to a notable rise in the number of wearable startups and key players shifting their portfolio from fundamental wearables to smarter products with higher degrees of functionality.
The study offers a market forecast for 2019 to 2029, which is projected to record about 8 percent compound annual growth rate through 2029.
Future Market Insights is a market intelligence and consulting firm that delivers syndicated research reports, custom research reports and consulting services that are personalized.