Westford, USA,, April 10, 2023 (GLOBE NEWSWIRE) -- The 4D Printing market is experiencing rapid growth and is expected to reach USD 1971.1 million by 2030, with a compound annual growth rate (CAGR) of 40.91% over the forecast period of 2022-2030. This growth is fueled by the increasing demand for intelligent and programmable materials, particularly in the healthcare industry. Additionally, the market benefits from growing investment in research and development and nanotechnology and materials science advancements.
SkyQuest's research indicates that the global smart and programmable material market is projected to grow at a CAGR of 17.5%. The potential of 4D printing to create materials that can change shape, texture, and functionality over time contributes to this growth. Furthermore, the advancements in nanotechnology and materials science are driving the growth of the 4D printing market, with the global nanotechnology market expected to reach USD 24.56 billion by 2025, growing at a CAGR of 15.5%.
Governments across the world are taking steps to promote advanced manufacturing technologies such as 4D printing. The US government, for example, has launched the Advanced Manufacturing Partnership (AMP) to encourage the development of new technologies and processes for advanced manufacturing.
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Browse in-depth TOC on "4d Printing Market"
- Pages - 242
- Tables - 66
- Figures - 67
4D printing is an innovative technology that allows for the production of materials that can adapt their shape, texture, and function over time through programming. It has diverse applications across various sectors such as healthcare, aerospace, construction, and automotive, and is set to revolutionize the manufacturing industry by facilitating the creation of customized and highly advanced products.
Prominent Players in 4d Printing Market
- Stratasys Ltd.
- Hewlett-Packard Development Company, L.P.
- Autodesk Inc.
- Materialise NV
- Organovo Holdings, Inc.
- Dassault Systèmes SE
- 3D Systems Corporation
- EOS GmbH
- EnvisionTEC GmbH
- GKN Aerospace Services Limited
- ExOne Co.
- Arcam AB
- Renishaw plc
- SLM Solutions Group AG
- Optomec Inc.
- Carbon Inc.
- Nanoscribe GmbH
- Hewlett Packard Enterprise Development LP
- Ultimaker B.V.
- voxeljet AG
Healthcare Application Segment Drive Higher Sales due to the Ability to Create Customized and Personalized Medicine Products
The Healthcare Application segment has been identified as a significant contributor to the rapid development of the 4D Printing market in 2021, according to a recent analysis. This trend is expected to continue from 2022 to 2030, as the ability to create customized and personalized medicine products improve patient outcomes and offers better treatment options for various healthcare conditions.
A report by SkyQuest indicates that the global market for 4D-printed orthopedic implants is projected to grow at a CAGR of 29.4%, reaching USD 1.6 billion by 2027. This growth is attributed to the increasing prevalence of orthopedic disorders and injuries, a rising geriatric population, and technological advancements in 4D printing.
According to research analysis, North America is expected to become a dominant player in the 4D Printing market from 2022 to 2030. SkyQuest has projected a CAGR of 25.82% for the region during the forecast period, driven by the increasing adoption of 4D printing technology in various applications and the presence of several key players in the region.The US government has actively invested in 4D printing technology, with initiatives such as the National Additive Manufacturing Innovation Institute (NAMII) and the National Science Foundation (NSF) supporting research and development in the field. These initiatives have helped to drive the growth of the 4D printing market in North America.
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Self-assembling Type Segment to Exhibit Strong Growth due to the Ability to Create Complex Structures and Shapes That Have Potential Applications
In 2021, the Self-assembling Type segment emerged as the dominant method in the 4D Printing market and is expected to continue leading from 2022 to 2030. This trend is being driven by the ability to create complex structures and shapes that have potential applications in various industries, including healthcare, engineering, and disaster relief. Researchers from the University of Bristol conducted a study demonstrating the potential of self-assembling 4D printing in creating complex structures like microbots and self-folding origami. The study employed a technique known as "4D laser printing" to create these structures, which have potential applications in fields such as healthcare and engineering.
The Asia Pacific region has emerged as a significant force in the 4D Printing market and is expected to maintain its leading position by 2030. SkyQuest has projected a significant growth rate of 27.97% for the region during the forecast period, fueled by the increasing adoption of 4D printing technology in various industries and government initiatives supporting research and development in the region.
A comprehensive analysis of the major players in the 4d Printing market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
Key Developments in 4d Printing Market
- The publicly traded emerging growth company, Power Americas Resource Group Ltd. (PARG) has announced the acquisition of several assets related to 3D/4D printing technology for application in the home construction industry. PARG is delighted to have appointed new officers and directors with the primary objective of swiftly executing its new business model..
- 4D Biomaterials has announced the launch of 4D Design™, which will be officially launched this month at the Formnext 2022 event, the world's biggest professional additive manufacturing conference. The company's proprietary 4Degra® photocurable polycarbonate urethane polymer will be used to create improved biodegradable medical devices, and 4D Design, a range of expert services, will aid medical device innovators in their exploration of these devices.
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Key Questions Answered in 4d Printing Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market's future growth?
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