IGR 3D Printing Devices, Services and Supplies Market | Page 2

The report on 3D Printing Devices, Services and Supplies Market by type (aerospace, healthcare,
energy,& others) by product (hardware, software, services, materials) trends analysis and
forecasts up to 2023 studies the market sizes, key trends and opportunities in the main
geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the
report the Global 3D Printing Devices, Services and Supplies Market is projected to grow at a
CAGR of 25% in terms of value over the period of 2017-2023. The growth in the world market is
primarily driven by significant contribution by North America (Leading region) region to this
market.
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3D printing has been transforming over the past several years and there is growing evidence that
the innovations in technology and materials have finally brought it beyond the publicity stage.
Aerospace, defense and automotive are the most mature industries in applying 3D printing.
Nevertheless, growing awareness of 3D printing in the market and a readiness to leverage the
technology for prototyping, tools, fixtures and even finished products are increasing in several
other industries. Growing awareness about 3D printing, increasing benefits, increased ability to
innovate, reduced lifecycle costs by using 3D printing, and reduced time to market are few factors
promoting growth of this market. In addition to these growth drivers, the technological
developments in healthcare 3D printing as well as growing government and private are funding to
support the development of new 3D printing technologies, and increasing demand for organ
transplantation propelling the market growth further. However, there are certain restraining
factors which could hinder the market in future, which includes quality and regulatory issues, lack