Global 4D Printing Market Predicted to Grow Markedly
There is increasing adoption of novel 4D printing in biomedical sciences such as prostheses to elevate growth.
August 16, 2022
Research Nester has published a detailed market report on “Global 4D Printing Market” for the forecast period, that is, 2022–2031 which includes the following factors:
- Market growth over the forecast period
- Detailed regional synopsis
- Market segmentation
- Growth drivers
- Key market players and their detailed profiling
Global 4D Printing Market Size
The global 4D printing market is estimated to grow at a CAGR of ~40% over the forecast period. Improving the existing capabilities of 3D printing, 4D printing adds time to increase the dimensions from three to four.
By using 4D printing, a 3D printed object self-transforms in shape and material quality in response to environmental factors including immersion in water, exposure to heat, pressure, current, UV light, or some other source of energy that acts as the external stimuli. The market's expansion can be ascribed to the various end-user industries' growing need for technologies and increasing investment in research and development (R&D) across the globe.
According to research reports by Congressional Research Service (CRS), global R&D spending increased from USD$677 billion to USD$2.2 trillion in 2019. Technologies for the medical sectors are being developed as a result of 4D printing technology advances, which is predicted to drive the market growth during the upcoming years. For instance, the primary motivation for introducing 4D printing technology in orthopedics is the ability of 4D printed orthopaedic implants to grow as the human body does.
Sources: Press materials received from the company and additional information gleaned from the company’s website.