Four-Fold Surge Expected in Slicing Software Market till 2030
Posted by Devanshu Shrivastava on November 11th, 2020
The increasing utilization of 3D printing technology in the healthcare industry is a major driving factor of the slicing software market. 3D printing technology is being utilized for a number of applications in the healthcare industry include tissue engineering, wearable devices, 3D-printed prostheses, manufacturing of surgical equipment, and image processing. This technology offers a number of advantages, including lower operative risks when complex procedures are being conducted, decreased anesthesia requirement, and minimized risk of infections associated with prosthetic devices.
When industry is taken into consideration, the slicing software market is divided into automotive, aerospace & defense, jewelry, education, healthcare, architecture & construction, and consumer products. Among all these, the healthcare industry is expected to register the highest CAGR during the forecast period, owing to the high adoption of the 3D printing technology for designing medical products and surgical equipment. The increasing inclination towards acquisition of 3D printing material providers by market players is also leading to the growth of the category.
Geographically, the slicing software market was dominated by North America during the historical period (2014–2019) due to the easy availability of skilled labor, high adoption of technologies, utilization of new materials, and requirement for reliable technology for the production of solid objects. The Asia-Pacific region is projected to exhibit the highest CAGR during the forecast period, because of the increasing government initiatives that are supporting the 3D printing industry and rising focus of countries on the implementation of AM.
This market research report provides a comprehensive overview of the slicing software market
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About the AuthorDevanshu Shrivastava
Joined: January 31st, 2020
Articles Posted: 105
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