The global 3D printed wearables market, valued at approximately US$ 3 Bn in
2018, will maintain its steady course, according to a new study by Future
Market Insights (FMI). According to the study, the 3D printed wearables
industry remains influenced by manufacturers’ focus on partnerships with
technology providers to eliminate traditional limitations for design
innovations.

Sensing
the potential and consumer demand for 3D printed wearables, manufacturers have
introduced a wide range of products – from footwear and clothes to jewelry and
sports accessories. The report finds that 3D printed footwear will remain the
top-selling category, accounting for one-fourth market share. 3D printing is
expected to be the future of bespoke fashion, making mass customization
mainstream, while optimizing use of resources.

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3D printing holds significant potential in enhancing product
developments in the wearables industry, enabling manufacturers to create
prototypes and establish a proof of concept. Although high initial cost of 3D
printers does remain a key concern, the low cost of operations and the
convenience element are expected to offer long-term benefits for manufacturers. 

According
to the study, the footwear industry has taken the lead in the adoption of 3D
printing technology, with product offerings that range from shoes to insoles
with personalized design. This trend of custom-made solutions in the footwear
industry is likely to encourage companies to improve their processes and
realize measurable returns on their investment.

The
role of 3D printing in revolutionizing the manufacturing process as a whole
while enabling mass production of customized products, is expected to
complement future growth of the 3D printed wearables market.

Stakeholders Vying for Untapped
Opportunities in the Medical Sector

This
study opines that the scope of 3D printing technology is extensive in the field
of medical wearables, and has created opportunities hitherto unforeseen in
surgical and medical fields. Research in this sector has been inclined towards
making living tattoos that act as sensors, to making viable organs that could
revolutionize the transplantation process and printing bacteria for potential
applications in the medical field.

The
convenience of providing the accessibility of information to consumers, and
tracking and monitoring their healthcare needs, is one of the leading aspects
governing the attraction toward and adoption of medical wearables. This has led
to a better understanding of conditions, for greater control over the end
result. Even as the functionality of wearables increases, growing security risk
is expected to be a major concern holding back the rate of progress in the
field.

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The study finds that 3D printed wearable manufacturers will
benefit from of new solutions that feature mixed material printing. Key players
in the market are partnering with engineers, mathematicians and architects for
creating high-end 3D printed wearables for the future, which would feature
added functionalities and improved accessibility to a wider array of data. 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 in the foreseeable future.

According
to the study, Europe and North America remain
lucrative markets for 3D printed wearables, collectively accounting for ~70%
shares. This can be attributed to a notable rise in the number of wearable
startups, along with focus of key players on shifting their portfolio from
fundamental wearables to smarter products with higher degrees of functionality.

The study offers a long-term forecast for
the 3D printed wearables market for the period between 2019 and 2029. The 3D
printed wearable market is projected to record a ~8% CAGR through 2029.

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