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Orthopaedic Industry News & Orthopaedic Company News | Orthogate Professionals

Details
By Editor-in-Chief
Editor-in-Chief
Industry News
08 January 2017

3D Printing Market to More Than Double by 2020

Whether they pump out parts themselves or contract with on-demand services, business demand for 3D printed objects will push the market to more than twice the size of what it is today.

IDC's just-released forecast predicts that worldwide spending on 3D printers, along with the associated software, materials and services, will reach $28.9 billion in 2020, compared to an estimated $13.2 billion in 2016. That lofty figure represents a compound annual growth rate (CAGR) of 22.3 percent over the five-year forecast period.

Unsurprisingly, the discrete manufacturing industry will be firmly in control of the market, responsible for more than two thirds of revenues for the foreseeable future.

Visit Original Source

Last Updated: 08 January 2017
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