Report

Europe 3D 4D Technology Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • Publish Date: Apr,2023
  • Report ID: 16-13-1280
  • Page : 200
  • Report Type : PDF (Email)
IBM Corporation, Oracle Corporation, Internap Corporation, Packet Inc. (An Equinix Inc. Company), Scaleway Inc., Amazon Web Services Inc., Rackspace Inc., CenturyLink, Inc., and LightEdge Solutions, Inc. [Description of the Report] The Europe 3D 4D Technology Market is anticipated to grow at a CAGR of 20.2% over the course of the forecast period. The 3D 4D technology market in the region is expanding at a faster rate as more and more applications, including aerospace, automotive, and healthcare, are adopting the technology. With significant advancements in 3D printing and reconstruction technology, Europe's healthcare sector experienced expansion.

Highlights The region has a pool of educational institutions that offer relevant training for skill expansion and a robust and stable R&D infrastructure with research in healthcare-related preservative manufacturing.
In the country, companies like BASF worked with Poietis, a French biotech bioprinting company, to create services and products in the 3D-bioprinting industry. The widespread spread of the Coronavirus has had a significant impact on the global market for 3D and 4D technology. According to the companies, they intend to use their joint 3D-bioprinted skin project to test and evaluate skincare ingredients. The 3D imaging solution, on the other hand, is expected to generate a significant amount of revenue within the allotted amount of time due to its applications in a number of the burgeoning sectors during these trying times, such as education technology and healthcare.
For instance, significant developers of 3D printing technology Printlab (UK) and Printcity announced in April 2020 the launch of a free 3D printing lesson plan to support the fight against Covid-19. The fully integrated 3D printing project makes people aware of how quickly viruses like corona can spread on surfaces.
For example, in the middle of 2019, Evonik, a German specialty chemicals company in biomaterials for medical implants, announced the launch of a new line of RESOMER filaments to enable 3D printing of personalized, high-resolution bioresorbable implants. At the beginning of 2020, FabRx was awarded funding from the innovation agency Innovate UK to develop the 3D printer to produce personalized medicines. Key Market Trends Healthcare is Expected to Hold Significant Share In medicine, 3D reconstruction is being used to The modern examination project, worth EUR 600,000, would be driven by FabRx, in organization with Katjes UK and Wizardry Candy Processing plant, a 3D printing fire up spend significant time in the 3D printing of dessert shop items.
This project aims to develop a safe and functional 3D printer that can produce printed tablets (or "printlets") in a hospital pharmacy setting in accordance with clinical and regulatory guidelines. In addition, the NHS Blood and Transplant reports that the number of organ transplants performed in the UK increased to 3951 in 2018/19. As a result, these initiatives are anticipated to boost the country's market growth. In addition, the European Commission will announce a 150 million euro financial contribution to the Venture Centre of Excellence program in October 2020. It aims to provide financing for European health start-ups, thereby accelerating citizen-driven health innovation and the development of 3D and 3D healthcare technology.
Germany is Supposed to Observe Huge Development
Organizations in the country, for example, EnvisionTEC GmbH, offer 3D-bioplotter for the mechanized creation of organs and tissues to address complex wellbeing challenges in medication. Medical researchers are able to combine cells, gels, polymers, and other materials using the 3D-bioplotter to create a single scaffold object that can replace an injured or missing body part, such as tissue, bone, or organs. Additionally, Black Drop Biodrucker GmbH is a European-based German company that specializes in 3D bioprinting. Black Drop sells bioprinters, bio-inks, tissue models, and a variety of services related to bioprinting. In February 2020, Formlabs announced a partnership with BEGO, a German manufacturer of dental prosthodontics and implants. Dental applications will soon have access to both temporary and permanent 3D printed crowns and bridges thanks to this partnership. Through the joint effort, Formlabs dental clients will approach BEGO's scope of helpful materials for dentistry, empowering them to 3D print brief and long-lasting crowns for patients straightforwardly. Over the forecast period, opportunities for the market are anticipated due to the rising incidence of chronic diseases like heart and kidney failure, the aging population, and the limited number of organ donors. This capability to produce dental restorations using a fully digital workflow is expected to reduce costs and turnaround times, resulting in better patient care. For instance, it is anticipated that by 2035, 24 billion people in Germany will be 65 years old or older (31 percent of the total population). In Germany, the healthcare sector uses bioprinting technology primarily for organ transplant. In 2018, the European Directorate for the Quality of Medicines and Health Care (EDQM) reported that there were 27.8 procedures for kidney transplants per million people in Germany. The pace of kidney relocate methods has expanded beginning around 2016. Liver transfers were the second-most done relocate strategy in Germany in 2017, with a 10.7 per million populace. Landscape of Competition Major international and regional players have created a moderately fragmented market for 3D and 4D technology in Europe. To maintain a competitive advantage in the market, the region's businesses are implementing innovative strategies, strategic partnerships, and mergers.

February 2020 - Stratasys Ltd reported Siemens portability administrations had proceeded with its interest in organization innovation to help its development in rail upkeep activities in Russia. The organization s two 3D printers, Fortus 450mc, were introduced in St Petersburg and Moscow to change its upkeep working by utilizing its Siemens Versatility area Information. This venture plans to enhance administrations utilizing 3D printing and advanced stock of train parts and creation of substitutions and extra vehicle parts. ?"