North America Additive Manufacturing with Metal Powders Market Size

North America Additive Manufacturing with Metal Powders Market Size

North America additive manufacturing with metal powders market size was over USD 135 million in 2020 and is estimated to grow at over 20.5% CAGR between 2021 and 2030 owing to increasing demand from aerospace, medical and automotive industries. Additionally, rising company adoption for additive manufacturing to achieve design freedom and gain competitive advantage is projected to boost the product demand over the projected period.

Additive manufacturing finds demanding applications in manufacturing several medical devices used in cranial plates, hip joints, external prosthesis and in dental restorative and prosthetic devices including dental cements, direct filling resins, denture resins, night guards, orthodontic retainers, crowns, night guards, inlays and on lays, among others. The continuously widening application scope for selective laser sintering (SLS) in different medical and healthcare applications such as tissue engineering is expected to further contribute to additive manufacturing with metal powders market growth in North America over the forecast period.

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Numerous benefits of additive manufacturing techniques for manufacturing medical devices over other conventionally used techniques including cost saving, generation of less waste and less time consuming and less complicated manufacturing process should favour the growth of North America additive manufacturing with metal powders market over the forecast period. Improved quality healthcare and higher spending on healthcare services have propelled the growth of healthcare industry in North America.