The Global 3D Printed Surgical Models Industry is poised for substantial growth, projecting a commendable Compound Annual Growth Rate (CAGR) of 14.7% from 2022 to 2032, according to the latest insights from Future Market Insights (FMI). The market, valued at US$ 347.5 million in 2021, is anticipated to soar to US$ 1731.9 million by 2032.
The accelerated expansion of the Global 3D Printed Surgical Models Industry can be attributed to the increasing demand for personalized healthcare solutions and the diverse range of surgical applications facilitated by 3D printing technology.
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The use of 3D printed surgical models in the healthcare industry for planning tumor excision, endovascular aneurysm repair, and the treatment of trauma injuries in orthopedic surgery has improved Global 3D Printed Surgical Models Industry statistics.
More money spent on healthcare by governments around the world aids surgeons in performing surgery precisely and successfully, increasing the number of successful treatments, and promoting the 3D printed surgical model Industry growth.
The surge in demand for minimally invasive procedures has been the primary factor driving the market expansion for 3D-printed surgical models throughout the forecast period. An increase in R&D efforts will aid in the 3D-printed surgical models’ market share growth.
The high expense of the technology, on the other hand, is projected to restrict the demand for 3D-printed surgical models. The expansion of the market is also expected to be hampered by the rising use of recycled and refurbished equipment during the forecast period.
The most advanced healthcare infrastructure, including hospitals, clinics, and extensive use of cutting-edge medical products and services like 3D printing, is found in the United States.
Key Segments:
- The 3D-printed surgical models market is expected to have a CAGR of 14.7% during the forecast period.
- The 3D printed surgical model Industry will have a valuation of US$ 396.6 million in 2022.
- The 3D-printed surgical model market had a valuation of US$ 347.5 million in 2021.
- The 3D printed surgical model Industry is segmented based on surgical models, wherein the orthopedic segment is anticipated to have a CAGR of 11.4% by 2032.
- The 3D printed surgical model Industry is segmented based on technology, wherein Color Jet Printing is anticipated to have a market share of US$ 481.4 million by 2032.
- The 3D printed surgical mode Industry is segmented based on material, wherein the plastic segment is anticipated to have a market share of US$ 383.3 million by 2032.
- The Europe 3D printed surgical model Industry is anticipated to reach a value of US$ 473.8 million through 2032.
- The North American 3D printed surgical model Industry is expected to lead with a prodigious share of US$ 507.2 million during the forecast period.
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Competition Landscape:
The market for 3D-printed surgical models is very crowded, with both domestic and international vendors. The increasing demand from consumers can motivate a number of business individuals to introduce cutting-edge products in this sector.
Some of the major key players in the 3D printed surgical model Industry are Stratasys Ltd., 3D Systems, Inc, Lazarus 3D, LLC, Osteo3D, Axial3D, Onkos Surgical, Formlabs, Materialize NV, 3D LifePrints U.K. Ltd., and WhiteClouds Inc.
Recent Developments:
- The company’s Mimics Enlight cardiovascular planning software suite will include new Left Atrium Appendage Occlusion (LAAO) procedure support technologies in 2021, boosting Materialize 3D printing capabilities in the field of cardiology.
- In order to offer a new DICOM-to-print solution for surgeons and hospitals throughout North America in 2020, Fast Radius teamed up with Axial3D. It is predicted that such strategic actions will promote market expansion. The following are a few of the leading companies in the market for 3D-printed surgical models
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Market Segments Covered in Global 3D Printed Surgical Models Industry Analysis
Key segments
By Surgical Models:
- Cardiac Surgery/Interventional Cardiology
- Gastroenterology Endoscopy of Esophageal
- Neurosurgery
- Orthopedic Surgery
- Reconstructive Surgery
- Surgical oncology
- Transplant Surgery
By Technology:
- Stereo-lithography
- Fused Deposition Modeling
By Material:
- Plastic
- Metal
By End User:
- Hospitals
- Ambulatory Surgical Centers
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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