3D Printed Surgical Models Market Application, Growth, Demand, Status, and Forecast from 2022 to 2032
The 3D Printed Surgical Models market revenues were estimated at US$ 347 Mn in 2021 and is anticipated to grow at a CAGR of 14.7% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach US$ 2.2 Bn.
The market for 3D printed surgical models is predicted to grow in response to increases in the prevalence of chronic conditions, the surge in the range of surgical methods, and increasing demand for personal health care products. Other drivers include the rise in the adoption of modern technologies such as side-by-side deposition modeling and stereo lithography to print settings.
Surgical models using 3D printed orthopedic prosthesis technology are anticipated to undergo growth in the projected timeframe as advances in the technology alleviate the present circumstances. Nevertheless, 3D printing technologies are costly, and technological limitations, such as the difficulty of developing specialized pores, may make it difficult for this market to realize explosive growth.
For training purposes, 3D-printed surgical models to enhance eyesight are used in orthopaedic medical procedures (including surgical treatment of orthopaedic injuries, tumour resection planning, and endovascular aneurysm repair). An additional application is fabrication of 3D-printed musculoskeletal joints.
Lowering expenses for sophisticated 3D printers led to reduced expenditures for 3D printed surgical models in 2020 due to the coronavirus outbreak, which ultimately slowed elective surgery waiting lists. A survey conducted in March of 2021 reported that 56% of the 255 participants are willing to undergo elective surgical procedures within the next three months, suggesting a rise in demand for surgical procedure services during the past 12 to 18 months due to the COVID-19 pandemic.
Key Takeaways from the Market Study
- 3D Printed Surgical Models Market was valued at US$ 347 Mn in 2021. According to Future Market Insights, 3D Printed Surgical Models Market revenue is projected to increase 5.5X times between 2022 and 2032, reaching roughly US$ 2.2 Bn in 2032.
- In terms of Specialty, Orthopedic Surgery is expected to account for the highest projected growth rate of 18.4%.
- In terms of Technology, Stereolithography accounts for the highest projected CAGR of 23.3% during the forecast period.
- US is expected to be the dominant market for 3D Printed Surgical Models with an absolute dollar growth opportunity of US$ 578 Mn.
The high cost of 3D printed surgical equipment has been observed to impact the market however with the research and developments process by competitors, this cost is likely to come down along the years, comments a Future Market Insights analyst.
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Competitive Landscape
The market for 3D printed medical models is highly competitive. Key companies in the market include Stratasys Ltd., 3D Systems, Inc., Materialise, and Formlabs. Market participants’ key strategic moves include investment in new product development, mergers and acquisitions, partnerships, and collaborations.
- In 2021, GE Healthcare’s Materialise cardiac anatomic printing software now includes integrated LAAO (Left Atrial Appendage Occlusion) procedure support technologies, expanding the business’s presence within the cardiovascular preparation sector.
- In 2020, Fast Radius and Axial3D collaborated to provide a new DICOM-to-print service for medical professionals in North America.
Get Valuable Insights into 3D Printed Surgical Models Market
Future Market Insights, in its new offering, presents an unbiased analysis of the 3D Printed Surgical Models market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Specialty Cardiac Surgery, Neurosurgery, Orthopedic Surgery, Reconstructive Surgery, Surgical Oncology, Transplant Surgery), Technology (Stereolithography, ColorJet Printing, MultiJet/PolyJet Printing, Fused Deposition Modeling, Other Technologies), Material Type (Metal, Polymer, Plastic, Other Material Types) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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