3D Printed Surgical Models Market To Display Potential Growth By 2026 Owing To Increasing Use Of Advanced Healthcare Technologies | Grand View Research, Inc.

Apr 09, 2021 (AB Digital via COMTEX) —

The global 3D printed surgical models market size is expected to reach USD 1.1 billion by 2026, according to a new report by Grand View Research, Inc. The industry is projected to advance at a healthy CAGR of 10.3% over the forecast period, as per the study. The continued advancement in the additive manufacturing industry, especially in the healthcare sector over the past few years, has created numerous avenues for industry growth. Increasing use of advanced healthcare technologies for better understanding of patients and minimization of risk during the actual surgical procedure is boosting the demand for 3D printed surgical models globally. There has been a significant rise in the number of surgical procedures globally, on account of increasing incidences of chronic disorders among the population, which has driven the market growth. As per data from the Agency for Healthcare Research and Quality (AHRQ), 17.2 million hospital visits in 2014 entailed surgical procedures.

The introduction of synthetic modeling of human anatomy has made a significant leap forward over the past decade, as researchers and organizations have invested heavily in R&D in this field. The 3D printed surgical models allow pre-adoption of surgical instruments by improving the 3D perception of the planned operation. A research carried out in 2019 stated that use of 3D printed anatomical models in surgery led to reduction of 62 minutes in surgery time per case, which was equal to USD 3,720 of surgery costs savings. The technology also enables surgeons to envision, practice, and then perform the actual surgery, thus saving time and increasing precision. These models can also be used to perform mock surgeries, thereby improving the prediction and efficiency of the outcomes. Advanced medical models are anatomically accurate, highly functional, and biomechanically realistic; furthermore, they are liberated from the cost and inconvenience to the animal as well as cadaver labs. They are perfect for simulating clinical procedures such as suturing, cutting, reaming, drilling, and even device placement. Some of the most advanced three-dimensional structures can even mimic bleeding admirably, which has enhanced the efficiency and accuracy of surgical procedures. 

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3D Printed Surgical Models Market Report Highlights

• The 3D printed anatomical models can help in numerous medical aspects, including educating young surgeons about tactile and three-dimensional inspection of the tissues, as well as helping patients in the preparation for surgery

•3D printed surgical models find numerous critical applications, such as in orthopedic surgeries, in neurosurgery for navigation training, in endovascular aneurysm repair, and in vascular surgery for printing aortic models, among others

•The neurosurgery segment is anticipated to witness the fastest CAGR of 11.3% over the forecast period in the 3D printed surgical models market. This is due to increase in the use of 3D models to des cribe complex anatomical structures to patients

•North America accounted for the largest share of 35.3% in the global 3D printed surgical models market in 2018, owing to the presence of highly sophisticated healthcare infrastructure in the US, comprising multispecialty hospitals and clinics

•The outbreak of the COVID-19 pandemic has highlighted the importance of 3D printing for healthcare institutions, as the technology is being used to develop critical equipment such as face masks, face shields, and ventilators. This is expected to create large-scale awareness in the healthcare industry regarding the value of 3D printing in more general settings, which is expected to drive the industry growth in the future

•Some of the players operating in the market are Stratasys, 3D Systems, Lazarus 3D, Osteo3d, Axial3D, Onkos Surgical, Formlabs, Materialise NV, 3D LifePrints UK, and WhiteClouds

•In June 2020, Axial3D announced a partnership with Fast Radius regarding a high-volume DICOM-to-print service for surgeons and hospitals across North America that would allow clinicians to create precise surgical plans, in a step towards enhancing patient care

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3D Printed Surgical Models Market Segmentation

Grand View Research has segmented the global 3D printed surgical models market based on specialty and region:

3D Printed Surgical Models Specialty Outlook (Revenue, USD Million, 2015 – 2026)

3D Printed Surgical Models Regional Outlook (Revenue, USD Million, 2015 – 2026)

• North America

• U.S.

• Canada

• Europe

• U.K.

• Germany

• France

• Italy

• Spain

• Asia Pacific

• Japan

• China

• India

• Australia

• South Korea

• Latin America

• Brazil

• Mexico

• Argentina

• Middle East & Africa

• South Africa

• Saudi Arabia

• UAE

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About Grand View Research

Grand View Research is a market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services. The company’s expansive database offers in-depth analysis across a range of industries such as chemicals, F&B, energy, healthcare, and technology, among others.

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