The 3D Printed Surgical Models Market is anticipated to have a stable CAGR of 14.7% during the forecast period of 2022 to 2032. According to FMI, the 3D printed surgical models market is expected to grow from USD 347.5 million in 2021 to USD 1731.9 million by 2032.
Growth of the 3D printed surgical models market is accelerating, owing to the fast expanding need for personalized healthcare solutions and the diverse applications of 3D printing in surgery.
The desire for individualized healthcare is on the rise, and surgical equipment, methods, and 3D printed materials have all advanced technologically, boosting the 3D printed surgical models market.
Due to its capacity to address urgent manufacturing needs and overcome the drawbacks of conventional manufacturing during the COVID-19 pandemic, the 3D printed surgical models market received significant recognition in 2020.
Benefits include enhancing 3D awareness and enabling preoperative planning with surgical equipment, boosting the 3D printed surgical models market share.
Attributes | Details |
---|---|
3D Printed Surgical Models Market CAGR (2022 to 2032) | 14.7% |
3D Printed Surgical Models Market Size (2021) | USD 347.5 million |
3D Printed Surgical Models Market Size (2032) | USD 1731.9 million |
The application of 3D printed surgical models in the healthcare sector, including the treatment of trauma injuries in orthopedic surgery, planning tumor resection, endovascular aneurysm repair, and planning tumor resection, improving the 3D printed surgical models market statistics.
Surgery professionals are more interested in 3D printed surgical models, as they can reduce operating time and improve precision.
For instance, research published in Academic Radiology found that using 3D printed anatomical models and surgical guides during orthopedic and maxillofacial operations each saved an average of roughly 62 minutes and 23 minutes, respectively.
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An increase in global government healthcare spending helps surgeons perform surgery precisely and effectively, leading to an increase in the number of successful procedures. The 3D printed surgical models market growth throughout the anticipated period has been driven by the spike in demand for minimally invasive procedures.
The 3D printed surgical models market is expanding as a result of technical developments and advancements in the medical sciences. Global demand for minimally invasive surgery and an aging population are driving the 3D printed surgical models market share.
The global market for surgical models is being driven by an increase in chronic diseases and a rise in the use of cutting-edge technologies like stereo lithography and mixed deposition modeling to produce curative models.
The use of additive manufacturing gives surgeons access to additional information that is helpful for better spatial orientation within the heart's cavities and for high-fidelity stimulation of the procedure's various steps. As a result, it impacts the 3D printed surgical models market outlook.
The assessment of the ideal size, length, and stent position is helpful for the actual intervention in the patient, and is made possible by the 3D printed surgical models. These characteristics of 3D-printed surgical models are expected to encourage 3D printed surgical models market expansion.
On the other hand, the 3D printed surgical models market is anticipated to be hampered by the high cost of the technology. Additionally, it is anticipated that increased use of recycled and refurbished equipment would pose a hurdle to the market's expansion during the forecast period.
With an expected CAGR of 11.4% and a market share of USD 368.8 million by 2032, the orthopedic surgery category is expected to dominate the 3D printed surgical models market share.
The main drivers of the market expansion for orthopedic surgery are the growing elderly population and the rising prevalence and incidence of orthopedic ailments. Over the forecast period, the neurosurgery segment is anticipated to grow profitably, with a CAGR of 17.4%.
This is due to the high prevalence of neurological illnesses, the delicate architecture of the brain's vasculature, which necessitates high levels of precision in neurosurgery, and technological developments in 3D printing systems and materials.
The market for 3D printed surgical models was driven by the ColorJet Printing (CJP) category, which generated the biggest market share of USD 481.4 million during the projection period. This is due to the fact that CJP 3D printing labs can save money by using CJP printers.
FDM technology, which belongs to the material extrusion technology class and is office-friendly, simple to use, quick, and allows low-cost development of a prototype, makes it ideal for doctors interested in entering the field of 3D printing. It has a profitable growth potential in the market for 3D printed surgical models.
Due to the rising popularity of HP's multi jet fusion technology, which is a member of the powder bed fusion class of technologies, it is projected that the other category will expand quickly.
In 2020, the plastic sector held a disproportionately significant share of USD 101.3 million in the market for 3D printed surgical models, and is expected to reach USD 383.3 million by 2032.
The large market share of plastics is expected to be influenced by a number of factors, including the relatively low cost of the material, the availability of improved thermoplastics, the presence of biodegradable plastics, compatibility with a number of 3D printing technologies, and reusability.
The 3D printed surgical models market in North America is expected to grow to a value of USD 507.2 million during the projected period. It is projected that the rising senior population and the high frequency of disorders linked to a sedentary lifestyle will support market expansion in the area.
The United States boasts the most sophisticated healthcare infrastructure, including hospitals, clinics, and widespread use of cutting-edge medical goods and services like 3D printing. Furthermore, it is projected that the existence of established market competitors and a favorable reimbursement system would further increase the region's market share.
The Europe 3D printed surgical models market is anticipated to experience a phase of steady growth, with a market value of USD 473.8 million during the forecast period.
This growth is due to various factors affecting the healthcare sector, such as the focus of government expenditure towards the healthcare sector, particularly in research and development, along with structural changes introduced into the system to enable several healthcare providers to concentrate not just in ensuring that a sufficient volume is handled, but also in ensuring that healthcare professionals do not sacrifice service quality.
The market for 3D printed surgical models offers several opportunities for small firms and startups to create low-cost production and processing processes. End-user demand is continually rising, which can inspire several business people to launch cutting-edge products in this industry.
For instance: Developer of orthopedic implants using 3D printing technology, Monogram was formed in 2017. The business uses patient CT scans to produce intelligent CAD models and develop implants utilizing simulation, geometric modeling, and predictive modeling techniques. Hip implants and joint replacement implants are among the goods created.
Multiply Labs creates dietary supplements tailored to each person's demands for health, energy, or exercise using pharmaceutical science and robotic technology. The manufacturer further asserts that the drug is made as a sustained time-release tablet to deliver long-lasting therapeutic effects.
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Due to the presence of numerous domestic and foreign manufacturers, the market for 3D printed surgical models is quite competitive. The development of new products, mergers, acquisitions, partnerships, and collaborations are a few of the important strategic initiatives that market participants have undertaken.
Recent Developments:
The 3D printed surgical models market is projected to have a CAGR of 14.7% through 2032.
The 3D printed surgical models market size is anticipated to be USD 1731.9 million through 2032.
The 3D printed surgical models market size was USD 347.5 million in 2021.
Orthopedic segment holds a significant market share of USD 368.8 million during the forecast period.
The ColorJet Printing segment is expected to have a CAGR of 16.4% of the 3D printed surgical models market through 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global 3D Printed Surgical Models Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global 3D Printed Surgical Models Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Specialty 5.1. Cardiac Surgery/Interventional Cardiology 5.1.1. Annuloplasty 5.1.2. Repair Coronary Aneurysm 5.1.3. Replacement of Aortic Valve 5.1.4. Stent Insertion 5.1.5. Repair Congenital Heart Defects 5.2. Gastroenterology Endoscopy of Esophageal 5.2.1. Endoscopy of Esophageal Lesion 5.2.2. Splenectomy 5.3. Neurosurgery, Orthopedic Surgery 5.3.1. Repair Aneurysm 5.3.2. Transsphenoidal Excision of Pituitary Gland 5.3.3. Remove Brain Tumor 5.4. Orthopedic Surgery 5.4.1. Repair Scoliosis 5.4.2. Repair Clavicle Fracture 5.4.3. Hip Repair 5.4.4. Repair Intervertebral Disc 5.4.5. Hip Replacement Revision 5.4.6. Repair Leg Fracture 5.4.7. Osteotomy 5.5. Reconstructive Surgery 5.5.1. Facial Reconstruction 5.5.2. Hand Reconstruction 5.5.3. Breast Reconstruction 5.5.4. Mastoidectomy 5.5.5. Cleft Palate Correction 5.6. Surgical Oncology 5.6.1. Removal of Adrenal Tumor 5.6.2. Removal of Liver Tumor 5.6.3. Endoscopic Removal of Cardiac Lesion 5.6.4. Thoracic Removal of Lung Tumor 5.6.5. Removal of Renal Tumor 5.7. Transplant Surgery 5.7.1. Cardiac Surgery/ Interventional Cardiology 5.7.2. Heart Transplant 5.7.3. Liver Transplant 5.7.4. Lung Transplant 5.7.5. Kidney Transplant 6. Global 3D Printed Surgical Models Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology 6.1. Stereolithography 6.2. ColorJet Printing 6.3. MultiJet/PolyJet Printing 6.4. Fused Deposition Modeling 6.5. Other Technologies 7. Global 3D Printed Surgical Models Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Material 7.1. Metal 7.2. Polymer 7.3. Plastic 7.4. Others 8. Global 3D Printed Surgical Models Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America 3D Printed Surgical Models Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America 3D Printed Surgical Models Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe 3D Printed Surgical Models Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific 3D Printed Surgical Models Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. MEA 3D Printed Surgical Models Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries 3D Printed Surgical Models Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Stratasys Ltd. 16.2. 3D Systems, Inc. 16.3. Lazarus 3D, LLC 16.4. Osteo3D 16.5. Axial3D 16.6. Onkos Surgical 16.7. Formlabs 16.8. Materialise NV 16.9. 3D LifePrints UK Ltd. 16.10. WhiteClouds Inc. 17. Assumptions & Acronyms Used 18. Research Methodology
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