Jun 02, 2020 (Market Insight Reports) -- A recent report on 3D Printed Surgical Models Market provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Global 3D Printed Surgical Models Market is valued at USD 505.9 Million in 2018 and expected to reach USD 1022.3 Million by 2025 with the CAGR of 10.57% over the forecast period.
Rapid expansion of medical industry with 3D printing technologies due to the viability of cost reducing alternatives, increasing level of complex anatomies to optimize surgical repair and growing number of orthognathic & cardiac surgeries around the world driving the growth of the Global 3D Printed Surgical Models Market.
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3D printed surgical models help surgeons to better plan operations in less time with minimal risk of complications. 3D printer can automatically print out models of a patient's heart or bones whenever any surgeon requires better preparation for surgery. These surgical models have become more commonly used in hospitals. 3D printing has capabilities to improve the research knowledge and the skills of the surgeons and it helps in enhancing the relationship between patient and surgeon, increasing the level of understanding of the disease and effectively optimizes the surgical process and cost. 3D printed surgical models are perfect fit tools, as they offer good aesthetics and speedy recovery of patients. A high-resolution 3D model provides doctors a detailed view than the conventional 2D realm of radiography. With these models surgeons can trial new techniques and prepare equipment based on medical needs.
Global 3D Printed Surgical Models Market Segmentation:-
Neurosurgery, Orthopedic Surgery, Reconstructive Surgery, Surgical Oncology, Transplant Surgery
Hospitals, Clinics, Ambulatory Surgical Centers
The regions covered in this 3D printed surgical models market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of 3D printed surgical models market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global 3D Printed Surgical Models Market Report-
Key players of the 3D Printed surgical models market are 3D Systems, Inc., EnvisionTEC, Materialise N.V., Stratasys Ltd., GPI Prototype, Renishaw, Concept Laser, Stryker, Zimmer Biomet, Joimax and others.
Global 3D Printed Surgical Models Market Dynamics-
Rapid expansion of medical industry with 3D printing technologies due to viability of cost reducing alternatives, increasing level of complex anatomies to optimize surgical repair and growing number of orthognathic & cardiac surgeries around the world are some of the major factors contributing to the increased demand of the 3D printed surgical models. Currently, most of the surgical departments have implemented 3D printing models starting from visual tactile aids for preplanning surgery and to complete virtual planning of the surgery. In addition, increasing trend towards patient specific implants in orthopedics' field for bony reconstruction as well as rising incidences of neurological disorders is also supplementing the growth of this market. Globally, in 2016, neurological disorders were the leading cause of (disability-adjusted life year) DALYs with around 276 million people were affected and second leading cause of deaths. However, 3D printed surgical models are expensive, where hundreds of thousands of dollars need to spend for complex surgeries and these models cannot be used in the urgent cases. This can turned out to be restraining factor of this market.
North America is Expected to Dominate the Global 3D Printed Surgical Models Market
North America is expected to account for the largest share in 3D printed surgical models market due to the presence of leading medical device companies and increasing adoption of 3D printing technologies by augmenting R&D capabilities. These U.S. based medical companies are focusing on speed, accuracy and value added services for physicians and patients as well. For example; there are more than 6,500 medical device companies situated in the U.S., mostly small and medium-sized enterprises (SMEs). Asia pacific is emerging as the fastest growing region and expected to witness a higher growth in 3D printed surgical model market owing to the rapid growth in medical additive manufacturing and increasing cases of chronic diseases. Thus, Asian healthcare industry is constantly looking for new technology like 3D printing that can provide quality care to patients at a reasonable cost.
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