The global 3D
Printed Surgical Models Market size is
expected to reach USD 1.1 billion by 2028 according to a new report by Grand
View Research, Inc. The market is expected to expand at a CAGR of 15.6% from
2021 to 2028. This growth can be attributed to the increasing prevalence of
chronic disorders, the rising number of surgical procedures, and the growing
need for customized healthcare products. Moreover, the growing use of 3D
printing in the healthcare industry is also anticipated to positively
impact the market.
The COVID-19 pandemic and the subsequent economic
slowdown severely impacted the market. This can be attributed to delays in
elective and/or non-emergency surgeries resulting in reduced demand for
products and services Furthermore, the shutdown of market players’ vendors and
customers coupled with reduced client investments also contributed towards a
decline in market players’ revenue. Nonetheless, Materialise medical segment
reported a nearly 3.7% increase in its Q1 2021 revenue when compared to the
same period in 2020, thereby indicating market recovery from the impact of
COVID-19 in the next few years.
According to a report by SME, in 2017, anatomical models
accounted for nearly 47% of medical 3D printing in terms of application, making
it the second most frequently used application field while surgical instruments
and cutting guides accounted for nearly 39% of application scope. Thus,
indicating a high demand for 3D printed surgical models in the medical
industry.
Related Press
Release@ 3D
Printed Surgical Models Market Report
3D Printed Surgical Models Market Report Highlights
- The
orthopedic surgery segment held a market share of more than 30% in 2020
owing to a high prevalence of orthopedic disorders such as arthritis
coupled with a growing geriatric population across the globe
- The
Fused Deposition Modeling (FDM) segment accounted for the largest market
share of nearly 27.0% in 2020 due to high usage of FDM technology in the
industry
- The plastics segment
accounted for the largest revenue share of 2020 and is anticipated to
witness a CAGR of 15.7% over the forecast period due to high demand for
advanced thermoplastic in the market
- North
America dominated the market and accounted for the largest revenue share
of over 34.0% in 2020 owing to the presence of favorable reimbursement
policies and a high adoption rate for advanced medical technologies
About Us:
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment