USD 522.33 Million
Report ID:
SQMIG35A2225 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
66
|Figures:
75
Global 3D Printed Surgical Models Market size was valued at USD 522.33 Million in 2022 and is poised to grow from USD 600.68 Million in 2023 to USD 1837.49 Million by 2031, at a CAGR of 15 % during the forecast period (2024-2031).
The global 3D printed surgical models market refers to the production and sale of anatomical models that are created using 3D printing technology. These models are used for surgical planning, training, and education purposes. The purpose of the market is to provide healthcare professionals with accurate and realistic anatomical models that can be used to simulate surgical procedures and aid in surgical planning. This can help to reduce the risk of surgical complications, improve patient outcomes, and enhance the overall quality of care. The global 3D printed surgical models’ market is driven by factors such as the increasing adoption of 3D printing technology in the healthcare industry, the growing demand for personalized surgical planning, and the need for cost-effective training and education methods. The main restraining factor for the market is the high cost of 3D printing technology, which can make it difficult for smaller healthcare organizations to invest in this technology. In addition, the lack of standardization in 3D printing processes and materials can also pose a challenge for the market. The main challenges in the market are the need for regulatory approval for 3D printed surgical models, which can be time-consuming and expensive. In addition, there is a lack of standardized guidelines for the creation and use of these models, which can lead to variability in quality and accuracy. There are several opportunities in the global 3D printed surgical models’ market, including the development of new materials and printing techniques that can improve the accuracy and realism of these models. In addition, there is a growing demand for personalized surgical planning and training, which can create new opportunities for companies in the market.
US 3D Printed Surgical Models Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 522.33 Million
Largest Segment
Fused Deposition Modeling (FDM)
Fastest Growth
Fused Deposition Modeling (FDM)
Growth Rate
15% CAGR
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The global 3D printed surgical models market is segmented on the basis of technology, material, and region. In terms of technology, the market is segmented into stereolithography (SLA), colorjet printing (CJP), multijet/polyjet printing, fused deposition modeling (FDM), and others. By material type, the market is segmented into metal, polymer, plastic, others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
3D Printed Surgical Models Market Analysis by Technology
In 2022, among these, fused deposition modeling (FDM) technology dominated the market and accounted for the largest share of 27.70% of the overall revenue. This technology is economical and suitable for doctors interested in pursuing a career in 3D printing as it is quick, easy to use, office-friendly, and enables low-cost prototype creation. The American Society of Mechanical Engineers report in 2020, material extrusion technology, which is a subset of FDM technology, was one of the most widely used technologies for surgical planning, prosthetics, and assistive devices.
The other technology segment primarily includes directed energy deposition, powder bed fusion, and associated technologies. Due to the growing acceptance of HP's MultiJet fusion technology, a member of the powder bed fusion technology family, this market is predicted to expand quickly.
3D Printed Surgical Models Market Analysis by Material
In 2022, The plastics material segment dominated the market and accounted for more than 34.20% of the overall revenue. This segment is expected to maintain its dominant position and expand further at the fastest growth rate throughout the forecast period. The popularity of plastics can be attributed to their improved thermoplastics and biodegradable options, low cost, reusability, and compatibility with several 3D printing technologies. Plastics are used in a wide range of products due to their versatility, ease of manufacture, relatively low cost, and imperviousness to water.
The polymers category is projected to experience significant growth over the forecast period, primarily due to the advent of desktop resin-based 3D printers and the versatility of these materials. By 2030, the metals segment is anticipated to have the second-highest revenue share, while the polymers segment is anticipated to increase at the second-fastest rate over the forecast period.
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North America currently dominates the global 3D-printed surgical model market, and it is expected to continue growing at a CAGR of 15.8% over the forecast period. This high market share can be attributed to factors such as an increasing geriatric population, high adoption of advanced technology, strong government initiatives for quality healthcare, and supportive reimbursement policies in the U.S. and Canada. Furthermore, high investments in research and development have led to increased adoption of surgical models manufactured using 3D printing, which further boosts market growth. The presence of dominant 3D printer companies with a robust distribution network in the U.S. and Canada, involved in R&D to introduce innovative technologies to the 3D-printed surgical model market, also contributes to the region's market growth.
Europe is also expected to grow at a CAGR of 15.3%, generating USD 238.27 million during the forecast period. Factors such as government support, an advanced healthcare system, an increase in the geriatric population, a decline in birth rate, and well-developed healthcare insurance programs have contributed to the substantial market growth in the region. The well-established healthcare infrastructure and high healthcare spending in European countries are also expected to boost market growth in the region.
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3D Printed Surgical Models Market Drivers
Personalized Surgical Models
Technological Advancements
3D Printed Surgical Models Market Restraints
High Costs
Lack of Skilled Professionals
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The global 3D printed surgical models market is highly competitive and fragmented, with the presence of several key players. These players are actively engaged in expanding their businesses through various strategies, such as mergers and acquisitions, partnerships, collaborations, and product launches. The intense competition among these players has led to a high degree of innovation and the introduction of new and advanced products in the market. Additionally, the players are also focused on expanding their global presence through strategic partnerships and collaborations with local players. As the demand for 3D printed surgical models continues to increase, it is expected that the competition among the players in the market will intensify further.
3D Printed Surgical Models Market Top Player’s Company Profiles
3D Printed Surgical Models Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The Global 3D Printed Surgical Models Market is expected to experience significant growth during the forecast period from 2022 to 2030. The market has been segmented on the basis of technology, material, application, end-user, and region. The market is driven by various factors such as the increasing geriatric population, rising incidences of chronic diseases, growing demand for personalized medical care, increasing adoption of advanced technology, supportive reimbursement policies, and rising investments in research and development. However, constraints like expensive 3D printing costs, a lack of qualified workers, and strict regulatory restrictions limit the market's growth.
The key market trends include the increasing demand for personalized medical care, rising adoption of bioprinting technology, and increasing partnerships and collaborations among key market players. The global 3D printed surgical models’ market is poised for significant growth in the coming years, driven by various technological advancements, rising demand for personalized medical care, and increasing investments in research and development. The market growth is restrained by factors such as high costs associated with 3D printing, lack of skilled professionals, and stringent regulatory requirements.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 522.33 Million |
Market size value in 2031 | USD 1837.49 Million |
Growth Rate | 15% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 3D Printed Surgical Models Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 3D Printed Surgical Models Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 3D Printed Surgical Models Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG35A2225
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