Report ID: SQMIG35A2225
Report ID:
SQMIG35A2225 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
66 |
Figures:
75
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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Report ID: SQMIG35A2225