20 Apr, 2023
3D-printed surgical models improve the safety and quality of surgical procedures by enabling physicians to plan and even practice various approaches. The time saved in the operating room reduces the likelihood of additional procedures and has been shown to improve postoperative outcomes and lower the duration of patient hospital stays. Patient-specific models result in greater personalization of healthcare, patient satisfaction, and reduced recovery time. The rising number of surgical procedures, increasing prevalence of chronic disorders, and growing need for customized healthcare products are expected to propel the demand for 3D-printed surgical models.
3D printing enables the production of patient-specific anatomical and surgical models, which help surgeons and other surgical staff in effective decision-making, surgery simulation, and accurate surgery planning, thereby reducing the procedure time and resulting in fewer complications and better patient outcomes. These benefits of 3D-printed surgical models are anticipated to propel market growth. An aging population and a rising need for minimally invasive surgery also drive the demand for 3D-printed surgical models in healthcare settings.
Research and investments are aiding the development of 3D-printed surgical models. Innovation around hardware, software, materials, and processes improves the speed, flexibility, accuracy, and lifelike qualities of the end product, thereby presenting market growth opportunities. For Instance, engineers at the University of Colorado at Boulder developed a novel technique for 3D printing objects with precise, localized control over their stiffness.
North America dominates the global 3D-printed surgical model market and is expected to grow at a CAGR of 14.8% over the forecast period. The factors contributing to the high share include the increasing geriatric population, high adoption of advanced technology, strong government initiatives for quality healthcare, and supportive reimbursement policies in the U.S. and Canada. Moreover, high investments in R&D increase the adoption of surgical models manufactured using 3D printing, which boosts the market's growth. The U.S. has many dominant 3D printer companies with a robust distribution network. These companies are also involved in R&D to bring innovative technologies to the 3D-printed surgical model market.
Europe is expected to grow at a CAGR of 14.3%, generating USD 237.27 million during the forecast period. Factors such as government support, the presence of 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 European countries' well-established healthcare infrastructure and high healthcare spending are expected to boost market growth.
The Asia-Pacific market is expected to grow due to increasing per capita income, economic development, and a large population's high unmet medical needs in China and India. Furthermore, increasing healthcare awareness among individuals and technological advancements in emerging economies are anticipated to contribute to market growth. The growing geriatric population in Asian countries with large untapped opportunities, such as India and China, will drive market growth during the forecast period. The medications prescribed for chronic and metabolic disorders, such as corticosteroids, have also been concluded to further result in an edentulous state in adults. This is expected to lead to rising demand for various preventive, restorative, and surgical services, thereby fueling the 3D-printed surgical models market growth.