March 01, 2022
According to the research report titled ‘Global 3D Printed Brain Model Market Size study, By Material (Plastic, Polymer, Others), By Technology (Stereolithography (SLA), ColorJet Printing (CJP), MultiJet/PolyJet Printing, Fused Deposition Modeling FDM and Others) and Regional Forecasts 2021-2027’, available with the MarketStudyReport, global 3D printed brain model market was evaluated at USD 24.4 billion in 2020 and is expected to reach USD 70.2 billion by 2027, recording a whopping 16.3% CAGR over the projection period.
Increasing technological advancements in neurological tools and techniques coupled with rising demand for the technology for teaching and learning purposes are primarily boosting global 3D printed brain model market growth.
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3D printed brain model is basically a method used in traditional 3D printing which involves printing a layer of filament using a computer model. This includes color jet printing, stereolithography, and multijet printing among others.
With the growing preferences for personalized healthcare, the demand for 3D printed brain model is also expected to surge in the upcoming years. Meanwhile, need for trained professionals and complex technology structure is likely to act as major restraints to the overall market expansion.
Moving on to the segment analysis, the marketplace is fragmented based on the material and technology landscape. In terms of material type, the industry is classified into polymer, plastic, and others. Based on technology, global 3D printed brain model industry is divided into fused deposition modeling (FDM), MultiJet/Polyjet printing, ColorJet printing, Stereolithography, and others.
The geographical reach of this industry extends to Latin America (Brazil, Mexico), North America (the U.S., Canada), Europe (France, Spain, Italy, the U.K., Germany), Asia-Pacific (China, India, Japan, South Korea) and rest of the world.
Among these North America is likely to capture the majority of market share over the projection period, primarily because of increasing demand for personalized healthcare and rapid cases of neurological disorders.
Asia-Pacific market is also expected to record the highest CAGR during the study period, owing to the presence of emerging countries such as Japan and China. Additional factors such as increased adoption of technological advancements, rising prevalence of neurological diseases would create favorable growth forecasts for the Asia-Pacific 3D printed brain model industry through 2027.
The prominent players profiled in the global 3D printing brain model industry are Stratasys Ltd., 3D Bioprinting Solutions, Materialise N.V., Cyfuse Biomedical K.K., Biobots Analytics Inc., voxeljet AG, Formlabs, 3D Systems, ROKIT Healthcare Inc., and Medprin Biotech GmbH.