News | Information Technology | November 14, 2022

Companies plan strategic partnership to bring 3D printed anatomic models to mainstream adoption for point of care institutions and medical device OEMs 

Patient-specific 3D-printed anatomic model of a large tumor of the right nasal cavity. The patient scan data was prepared for 3D printing using Axial3D's software and then 3D printed by Stratasys. (Photo: Business Wire)

Patient-specific 3D-printed anatomic model of a large tumor of the right nasal cavity. The patient scan data was prepared for 3D printing using Axial3D's software and then 3D printed by Stratasys. (Photo: Business Wire) 

 


November 14, 2022 — Med-tech startup Axial3D has announced the closing of a $15 million investment round led by a strategic investment of $10 million from Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing solutions. This is Stratasys’ first investment in Axial3D. The two companies also will be providing a joint offering to make patient-specific 3D printing solutions for hospitals and medical device manufacturers more accessible so it becomes a mainstream healthcare solution. 

Personalized 3D printed anatomic models are used for pre-surgical planning and diagnostic use to improve patient outcomes while shortening time spent in the operating room. They are also used in education and training, and medical device development. Creating a 3D printed model from a patient’s scan data normally takes several hours and requires a high level of technical expertise and expensive software licenses. Axial3D’s artificial intelligence-powered algorithms enable healthcare providers to segment CT and MRI scans for these models without significant investments in time, specialized skills and large upfront costs. 

Stratasys is a leading provider of the 3D printers, materials and software for these anatomic models. The company’s J850 Digital Anatomy 3D printer enables medical customers to create models that not only accurately represent the appearance of human tissue but are also biomechanically realistic while suturing, cutting, or inserting and deploying medical devices. A range of Stratasys printers and materials have been validated and FDA 510(k) cleared with Axial3D software to produce anatomic models for pre-operative surgical planning and diagnostic use across multiple specialties. 

“We are proud to be partnering with Stratasys, and have always believed in their technology and, more importantly, their vision for 3D printing in healthcare,” said Axial3D CEO Roger Johnston. “We believe that to move the industry from early adopters to the mainstream, we need to improve the accessibility of models for healthcare so hospitals and medical device manufacturers can scale their patient-specific programs. Our joint offerings will be the positive, disruptive catalyst that medical 3D printing needs to address 3D printing accessibility.” 

Stratasys has estimated the opportunity for medical 3D printing at approximately $2.8 billion. 

“Many of the world’s leading hospitals are already benefiting from our MediJet and Digital Anatomy 3D printers for medical models,” said Dr. Yoav Zeif, CEO of Stratasys. “We believe that by working together with Axial3D, we can remove the barriers to entry for the remaining majority of hospitals in many countries around the world, dramatically growing the use of 3D printing in pre-surgical planning so it is truly a standard part of patient care. This is about providing a complete tailored solution for customers that is fast, automated and scalable.” 

Axial3D (booth 8209) and Stratasys (booth 8312) will both exhibit and further discuss their shared collaboration plans at the RSNA 2022 annual meeting and tradeshow sponsored by the Radiological Society of North America in Chicago, Nov. 27 through Dec. 1. 

For more information: www.axial3D.com 

Find more RSNA22 coverage here   


Related Content

News | Computed Tomography (CT)

November 30, 2022 — NeuroLogica Corp., a subsidiary of Samsung Electronics Co. Ltd., announced that its head-to-toe ...

Time November 30, 2022
arrow
News | Virtual and Augmented Reality

November 30, 2022 — GE Healthcare, a leading global medical technology, pharmaceutical diagnostics and digital solutions ...

Time November 30, 2022
arrow
News | Artificial Intelligence

November 30, 2022 — Ziosoft, a pioneer in 3D/4D AI medical visualization, is introducing its newest software for its ...

Time November 30, 2022
arrow
News | RSNA

November 30, 2022 — Findings from four separate studies on long-term impacts of COVID-19 were presented during a ...

Time November 30, 2022
arrow
News | Ultrasound Imaging

November 30, 2022 — A minimally invasive treatment for carpal tunnel syndrome provides complete and long-term relief to ...

Time November 30, 2022
arrow
News | Computed Tomography (CT)

November 30, 2022 — Using a decade of weather and CT imaging data, researchers have identified specific weather ...

Time November 30, 2022
arrow
Feature | RSNA | Christine Book

November 29, 2022 — It was only fitting that on Giving Tuesday, the RSNA 2022 5k Fun Run kicked off the third day of the ...

Time November 29, 2022
arrow
Feature | Radiology Education | Christine Book

November 29, 2022 — Two panel discussions held Nov. 29, during the second day of the 108th Radiological Society of North ...

Time November 29, 2022
arrow
News | Artificial Intelligence

November 29, 2022 — ScImage, Inc., a leading provider of Cloud-native enterprise imaging and reporting solutions for all ...

Time November 29, 2022
arrow
News | Artificial Intelligence

November 29, 2022 — Quantivly is highlighting new advances in its artificial intelligence (AI)-driven software for ...

Time November 29, 2022
arrow
Subscribe Now