{"id":192271,"date":"2022-11-02T00:00:00","date_gmt":"2022-11-02T00:00:00","guid":{"rendered":"https:\/\/facfox.com\/news\/stratasys-makes-strategic-investment-in-axial3d-medical\/"},"modified":"2022-11-02T00:00:00","modified_gmt":"2022-11-02T00:00:00","slug":"stratasys-makes-strategic-investment-in-axial3d-medical","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/stratasys-makes-strategic-investment-in-axial3d-medical\/","title":{"rendered":"Stratasys makes strategic investment in Axial3D Medical"},"content":{"rendered":"

Med-tech start<\/a>up 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<\/a> solutions. This is Stratasys\u2019 first investment in Axial3D. The two companies also will be providing a joint offering to make patient-specific 3D printing<\/a> solutions for hospitals and medical<\/a> device manufacturers more accessible so it becomes a mainstream healthcare solution.<\/p>\n

Personalized 3D printed anatomic models are used for pre-surgical planning and diagnostic use to improve patient outcomes while shortening the time spent in the operating room. They are also used in education<\/a> and training, and medical<\/a> device development. Creating a 3D printed model from a patient\u2019s scan data normally takes several hours and requires a high level of technical expertise and expensive software licenses. Axial3D\u2019s art<\/a>ificial 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.<\/p>\n

Stratasys\u2019 J850 Digital Anatomy 3D printer enables medical<\/a> customers to create models that not only accurately represent the appearance of human tissue but are also biomechanic<\/a>ally realistic while suturing, cutting, or inserting and deploying medical<\/a> devices. <\/p>\n

Stratasys is a leading provider of 3D printers, materials and software for these anatomic models. The company\u2019s J850 Digital Anatomy 3D printer enables medical<\/a> customers to create models that not only accurately represent the appearance of human tissue but are also biomechanic<\/a>ally realistic while suturing, cutting, or inserting and deploying medical<\/a> 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.<\/p>\n

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\u201cWe are proud to be part<\/a>nering with Stratasys, and have always believed in their technology and, more importantly, their vision for 3D printing<\/a> in healthcare,\u201d said Axial3D CEO Roger Johnston. \u201cWe 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<\/a> device manufacturers can scale their patient-specific programs. Our joint offerings will be the positive, disruptive catalyst that medical<\/a> 3D printing<\/a> needs to address 3D printing<\/a> accessibility.\u201d<\/p>\n

Stratasys has estimated the opportunity for medical<\/a> 3D printing<\/a> at approximately $2.8 billion.<\/p>\n

\u201cMany of the world\u2019s leading hospitals are already benefiting from our MediJet and Digital Anatomy 3D printers for medical<\/a> models,\u201d said Dr. Yoav Zeif, CEO of Stratasys. \u201cWe 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<\/a> in pre-surgical planning so it is truly a standard part<\/a> of patient care. This is about providing a complete tailored solution for customers that is fast, automated and scalable.\u201d<\/p>\n

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Carbon\u2019s bioabsorbable elastomer shows biocompatibility in vivo: <\/a>The Silicon-Valley based company has made a name for itself as a manufacturer of high-speed photopolymerization 3D printers using durable, reactive materials. The range of Carbon supported resins has continued to increase and now includes more sustainable, up to 40% plant-based materials. This, however is the first biocompatible material for implantation. The developmental bioabsorbable elastomer has reportedly shown impressive mechanical performance, biocompatibility,\u00a0 and tunability. This includes an absorption rate that can be tuned to suit a variety of potential applications, making it versatile for a broad array of medical uses. Additionally, current in vivo studies have demonstrated the required tissue tolerance and desirable healing responses for an implantable device through 26 weeks.<\/p><\/blockquote>\n

* This article is reprinted from 3D Printing Media Network<\/a>. If you are involved in infringement, please contact us to delete it.<\/p>\n

<\/i> Author: 3D Printing Media Network<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019 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.<\/p>\n","protected":false},"author":3,"featured_media":192273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"\/wp-content\/uploads\/2022\/11\/4220599211814729103.jpeg","fifu_image_alt":"","footnotes":""},"categories":[195],"tags":[4046,4956],"class_list":["post-192271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-medical","tag-acquisitions","tag-mergers-partnershipsam-industrymedicalmedical-models"],"yoast_head":"\nStratasys makes strategic investment in Axial3D Medical - FacFox News<\/title>\n<meta name=\"description\" content=\"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. 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