3D Systems Corporation (DDD - Free Report) recently announced that its new On Demand Anatomical Modeling Service is now available in the market. This service is meant for the assistance of medical professionals in educating patients or planning of surgeries with anatomical 3D printed models.
Notably, 3D Systems has connected its D2P software and the On Demand Anatomical Models website for the ease of creation of 3D model files from medical imaging data. The digital 3D file can also be prepared via other available software.
The company’s D2P software has a unique volume virtual reality (VR) solution, which helps in the launch of the patient scan into a 3D VR environment without the need for pre-processed data. This in turn helps in the detailed visualization of the anatomy and development of 3D models.
Following the upload of the file on the On Demand Anatomical Models website, the material needs to be chosen and an instant quote generated. The generated quote needs to be verified and the 3D model is expected to be delivered approximately within five days of placing the order.
3D Systems in Healthcare
3D Systems has been serving the healthcare segment and has been gaining from the related initiatives as evident from its impressive financials of the segment. In first-quarter 2018, 3D Systems’ Healthcare revenues were up 21% year over year to $52.4 million, driven by strong demand and growth across all categories.
We believe these new innovations will help the company leverage the growth potential of 3D printing in the healthcare segment, which is expected to reach $2.3 billion by 2020, at a CAGR of 26.2% between 2015 and 2020.
3D Systems reported mixed results for first-quarter 2018. The company has been benefiting from favorable 3D printing industry fundamentals, led by rising demand for diverse application of this novel technology across several domains.
However, unfavorable sales mix, along with increased investment in services and on-demand manufacturing, and elevated operating expenses, more than offset the benefit of higher revenues.
Going forward, escalating R&D, IT and go-to-market expenses remain headwinds for this Zacks Rank #4 (Sell) stock.
Stocks to Consider
Some better-ranked technology stocks include NVIDIA Corporation (NVDA - Free Report) , Western Digital Corporation (WDC - Free Report) and Micron Technology, Inc. (MU - Free Report) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for NVIDIA, Western Digital and Micron is currently projected to be 10.25%, 19% and 10%, respectively.
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