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The global medical devices market size was valued at $425.5 billion in 2018 and is expected to reach $612.7 billion by 2025, grow at a CAGR of 5.4%. More than 180,000 U.S. companies are involved in designing, developing, manufacturing, testing, marketing, packaging, and distributing medical devices in this thriving market. Today's Medical Developments serves the need of manufacturers and design professionals in medtech by featuring products, services, and techniques to help improve design and manufacture processes.
The global medical devices market size was valued at $425.5 billion in 2018 and is expected to reach $612.7 billion by 2025, grow at a CAGR of 5.4%. More than 180,000 U.S. companies are involved in designing, developing, manufacturing, testing, marketing, packaging, and distributing medical devices in this thriving market. Today's Medical Developments serves the need of manufacturers and design professionals in medtech by featuring products, services, and techniques to help improve design and manufacture processes.
Polymer 3D printer
Stratasys Ltd. has introduced the
Stratasys Origin One 3D printer, designed for end-use manufacturing applications. The Origin One system uses proprietary P3 technology to produce parts in a wide range of high-performance materials with industry-leading accuracy, repeatability, and time to part. Stratasys is expecting to begin taking orders worldwide beginning in May.
Stratasys acquired Origin in December 2020 as a key part of its strategy to lead in polymer 3D printing for manufacturing. The Stratasys Origin One is the first 3D printer resulting from the acquisition. An update to the pre-existing Origin One, it includes a larger usable build envelope plus software and hardware workflow upgrades for ease of serviceability, higher performance, and higher utilization. The software upgrades will be available to the existing installed base via a cloud-delivered update when the Origin One begins shipping, currently planned for the fourth quarter of 2021.
Hello, and welcome to the Stratasys Q1 2021 Conference Call and Webcast. [Operator Instructions]
It is now my pleasure to turn the call over to Yonah Lloyd, Vice President, Investor Relations. Please go ahead.
Yonah Lloyd
Vice President of Investor Relations
Good morning everyone, and thank you for joining us to discuss our 2021 first quarter financial results. On the call with us today are our Chief Executive Officer, Dr. Yoav Zeif; and our Chief Financial Officer, Lilach Payorski. I remind you that access to today s call, including the slide presentation is available online at the web address provided in our press release. In addition, a replay of today s call including access to the slide presentation will also be available and can be accessed through the Investor Relations section of our website.