Singapore markets close in 3 hours 35 minutes
  • Straits Times Index

    3,128.14
    +11.82 (+0.38%)
     
  • Nikkei

    28,512.48
    +585.11 (+2.10%)
     
  • Hang Seng

    23,751.83
    +402.45 (+1.72%)
     
  • FTSE 100

    7,232.28
    +109.96 (+1.54%)
     
  • BTC-USD

    51,051.19
    +2,004.52 (+4.09%)
     
  • CMC Crypto 200

    1,317.59
    +57.43 (+4.56%)
     
  • S&P 500

    4,591.67
    +53.24 (+1.17%)
     
  • Dow

    35,227.03
    +646.95 (+1.87%)
     
  • Nasdaq

    15,225.15
    +139.68 (+0.93%)
     
  • Gold

    1,778.00
    -1.50 (-0.08%)
     
  • Crude Oil

    70.26
    +0.77 (+1.11%)
     
  • 10-Yr Bond

    1.4340
    +0.0910 (+6.78%)
     
  • FTSE Bursa Malaysia

    1,489.35
    +5.90 (+0.40%)
     
  • Jakarta Composite Index

    6,592.74
    +45.62 (+0.70%)
     
  • PSE Index

    7,111.36
    -19.38 (-0.27%)
     
AIRLINES:

Omicron’s rapid spread shreds budding recovery in air travel

3D Systems (DDD) Rides on Solid Printing Demand, Product Refreshes

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

3D Systems DDD is benefiting from robust healthcare performance driven by strong dental and medical applications end-market. The rebound in customer activities following the pandemic-led shutdowns is a positive.

Specifically, rebound in product and material demand from industrial customers is likely to drive the top line. The company’s move to sell Cimatron and GibbsCAM software businesses earlier this year aided the company to utilize its resources on more profitable additive manufacturing parts.

With the 3D printing industry booming, the leading provider of 3D content-to-print solutions believes robust demand for production printers, materials and software will continue to act as a major catalyst. It recently launched VisiJet Wax Jewel Red Material, which enables jewelry manufacturers to design and produce more intricate, durable patterns — unlocking new design styles for 100% wax casting — and deliver improved production efficiency and reduced waste.

Earlier in June, the company introduced a breakthrough production-grade acrylate resin, Accura AM Rigid Black, which is a tough material designed for use with stereolithography technology to produce large-scale additively manufactured parts. Such initiatives are bold and definite steps toward the company’s transition from prototyping to production. These launches are likely to reinforce 3D Systems’ additive manufacturing clients faith in its digital manufacturing solutions.

The company believes that material science will be a key driver in the transition to 3D production. Hence, it has been investing significantly in materials innovation across its portfolio to capitalize on this trend. In June, it teamed up with regenerative medicine giant, CollPlant Biotechnologies, to create 3D bioprinted regenerative soft tissue matrix to simplify and improve breast reconstruction procedures involving implants.

In May, it announced the acquisition of Allevi to expand its regenerative medicine initiative by accelerating growth in medical and pharmaceutical research laboratories. Further, it announced the buyout of German software firm, Additive Works GmbH, to expand simulation capabilities for rapid optimization of industrial-scale 3D printing processes. In April, it enhanced VSP surgical planning solutions portfolio by launching VSP Hybrid Guides.

3D Systems continues to see steady performance in its software business and expects it to act as a significant tailwind in the days ahead. Nevertheless, printing giant HP Inc. HPQ is well-positioned to challenge 3D Systems' leadership. Stalwarts like Stratasys SSYS and voxeljet AG VJET are also likely to provide intense competition.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
HP Inc. (HPQ) : Free Stock Analysis Report
 
Stratasys, Ltd. (SSYS) : Free Stock Analysis Report
 
3D Systems Corporation (DDD) : Free Stock Analysis Report
 
voxeljet AG (VJET) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting