Stratasys and Siemens Healthineers advance CT imaging with 3D phantoms

EDEN PRAIRIE, Minn. & REHOVOT, Israel & ERLANGEN, Germany - Stratasys Ltd. (NASDAQ: NASDAQ:SSYS) and Siemens (ETR:SIEGn) Healthineers have unveiled research outcomes indicating significant strides in medical imaging, with the creation of anatomically precise, 3D-printed phantoms for computed tomography (CT) scanning. This innovation promises to enhance diagnostic accuracy and the development of CT scan algorithms.

The collaboration combines Stratasys’ Digital Anatomy technology and RadioMatrix materials with Siemens Healthineers’ advanced algorithms. The resulting 3D-printed phantoms closely replicate human anatomy, enabling better calibration and performance of CT scanners. This marks a considerable improvement over traditional models, offering more consistent and reliable clinical imaging outcomes. With annual revenue of $578 million and a notable 40% stock price increase over the past six months, Stratasys continues to demonstrate market confidence in its innovative solutions.

Jesús Fernández León, Head of Computed Tomography Product & Clinical Marketing at Siemens Healthineers, highlighted the significance of this integration, stating, "This cooperation not only enhances our ability to assess and verify the performance of modern CT systems but also ensures that our algorithms can rely on a highly realistic depiction of human anatomy."

The study’s findings, shared at the Radiological Society of North America (RSNA) annual meeting this winter, demonstrate that these 3D-printed phantoms can replicate critical areas such as grey matter and veins with variances as low as single Hounsfield units (HU). This level of precision is unprecedented in CT imaging research.

Beyond improving diagnostics, the use of these phantoms addresses ethical concerns and variability challenges associated with human scans and cadaver use. They also offer new opportunities for education, training, and research in radiology, potentially leading to better patient outcomes and cost reductions.

Erez Ben Zvi, Vice President of Healthcare at Stratasys, emphasized the transformative potential, saying, "This is a game-changer for the medical community. We believe this work can speed up the advancement of medicine and improve patient outcomes."

The collaboration between Stratasys and Siemens Healthineers is poised to drive innovation in medical imaging, improving training efficiency, and reducing reliance on cadavers. Investors anticipating Stratasys’s next earnings report on March 5, 2025, can access comprehensive analysis and additional insights through InvestingPro, which offers exclusive ProTips and detailed financial metrics for informed investment decisions. The information for this article is based on a press release statement and InvestingPro data.

In other recent news, Stratasys has reported preliminary fourth-quarter adjusted net income between $8.1 million and $8.6 million, exceeding Bloomberg’s consensus estimate of $7.02 million. The company anticipates achieving an EBITDA margin of at least 10% for the full year 2025 with moderate revenue growth. In a significant development, Fortissimo Capital has agreed to invest $120 million in Stratasys by purchasing approximately 11.7 million newly issued shares, which will increase its ownership to about 15.5%. This investment is viewed as a vote of confidence in Stratasys’ growth strategy and is expected to close in the second quarter of 2025.

Cantor Fitzgerald has maintained an Overweight rating for Stratasys with a $12 price target, noting the company’s focus on increasing hardware revenue. Additionally, Stratasys Direct has achieved ISO 13485 certification for its Tucson facility, enhancing its position in the medical manufacturing sector. This certification is expected to support the adoption of 3D-printed components in medical device manufacturing. Furthermore, Stratasys has become NASCAR’s exclusive 3D printing partner, a move that will enhance NASCAR’s design and manufacturing processes. This partnership includes the establishment of a new 3D printing lab at NASCAR’s Research & Development Center in North Carolina.

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