The Global 3D Bioprinting Market is growing at a reasonable pace, mainly due to R&D investment and government funding which is set to increase the market at a quicker rate. According to a recent study report published by the Market Research Future, The global 3D bioprinting market is booming and expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR of ~25% during the anticipated period (2017 – 2023).
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3D Bio-Printing involves the identification of the key architectural and compositional elements of a target tissue, and then creating a design that can be utilized by a bio-printer so as to generate that tissue in a laboratory environment. The technique is driving innovation in many areas of medicine, engineering, education, and others. 3D bio-printing is being applied to regenerative medicine to address the need for tissues and organs suitable for transplantation, which is driving the market growth along with the increasing healthcare expenditure.
3D Bioprinting Market – Key Players
There are some of the key players for the global 3D bio-printing market: ORGANOVO HOLDINGS, INC. (U.S.), CELLINK AB (Sweden), Bio3D Technologies (Singapore), Aspect Biosystems Ltd. (Canada), Stratasys Ltd. (U.S.), Materialise (U.S.), FATHOM (U.S.), Allevi (U.S.), ENVISIONTEC, INC. (Germany), Nano3D Biosciences, Inc.(U.S.), Cyfuse Biomedical K.K. (Tokyo), 3Dynamic Systems Ltd. (U.K), REGENHU (Switzerland), Poietis (France), and others.
3D Bioprinting Market – Competitive Analysis
Different companies along with academic institutes and laboratories are investing a huge capital for 3D bioprinting research and development has supported the market growth. Key players in the market are involved in extensive R&D activities to use stem cells for bioprinting tissues, which drives the growth of this market. For instance, Materialise is one of the major player in this market. The company manufactures 3D bioprinters, and also undertakes 3D printing of anatomical models. In June 2017, Materialise improved 3D imaging and printing- clinical trials conducted in the U.S.
Additionally, in March 2017, the company announced FDA clearance for their 3D-printed patient-specific radius and ulna osteotomy guides for children. In May 2017, the company announced they would begin production of 3D bioprinter using technology-HP Jet Fusion 3D 4200.
Companies like Organovo, which are printing human tissues with the help of 3D bioprinters, developed in collaboration with Invetech, will lead us into the future of medicine. As the 3D bioprinting technology advances, synthetic body organs and artificial tissues will become a reality in future.
Moreover, Organovo Holding Inc. participated in conferences such as Cantor Fitzgerald Inaugural Healthcare Conference in 2015, in order to increase awareness regarding their current activities in the field of 3D bioprinting. The company also announced a partnership with L’Oreal in the field of hair and skin care to develop skin tissue using their NovoGen Bioprinting Platform. Therefore, the various key developments in the area of 3D bioprinting has upsurged the growth of the market.
3D Bioprinting Market – Segmentation
The global 3D bio-printing market is segmented on the basis of technology, material, application, and end users.
On the basis of the technology, the market is segmented into electron beam melting, laser beam melting, droplet disposition, syringe extrusion, magnetic levitation, and others. The laser beam melting segment is sub segmented into photo polymerization, stereo lithography, two-photon polymerization, and others. The droplet disposition segment is sub segmented into inkjet printing, fused disposition methods, multi-phase jet solidification, and others.
On the basis of the material, the market is segmented into cells, hydrogels, extracellular matrices, fibrinogen, alginate, and others.
On the basis of the application, the market is segmented into clinical, research, and others. The clinical segment is sub segmented into tissue transplantation, bone grafts, vascular grafts, wound care, and others. The wound care segment, by application, is further segmented into acute wounds, chronic wounds, hernia repair, and others. The research segment is sub-segmented into regenerative medicine, personalized healthcare, 3D cell culture, and others.
On the basis of the end users, the market is segmented into pharmaceutical & biotechnology companies, research organization, academic institutes, and others.
Key Questions Answered In This Report
- What will the market size and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Major Table of Content
1 Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
List of Tables
Table 1 3D Bio-Printing Industry Synopsis, 2017 – 2023
Table 2 Global 3D Bio-Printing Market Estimates and Forecast, 2017 – 2023, (USD Million)
Table 3 Global 3D Bio-Printing Market by Region, 2017 – 2023, (USD Million)
List of Figures
Figure 1 Research Process
Figure 2 Segmentation for Global 3D Bio-Printing Market
Figure 3 Market Dynamics for Global 3D Bio-Printing Market
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