Published on : May 09, 2017
Albany, New York, May 09, 2017: Advances in technology have recorded new ideas and discoveries in the medical field. The advent of 3D bioprinting in the medical fields has become one of the most growing technologies. According to the latest study, the global 3D bioprinting market has witnessed significant growth in the past few years and constant improvement in research & development efforts in the industry will drive the 3D bioprinting market in future years also. The study is titled as “Global 3D Bioprinting Market 2017-2021” and recently has been broadcasted to the online repository of Market Research Hub (MRH). The study covers the present scenario of the global 3D bioprinting market in the major regions, such as APAC, EMEA and Americas and then analyzes its future growth prospects by the end of 2021.
In coming years, 3D bioprinting to be a multi-billion dollar industry. The increasing demand for 3D bioprinting among organizations, laboratories, and universities is the major factor for the growth of the market over the next four years. As per the research estimations, the global 3D bioprinting market will grow strongly at a CAGR of 25.06% during the period 2017-2021. The research identifies that one of the key factors behind this growth is the penetration of companies providing low-cost 3D bioprinters in the market.
Initially, the research starts with the market overview, size and forecast for the 3D bioprinting technology. 3D Bioprinting or three-dimensional bioprinting refers to the process of developing cell patterns in a limited space with the help of 3D printing technologies. The materials used in the bioprinting process are specifically engineered and permeated with living cells (except for metals and ceramics).
Furthermore, the market has been segmented by the source of revenue, applications and by geography. On the basis of source of revenue, it has been categorized into 3D bioprinter, Bioprinting materials and; Services and ancillary equipment. For each segment, the research highlights growth prospects and its demand among various end-users; and analyzes the market size by considering the revenue generated by sales of 3D bioprinters, materials used in the bioprinting process, as well as the services & subsidiary equipment that are used for post bioprinting process.
Major applications of the 3D bioprinting include Human tissue and organ generation, Biosensors, Medical testing, Prosthetics, Implants, Cosmetics, Dental, Food and animal products. The growing need for organs and tissues that are suitable for transplantation has fueled the application of 3D bioprinting in regenerative medicine. The collaboration among the end-users for knowledge sharing purposes is also contributing to the market growth. Geographically, the U.S. is one of the early adopters of 3D bioprinting and is adapting to the use of these technologies across applications such as organ generation, bio-implants, biosensors and medical test.
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At last, the research highlights major players operating in the global market, which includes 3D Bioprinting Solutions, Advanced BioMatrix, CELLINK, 3D Biotek, EnvisionTEC, InSphero, Cyfuse Biomedical K.K., Organovo, BioBots, Digilab and SHINING 3D TECH.
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