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Global 3D Bioprinting Market: Snapshot
The global 3D bioprinting market is envisaged to offer some bankable prospects for industry players with technologies such as microextrusion 3D bioprinting making the cut on the basis of key factors such as affordability. The technology is expected to rake in a whole lot of demand in the market to grab a larger share in the coming years.
Compared to other technologies, the versatility and low cost of inkjet 3D bioprinting could win it a significant share in the market, just next to that of microextrusion 3D bioprinting.
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On the basis of material, the global 3D bioprinting market is prophesied to find opportunities birthing from living cells, hydrogels, and extracellular matrices.
This is anticipated to be on account of increasing research and development initiatives taken for the application of living cells. Nonetheless, hydrogels could take the immediate position after the living cells market if its share is concerned.
Unable to fulfill the demand in the global 3D bioprinting market, existing players are envisioned to have the company of new players making an emerging presence with advanced and low-cost products. This could work in the favor of bridging the gap between demand and supply in the market.
However, the price of a product is expected to vary as per the level of customization. Research and development on new applications of 3D bioprinting could give a strong impetus to the overall market.
Global 3D Bioprinting Market: Overview
Three-dimensional bioprinting refers to the process of developing cell patterns in a limited space with the help of 3D printing technologies. The viability and function of the cells are retained within the printed structure.
Recent developments have made possible 3D printing of biocompatible cells and materials into three-dimensional, complex, and functional living tissues. The growing need for organs and tissues that are suitable for transplantation has fueled the application of 3D bioprinting in regenerative medicine.
Some of the leading industry technologies used in 3D bioprinting are inkjet-based printing, magnetic levitation, laser-based printing, and syringe-based printing. These technologies have expanded the application of 3D bioprinting in areas such as medical, bioinks, personal and consumer product testing, dental, biosensors, and food and animal product bioprinting.
The research report offers a detailed assessment of the global 3D bioprinting market. The strengths, weaknesses, opportunities, and threats to individual companies, regional segments, and the market as a whole have been elaborated to give clients a well-rounded overview of the structure, contribution, and performance of the 3D bioprinting market.
The most prominent players, the dominant and struggling segments, and the future of the 3D bioprinting market have been analyzed in the research.
Global 3D Bioprinting Market: Key Trends and Opportunities
The global 3D bioprinting market has witnessed significant growth in the past few years. This is attributed to factors such as increase in lifespan of individuals, growing incidence of chronic illnesses, rise in demand for tissue and organ transplants, incorporation of IT within the health care sector, limited number of organ donors, rapid advancement in 3D printing technology, and growing geriatric population.
In addition, considerable improvement in research and development efforts in the industry has boosted the 3D bioprinting market. The prospects of bioprinted organs, implants, and tissue reconstructions seem positive in the near future thanks to the efforts of research institutes and universities.
Growing use of 3D bioprinting technology in the medical sector is one of the major drivers of the global market. Apart from regeneration of tissues, organs, prosthetics, and implants, the production of 3D bioprinted pills presents lucrative options for players in the 3D bioprinting market.
Escalating need for personalized medicine and cost-efficient and rapid production of biodrugs are likely to propel the market in the near future.
Global 3D Bioprinting Market: Region-wise Outlook and Vendor Landscape
Geographically, the global 3D bioprinting market comprises North America, Asia Pacific, Europe, and Rest of the World. North America is the largest market for 3D bioprinting in terms of revenue and is fueled by several macro and micro factors, including improved health care infrastructure, presence of a massive chronically ill and geriatric population, and high disposable income of the people.
Continuous research activities in the field of 3D printing are boosting market growth in North America. The 3D bioprinting market in Asia Pacific is anticipated to emerge as a strong contender in the global scenario thanks to the rapid adoption and adaption of technological advancements, development of health care IT, supportive government initiatives, rising foreign investments, and growing awareness about the technology.
Leading players in the global 3D bioprinting market include Oceanz, Luxexcel Group BV, Organovo Holding, Inc., TeVido BioDevices, Voxeljet, Stratasys Ltd., Aspect Biosystems, Solidscape, Materialise NV, Cyfuse Biomedical, Bio3D Technologies, 3Dynamics Systems, Envision TEC, and BioBots. An increasing number of companies have been partnering with universities and research institutes that are dedicated toward working on organ regeneration technologies.
Several seminars and exhibitions have also been held to raise awareness regarding the 3D bioprinting industry across the world.
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