A recent report published by Infinium Global Research on 3D bioprinting market provides an in-depth analysis of segments and sub-segments in the global as well as regional 3D bioprinting market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional 3D bioprinting market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global 3D bioprinting market. According to the report, the global 3D bioprinting market is projected to grow at a CAGR of 24.19% over the forecast period of 2019-2025.
Technological advancements in the field of manufacturing have evolved the medical and pharmaceutical industry. One of the novel manufacturing technique is 3D printing and 3D bioprinting is the application of 3D bioprinting in the field of medical and pharmaceuticals. The 3D bioprinting market is relatively new and it is highly fragmented in nature with a number of market players competing to hold a leading position in the market. The key players in the market including Organovo Holdings Inc., Cellink AB, Cyfuse Biomedical K.K., 3 Dynamics Systems Ltd., Aspect Biosystems Ltd., and others are focusing on strategic collaborations, acquisitions, agreements, and novel product launch to compete in the market. Recently, Organovo Holding, Inc. announced a partnership with L’Oreal for the development of skin tissue with its NovoGen Bioprinting Platform. On the other hand Aspect Biosystems made a collaboration with the Institute for Technology-Inspired Regenerative Medicine (MERLN) at Maastricht University in the Netherlands to develop kidney tissue by the head of bioprinting research.
The rise in the prevalence of chronic diseases such as cancers and degenerative diseases is the major factor driving the global 3D bioprinting market. By using 3D bioprinting techniques, tissues are regenerated to treat cancers and other diseases. Furthermore, an increase in R&D investment in the field of biotechnology is contributing to the growth of the global 3D bioprinting market. Additionally, government initiatives for improving healthcare are also contributing to the growth of the 3D bioprinting market. However, the dearth of skilled professionals is hampering the growth of the global 3D bioprinting market. Nonetheless, the trend of personalized medicine is anticipated to provide favorable opportunities for companies in the 3D bioprinting market.
Region-wise, North America region dominated the global 3D bioprinting market, accounting for the largest share in the market. The large share of the region attributed to the increase in the geriatric population, the presence of major market players, sophisticated healthcare infrastructure and high investment in R&D to develop 3D printing technology. On the other hand, the 3D bioprinting market in the Asia-Pacific region is anticipated to register the highest rate of growth. The fastest growth of the market in this region attributes to a large population base suffering from chronic diseases, and the increasing number of government initiatives to improve healthcare.
The report on global 3D bioprinting market covers segments such as technology, material, application, and end user. On the basis of technology, the sub-markets include microextrusion bioprinting, inkjet 3D bioprinting, laser-assisted bioprinting, and magnetic 3D bioprinting. On the basis of material, the sub-markets include living cells, hydrogels, extracellular matrices, and other materials. On the basis of application, the sub-markets include research applications, clinical applications, and other applications. On the basis of end user, the sub-markets include pharmaceutical & biotechnology companies, research organizations, and other end users.
The report provides profiles of the companies in the market such as Organovo Holdings Inc., Cellink AB, Luxexcel Group B.V., Cyfuse Biomedical K.K., Nano3D Biosciences, Inc., 3 Dynamics Systems Ltd., Aspect Biosystems Ltd., EnvisionTEC GmbH, Allevi, FUJIFILM Wako Automation Corporation, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of 3D bioprinting market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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