3D Bio-Printing Market in North America estimated to grow at a CAGR of 14.9% in the forecast period (2019-2024)

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, 3D Bio-Printing Market in North America is expected to inflate at a CAGR of 14.9% by the forecast period (2019 – 2024).

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Highlights of the Report:
Every ten minutes, someone is added to the national transplant waiting list in the American market. On an average 20-25 people die each day while waiting for a transplant surgery. The shortage of organ donors is not just confined to the US and scientists are turning to technology for help against this worldwide issue, In India and China the wait list is equally long. 3D Bio-printing market is expected to revolutionize the way humans are treated currently.

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The Growth Prognosis & its Drivers
The North American market was worth USD 228.9 Million in 2018 and is expected to grow at a compound annual growth rate of 14.9% till 2025. It is expected that this market shall remain the largest till the next 5-6 years in terms of adoption and usage of 3D bio-printing.

Market Segments
Bio-printers work on the same concept as 3D printers. The key difference between the two is that bio-printers deposit layers of biomaterial instead, which may include living cells, to build complex structures like blood vessels or skin tissue. To do this the required cells are taken from the patient and then cultivated until there are enough to create the bio-ink, which is then loaded into the printer (Source: Piotr Wnuk).

Bioprinting has been considered as one of the most promising technologies for fabricating artificial tissues and organs that could fast track and disrupt the conventional diagnostic tools and enhance the treatment of many different medical conditions. According to U Dmirci “Just as the printing press allowed massive amounts of information to be accessed at low cost for the first time in mankind’s history, so bio-printing could potentially provide a high-throughput and affordable way to assemble cells to make complex tissue constructs that are widely available to a very large number of researchers and scientists”

Demirci thinks that bio-printing is the process of using advanced additive manufacturing technologies to pattern biological materials, such as cells, biomaterials and biomolecules, for the fabrication of tissue-mimicking constructs. The technology requires biocompatible materials called bio-inks to act as the matrices for printed cells, which can then be grown in bioreactors to further develop and become functionally mature.

In terms of usage this report identifies dental implants and prosthetics to be major beneficiaries and offer more opportunities for new investors. In terms of technology, photo-polymerization shall have the largest market share in North America and shall grow up to USD 237.45 Million in 2025 (from USD 67.20 million in 2018).

Key Players of the Market
Cellin, Bio3D, Organov are few companies that shall lead the market and competitors need to track the developments of these companies. The report also showcases key companies for collaborations and offers direct contact details of stakeholders. This is a must buy for venture capitals and bankers who are looking at future investments, along with HC IT companies, 3D printing companies looking for openings in bio-printing.

Features of the Report
Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.