3D Bioprinting Market Insights Shared in Detailed Report 2021-3D Systems Corporation, Aspect Biosystems Ltd, GeSIM GmbH
The global 3D bioprinting market (henceforth referred to as the market studied) was valued at USD 586.13 million in 2019, and it is expected to reach USD 1949.94 million by 2025, registering a CAGR of 21.91%, during the period of 2020-2025.
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Top Leading Companies of Global 3D Bioprinting Market are
3D Systems Corporation, Aspect Biosystems Ltd, GeSIM GmbH, Allevi Inc., Cyfuse Biomedical KK, Envision TEC GmbH, Organovo Holdings Inc., RegenHU SA, Stratasys Ltd, REGEMAT 3D, 3D Bioprinting Solutions, Arcam AB (GE Company)
3D Bioprinting Market Segment Percentages, By Type, 2020 (%)
Magnetic 3D Bioprinting
Inkjet 3D Bioprinting
Microextrusion 3D Bioprinting
3D Bioprinting Market, By Application, 2016-2021, 2022-2027 ($ Millions)
United States 3D Bioprinting Market Segment Percentages, By Application, 2020 (%)
Drug and Medical Research
3D Cell Culture
3D bioprinting is an emerging field represented by various biologically applied deposition and assembling systems, which include direct writing, photolithography, microstamping, extrusion, laser writing, stereolithography, electro-printing, microfluidics, and inkjet deposition. Healthcare is one of the major markets where 3D bioprinting has been bringing a seismic change. This is majorly because of the increasing investments in healthcare applications, such as model and organ prototyping and production throughout the globe, and growing innovations in healthcare through 3D printing.
Drug Testing to Hold Major Share
- 3D bioprinters are of the highest importance for drug testing and clinical trial applications expected to drastically reduce the need for animal trials (therefore not only being ethically beneficial but also being cost-effective).
- Traditionally, clinical trials for new drug development involved testing on animals with artificially induced affected tissues. With the advent of 3D bioprinting, drug developers may be able to address the complications associated with human clinical trials of new drugs, by identifying them in a short period (since these can be tested with human-like 3D printed tissues). Thus, they are expected to reduce the losses incurred during late-stage failures.
- The regulatory agency of the United States Food and Drug Administration has already started to consider integrating alternatives for drug safety and efficacy assessment, providing scope for the market. Companies, like Organovo (US-based) were instrumental in the development of 3D bioprinter able to develop liver and kidney tissue for drug discovery applications.
Latest Update and Developments
- In January 2020, 3D Systems and CollPlant Biotechnologies announced a joint development agreement to play a pivotal role in advancing and accelerating innovations in the biomedical industry. This alliance may be focusing on the development of regenerative medicines with the help of 3D bioprinting.
- In September 2020, CELLINK launched its newly developed BIO X6, which is a six-printhead bioprinting system that allows the combination of various materials, tools, and cells. It also offers an intelligent exchangeable printhead system backed by CELLINKs patented Clean Chamber Technology. This product may help to enhance advanced research and clinical applications.
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3D Bioprinting Analysis and Strategies Carry Out as below:
The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the 3D Bioprinting market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the 3D Bioprinting market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the 3D Bioprinting Market report.
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