Boom Predicted in North American 3D Bioprinting Market in Coming Years

The global 3D bioprinting market is set to exhibit huge expansion in the coming years, as per the estimates of P&S Intelligence, a market research company based in India. The burgeoning requirement for tissue and organ transplants, the increasing compliance with various drug discovery standards, and rapid advancements and innovations being made in medical and healthcare technology are the major factors fueling the progress of the market across the world.

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The ability of 3D bioprinting to provide platforms that can be adopted for drug discovery and drug development purposes is one of the major factors driving the advancement of the 3D bioprinting market around the world. 3D bioprinting develops tissues that improve the efficacy of the drug. Moreover, the adoption of this method is causing a sharp reduction in the time taken for clinical trials. This is making this method very popular among clinical trial organizations all over the world.

Over the last few years, there have been numerous collaborations between 3D bioprinting organizations and pharmaceutical companies for facilitating drug testing during the initial clinical trial stages. Furthermore, various pharmaceutical firms are increasingly testing the new drugs produced on 3D printed tissues, on account of the fact that these drugs are allowing them to expedite drug discovery processes. Besides these, the soaring number of research and development (R&D) projects being announced in this domain is also propelling the market growth.

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Depending on application, the 3D bioprinting market is classified into 3D cell culture, tissue and organ regeneration, and pharmaceutical. Out of these, the tissue and organ regeneration category recorded the highest growth in the market during the past few years and this trend is predicted to continue in the forthcoming years as well. On the other hand, the fastest growth in the market will be exhibited by the 3D cell culture category in the upcoming years.

This will be because of the large number of R&D activities being carried out in the domain of stem cell research. When technology is taken into consideration, the 3D bioprinting market is divided into pneumatic extrusion-based, laser-based, inkjet-based, and syringe-based. Out of these, the syringe-based technology is currently demonstrating the highest growth in the market. In the coming years, the pneumatic extrusion-based category is predicted to register the fastest market growth.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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This release was published on openPR.