North America to Dominate 3D Bioprinting Market for Forecast Period 2016-2024.
3D bioprinting market is also expected to witness the growth of new entrants, offering advanced products at low-cost. Hence, this will also bridge the gap between demand and supply. However, based on consumption the price of a product can vary. Meanwhile, companies are also investing in the research and development of new products in 3D bioprinting. Moreover, new applications of 3D bioprinting are also expected to contribute to the growth of the market. Some of the leading technologies used in 3D bioprinting are magnetic levitation, inkjet-based printing, syringe-based printing, and laser-based printing.
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On the basis of material, the 3D bioprinting is segmented into hydrogels, extracellular matrices, and living cells. Among these, living cells is expected to witness highest market share, owing to the rising initiatives in research on using living cells in 3D bioprinting. Meanwhile, hydrogels is also expected to experience growth during the forecast period, 2016-2024.
North America to Emerge as the Largest Market for 3D Bioprinting
In terms of revenue, North America is the biggest market for 3D bioprinting. The rise in chronically ill and geriatric population, improving healthcare infrastructure, the presence of people with high disposable income are some of the factors driving the growth of North America market for 3D bioprinting. However, increasing investment and continuous research activities are expected to boost the 3D bioprinting market in North America. Meanwhile, Asia-Pacific is also expected to witness a strong growth, owing to the advancements in technology, increasing government initiatives, and increasing investment by foreign companies.
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Increasing usage of 3D bioprinting in medical and healthcare is also driving the global market for 3D bioprinting. Producing pills using 3D bioprinting is emerging as an opportunity for key market players. In the coming years, 3D bioprinting will result in cost-efficient and speedy production of biodrugs and personalized medicine.
The report offers in-depth analysis, opportunities, weaknesses, strengths in the global 3D bioprinting market. Some of the key market players in the global 3D bioprinting market are Bio3D Technologies, Luxexcel Group BV, Oceanz, 3Dynamics Systems, Voxeljet, TeVido BioDevices, Solidscape, Aspect Biosystems, Materialise NV, Cyfuse Biomedical, Envision TEC, BioBots, Stratasys Ltd, and Organovo Holding, Inc.
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