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3D Bioprinting Market is Driven by High Demand of Tissues and Organs for Transplantation Across the Globe

03-20-2018 07:58 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Market Research

3D Bioprinting Market is Driven by High Demand of Tissues

The 3D bioprinting market size is projected to reach $792.5 million by 2022, growing at a CAGR of 35.9% between 2016-2022.

The market is driven by factors, such as technological advancements and innovations, increasing compliance for drug discovery processes, and high demand for organ and tissue transplantation.

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In terms of technology, the 3D bioprinting market has been segmented into syringe based 3D bioprinting, pneumatic extrusion based 3D bioprinting, inkjet based 3D bioprinting, laser based 3D bioprinting and others. The syringe based 3D bioprinting was the most commonly used bioprinting technology; whereas, pneumatic extrusion based 3D bioprinting is expected to witness the fastest growth during the foreast period.

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Asia-Pacific would be the fastest growing region in the 3D bioprinting market during 2016 - 2022. The region accounted for 20.0% share in the global market in 2015 and the share is expected to increase to 23.2% by 2022. The major reasons behind the fastest growth of the market in the region include increasing stem cell research, huge gap in demand supply for tissue and organ transplant, improving healthcare infrastructure, increasing prevalence of chronic diseases, technological advancements and increasing geriatric population.

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Some of the major players operating in the 3D bioprinting market include Organovo Holdings, Inc., CELLINK, EnvisionTEC, BioBots, Cyfuse Biomedical K.K., Aspect Biosystems Ltd., 3D Bioprinting Solutions, Ourobotics, Advanced Solutions, Inc., GeSiM, Bio3D Technologies, 3Dynamic Systems Ltd., Nano3D Biosciences, Inc., Poietis, regenHU Ltd., and Aerotech Inc.

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P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.

With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.

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