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3D Bioprinting Market 2019 Analysis by Market Size, Production, Consumption, Buyer, Supplier Details and Scope Forecast to 2024

3D Bioprinting

This “3D Bioprinting Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global 3D Bioprinting market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The Global 3D Bioprinting Market was valued at USD 385.56 million in 2018 and is expected to register a CAGR of 25.36% during the forecast period (2019-2024). The global 3D bioprinting market is expected to grow, owing to its revolutionary breakthrough in healthcare and pharmaceutical industries. The increasing technological advancements, government intervention for improving healthcare, and increasing investments in R&D are also significant factors driving the studied market growth.
  • The primarily growing bioprinting applications include 3D bioprinted tissue and hair follicles, as they are very beneficial to cosmetics companies, especially in Europe, where animal testing for cosmetics was banned in 2013. For a cosmetic company, the advantage will be the ability to economically and ethically test products (i.e., not on animals) across varying skin types, for more accurate results.
  • Growing government support is also attracting many investors to invest in R&D programs, which is expected to develop space for the studied market. In 2018, Mapp Biopharmaceutical Inc. announced that it had been awarded a contract of USD14.8 million, with options for an additional USD 32.0 million, by the Biomedical Advanced Research and Development Authority (BARDA).
  • Further, a significant increase in the number of older adults is projected in the coming decades, which is expected to drive the need for 3D bioprinting reflecting the growth of the market.

    3D Bioprinting Market Covers Manufacturers:

  • 3D Systems Corporation
  • Aspect Biosystems Ltd
  • GeSIM GmbH
  • Bio3D Technologies
  • Allevi Inc.
  • Cyfuse Biomedical KK
  • Envision TEC GmbH
  • Organovo Holdings Inc.
  • 3Dynamic Systems Ltd
  • RegenHU SA
  • Stratasys Ltd
  • REGEMAT 3D
  • 3D Bioprinting Solutions
  • Arcam AB (GE Company)

    Scope of the Report:

  • 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.<

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    Key Market Trends:

    Drug Testing to Hold Major Share

    3D bioprinters are of the highest importance for drug testing and clinical trials 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 will 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.

    Cosmetic companies are also potential buyers of the bioprinter technology. In 2013, the European Union prohibited the use of cosmetics developed by animal testing. Prohibition of retailing products tested abroad on animals was also levied. Such regulations have accelerated the use of alternatives like bioprinting.

    Asia-Pacific Anticipated to Witness Fastest Growth

    Asia-Pacific is the fastest growing market for 3D bioprinting, mainly due to a strong existing consumer base that will drive demand for 3D bioprinting, huge scope of 3D printing in medical services, increasing R&D for 3D printing, and government support and tax incentives. The growing number of cancer cases and the increasing the number of cancer treatments in the region are also expected to fuel the adoption of 3D bioprinting technology. According to the World Cancer Research Fund, the cancer rate is the highest in Australia and New Zealand in the world.

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    Target Audience of 3D Bioprinting Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to 3D Bioprinting Market Report:

    • Analyzing various perspectives of the 3D Bioprinting market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the 3D Bioprinting market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of 3D Bioprinting market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of 3D Bioprinting market studied, during the forecast period
    • The segments that are expected to dominate the 3D Bioprinting market studied.

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  • About the author

    Emily Rodriguez

    Emily Rodriguez

    I have 25 years of writing experience as a journalist and business executive. My fields of expertise include higher education, business journalism, report writing and project management. I work closely with writers to edit carefully and help to hone ideas to effectively deliver messages and stories.

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