Global 3D Bio-Printing Market to Reach $1.3 Billion With A CAGR of 13.8% For Forecast Period 2016-2024

The global 3D bio-printing market accounted for USD 0.460 billion in 2016 and is set to be worth a staggering USD 1.3 billion by the end of forecast period i.e. 2024. Further the market is anticipated to expand at compound annual growth rate of 13.8% over the forecast period i.e. 2016-2024.In the 3D bioprinting sector, San Francisco based Prellis Biologics has raised USD 1.8mllion for the development of microvasculature 3D printing tech for human organ printing.

According to Goldstein Research, the global 3D bio-printing market is segmented based on technology and by applications. Application segment is further bifurcated into pharmaceutical, tissue and organ regeneration, bones and 3D cell culture.North America and Europe dominate the global 3D bio-printing market with approximately 60% market share. However, it is expected that Asia Pacific region is poised to take lead in 3D bio-printing technology in future. Asia Pacific is the key region for the potential adoption of 3D bio-printing technology, dominated by the South Korea, Japan and China, which currently contributes to the 21% of the share in global 3D bio-printing market.

The world is facing the huge shortage of organs available for lifesaving transplants. For instance, in U.K an individual have to wait an average of 944 days for a kidney transplant. There is similar shortage of liver, lungs and other organs. The shortage of transplant tissues and organs is estimated to be the major cause for the death in America with around 900,000 deaths a years or one third of all deaths in the U.S. These rising number of deaths can be prevented or delayed by the printed or engineered tissue transplants, with the growing demand the growth opportunity for 3D bio-printing technology is endless.

“Global 3D Bio-Printing Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry 3D bio printer manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, cosmetic product manufacturers, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.

Global 3D Bio-Printing Market Analysis & Segmentation can be classified on the basis of:

By Technology

  • Inkjet Based Bio Printing
  • Extrusion Based Bio Printing
  • Laser Based Bio Printing

By Applications

  • Pharmaceuticals
  • Tissue and Organ Regeneration
  • Bones
  • 3D Cell Culture
  • other

By Geography

  • North America (US, Canada) 3D Bio-Printing Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) 3D Bio-Printing Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) 3D Bio-Printing Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) 3D Bio-Printing Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) 3D Bio-Printing Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

Trend: 3D Bioprinting Attracts Investors

BIOLIFE4D, a medical technology manufacturer in USA has registered a USD 50 million initial public offering with the SEC under Regulation A+ rules and signed a laboratory service agreement with Northwestern University in order to access world class academic research facilities and resources, including sophisticated imaging and instrumentation capabilitiesto make the technology faultlessin order tofabricate viable organ replacement a safe, accessible and affordable reality.

Driver: Shortage Of Organs And Rising Need For Transplants

According to World Health organization (WHO) more than 119,873 organs were transplanted which is increasing by 1.81% annually. Shortage of organs and rising need for transplants has significantly bolstered the demand for 3D bio-printed organs to overcome the shortage of organs for transplants.

Challenge: Huge Investments at Nascent Stage Of 3D Bio-Printing

However, being in its nascent stage huge investments and high cost of devices hinders the growth of 3d bio printing market. But, once 3D Bioprinting of human tissues and organs become commercially feasible, patients will have access to these organs, printed using the size and organic structure they need. As healthcare cost drops, these innovation will play an important role for both emerging and developed economies.

Global 3D Bio-Printing Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global 3D bio-printing market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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