Global 3D Bioprinters Market Is Expected To Reach USD 1,942.5 Mn By 2022 According to Credence Research, Inc.
The latest market report published by Credence Research,
Inc. “Global 3D Bioprinters Market -
Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 -
2022,” the 3D bioprinters market was valued at USD 562.8 Mn in 2015,
and is expected to reach USD 1,942.5 Mn by 2022, expanding at a CAGR of 18.8%
from 2016 to 2022.
Browse the full report 3D
Bioprinters Market - Growth, Share, Opportunities, Competitive Analysis, and
Forecast, 2016 – 2022 at http://www.credenceresearch.com/report/3d-bioprinters-market
Market Insights
3D bioprinting is the process that
allows researchers to generate and assemble cellular layers to form organic
tissues. The use of biomaterial cells, proteins or other biological compounds
as building block is carried out for fabricating 3D personalized structures or
in vitro biological models through additive manufacturing processes. The major
factors driving 3D bioprinters market are increasing demand for organ
transplants, and requirement of cost-efficient technologies in drug
development. According to the Organ Procurement and Transplantation Network
(OPTN) and the Gift of Life Donor Program, in the U.S., an average of 21 people
die every day waiting for an organ transplant, and the wait times can range
from four months for a heart to five years for a kidney. The global 3D
bioprinters market is represented by key technologies namely, syringe based 3D
bioprinting, laser based 3D bioprinting, magnetic levitation 3D bioprinting,
inkjet based 3D bioprinting and valve-based 3D bioprinting. Among these syringe
based 3D bioprinting is the largest segment and is anticipated to maintain its
lead during the forecast period 2016 – 2022. Pharmaceuticals segment accounted
for a major share of 31.70% in the 3D bioprinting market. Drug development
today is increasingly focusing on reducing side effects, improving treatment
outcomes and deserting the ‘one-size-fits-all’ approach to medication
management.
Market Competition Assessment
According to market experts
competition in 3D bioprinting market is low and barriers are high. Competition
is low due to presence of niche opportunities in the healthcare industry and
barriers are high because the research is very specialized and requires a
significant amount of investment, usually by the government or private donors,
while the risks to profitability remain very high. 3D Systems, Inc. and
Stratasys Ltd. dominate the 3D printer applications in healthcare market. The
other upcoming key players such as Organovo, Inc. and EnvisionTEC, Inc. are
expected to be one of the leading players in 3D bioprinting market in the near
future.
Key Market Movements
·
Gap between patients waiting for
organ transplant and available organ donors
·
Rising demand for cost-efficient
technologies in drug development processes
·
Growth in adoption of 3D bioprinted
bone grafts and dental consumables
Free Sample Request: http://www.credenceresearch.com/sample-request/57766
About Us
Credence
Research is a worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence
Research is a worldwide firm, containing more than 15 research consultants and
almost 100 research and information professionals.
Our customers
mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13%
in Asia Pacific and 12% in the Middle East and Africa.
Our firm is
intended to work as one. We are a solitary global research organization united
by a solid arrangement of qualities, concentrated on customer effect.
Contact:
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103, United States
CA 95103, United States
Ph: 1-800-361-8290
E-mail: sales@credenceresearch.com
Website: http://www.credenceresearch.com
Post a Comment