JERSEY CITY, N.J., Sept. 10, 2020
- Increasing use of 3D bioprinting in the pharmaceutical & cosmetology industries, & rising public and private funding to support bioprinting research activities are the key driver of global 3D Bioprinting Market
JERSEY CITY, N.J., Sept. 10, 2020 /PRNewswire/ -- Verified Market Research recently published a report, "3D Bioprinting Market by Material (Hydrogels, Extracellular Matrices, Living Cells), by Application (Research Applications, Clinical Applications), by Technology (Magnetic 3D Bioprinting, Laser-Assisted Bioprinting, Inkjet 3D Bioprinting, Microextrusion Bioprinting), Geography". According to Verified Market Research, the Global 3D Bioprinting Market was valued at USD 820.85 million in 2019 and is projected to reach USD 4735.96 million by 2027, growing at a CAGR of 26.43% from 2020 to 2027.
This report provides detailed analysis of the growth trends among each of the segments as well as accurate forecasts in terms of the value and volume.
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Global 3D Bioprinting Market Overview
The global 3D bioprinting market is expected to witness significant growth during the forecast period due to the increasing adoption of 3D bioprinting in the healthcare, pharmaceutical, and biotechnology market. In addition, the rise in usage of 3D printing in cosmetic surgeries and inventions in 3D bioprinting is anticipated to further foster the 3D bioprinting market growth over the forecast period. The rise in public and private funding to support bioprinting research activities has also added fuel to the market growth. The major technological advancements in the 3D bioprinting space have taken place for various medical applications, including skin tissue development, cancer therapeutics, bone and cartilage development, and liver modeling is also supporting this growth of the market over the forecast period.
There are some recent trends in 3D bioprinting. 3D bioprinters hold the crucial importance of drug testing and clinical trial applications expected to drastically reduce the need for animal trials. The regulatory body of the United States Food and Drug Administration has started to consider 3D bioprinting as an integrating alternative for drug safety and efficacy assessment. Moreover, In April 2019, NIBIB-funded researchers at the University of Minnesota build a new, dynamic 3D Bioprinted tumor model in a laboratory to screen anticancer drugs and studied them outspread of cancer and primary stage of the tumor.
Furthermore, factors such as the supportive regulatory environment in emerging countries like India, the presence of a large number of stem cell product pipelines, and applications of regenerative medicine for treating several diseases are expected to offer favorable growth opportunities for the 3D bioprinting market over the forecast period.
The "Global 3D Bioprinting Market" study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Organovo Holdings, Inc., Envisiontec GmbH, Nano 3D Biosciences, Inc., Cyfuse Biomedical K.K., Regenhu Ltd., Aspect Biosystems Ltd., Biobots, Cellink, Gesim, and Poietis
Verified Market Research has segmented the Global 3D Bioprinting Market on the basis of Technology, Material, Application, and Geography.
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