Persistence Market Research Released New Market Report on “3D Bioprinting Market - Global Industry Analysis and Forecast to 2020” in the category "Biotechnology".
New York, NY -- (SBWIRE) -- 10/02/2014 -- 3D bioprinting is a process of generating human tissue through three dimensional digital bio-models with the help of 3D printing technologies. 3D bioprinting helps in toxicity testing, tissue engineering, drug screening and organ replacement via organ printing. 3D bioprinter is used in various areas such as drug discovery, cosmetic product testing, tissue grafting or implantation, consumer product testing and others. Some of the medical application areas for 3D bioprinting are medical implants, surgical instruments, surgical guides and bio-engineered products. On the basis of technology, 3D bioprinting market can be segmented into ink-jet bioprinter, laser-assisted cell printer, valve-based cell printer and magnetic levitation bioprinter.
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North America, followed by Europe, has the largest market for 3D bioprinting due to technological advancement, increasing government expenditure and wide range of application areas for 3D bioprinting in this region. Asia is expected to experience high growth rate in the 3D bioprinting market in next few years due to increasing use of 3D bioprinting in production of prototypes and medical models, rise in healthcare spending and increasing awareness about 3D bioprinter and its benefits in medical modeling in the region.
Technological advancement, increasing demand for 3D printer in drug discovery, and growing need for toxicity screening of drugs are expected to drive the market for 3D printing. In addition, increasing awareness about benefits of 3D bioprinter and growing demand for quick and cheap solutions for medical problems are expected to drive the market for 3D bioprinting. However, high implementation cost, strict government regulations, and ethical and religious issues are some of the factors restraining the growth for global 3D bioprinting market.
Growing demographics and economies in the developing countries such as China and Japan is expected to offer good opportunities for 3D bioprinting market. In addition, continues rise in the demand for 3D printers and broadened applications of 3D printers are expected to offer new opportunities for global 3D bioprinting market. However, limited capability for complicated tissues and organs is a challenge for the global 3D bioprinting market. Customized 3D printed medical products, new product launches and increasing number of mergers and acquisitions are some of the latest trends that have been observed in global 3D bioprinting market.
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Some of the major companies operating in the global 3D bioprinting market are 3D systems, Inc, Organovo Holdings Inc., Envision TEC, Stratasys Ltd, regenHU, nScrypt Inc., Rainbow Biosciences, GeSiM and TeVido BioDevices.
Key points covered in the report:-
1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2. The report covers geographic segmentation
3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the market
5. The report also provides porters five forces analysis of the market.
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