Showing posts with label Global 3D Bioprinting Sector. Show all posts
Showing posts with label Global 3D Bioprinting Sector. Show all posts

Thursday, December 8, 2022

Global 3D Bioprinting Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

 The Global 3D Bioprinting Market was valued at ~US$ 1 billion in 2017. It is estimated to be ~US$ 2 billion in 2022 and is forecasted to reach a market size of ~US$ 5 billion, growing at a CAGR of ~15% owing to the rising demand from the manufacturing industry.

Global 3D Bioprinting Market

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Key Growth Drivers

  • Several pharmaceutical firms are rapidly utilizing 3D bioprinting goods and technology in process of finding and developing new drugs. Compared to the conventional drug test process, 3D bioprinting allows the drug industry to test medications more affordably and safely, which acts as a driving factor for the growth of the market.
  • Due to uncontrollable processing parameters and different materials, the additive manufacturing method's accuracy varies between machines. A few monitoring techniques are available to assist producers in fulfilling their unique requirements by correcting these modifications. It has been challenging to create intricate and precise mathematical models using additive manufacturing, which acts as a major challenge for the market.
  • The market was positively impacted by the COVID-19 pandemic as various 3D Bioprinting communities are responding to the worldwide crises by offering their respective skills to ease the burden on the supply chain and governments. As the cases of COVID-19 are increasing day by day, there has been a shortage of materials for medical professionals as well as for the general public. One of the biggest issues is the lack of availability of test kits for COVID-19. Hence, various 3D bioprinting companies are manufacturing 3D printers and related software on a large scale.

Key Trends by Market Segment

By Component: The 3D bioprinters segment held the largest market share in the global 3D bioprinting market in 2021, owing to the growing demand for 3D bioprinting due to the widespread use of pharmaceutical pills to treat a variety of chronic conditions.

  • Bioprinting is a form of additive manufacturing that uses biomaterials instead of traditional metals and plastics to create 3D tissues.

3D bioprinters use three-dimensional technology in combination with biocompatible materials to replicate body parts. It is used for bioprinting of tissue, bone, organs, blood vessels tissue, and biomedical parts.

Global 3D Bioprinting Industry

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By Material: The living cells segment held the largest market share in the global 3D bioprinting market in 2021, owing to rising demand from the pharmaceutical industry.

  • Using living cells as bio-inks, the inkjet technology allows for the printing of complex organs and tissues on culture substrates.
  • Living tissues and organs can be printed in three dimensions by layering living cells. There is growing usage of living cells in regenerative medicine and stem cell research.

By Application: The clinical application segment held the largest market share in the global 3D bioprinting market in 2021, owing to utilization of bioprinting technology in clinical trials of various diseases.

  • Bioprinting saves time in clinical trials and, thus, is being increasingly used for drug discovery. Biopharmaceutical companies are collaborating with market players to test their drugs.

By Region: North America held the largest market share among all other regions within the global 3D bioprinting market in 2021, due to the supporting government policies to augment the growth of the region.

  • The increasing incorporation of IT in the healthcare industry and increasing adoption of 3D bioprinting for the production of medical products is expected to be one of the major factors contributing to market growth in this region.
  • The USA government is spending more on research and development, in order to come up with vaccines for conditions like Covid and other diseases. Due to this reason, there is an increasing demand for 3D bioprinting, as this technology has been reconnoitered for drug testing and organ transplantation.

Global 3D Bioprinting Sector

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Competitive Landscape

The Global 3D Bioprinting Market is highly competitive with ~100 players, including globally diversified players, regional players, and many country-niche players. Most of the regional players are the developers of 3D Bioprinting used in various end-user industries.

Country-niche players constitute ~25% of the total number of competitors, while regional players dominate representing ~45% of total competitors. Some of the major players in the market include Organovo Holdings, Inc., Inventia Life Science, Poietis, VIVAX BIO, LLC, CYFUSE BIOMEDICAL K.K., 3D Bioprinting Solutions, CELLINK , BICO - THE BIO CONVERGENCE COMPANY, CollPlant Biotechnologies Ltd., Aspect Biosystems Ltd., among others.

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Recent Developments Related to Major Players and Organizations

  • In March 2022, BICO Company AB, introduced the BIO CELLX, a revolutionary technology that automates 3D cell cultivation processes by utilizing prevalidated procedures.
  • In May 2021, 3D Systems, a US-based company engaged in offering 3D bioprinting technology announced the acquisition of Allevi Inc. Through the acquisition, 3D Systems plans to utilize Allevi’s expertise to develop applications in the future for the development of human organs in the long term and become a market leader in bioprinting.

Conclusion

The Global 3D Bioprinting Market witnessed a positive impact due to COVID-19 owing to the growing demand for 3D bioprinters from the healthcare and pharmaceutical industries. 3D bioprinters are the most common component of 3D bioprinting. Majorly, the living cells are used as material in the 3D bioprinting technology for carrying out clinical trials. Though the market is competitive with ~100 participants, regional players control the dominant share in the market and country-niche players also hold a significant share.

Note: This is an On-Demand/Planned report, so the figures quoted here for market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of 2 working weeks.

Ken Research has recently published report titled, Global 3D Bioprinting Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers the market size for each of the four regions' 3D Bioprinting market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

Component

  • 3D Bioprinters
  • Bioinks

Material

  • Living Cells
  • Hydrogels
  • Extracellular Matrices
  • Others

Application

  • Research Application
  • Clinical Application

Region

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)
  • LAMEA (Latin America, Middle East, Africa)

Key Players

  • Organovo Holdings, Inc.
  • Inventia Life Science
  • Poietis
  • VIVAX BIO, LLC
  • CYFUSE BIOMEDICAL K.K.
  • 3D Bioprinting Solutions
  • CELLINK 
  • BICO - THE BIO CONVERGENCE COMPANY
  • CollPlant Biotechnologies Ltd.
  • Aspect Biosystems Ltd.

For More Information on the Research Report, refer to below links: –

Global 3D Bioprinting Market: Ken Research

Wednesday, November 23, 2022

Key Insights on Competitive Landscape in Global 3D Bioprinting Market: Ken Research

 Few Global Players Dominate the Market despite the Presence of about ~100 Competitors Comprising a Large Number of Regional Players and Some Specialist Players, finds a recent market study on the Global 3D Bioprinting Market by Ken Research

3D bioprinting is a technology where bioinks, mixed with living cells, are printed in 3D to construct natural tissue-like three-dimensional structures. This technology can be used in various research areas, such as tissue engineering and new drug development.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

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Global Players Constitute ~30% of the Total Number of Competitors, While Regional Players Dominate Representing ~45% of Total Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the global 3D Bioprinting Market is competitive with ~100 players, including globally diversified players, regional players, and many country-niche players. The regional players comprise about ~45% in terms of the number of companies followed by global players with ~30% of the total competitors.

Global 3D Bioprinting Sector

High Demand for Tissues and Organs for Transplantation is expected to be the Primary Driver of the Market.

Detailed comparative analysis of key competitors available within the Research Study shows that major players such as Inventia Life Science, Poietis, VIVAX BIO, LLC, CYFUSE BIOMEDICAL K.K., 3D Bioprinting Solutions,  and others are highly focused on developing 3D bioprinting technologies that can be used across resaerch institutes and clinics. Furthermore, several companies and organizations are aggressively focusing on acquisitions and mergers with specialized players to invest in 3D Bioprintingproducts.

  • In November 2021, 3D Systems Corp., a pioneering 3D bioprinting company acquired Volumetric, one of the top startups in this niche segment. With the acquisition, the group plans to establish a world-class research capability in Houston, Texas, one of the leading life sciences regions in the world.
  • In June 2021, CollPlant Biotechnologies Ltd and 3D Systems, Inc. signed a co-development agreement for a 3D bioprinted regenerative soft tissue matrix for use in breast reconstruction procedures in combination with an implant.

Several Government Initiatives, Increased Partnerships and New Strategical Investments Led to Major Industry-Wide Developments and Acquisitions, in the industry.

  • In August 2022, The Indian Institute of Science partnered with Sweden-based Cellink, a global leader in developing 3D bioprinters, to set up a centre of excellence (CoE) for 3D bioprinting in India.

In May 2022, the administration of the USA president launched the AM Forward program, meant to further spur the growth of additive manufacturing (AM) in the country. The program will see the USA government and giant multinationals support 3D printing initiatives, small-and-medium sized enterprises (SMEs) in various ways.

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Key Topics Covered in the Report

  • Snapshot of Global 3D Bioprinting Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global 3D Bioprinting Market
  • Historic Growth of Overall Global 3D Bioprinting Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of Global 3D Bioprinting Industry
  • Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
  • Covid-19 Impact on the Overall Global 3D Bioprinting Market
  • Future Market Forecast and Growth Rates of the Global 3D Bioprinting Market and Segments
  • Analysis of Global 3D Bioprinting Market
  • Major Production/Supply and Consumption/Demand Hubs within Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

  • Organovo Holdings, Inc.
  • Inventia Life Science
  • Poietis
  • VIVAX BIO, LLC
  • CYFUSE BIOMEDICAL K.K.
  • 3D Bioprinting Solutions
  • CELLINK
  • BICO - THE BIO CONVERGENCE COMPANY
  • CollPlant Biotechnologies Ltd.
  • Aspect Biosystems Ltd.

Notable Emerging Companies Mentioned in the Report

  • Organovo
  • Prellis Biologics
  • Pandorum Technologies
  • Regenovo Biotechnology

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • 3D Bioprinting Manufacturers
  • 3D Bioprinting Suppliers
  • 3D Bioprinters Manufacturers
  • Bioinks Manufacturers
  • Living Cells Suppliers
  • Hydrogels Suppliers
  • Extracellular Matrices Suppliers
  • 3D Bioprinting Distributors
  • Emerging and Startup Companies in 3D Bioprinting
  • Different Types of 3D Bioprinting Manufacturing Hubs
  • Government Departments of Healthcare
  • Government Departments of Pharmaceuticals
  • Ministries and Departments of Bio-based Materials
  • Importers and Distributors of 3D Bioprinting

Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below: –

Global 3D Bioprinting Market: Ken Research

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Tuesday, November 22, 2022

3 Key Insights on the US$ 5 Bn Opportunity in Global 3D Bioprinting Market: Ken Research

 Driven by the Rising Demand for 3D Printing Technology in Healthcare and Pharmaceutical Sectors, The Global 3D Bioprinting Market is forecasted to Cross US$ 5 Bn By 2028 says Ken Research Study.

3D bioprinting is a technology where bioinks, mixed with living cells, are printed in 3D to construct natural tissue-like three-dimensional structures. This technology can be used in various research areas, such as tissue engineering and new drug development.

 “Ken Research shares 3 key insights on this high-opportunity market from its latest research study” 

1. Increasing Use of 3D Bioprinting in Pharmaceutical and Cosmetology Industries Provide an Opportunity for the Market Growth
According to Ken Research Analysis, the Global 3D Bioprinting Market was valued at ~US$ 1 billion in 2017. It is estimated to be ~US$ 2 billion in 2022 and is forecasted to reach a market size of ~US$ 5 billion by 2028, growing at a CAGR of ~15% from 2022 to 2028.

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Several pharmaceutical companies are increasingly adopting 3D bioprinting products and technologies in the drug discovery and development process. The 3D bioprinting method enables companies to test drugs safely and at lower costs as compared to the traditional drug testing method.

The use of 3D bioprinting increased in the cosmetics industry, with growing awareness of this technique among users. For instance, the European Commission banned animal testing for cosmetic products, as a result, a number of cosmetic and wellness industries have adopted 3D bioprinting to develop novel 3D tissue models as well as drug testing approaches.

2. The Rising Global Demand for Organs Transplants is Fuelling the Market Worldwide

3D printing is gaining popularity in the healthcare industry due to the potential to develop complex solid organs such as hearts, kidneys, and lungs for the purpose of transplantation. As opposed to the conventional replacement of failing or damaged organs, 3D-printed organs are unlikely to pose any hazards as there is the utilization of cells taken from the patient’s body.

3D bioprinting has great potential in the medical field, as it allows medical professionals to replace broken bones and develop new organs for transplantation. It also enables the printing of prosthetic limbs, which can be replaced in patients with missing limbs. Moreover, the 3D printing process enables faster development of organs and tissues as compared to the traditional process.

The graph below represents the total number of organ transplants performed vs the number of patients waiting for the transplants:

Global 3D Bioprinting Industry

3. Difficulty in Process Control and the High Cost of 3D Bioprinters are the Major Challenges Faced by the Market

Consistency in the additive manufacturing process is altered between machines due to uncontrolled process variables and material differences. There is only limited data available regarding process control, so the capacity to develop detailed and accurate mathematical models through additive manufacturing has become difficult.

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The 3D printers are very expensive compared to other printer models. One of the major factors is due to the initial investment to attain the 3D printer equipment. The factors such as material, model complexity, and labor affect the price of 3D printing. 3D printing can cost anywhere from $3 up to thousands of dollars.

The graph below represents some 3D bioprinters with their respective prices:

Worldwide 3D Bioprinting Market

Key Topics Covered in the Report

  • Snapshot of Global 3D Bioprinting Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global 3D Bioprinting Market
  • Historic Growth of Overall Global 3D Bioprinting Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of Global 3D Bioprinting Industry
  • Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
  • Covid-19 Impact on the Overall Global 3D Bioprinting Market
  • Future Market Forecast and Growth Rates of the Global 3D Bioprinting Market and Segments
  • Analysis of Global 3D Bioprinting Market
  • Major Production/Supply and Consumption/Demand Hubs within Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

  • Organovo Holdings, Inc.
  • Inventia Life Science
  • Poietis
  • VIVAX BIO, LLC
  • CYFUSE BIOMEDICAL K.K.
  • 3D Bioprinting Solutions
  • CELLINK
  • BICO - THE BIO CONVERGENCE COMPANY
  • CollPlant Biotechnologies Ltd.
  • Aspect Biosystems Ltd.

Notable Emerging Companies Mentioned in the Report

  • Organovo
  • Prellis Biologics
  • Pandorum Technologies
  • Regenovo Biotechnology

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • 3D Bioprinting Manufacturers
  • 3D Bioprinting Suppliers
  • 3D Bioprinters Manufacturers
  • Bioinks Manufacturers
  • Living Cells Suppliers
  • Hydrogels Suppliers
  • Extracellular Matrices Suppliers
  • 3D Bioprinting Distributors
  • Emerging and Startup Companies in 3D Bioprinting
  • Different Types of 3D Bioprinting Manufacturing Hubs
  • Government Departments of Healthcare
  • Government Departments of Pharmaceuticals
  • Ministries and Departments of Bio-based Materials
  • Importers and Distributors of 3D Bioprinting

Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below: –

Global 3D Bioprinting Market: Ken Research

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