In a recent published report, Kenneth Research has updated the market report for 3D Bioprinting Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 3D Bioprinting Market products.
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The global 3D BioprintingMarketwas valued at USD 411.32 million in 2016 and is projected to reach USD 3394.93 million by 2025, growing at a CAGR of 26.43% from 2017 to 2025.
Three dimensional (3D) bioprinting is the utilization of 3D printing and 3D printing–like techniques to combine cells, growth factors, and biomaterials to fabricate biomedical parts that maximally imitate natural tissue characteristics.
1. Market Drivers
1.1 Growing Demand for Organ Transplantation
1.2 Rise in Public and Private Funding to Support 3D Bioprinting Research Activities
1.3 Increasing Use of 3D Bioprinting in the Drug Discovery Process
1.4 Growing Focus of Market Players on 3D Bioprinting
2. Market Restraints
2.1 Lack of Regulatory Guidelines Governing 3D Bioprinting
2.2 Dearth of Trained Professionals
1. Global 3D BioprintingMarket, by Material:
1.2 Extracellular Matrices
1.3 Living Cells
1.4 Other Biomaterials
2. Global 3D BioprintingMarket, by Application:
2.1 Research Applications
2.1.1 Drug Research
2.1.2 Regenerative Medicine
2.1.3 3D Cell Culture
2.2 Clinical Applications
2.2.2 Bone & Cartilage
2.2.3 Blood Vessels
3. Global 3D Bioprinting Market, by Technology:
3.1 Magnetic 3D Bioprinting
3.2 Laser-Assisted Bioprinting
3.3 Inkjet 3D Bioprinting
3.4 Microextrusion Bioprinting
4. Global 3D Bioprinting Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Organovo Holdings, Inc.
2. Envisiontec GmbH
3. Nano 3D Biosciences, Inc.
4. Cyfuse Biomedical K.K.
5. Regenhu Ltd.
6. Aspect Biosystems Ltd.
11. Regenovo Biotechnology Co., Ltd.
12. 3Dynamic Systems Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the 3D BioprintingMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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