London, 03 September 2014 – TechNavio, a global tech-focused research firm has expanded its research library with the addition of a new report on the Global 3D Bioprinting Market 2014-2018.
About 3D Bioprinting
3D bioprinting is used to produce tissue in a variety of formats from micro-scale tissue to standard multi-well tissue, where cell functions and viabilities are preserved within the printed construct.
The 3D micro-engineered environments have opened new channels for drug screening and fundamental studies of wound healing, angiogenesis and stem-cell niches. It is helping reduce the risk of drug failure during pre-clinical trial testing, thus minimizing the complications related to human trials. The growing demand of organ transplantation and drug discovery process is expected to strengthen the market over the next four years.
According to the latest TechNavio report, the Global 3D Bioprinting market is growing rapidly at a CAGR of 14.52 percent from 2013-2018. The market shows immense potential to grow, as technological advances can be customized to the needs of the patient. Some key players in the market include:
- 3D Systems Inc.
- Envision TEC
- Organovo Holdings Inc.
- Stratasys Inc.
The TechNavio report highlights innovations in the healthcare industry that are leading to development of equipment with up-to-date technology. In addition, the introduction of less expensive and more effective therapies is also leading to an increase in awareness about 3D bioprinting.
“Many cosmetic and pharmaceutical companies are collaborating with 3D bioprinting companies to ease the drug discovery process and avoid testing on animals. For instance, Roche collaborated with Organovo to produce liver tissue, which is helping Roche produce a toxin-free drug. Innovations like this will be a huge factor affecting market growth over the next four years,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2018
- Key Geographies and Customer Segments
- Market Growth Drivers
- Market Challenges
- Market Trends
- Key Buying Criteria
- Key Vendors
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