Allevi Inc., Aspect Biosystems Ltd., and CELLINK ABto Emerge as Key 3D Bioprinting Market Players during 2020-2024 - A Technavio Exclusive Report

NEW YORK, March 10, 2021 /PRNewswire/ -- A latest market research report titled "3D Bioprinting Market by Solution (3D bioprinters, Bioprinting materials, and Services and ancillary equipment), Application (Human tissue and Organ generation, Medical testing, Dental, Prosthetics, and Others), and Geography (Asia, Europe, North America, and ROW)- Forecast and Analysis 2020-2024", published by Technavio forecasts the market to grow by USD 1.24 billion, at a CAGR of 19% during the forecast period.

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Growing deployment of 3D printing by organizations and rising collaboration among end-users will catalyze market growth

• There has been a significant increase in the demand for 3D bioprinting among organizations, laboratories, and universities in the recent years, creating a gap between the demand and supply of 3D printers.
• To meet the demand-supply gap, new market players are penetrating the market by offering low-cost and advanced 3D printers, which, in turn, is expected to propel the market growth.
• In addition, end-users are increasingly focusing on collaborating with each other to set up one advanced center for research organizations, bioengineering laboratories, and universities for knowledge sharing while minimizing over all set up costs. This will further fuel the market growth eventually.

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3D bioprinters accounted for the largest 3D bioprinting market share in 2019.

• Based on solution, the 3D bioprinting market is segmented into 3D bioprinters, bioprinting materials, and services and ancillary equipment.
• In 2019, the 3D bioprinters accounted for the largest share of the global market due to the technological advances in 3D bioprinters.

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North America is expected to show the highest growth during forecast period.

• Based on geography, the 3D bioprinting market is segmented into Asia, Europe, North America, and ROW.
• By 2024, North America will account for the highest growth due to improved healthcare infrastructure, high adoption of 3D bioprinting technologies in healthcare facilities, and the presence of established vendors.

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Prominent Player Analysis

• The 3D bioprinting market is fragmented with players categorized as pure-play, industry-focused and dominant players in this report.
• Vendors in the market are focusing on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
• This market forecast provides information on the competencies and capacities of these companies such as Allevi Inc., Aspect Biosystems Ltd., and CELLINK AB.
• In addition, the 3D bioprinting market forecast report by Technavio provides information on the production, sustainability, and prospects of several leading companies, including Cyfuse Biomedical K.K., EnvisionTEC GmBH, Organovo Holdings Inc., Poietis, REGEMAT 3D SL, regenHU Ltd., and VIVAX BIO LLC.

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