From science fiction novels to Saturday Night Live, 3D Bioprinting has been making a lot of buzz, but a new report by Grand View Research Inc. is officially here to say that 3D Bioprinting is more than just pop culture fodder: it’s a legitimate global market, that is set to be worth a staggering $1.82 billion within less than 10 years.
Though scientists are still working to 3D print functional human organs, 3D bioprinting already has several real-world applications in toxicity testing, drug discovery, tissue engineering, consumer product testing, bone transplants and cosmetic dentistry, and, in the case of Russia’s 3D Bioprinting Solutions, a successful 3D printed thyroid transplant in a living mouse.
Key players in the 3D bioprinting market include Organovo, Cyfuse Biomedical, BioBots, Luxexcel Group, TeVido, Aspect Biosystems, 3Dynamics Systems, Stratasys, EnvisionTEC, and many others, which are included in our comprehensive roundup of the top 3D Bioprinters. Many of these key players have partnered with major research institutes and universities to further advance and refine their grafting and organ regeneration technologies.
According to the Grand View Research report, the global 3D bioprinting market size was valued at just $487 million in 2014. However, 2015 has seen numerous universities, research institutes, and even governments amp-up their research efforts in 3D bioprinted implants, organs and tissue regeneration. The rising prevalence of chronic illnesses, such as chronic kidney disease, as well as the increasing life span of individuals and a limited number of organ donors are considered to be key factors.