3D Bioprinting for Life Science R&D Market Overview
3D printing first got widespread public attention in 2013, when it was specifically mentioned by President Obama in his State of the Union Address. 3D printing is a manufacturing process where an object is created with the help of a layer-by-layer material approach. Each layer can be considered a thin horizontal cross-section of the final product. It uses Computer Aided Design (CAD) i.e. a digital blueprint to create rapid prototypes, spare parts and final products. 3D printing uses materials like thermoplastics, plastic composites, metals, alloys, ceramics etc. 3D printing as an end-use manufacturing technology is still not fully developed but it has the potential to transform the conception, manufacturing and logistics processes.
The 3D Bioprinting for Life Science R&D Market can revolutionise the life sciences industry. For pharmaceutical companies, 3D bioprinting technology advances can solve the key issue of innovation in R&D drug discovery. According to medical experts, pharmaceutical companies in the future will not sell drugs but chemical inks, applications and blueprints. Organisations would have to completely rethink their development and manufacturing models, as well as the way they handle customer relationships.
3D Bioprinting for Life Science R&D Market Drivers
The drug testing market is likely to be the main driver of the 3D Bioprinting for Life Science R&D Market. Since 2011, a group of U.S government agencies have been investing in something known as ‘Human on a chip’ or ‘Body on a chip’. The objective is to create a miniature human organ system that mimics the bodily response to harmful agents, enabling the development of potential therapies. The pharmaceutical industry could use such equipment to test drugs more efficiently due to human stem cells and at a much lower cost. It would also be less risky.
The second 3D Bioprinting for Life Science R&D Market driver could be patients wanting to print personalised medicine at home which matches their genetic profile or medical history. This may well be one of the most profound business transformations in the pharmaceutical industry. While it is still in the early stages, the cost advantages and the quality outcome could be massive indeed.
3D Bioprinting for Life Science R&D Market Restraints
There can be several constraints for the 3D Bioprinting for Life Science R&D Market. They are described below –
3D Bioprinting for Life Science R&D Market Key Regions
The largest 3D Bioprinting for Life Science R&D Market is the U.S, followed by Europe and the Asia Pacific.
3D Bioprinting for Life Science R&D Market Key Market Players
A few companies involved in the 3D Bioprinting for Life Science R&D Market are EnvisionTEC, Regenovo, Organovo, 3D Systems, 3D Biotek, Advanced Biomatrix, Bespoke Innovations, Digilab and Nano3D Biosciences.
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