How Big is the 3D Bioprinting Market?
The Global 3D Bioprinting Market is projected to grow at a CAGR of around 16% during the forecast period, i.e., 2023-28. The growth of the market is likely to be driven mainly by limited number of organ donors worldwide, which has instigated research organizations to develop complete organs inside laboratory setups, i.e., only possible through 3D bioprinting. Further, the mounting prevalence of kidney diseases, especially across North America & Asia-Pacific, is generating the need for kidney transplantation in case of a failure, thereby augmenting the demand for the development & fabrication of complex tissues & organs for replacement purposes.
Market Statistics
- Market Growth Rate (CAGR): 16% from 2023-2028
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3D Bioprinting Market Insight:
Driver-
Increasing Demand in Pharmaceutical & Cosmetology Industries – The increasing demand for 3D bioprinting by pharmaceuticals and cosmetic companies for drug or other product testing has been uplifting the growth of the market. Also, traditional drug testing methods take more than 10 years to take to the market and also involves high cost for testing over animal models. However, the models created with 3D bioprinting allow pharmaceutical companies to safely and economically carry out clinical drug testing procedures.
As a result, the companies are actively utilizing 3D models for drug testing through the incorporation of workflows with lower costs, which allows for the screening of a large number of drugs with smaller amounts of compounds. In addition, the 3D bio-printed models also allow for tackling the ethical issues that are linked to the use of animal models during drug testing. Hence, their usage is further increased to replace, reduce and refine the use of animals in medical research.
3D Bioprinting Market Segmentation:
The report has segmented the market into the following categories:
By Components
- Bioprinters
- Bioinks
By Technology
- Syringe/Extrusion Bioprinting
- Inkjet Bioprinting
- Magnetic Levitation Bioprinting
- Laser-assisted Bioprinting
- Others (Stereolithography, Fused Deposition Modelling, etc.)
By Application
- Pharmaceuticals
- Regenerative Medicine
- Cosmetics
- Oncology
- Others (Dental, Orthopaedic, etc.)
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Competitive Landscape:
- Cellink
- 3D Systems Corporation
- Regemat 3D
- Aspect Biosystems Ltd
- Cyfuse Biomedical KK
- Envision TEC GmbH
- RegenHU SA
- GeSIM GmbH
- Inventia Life Science PTY LTD
- Vivax Bio
- Poietis
- Advanced Solutions Life Sciences, LLC
- Collplant Biotechnologies Ltd.
- Regenovo Biotechnology Co. Ltd.
- Others.
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2023-2028)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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