3D Bioprinting Market Research Report: Forecast (2023-2028)
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.
3D bioprinting technology is also used for printing prosthetic limbs to replace missing limbs in individuals during treatment. It also leaves a lesser chance for graft rejection by host immunity while transplantation, as it utilizes the cells derived from the host’s blood. Hence, with the mounting need for research work & organ printing, the demand for 3D bioprinting components has increased significantly worldwide.
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Market Dynamics
Global 3D Bioprinting Market Growth Opportunity: Use of 3D Bioprinting for Personalized and Precision Medicine Development
The use of 3D bioprinters in the biofabrication of personalized medicines like drug delivery devices, biomedical implants, and biosensors, is anticipated to create a great opportunity for the growth of the Global 3D Bioprinting market. There is an intensifying demand for personalized and precision medicines that are incorporated with living cells or biomaterials, owing to their features like biocompatible and non-cytotoxic. Therefore, the use of 3D bioprinters is enhancing significantly, as they allow personalized drugs to safely interact with a patient’s biological system, and they also help in the reduction of side effects linked with these medicines. For instance,
In 2020, a group of Finnish researchers used Cellink’s BIO X bioprinter for bioprinting of a cardiac patch to identify the efficacy of drug delivery to those who suffered from Myocardial Infarction, for almost 5 months to regenerate the heart’s myocardium muscles.
Hence, the use of 3D bioprinters for the biofabrication of personalized medicines like cardiac patches, cancer patches, wound-healing patches, etc., would be a great opportunity for the growth of the market.
Leading Companies in 3D Bioprinting Market:
-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
Segmentation of the Industry
The 3D Bioprinting Market is highly fragmented and bifurcates into the following segmentations:
By Components
-Bioprinters
-Bioinks
By Technology
-Syringe/Extrusion Bioprinting
-Inkjet Bioprinting
-Magnetic Levitation Bioprinting
-Laser-assisted Bioprinting
-Others (Stereolithography, Fused Deposition Modelling, etc.)
- Here, inkjet-based bioprinting witnessed substantial growth during the historical years, owing to its highest demand coming from the healthcare industry.
By Application
-Pharmaceuticals
-Regenerative Medicine
-Cosmetics
-Oncology
-Others (Dental, Orthopaedic, etc.)
- Of them all, Store-based Retailing captured the substantial share of the India Apparel & Footwear Market during the historical years & is expected to experience significant growth in the forecast years as well.
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Regional Landscape
On the geographical front, the 3D Bioprinting Market expands across the following:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
- Across the geographies, North America accounted for the major share in the Global market during 2018-2022.
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