The 3D bioprinting market is estimated to be worth US$ 1.9 billion in 2022 and US$ 8 billion by the end of 2032. During the projected period of 2022 to 2032, the market is anticipated to grow at a CAGR of 15%. Due to the increasing need for organ transplants and technological advancements in these devices, 3D bioprinters held a larger market share in 2021.
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The need for 3D bioprinting in the global healthcare industry has grown during the past few years. These materials are utilised to create tissues and produce organs, which are then used to create medical implants and conduct medication research and development. A pioneer in the healthcare or medical vertical is expected to emerge from the embryonic 3D bioprinting market, which is used to create a replacement for human tissue.
The capacity of the technique to test possible medication compounds on bioprinted tissues before being utilised on humans allows for accurate and quick drug testing. Academicians from all around the world are beginning to pay more attention to 3D bioprinting. A number of researchers have started up businesses with the intention of commercialising the technology in the ensuing years. Many start-up businesses are making the effort to develop a range of products based on bioprinting technology.
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Competitive Landscape
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- The market at present has 14 industry sponsored bioprinters, focused on a variety of commercial applications. The widen supply-demand gap for organ transplants is an unmet need; the ultimate goal of researchers is to be able to create bioprinted organs for organ transplants.
- The market of 3D bioprinting particularly focuses on commercial bioprinters and those under development, their applications and the expected future evolution. It is widely predicted that the 3D bioprinting market has great potential. It requires biocompatible materials (bio-ink and bio-paper), software (CAD), and hardware (bioprinters); each has the capability to grow into separate niche industries.
- The focus of this market is expected to shift from research to commercialization. At this stage, the applications such as tissue engineering (skin and cartilage) and drug testing (skin and cartilage) are expected to be popular.
- In coming years, 3D bioprinting to be a multi-billion dollar industry owning to the early success of bioprinted organ transplants is expected to offer an additional boost in subsequent years. The next generation of bioprinters is to offer additional features such as multiple arms and is expected to be comparatively more affordable driving wider adoption.
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3D Bioprinting Market Industry Research by Category
By Component:
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- 3D Bioprinters
- Bioinks
By Application:
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- Research Applications
- Clinical Applications
By End User:
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- Research Organization and Academic Institutes
- Biopharmaceutical Companies
- Hospitals
By Region:
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- North America
- Europe
- Latin America
- East Asia
- The Middle East & Africa
- South Asia & Pacific
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