The global Bioinks Market generated US$ 115.7 million in revenue in 2021, and it is predicted that this market will grow at a CAGR of 18.6% to reach US$ 738.2 million by the end of 2032.
In 2021, sales of bioinks represented an 8.9% revenue share of the worldwide 3D bioprinting market.
From 2017 to 2021, the global market for bioinks grew at a CAGR of 12.6%.
Utilizing 3D printing, bioinks are a type of biomaterial used to create manufactured, artificial life tissues. Hyaluronic acid, gelatin, alginate, collagen, agarose, poly (ethylene glycol) diacrylate (PEGDA), and graphene are examples of various bioinks obtained from natural or synthetic sources that are vital in the formation of organs and skin regeneration.
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Why is the market for bioinks booming?
Growing Organ Failure Cases Fueling Demand for 3D-Printed Organs
Growing demand for 3D printed organs is being caused by an increase in organ failure instances that are occurring for a variety of reasons, including poor lifestyles, accidents, age, and burns. A potential solution to the global organ scarcity dilemma is the 3D bioprinting technology. Organ failure cannot yet be reversed by medication.
What might limit the growth of demand for bioinks?
Intellectual Property and Moral Issues
Major market restraints include tight rules for patent filing and intellectual property rights. With the aid of 3D printing and intellectual property clearance, synthetically developed human body organs are predicted to raise ethical, theological, and moral difficulties.
Future 3D printing developments are anticipated to pose significant difficulties because they have been linked to intellectual property theft. Additionally, implantable devices must go through the procedure of filing for approval in particular nations in order to gain FDA approval. The FDA filing failure rate for these devices is on the rise, which is bad news for the market’s expansion.
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Competitive Environment
Leading bioink manufacturers are working on cutting-edge goods. Major industry rivals are thus pursuing merger and acquisition tactics to expand their product lines. To increase their entire revenue, businesses are increasingly concentrating on the growth of corporate alliances.
For illustration:
A bioink called Collink.3DTM was introduced by CollPlant in November 2021 for use in the 3D bioprinting of human tissues, scaffolds, and organs.
Advanced BioMatrix, which boasts a market-leading product range in bioinks and reagents, was acquired by BICO in August 2021.
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Key Segments Covered in Bioinks Industry Research
By Material:
- Agarose
- Alginate
- Chitosan
- Collagen
- Fibrinogen
- Gelatin
- Hyaluronic Acid
- Graphene
- Hydroxyapatite
- Cell- and tissue-derived ECM
- Poly (Ethylene Glycol) Diacrylate (PEGDA)
- Others
By Source:
- Natural Bioinks
- Synthetic Bioinks
By Printing Modality:
- Extrusion-based Bioprinting
- Inkjet-based Bioprinting
- Laser-based Bioprinting
By Application:
- Tissue Engineering & Regenerative Medicine
- Tissue Transplantation
- Pharmaceuticals and High-throughput screening
By Organ:
- Human Ear
- Kidney
- Liver
- Heart
- Skin
- Cartilages
- Bones
- Stem Cells
- blood vessels
- Cancer Research
- Lungs
- Muscles
- Others
By End User:
- Medical Device Manufacturers
- Pharmaceutical Companies
- Research & Academic Institutions
- Contract Research Organizations
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East & Africa
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