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3D Bioprinting Market Trends, Size, Segments, Emerging Technologies and Industry Growth by Forecast to 2030 | MRFR

Oct 17, 2023 1:59 PM ET

3D Bioprinting Market Trends, Size, Segments, Emerging Technologies and Industry Growth by Forecast to 2030 | MRFR

Market Overview

The 3D bioprinting market size was valued at USD 1.9 billion in 2022 and is projected to grow from USD 2.19 Billion in 2023 to USD 5.17 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.40% during the forecast period (2023 – 2030).

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Market Dynamics

The 3D bioprinting market is growing due to the increasing technological advancements in the healthcare and pharmaceutical industries. Several government regulations to improve healthcare and increasing investments in R&D are also significant factors driving the market. Healthcare is one of the major markets where 3D bioprinting has been bringing seismic change. This trend is major because of the increasing investments in healthcare applications, such as model and organ prototyping and production worldwide, and growing innovations in healthcare through 3D printing.

The global market for transplantable organs and tissues is substantial. Worse, there is a major disparity between supply and demand when it comes to organs and tissues. There are only a handful of organs that can be transplanted: the liver, pancreas, lungs, heart, and kidneys. Even though there is a growing demand for tissues and organs, the donation rate has remained steady. The rising number of patients on the transplant waiting list is a major problem for healthcare organizations and providers due to the shortage of these components for transplantation. As a result, the demand for this respiratory epithelium is expected to drive the 3D bioprinting industry forward. Because of this, the global 3D bioprinting industry has recently seen an improvement in its CAGR. In their pursuit of new treatments, many pharmaceutical companies are rapidly adopting 3D bioprinting products and technology.

Competitive Analysis

The key players are REGENHU Ltd. (Switzerland), Nano3D Biosciences Inc. (U.S.), FUJIFILM Wako Automation Corporation (U.S.), Organovo Holdings Inc. (U.S.), Allevi (U.S.), Regenovo Biotechnology Co. Ltd. (China), Stratasys Ltd. (U.S.), Aspect Biosystems Ltd. (Canada), Poietis (France), EnvisionTEC GmbH (Germany), Cellink AB (Sweden), Cyfuse Biomedical K.K. (Japan)

Market Segmentation

Based on technology, the market segments of 3D Bioprinting includes micro extrusion bioprinting, inkjet 3D bioprinting, laser-assisted bioprinting, and magnetic 3D bioprinting.

Based on Material, the global 3D Bioprinting market segmentation includes living cells, hydrogels, and extracellular matrices.

The market data of 3D Bioprinting has been bifurcated by application into research applications and clinical applications. 

Based on End Users, the global 3D Bioprinting industry has been segmented into Pharmaceutical & and biotechnology companies, Research Organizations & Academic Institutes. 

Regional Analysis

By the end of the forecast period in 2022, the North American 3D bioprinting market is projected to be worth USD 0.87 billion. As healthcare makes greater use of technology, the market is expected to expand over the forecasted time frame.

Europe’s 3D bioprinting market is the world’s second-largest due to expanding R&D activities, rising demand for organ transplants, and rising efforts by market participants to expand their position in this field. The 3D bioprinting market expanded the most rapidly in the UK among European countries, although Germany maintained the largest share.

The Asia-Pacific region is expected to have the fastest-growing 3D bioprinting market between 2022 and 2030. Due to the large size of its consumer base, the growth of research and development in this area, government backing, and tax incentives. Additionally, China and India’s 3D Bioprinting marketplaces held the largest shares and fastest growth rates, respectively, in the Asia-Pacific region.

Browse In-depth Market Research Report (163 Pages) on 3D Bioprinting:

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