3D Bioprinting Market Forecast 2023-2032: Size, Key Players And Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest 3D bioprinting market share in 2022.
The global 3D bioprinting market size will grow from $1.32 billion in 2022 to $1.54 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. The 3D bioprinting market size is expected to grow to $3.14 billion in 2027 at a CAGR of 19.5%.
Major Driver In The 3D Bioprinting Market – Rise In Governments And Private Funding
For example, Readily3d SA, a Swiss bioprinting startup, received $600,000 from the European Union in May 2021 to produce a living miniature model of the pancreas using their Tomolite 3D bioprinting process. Curtin University was awarded $737,690 by the Australian Minister for Health in June 2020 to develop and optimize 3D technology for bioprinting skin tissue directly onto model wounds as a precursor to human skin repair.
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Key 3D Bioprinting Market Segments
1) By Component: 3D Bioprinters, Bioinks
2) By Material: Living Cells, Hydrogels, Extracellular Matrices, Other Materials
3) By Application: Research Applications, Clinical Application, Other Applications
4) By End User: Research Organization And Academic Institutes, Biopharmaceuticals Companies, Hospitals, Other End Users
Recent 3D Bioprinting Market Trend – Adopting Artificial intelligence
In June 2021, for example, researchers from Queensland University of Technology’s (QUT) Center in Transformative Biomimetics in Bioengineering and Oregon University incorporated AI and machine vision into 3D printers to make bespoke medical implants. Furthermore, in September 2020, Rice University researchers employed AI to accelerate the generation of 3D printed bioscaffolds that aid in the healing of injuries.
3D Bioprinting Market Prominent Players
Major players in the 3D bioprinting market are Organovo Holdings Inc., Allevi Inc., Cellink, Aspect Biosystems Ltd., 3D Systems Corporation, Cyfuse Biomedical KK, Envisiontec Inc., Poietis, TeVido BioDevices, Nano3D Biosciences Inc., Digilab Inc., RegenHU, GeSIM GmbH, Advanced Solutions Life Sciences LLC, Regenovo Biotechnology Co. Ltd., Regemat 3D S.L., Bio3D Technologies, Stratasys Ltd., ROKIT Healthcare, Inventia Life Science PTY Ltd., Vivax Bio LLC, GE Healthcare, and 3D Biotek.
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The 3D Bioprinting Global Market Report 2023 provides a comprehensive overview on the 3D bioprinting market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the 3D bioprinting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
3D Bioprinting is a sort of additive manufacturing that uses cells and other biocompatible materials like inks, sometimes known as bio-inks, to print live structures layer by layer, simulating the behavior of actual living systems. 3D bioprinting materials are primarily employed in pharmacological research and, more recently, as cell scaffolds to aid in the regeneration of injured ligaments and joints.
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