3D Bioprinting Market Size Revenue Hits $9.3 Billion by 2032, at a Staggering 20.90% CAGR

[235 + Pages Latest Research Report] According to a market research study published by The Brainy Insights, the demand analysis of global 3D bioprinting market size & share revenue was valued at around USD 1.4 billion in 2022 and is estimated to grow about USD 9.3 billion by 2032, at a CAGR of approximately 20.90% between 2023 and 2032. Asia-Pacific is the fastest-growing market for 3D bioprinting, owing to a robust customer base that may push the need for 3D bioprinting, the vast scope of 3D printing in medical benefits, rising research and development activities.

Newark, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 1.4 Billion in 2022 3D bioprinting market will reach USD 9.3 Billion by 2032. Assuming that 3D bioprinting enables pharmaceutical companies to test medications more affordably. Nevertheless, 3D bioprinting enables pharmaceutical companies to test a medicine in a matter of hours as opposed to the more time-consuming conventional procedure. In addition, the use of animals for drug testing is rapidly reduced by the use of 3D-printed medical devices.

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Key Insight of the 3D Bioprinting Market

Asia Pacific emerged as the most significant market, with 37.4% market revenue share in 2022.

Asia Pacific dominated the market, with a market share of around 37.4% in 2022. A strong customer base that may drive the demand for 3D bioprinting, the extensive range of medical benefits of 3D printing, rising 3D printing research and development, and government subsidies and tax incentives all contribute to Asia-Pacific becoming the region with the fastest-growing market for 3D bioprinting. China is catching up to other developed nations with established economies, such as Europe and North America, in terms of 3D printing.

The inkjet bioprinting segment accounted for the largest market share of 27% in 2022.

The inkjet bioprinting segment dominated the market, with a market share of around 27% in 2022. Using biomaterials like bio-inks, the method enables the printing of complex tissues or living organs on culture substrates. The widespread use of inkjet printing in the medical industry is a factor in the growth of this market.

The clinical application segment accounted for the largest market share of 25% in 2022.

The clinical application segment dominated the market, with a market share of around 25% in 2022. The clinical applications domain includes the blood arteries, skin, bone, cartilage, and various clinical applications. In terms of revenue, the clinical applications segment is expected to dominate the global market.

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Market Dynamics

Driver: Bioprinting Could Control Cell Rejection

The process of printing human tissue is typically challenging, but the likelihood of finding a donor who provides consistent tissue cells is limited. If a foreign cell is found, incompatibility may cause the immune system to attack the body. This implies that organ transplantation may be challenging. Having difficulties may result from the body rejecting the new addition.

Restraint: Fixed Materials

While a variety of metals and plastics can be used to create objects using 3D printing, the range of available raw materials is not infinite. This is because not all metals or plastics can be sufficiently heated to allow for 3D printing, which means that many of these printable materials cannot be recycled and not all materials are safe for food.

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Some of the major players operating in the 3D bioprinting market are:

• 3D Bioprinting Solutions
• Allevi
• Cellink Global
• Cyfuse Biomedical K.K.
• EnvisionTEC, Inc.
• Inventia Life Science PTY LTD
• Organovo Holdings, Inc.
• Poietis
• Regemat 3D S.L.
• Vivax Bio, LLC

Key Segments cover in the market:

By Technology:

• Magnetic Levitation Bioprinting
• Inkjet Bioprinting
• Syringe/Extrusion Bioprinting
• Laser-Assisted Bioprinting

By Screen Size:

• Drug Testing and Development
• Regenerative Medicine
• Clinical Application
• Food Testing
• Research

By Region

• Asia Pacific (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

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About the report:

The market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.

About The Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.

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