PUBLISHER: Meticulous Research | PRODUCT CODE: 1576514
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576514
3D Bioprinting Market by Product (Bioprinter, Bioinks, Materials [Hydrogels, Cells, Biomaterials], Software), Technology (Inkjet, Extrusion, Laser, SLS), Application (Cancer Research, Tissue Engineering, Drug Discovery), End User-Global Forecast to 2030.
The 3D bioprinting market is projected to reach $5.21 billion by 2030 at a CAGR of 17.1% from 2024 to 2030.
Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report comprises the analysis of key industry drivers, restraints, challenges, and opportunities. This growth is due to the technological advancements in 3D bioprinting, the rising geriatric population coupled with the growing burden of chronic diseases, and increasing R&D investments. However, the lack of skilled professionals and high costs associated with 3D bioprinting restrain the growth of this market.
Furthermore, the increasing demand for organ transplantation is expected to generate growth opportunities for the players operating in this market. However, concerns regarding intellectual property rights and safety issues associated with the use of 3D bioprinted products are major challenges impacting market growth.
The report offers a competitive landscape based on an extensive assessment of the product portfolio offerings, geographic presence, and key strategic developments adopted by leading market players in the industry over four years (2020-2024). The key players operating in the 3D bioprinting market are Organovo Holdings Inc. (U.S.), BICO Group AB (Sweden), Aspect Biosystems Ltd. (Canada), Cyfuse Biomedical K.K. (Japan), Advanced Solutions Life Sciences, LLC (U.S.), CollPlant Biotechnologies Ltd. (Israel), regenHU Ltd. (Switzerland), Poietis (France), REGEMAT 3D, SL (Spain), 3DBio Therapeutics (U.S.), and Foldink Life Science Technologies (Armenia).
Among all the products studied in this report, in 2024, the bioprinters segment is expected to account for the largest share of the 3D Bioprinting market. 3D bioprinters produce tissues and organ patches from a patient's cell, which can reduce the chance of rejection, create patient-specific treatment, and reduce the need for animal testing. Further, technological advancements in bioprinters help researchers to focus on various applications and save time and money developing an internal system are the factors that contribute to the large market share of this segment in the 3D bioprinting market.
Among all the applications studied in this report, in 2024, the cancer research segment is expected to account for the largest share of the 3D bioprinting market. The large market share of this segment is attributed to the rising prevalence of cancer. According to GLOBOCAN, in 2020, 19.3 million cancer cases were diagnosed all over the world. The number of cases is expected to increase to 24.5 million by 2030. Cancer models that replicate the tumor microenvironment are produced using 3D bioprinting. This may assist with cancer medication screening and contribute to a greater understanding of cancer.
Among all the end users studied in this report, in 2024, the pharmaceutical and biotechnology companies segment is expected to account for the largest share of the 3D Bioprinting market. The large market share of this segment is attributed to the substantial investments in R&D made by pharmaceutical and biotechnology companies to introduce innovative therapies and treatments. According to the Congressional Budget Office data published in April 2021, the pharmaceutical industry spent USD 83 billion on research and development in 2019, highlighting the significant investment in this field.
An in-depth analysis of the geographical scenario of the 3D bioprinting market provides detailed qualitative and quantitative insights into the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. In 2024, North America is expected to account for the largest share of the 3D bioprinting market. In the region in 2024, the U.S. is expected to account for the largest share of the 3D Bioprinting market in North America. The large share of this regional market is attributed to the rapid adoption of 3D bioprinters in various cancer research studies, advanced research infrastructure, and availability of funding to support life science research.
3D Bioprinting Market Assessment-by Product
(Note 1: Other technologies include Digital Light Processing (DLP), Injection pore filling (IPF), and Injection volume filling (IVF)
Note 2: Other materials include synthetic polymers, composites, and nanocellulose.)
3D Bioprinting Market Assessment-by Application
Note: Other applications include organ transplantation, tissue, and disease modeling.
3D Bioprinting Market Assessment-by End User
3D Bioprinting Market Assessment-by Geography
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)