Meticulous Research®—a leading global market research company, published a research report titled ‘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.’
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According to this latest publication from Meticulous Research®, the 3D bioprinting market is projected to reach $5.21 billion by 2030, at a CAGR of 17.1% during the forecast period. The field of 3D bioprinting has experienced significant technological advancements, with applications encompassing from the expansion of epidermal layers to the fabrication of tissues and bones, liver modelling & cancer treatments. The development of bodily tissues is one of the many medicinal applications made possible by these innovations. The possible uses of 3D bioprinting for drug screening and clinical trials is one of the main developments in the field, and it is anticipated to significantly lessen the need for animal testing.
The growth of this market is driven by technological advancements in 3D bioprinting, the rising geriatric population coupled with the growing burden of chronic diseases, and increasing R&D investments. Additionally, increasing demand for organ transplantation is expected to offer significant market growth opportunities.
However, the lack of skilled professionals and the high cost associated with 3D bioprinting restrain the growth of this market. Additionally, the concerns related to the use of 3D bioprinted products pose a significant challenge to the market's growth.
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).
3D Bioprinting Market: Future Outlook
The 3D Bioprinting market is segmented based on Product (Bioprinters, Bioinks, Materials [Hydrogels, Extracellular Matrices, Living Cells, Biomaterials, Other Materials], Software, Accessories and Consumables), Technology (Extrusion-based, Inkjet-Based, Stereolithography (SLA), Laser-Based, Fused-deposition modeling (FDM), Selective laser sintering (SLS), Other Technologies), Application (Cancer Research, Regenerative Medicines, Drug Discovery and Testing, Tissue Engineering, Biomaterials and Cells Research, Other Applications), End User (Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, Contract Research Organizations (CROs)), and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on the products, the 3D bioprinting market is segmented into bioprinters, bioinks, materials software, accessories, and consumables. In 2023, the bioprinters 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 technological advancements in 3D bioprinting, growing demand for organ transplantation due to organ failure, and improved post-transplant outcomes.
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Based on the technologies, the 3D bioprinting market is segmented into extrusion-based, inkjet-based, stereolithography (SLA), laser-based, fused-deposition modeling (FDM), selective laser sintering (SLS), and other technologies. In 2023, the inkjet-based segment is expected to account for the largest share of the 3D bioprinting market. Using bio-inks or biomaterials, an inkjet 3D bioprinter enables the printing of intricate tissues and living organs on culture media. High adoption of inkjet-based printing in the research field and increasing demand for higher durability of the structures, contribute to the large market share of this segment in the 3D bioprinting market.
Based on the applications, the 3D bioprinting market is segmented into cancer research, regenerative medicines, drug discovery and testing, tissue engineering, biomaterials and cell research, and other applications. In 2023, 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 increasing cancer research funding and developments in 3D bioprinting technology to create three-dimensional tissue that constructs and replicates the distinctive characteristics of cancers. This can support cancer medication screening and assist researchers in understanding cancer better.
Based on the end user, the 3D bioprinting market is segmented into pharmaceutical and biotechnology companies, academic and research institutes, and contract research organizations (CROs). In 2023, 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 can be attributed to various technological advancements in 3D bioprinting that help pharmaceutical and biotechnology industries improve precision medicine and drug testing and increase new product launches of 3D bioprinters and bioinks. For instance, in July 2023, CD Bioparticles (U.S.) launched a new line of bioinks for 3D bioprinting. The new bioinks are biocompatible and highly adaptable, which makes them perfect for a variety of uses, such as tissue engineering, medicine delivery, and the creation and development of 3D biological models.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the 3D bioprinting market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest market shareholder in North America. North America’s major market share is attributed to the highly developed healthcare infrastructure and the presence of major market players such as Organovo Holdings Inc. (U.S.) and BICO Group AB (Sweden).
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Key questions answered in the report:
• Which are the high-growth market segments in terms of product, technology, application, end user, and region/country?
• What was the historical market size for 3D bioprinting across the globe?
• What are the market forecasts and estimates for 2023–2030?
• What are the major drivers, restraints, and opportunities in the global 3D bioprinting market?
• Who are the major players in the global 3D bioprinting market?
• What is the competitive landscape like, and who are the market leaders in the global 3D bioprinting market?
• What are the recent developments in the 3D bioprinting market?
• What strategies are adopted by the major players in the 3D bioprinting market?
• What are the geographical trends and high-growth regions/countries?
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