The market is being driven by the burgeoning requirement for tissue and organ transplants, increasing need for compliance with drug discovery standards, and the rapid advancements being made in medical technology across the world.

3D bioprinting provides platforms that can be used for drug discovery and drug development. The tissues produced via 3D bioprinting assist in improving drug efficacy. Moreover, the use of 3D bioprinting has also caused a sharp reduction in the time taken for clinical trials. In recent times, many 3D bioprinting companies and pharmaceutical organizations have announced collaborations with each other for testing drugs at the initial phase of drug development. Furthermore, many pharmaceutical organizations have initiated the testing of new drugs developed on 3D printing tissues, which is assisting them in expediting the drug discovery process.

Besides, the surging investments being made in research and development (R&D) projects in this domain are also driving the expansion of the 3D bioprinting market. Many industry players have introduced low-cost printers during the last few years. Moreover, technological advancements, such as the advent of laser bioprinting, are predicted to fuel the expansion of the market in the upcoming years. The market is categorized, on the basis of application, into 3D cell culture, tissue and organ regeneration, and pharmaceutical.

Out of these, the tissue and organ regeneration category dominated the 3D bioprinting market in the years gone by, and this trend is predicted to continue in the forthcoming years as well. On the other hand, the 3D cell culture category is predicted to exhibit the fastest growth in the market in the coming years. This will be because of the increasing R&D activities that are being carried out in the domain of stem cell research all over the world.

Globally, North America is predicted to contribute the highest revenue to the 3D bioprinting market throughout the forecast period. This is credited to the presence of well-developed healthcare infrastructure, rapid technological advancements, and the existence of major market players in the region. In addition, the surging population of geriatric people and the rising incidence of chronic diseases are also driving the growth of the market in the continent. The U.S. is predicted to hold the majority shares in the market in the future, primarily because of the surging R&D activities that are being carried out in the field of tissue engineering in the country.

Thus, it is clear that the demand for 3D bioprinting will skyrocket in the coming years, owing to the rising requirement for tissue and organ transplants, rapid technological advancements in the healthcare sector, and the growing incidence of chronic diseases across the world.

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