Press release
3D Bioprinting Market: Research Methodology and Scope
The 3D Bioprinting Market size was valued at USD 1.39 Bn. in 2022 and the total revenue is expected to grow by 20.07% from 2023 to 2029, reaching nearly USD 5.01 Bn.3D Bioprinting Market Market Report Scope and Research Methodology
Report Scope: The Maximize Market Research Pvt Ltd report offers an extensive examination of the global 3D Bioprinting Market, predicting its growth in terms of USD value from 203 to 2029. This comprehensive report delves into current industry trends, future forecasts, and investment opportunities, providing valuable insights for potential investors. It also includes a thorough analysis of market share, key drivers, restraints, and growth prospects. The report utilizes quantitative analysis to illustrate the market's potential for global expansion from 2023 to 2029. Additionally, Porter's five forces analysis sheds light on the market dynamics.
Research Methodology: Our research process combines historical data, technological advancements, government policies, competitive landscapes, and current market trends. Primary and secondary data collection methods are employed to provide comprehensive insights. Secondary sources include annual reports, press releases, industry associations, governmental agencies, and customs data, accounting for approximately 25% of the data sources. The report's data is thoroughly researched, validated through primary research, and reviewed to deliver accurate quantitative and qualitative findings. Market engineering, bottom-up techniques, and data triangulation methodologies are used to estimate the market and forecast market segments and sub-segments.
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What are 3D Bioprinting Market Market Dynamics?
The emergence of new pathogens, such as the COVID-19 pandemic, has accelerated the need for rapid drug development and treatments. Traditional drug development processes, which typically take 10-15 years, are too slow to combat new pathogens like SARS-CoV-2. As a result, technologies like 3D bioprinting are gaining traction for expediting drug discovery. The success rate of drugs entering clinical trials currently stands at approximately 10%, making 3D bioprinting of human tissues a potential model for more precise results.
3D Bioprinting Market Market Segmentation:
Using Technology Insights, The printing of complex live organs or tissues on culture substrates was made possible by the use of biomaterials utilized as bio-inks, with the inkjet-based category having the highest revenue share of 36.0% in 2022. One of the driving forces behind the development of this market is the extensive usage of inkjet printing in the medical sector. This study focuses on the topics of tissue engineering, drug delivery systems, and inkjet printing as a bio-applicable technology. This market segment is anticipated to exhibit significant development over the course of the projected period as a result of its improved reliability and rising demand.
The 3D Bioprinting Market is divided into three material categories: hydrogels, live cells, and extracellular matrices. The live cells segment topped other material type categories in terms of the largest revenue share in the global market in 2020. The expansion of regenerative medicine research and development initiatives, the rise in public and private financing for stem cell research, and the rapid adoption of third-generation 3D bioprinting technology are the primary factors impacting this segment's revenue growth. Additionally, it is seen that the Hydrogel segment dominated the precated period. Due to their watery and 3D networked environments, recently created hydrogel have been suggested as a potential choice for the bio-ink formulations of 3D bioprinting.
Through application, The medical application category dominated the total 3D bioprinting market in 2022 with a 36.8% market share. It is projected to increase at a CAGR of 15.5% over the course of the projection period. Due to the extensive usage of pharmaceutical tablets to treat a number of chronic illnesses, the market for 3D bioprinting is growing. The segment is also fueled by the rising pharmaceutical demand and effective use of bio-drugs in this technology. Both the need for pharmaceutical products and the number of industry participants are expanding. As a result, it is predicted that this market segment would expand profitably during the course of the projection.
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Who are 3D Bioprinting Market Market Key Players?
• EnvisionTEC, Inc.(US)
• Organovo Holdings, Inc.(US)
• Vivax Bio, LLC(US)
• Cellink Global(US)
• Advanced Solutions Life Sciences, LLC(US)
• Allevi(US)
• Revotek co., ltd.(US)
• Precise Bio(US)
• Inventia Life Science PTY LTD( Australia)
• Poietis(France )
• Cyfuse Biomedical K.K.(Japan)
• 3D Bioprinting Solutions(Russia)
• Regemat 3D S.L.(Spain)
• Bico group ab,(Sweden)
• Collplant Biotechnologies Ltd.(Israel)
• Regenhu(Switzerland)
• Aspect Biosystems Ltd.(Canada)
• Rokit Healthcare, inc.(South Korea)
Table of Content: 3D Bioprinting Market Market
Part 01: Executive Summary
Part 02: Scope of the 3D Bioprinting Market Market Report
Part 03: Global 3D Bioprinting Market Market Landscape
Part 04: Global 3D Bioprinting Market Market Sizing
Part 05: Global 3D Bioprinting Market Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Insights:
The Asia Pacific region, with a revenue share of 23.7% in 2022, is expected to maintain its leadership throughout the forecast period. Japan and China have accounted for the highest revenue share in the region, driven by increased government R&D spending and a surge in COVID-19 cases. North America, with a 31.8% revenue share in 2022, is also projected to dominate the market due to the growing adoption of IT in the healthcare sector and increased investments in research and development.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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