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3D Bioprinting Market 2024 - By Industry Size, Share Analysis , Revenue, Trends And Drivers For 2033
3D Bioprinting Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the 3D Bioprinting industry. This report on 3D Bioprinting market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The 3d bioprinting market size has grown rapidly in recent years. It will grow from $1.59 billion in 2023 to $1.9 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The growth in the historic period can be attributed to research and development funding, growth in chronic diseases, organ shortage, rise in pharmaceutical testing, growth in tissue engineering. The 3d bioprinting market size is expected to see exponential growth in the next few years. It will grow to $4.15 billion in 2028 at a compound annual growth rate (CAGR) of 21.6%.
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Key Market Players:
Organovo Holdings Inc., Allevi Inc., Cellink AB, Aspect Biosystems Ltd., 3D Systems Corporation, Cyfuse Biomedical KK, EnvisionTEC GmbH, Poietis SA, TeVido BioDevices.
Market Drivers:
According to the 3D Bioprinting Market Report 2024 by The Business Research Company, The increasing incidence of chronic diseases is expected to propel the growth of the 3D bioprinting market going forward. A chronic disease is a medical condition that persists over a long period typically for three months or more and often continues throughout a person's life. 3D bioprinting is utilized in creating tissue models for chronic disease research and potential organ replacement therapies. For instance, in September 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Therefore, the increasing incidence of chronic diseases is driving the growth of the 3D bioprinting market.
More information about the Global 3D Bioprinting Market Report -
https://www.thebusinessresearchcompany.com/report/3d-bioprinting-global-market-report
Market segments for 3D Bioprinting include:
1) By Component: 3D Bioprinters, Bioinks
2) By Material: Living Cells, Hydrogels, Extracellular Matrices, Other Materials
3) By Application: Research Applications, Clinical Application, Other Applications
4) By End User: Research Organization And Academic Institutes, Biopharmaceuticals Companies, Hospitals, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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