Press release
3D Bioprinting Market Poised to Surpass $5.21 Billion Valuation by 2030
Meticulous Research®, a distinguished global market research company, has unveiled a groundbreaking 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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This latest publication from Meticulous Research® underscores the 3D bioprinting market's remarkable trajectory, projecting a valuation of $5.21 billion by 2030 at a compelling CAGR of 17.1% during the forecast period. The report delves into the profound technological strides within 3D bioprinting, showcasing applications ranging from epidermal layer expansion to the fabrication of tissues, bones, liver modeling, and cutting-edge cancer treatments. Notably, the report emphasizes the pivotal role of 3D bioprinting in the development of bodily tissues, thereby revolutionizing medicinal applications and potentially minimizing the dependence on animal testing for drug screening and clinical trials.
Driving this market growth are the continual technological advancements in 3D bioprinting, a surge in the geriatric population coupled with the rising burden of chronic diseases, and substantial investments in research and development. The escalating demand for organ transplantation presents a significant growth opportunity for the 3D bioprinting market.
However, challenges such as the shortage of skilled professionals and the high cost associated with 3D bioprinting act as growth restraints. Additionally, concerns regarding the use of 3D bioprinted products pose a noteworthy challenge to the market's expansion.
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Key players in the 3D bioprinting market include 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 meticulously segmented based on Product, Technology, Application, and End User, providing comprehensive insights into the industry landscape. In 2023, the bioprinters segment is anticipated to dominate the market, attributed to technological advancements and the growing demand for organ transplantation.
The technology segment highlights the inkjet-based category as the frontrunner in 2023, owing to its ability to print intricate tissues and organs on culture media using bio-inks or biomaterials. The inkjet-based printing method is widely adopted in research, with an increasing demand for durable structures.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/3D-bioprinting-market-5746
Cancer research emerges as the dominant application in 2023, driven by augmented funding and technological advancements facilitating the creation of three-dimensional tissues that mimic distinct cancer characteristics.
The pharmaceutical and biotechnology companies segment is expected to lead in end-user categories in 2023, owing to technological advancements facilitating precision medicine, drug testing, and the introduction of new 3D bioprinters and bioinks.
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This comprehensive research report analyzes major geographies, providing insights into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is projected to be the leading market in 2023, with the U.S. taking the forefront due to its advanced healthcare infrastructure and the presence of major market players.
For further details and a detailed market analysis, please refer to the full report from Meticulous Research®.
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