Press release
3D Bioprinting in Medical Market Set to Reach $4.9 billion by 2032: A 15.5% CAGR Anticipated
Know More: https://www.alliedmarketresearch.com/3d-bioprinting-in-medical-market-A171553
Prime determinants of growth
Rise in prevalence of chronic diseases, surge in usage of 3D bioprinting in biomedical applications, and advancements in 3D bioprinting drive the growth of the global 3D bioprinting in medical market. However, the high cost associated with 3D printing and dearth of skilled professionals restricts the market growth. Moreover, growth opportunities in emerging markets and rise in pharmaceutical applications present new opportunities in the coming years.
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3D Bioprinting in Medical Market Report Highlights
Market Size By 2032: USD 4.9 billion
Growth Rate: CAGR of 15.5%
Forecast Period: 2022 - 2032
Report Pages: 316
By End users:
Biotechnology and pharmaceutical companies
Academic and research institutes
Others
By Products and solutions:
Bioprinters
Consumables and accessories
Software and services
By Technology:
Extrusion based bioprinting
Inkjet based bioprinting
Laser assisted bioprinting
Others
By Application:
Tissue engineering and regenerative medicine
Drug discovery and development
Others
By Region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players:
Shining 3D
Cyfuse Biomedical K.K.
REGEMAT 3D
Desktop Metal, Inc.
Advanced Solutions, Inc.
Medprin
CollPlant Biotechnologies Ltd
Organovo Holdings, Inc.
3D Systems Corporation
BICO
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What is the Impact of Recession 2023 on 3D Bioprinting in Medical Market?
During recession, individuals and governments might tighten their budgets, leading to reduced healthcare spending. This could affect patients' ability to access and afford 3D bioprinting in medical, potentially leading to decreased demand for 3D bioprinting products. In addition, economic downturns often lead to reduced healthcare budgets, impacting the purchasing power of healthcare facilities. This results in delayed or scaled-down investments in expensive 3D bioprinting in medical technologies.
However, surge in prevalence of chronic diseases, rise in technological advancements and increase in awareness about early diagnosis and treatment boost the need for specific types of 3D bioprinting in medical sector.
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