Press release
Next Generation Bioprinting Market Heats Up: Demand for Personalized Medicine Drives Growth
According to company's newest research, the Global Next Generation Bioprinting Market is predicted to witness a promising CAGR of 29.57% during the forecast period 2023-2031.
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At present, 3D bioprinting technology does not enable the creation of objects that possess the same complexity or added value as the human body. However, the fourth dimension of bioprinting emerges in the next generation when contemporary electric, magnetic, light, or acoustic technologies are employed to fabricate a tissue bio independently, producing a substance that is neither stationary nor inert. It is susceptible to conformational changes and possesses human organs' stimuli-responsive and biomechanical characteristics. They become potentially bioartificial tissues by incorporating functionality into cyborganic materials in the fourth dimension. In regenerative medicine, next-generation bioprinting offers a crucial solution for fabricating organs and tissues that precisely replicate the physiological milieu, encompassing their biomechanics and mechanobiology. When this emerging technology is implemented in the biomedical domain, self-assembling material technologies, intelligent electroconductive, electric, and magnetic field manipulation, fabrication, biosensing, and robotics allow the tissue to acquire the authentic, dynamic properties of an organ or tissue found in the body in the fourth dimension.
In the biomedical sector, 4D bioprinting, also known as next generation bioprinting technology, has made a significant impact, particularly in tissue engineering (TE), scaffolds, and dentistry. This impact has not only stimulated the market but also contributed to its overall expansion. The need for organ and tissue regeneration, whether unintentional or intentional, is a driving force behind the development of artificial organs and tissues composed of living cells. This demand is expected to fuel the research and development of bioprinting technology, which relies on bioprinters capable of precisely duplicating stem cells and organs. As a result, the market share of 4D bioprinting is projected to increase in the coming years, driven by its expanding utilization in applications such as drug and tissue engineering, regenerative medicine, and stakeholder interest in technological advancements. This growth is further supported by the emergence of numerous start-up companies in this field.
Despite its potential, the expansion of the 4D bioprinting market is hindered by several factors. These include the high costs of development, stringent government regulations regarding implanted devices and the smart materials used in the product, and a lack of awareness among countries with low to moderate incomes. These challenges need to be addressed to fully realize the potential of 4D bioprinting technology.
The North American region is anticipated to maintain its position as the leader of the global market for Next-Generation Bioprinting throughout the forecast period. Numerous factors have contributed to North America's preeminence, including considerable financial investments, joint efforts to accelerate development, and recent scientific advancements and improvements.
Competitive Landscape
Some of The Key Players in The Next Generation Bioprinting Market:
• DirectSync Surgical
• Poietis
• Regenhu
• EnvisionTec
• EOS GmbH Electro Optical System
• Materialise NV
• Dassault Systèmes
• 3D Systems, Inc.
• GeSiM
• Stratasys
• ROKIT Healthcare
• Sculpteo
• Smart3D
• VIVAX BIO
• Organovo Holdings, Inc.
• CellLink
• Izumi International, Inc
• Advanced Solutions Life Sciences. LLC
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Key Developments of the market
• In Oct 2022, Doosan Enerbility revealed that it had signed an agreement with EOS, which is the world leader in metal 3D printing and is based in Germany, to work together on technology development and marketing. Doosan will join EOS in testing new products in the beta phase. The two companies will also work together on marketing tasks like finding potential customers and sharing stories of what has worked well.
• In Dec 2021, Cellink and Nanoscribe had showcased a New Submicron Bioprinter. Both companies are part of the large bioconvergence group BICO, and they are working together to launch Quantum X bio, a platform for making bioprinting smaller that is powered by Two-Photon Polymerization (2PP).
• In Sept 2021, EnvisionTEC and Covestro have announced their partnership on material+printer solutions to drive industrial 3D printing adoption. Together, the two companies intend to lower the entry hurdles for businesses seeking to embrace 3D printing to produce moulds for low volumes or parts with intricate features more quickly and affordably.
Market Segments
Global Next Generation Bioprinting Market, by Type of Technology, 2023-2031 (Value US$ Mn)
• Extrusion-based Technology
• Inkjet-based Technology
• Laser-based Technology
• Others
Global Next Generation Bioprinting Market, by Application Area, 2023-2031 (Value US$ Mn)
• Biomedical Applications
• Other Application
Global Next Generation Bioprinting Market, by End-User, 2023-2031 (Value US$ Mn)
• Pharmaceutical and Biotechnology Companies,
• Academic Research and Development
• Other End-users
Global Next Generation Bioprinting Market, by Region, 2023-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Next Generation Bioprinting Market, by Country, 2023-2031 (Value US$ Mn)
• U.S.
• Canada
Europe Next Generation Bioprinting Market, by Country, 2023-2031 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Next Generation Bioprinting Market, by Country, 2023-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Next Generation Bioprinting Market, by Country, 2023-2031 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Next Generation Bioprinting Market, by Country, 2023-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the Next Generation Bioprinting Market
To receive an industry overview and future trends of the Next Generation Bioprinting Market
To analyze the Global Next Generation Bioprinting Market drivers and challenges
To get information on the Global Next Generation Bioprinting Market size (Value US$ Mn) forecast to 2031
Significant investments, mergers & acquisitions in the Global Next Generation Bioprinting Market industry
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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