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Steady Expansion Forecast for Bioengineering Technology Market, Projected to Reach $593.78 Billion by 2029

10-06-2025 11:13 AM CET | Food & Beverage

Press release from: The Business Research Company

Bioengineering Technology Market

Bioengineering Technology Market

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Bioengineering Technology Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the bioengineering technology market has been expanding swiftly in the past few years. It is predicted to escalate from $320.38 billion in 2024 to $363.01 billion in 2025, indicating a compound annual growth rate (CAGR) of 13.3%. The historical period of growth can be credited to factors like surging aging demographics, an increase in chronic diseases, expansion of the bioengineering technology market, beneficial governmental actions, and the growth of genetic engineering approaches.

Bioengineering Technology Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the bioengineering technology market is anticipated to witness significant expansion. It is expected to reach $593.78 billion by 2029, with a compound annual growth rate (CAGR) of 13.1%. The expansion projected during this period is due to a heightened attention towards cell therapies, the swift expansion of synthetic biology, advancements in precision medicine, more usage in agriculture, and broader application in environmental solutions. The major trends for this forecast period include the extensive use of sophisticated gene editing techniques, the intersection of different technologies, breakthroughs in precision medicine, global collaborations and partnerships, and applications of synthetic biology.

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What Are the Drivers Transforming the Bioengineering Technology Market?
The escalation in the incidence of chronic diseases is projected to fuel the expansion of the bioengineering technology market. Chronic illnesses are long-term health issues defined by their lengthy and continuing nature. The use of bioengineering technology in managing and treating these chronic diseases is significant due to its ability to offer inventive solutions, enhance outcomes, and improve patients' quality of life. For example, in June 2024, the Australian Institute of Health and Welfare, a government-affiliated institution in Australia, reported an age-standardized mortality rate tied to persistent illnesses of 448 per 100,000 individuals, marginally increasing to 459 per 100,000 in 2021 and jumping to 490 per 100,000 in 2022. Consequently, the escalating incidence of chronic illnesses is stimulating the expansion of the bioengineering technology market.

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What Long-Term Trends Will Define the Future of the Bioengineering Technology Market?
Leading enterprises in the bioengineering technology field are focusing on the creation of cutting-edge products such as Mito Plus, which aim to bolster advancements in regenerative medicine. Mito Plus, a ground-breaking 3D bioprinter of Indian origin, facilitates the production of organ and tissue structures close to their natural counterparts, imbued with living cells, leveraging 3D printing technology. For instance, in November 2022, Avay Biosciences Pvt. Ltd., a firm based in India known for manufacturing and providing 3D printer services, unveiled its pioneering bioprinter named Mito Plus, crafted specifically for human tissues. It's considered amongst the most sophisticated bioprinters in its cost bracket, with the ability to print an expansive variety of biomaterials and equipped with inbuilt UV curing functions. It also incorporates HEPA filters and temperature regulation, providing the flexibility of cooling the print head and the print bed up to 4 degrees Celsius, and heating as well.

Which Segments in the Bioengineering Technology Market Offer the Most Profit Potential?
The bioengineering technology market covered in this report is segmented -

1) By Product: Biomedical Engineering, Genetic Engineering, Biotechnology, Tissue Engineering, Biomechanics Engineering, Biomaterial, Biomechanical Engineering, Nano-Biotechnology, Bioinformatics, Other Products
2) By Technology: Nanobiotechnology, Tissue Engineering And Regeneration, DNA Sequencing, Cell-Based Assays, Fermentation
3) By Application: Health, Food And Agriculture, Natural Resources And Environment

Subsegmnets:
1) By Biomedical Engineering: Medical Devices, Diagnostic Equipment, Prosthetics And Implants
2) By Genetic Engineering: Gene Editing Tools (CRISPR), Recombinant DNA Technology, Gene Therapy Products
3) By Biotechnology: Biopharmaceuticals, Industrial Biotechnology Products, Agricultural Biotechnology
4) By Tissue Engineering: Scaffolds, Stem Cell Technology, Regenerative Medicine Products
5) By Biomechanics Engineering: Motion Analysis Systems, Orthopedic Biomechanics, Sports Biomechanics Products
6) By Biomaterials: Natural Biomaterials, Synthetic Biomaterials, Biodegradable Polymers
7) By Biomechanical Engineering: Prosthetic Devices, Orthotic Devices, Rehabilitation Equipment
8) By Nano-Biotechnology: Nanoparticles For Drug Delivery, Nanosensors, Nanomaterials For Biomedical Applications
9) By Bioinformatics: Genomic Data Analysis Tools, Protein Structure Analysis Software, Biological Databases
10) By Other Products: Environmental Bioengineering Solutions, Bioremediation Technologies, Bioprocessing Equipment

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Which Firms Dominate the Bioengineering Technology Market by Market Share and Revenue in 2025?
Major companies operating in the bioengineering technology market report are Pfizer Inc., Johnson & Johnson, Roche Holding AG, Novartis AG, Bristol-Myers Squibb Company, Thermo Fisher Scientific, Abbott Laboratories, AstraZeneca PLC, Medtronic PLC, Gilead Sciences Inc., Amgen Inc., Novo Nordisk A/S, Moderna Inc., Becton dic*kinson (BD), Regeneron Pharmaceuticals, Inc., Biogen Inc., Vertex Pharmaceuticals Inc., Agilent Technologies, Lonza Group Ltd., Intuitive Surgical, Illumina, Inc., Bio-Rad Laboratories, Ginkgo Bioworks, Verve Therapeutics, Inc., CRISPR Therapeutics

Which Regions Offer the Highest Growth Potential in the Bioengineering Technology Market?
North America was the largest region in the bioengineering technology market in 2024. The regions covered in the bioengineering technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

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With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

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