3D Bioprinting Market Revenue to outshine USD 3895.2 million By 2027
Posted On September 14, 2021
The Global 3D Bioprinting Market revenue is anticipated to grow to around USD 3895.2 million by 2027 with a CAGR of 15.8% during the year 2021-2027 as per the report published by Value Market Research. With increasing adoption in 3D bioprinting in the healthcare, pharmaceutical, and biotechnology market, the bioprinting market will record notable growth over the years. Furthermore, the widespread use of 3D printing in cosmetic operations and new 3D bioprinting inventions are estimated to bolster the 3D Bioprinting market's growth. The increase in public and private financing for bioprinting research has also fueled the market's expansion. Substantial technological developments in the 3D bioprinting space have occurred for a range of medical applications, including skin tissue production, cancer treatments, bone and cartilage formation, and liver modelling, all of which contribute to the market's growth. Meanwhile, factors such as the favourable regulatory environment in rising nations like India, the availability of a significant number of stem cell product pipelines, and the use of regenerative medicine to treat various ailments are likely to boost the 3D Bioprinting market's growth. Nonetheless, issues like scarcity of trained individuals and high development and production costs impede the market's growth. Furthermore, the successful application of 3D bioprinting technology necessitates ongoing process monitoring, which differs between platforms due to uncontrollable process factors and material variances. As a result, this factor is projected to limit market expansion.
3D Bioprinting is a method of additive manufacturing that utilizes 3D printing to manufacture biomedical parts that maximally mimic natural tissue properties. To generate tissue-like structures, 3D Bioprinting uses the layer-by-layer approach to deposit ingredients called bioinks. As a rule of thumb, 3D Bioprinting consists of three stages: pre-, bio- and post-bioprinting. Generally speaking, 3D bioprinting is utilized to create organ and tissue constructions that can be used in medication research and for medical implants' development. It has also begun to print scaffolds that can be utilized for joint and ligament regeneration. Remarkable improvements in the field of tissue engineering have been attributed mainly to 3D bioprinting.
The elaborate study "Global 3D Bioprinting Market Report By Technology (Magnetic Levitation, Inkjet-Based, Syringe-Based, Laser-Based, Others), By Application (Medical, Dental, Biosensors, Consumer/Personal Product Testing, Bioinks, Food And Animal Product) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of technology the market is segmented into Magnetic Levitation, Inkjet-based, Syringe-based, Laser-based, Others. By application the 3d bioprinting market is categorised as Medical (Tissue and Organ Generation, Medical Pills, Prosthetics and implants, Others), Dental, Biosensors, Consumer/Personal Product Testing, Bioinks, Food and Animal Product. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global 3D Bioprinting Market -
- Magnetic Levitation
- Medical (Tissue and Organ Generation, Medical Pills, Prosthetics and implants, Others)
- Consumer/Personal Product Testing
- Food and Animal Product
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Envisiontec, Inc., Inventia Life Science PTY LTD, Organovo Holdings, Inc., Vivax Bio, LLC, 3D Bioprinting Solutions, Regemat 3D S.L., Poietis, AlleviCyfuse Biomedical K.K., and Cellink Global.
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