The 3D bio-printing market is set to experience significant growth in the coming decade, driven by advancements in tissue engineering, regenerative medicine, and the increasing adoption of personalized medicine solutions. According to the latest market analysis, the market is expected to reach USD 2.24 billion by 2024 and is projected to grow at an impressive compound annual growth rate (CAGR) of 11.8%, reaching USD 6.82 billion by 2034.
3D bio-printing technology enables the precise fabrication of biological tissues and organs using additive manufacturing processes, revolutionizing the healthcare and pharmaceutical industries. The technology offers advantages such as customization, reduced surgery times, and improved patient outcomes, driving its adoption across research institutions, biotechnology firms, and healthcare providers worldwide.
Stakeholders in the biotechnology and healthcare industries might benefit greatly from the worldwide 3D bioprinting market. It is anticipated that the fields of tissue engineering, regenerative medicine, and customized healthcare would undergo a revolution as the technology advances.
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Key Takeaways
- The 3D cell culture method is an effective alternative to overcome the existing organ donation shortage crisis faced by the world. According to the U.S. Government Information on Organ Donation and Transplantation, more than 113,000 people are on the waiting list as of July 2019. The unavailability of organs for transplant cause the death of 20 patients per day.
- 3D bioprinting can be a significant solution to the organ transplant waiting for crisis so that patients can receive an organ for transplant in time. 3D bioprinting technology has been used in regenerative medicine through printed devices such as 3D printing surgical instruments and prosthetics. Currently, researchers are testing out bio-ink as a way of printing cartilage, bones, and vital organs.
- The ongoing research on regenerative medicine and advancements in tissue engineering are focusing on the regeneration of damaged tissues and organs with the help of 3D bioprinting. A group of scientists from Tel Aviv University developed a fully vascularized heart using 3D bioprinting by using fat tissue cells from a donor. This has led to the development of 3D bio-printed heart tissue. Scientists from Swansea University UK developed a 3D bioprinting process by using regenerative and durable biomaterial.
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Competitive Landscape
The key players operating in the 3D bioprinting market are currently strengthening their materials portfolio. This is mainly done by adding new metals to the product portfolio. Apart from that, technological upgradation is also being done by the key players to simplify the processes. 3D Systems, GE Healthcare, ExOne, Electro Optical Systems, Renishaw plc, and others are the top player of the 3D bioprinting market.
More Insights into the 3D bioprinting market
The Asia Pacific region is expected to dominate the global 3D bioprinting market over the assessment period. As per FMI analysis, developing economies like India, China, and Japan are expected to make massive contributions, owing to massive investment in the healthcare sector. Additionally, increasing disposable income is also expected to surge the market share in this region.
China is expected to generate reasonable revenue in the global market since the Chinese government is offering to fund the establishment of a manufacturing facility for the production of biomaterials and studying 3D-printed organs and tissues. In 2015, Materialise NV. opened its first pediatric 3D medical research facility at the Children’s Medical Center, in Shanghai, China. The focus was on pediatric 3D modeling and medical imaging and 3D fabrication.
3D Bioprinting Market Segmentation
By Technology:
- Stereolithography
- Selective Laser Sintering
- Electron Beam Melting
- Fused Deposition Modeling
- Laminated Object Manufacturing
- Inkjet Printing
- Multi-phase Jet Solidification
By Application:
- Surgical Simulation and Training Models
- Prosthetic Devices
- Tissue Engineering and Regenerative Medicine
- Orthopedic Implants
- Dental Implants
- Medical Sensors
- Others
By End User:
- Medical Device Manufacturers
- Pharmaceutical Companies
- Research & Academic Institutions
- Contract Research Organizations
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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