The global 3D bio-printing market is on a remarkable growth trajectory, with forecasts indicating an increase from USD 2.24 billion in 2024 to an anticipated USD 6.82 billion by 2034. This significant expansion reflects an impressive Compound Annual Growth Rate (CAGR) of 11.8% over the next decade, according to the latest industry report.
The surge in the 3D bio-printing market is driven by several key factors, including advancements in tissue engineering and regenerative medicine, which are paving the way for innovative applications and treatments. Collaborations between research institutions, biotech companies, and healthcare providers are accelerating technological advancements and enhancing the capabilities of bioprinting technologies.
Examine an Enlightening Report
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.
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
Obtain Extensive Market Insights – Purchase Now to Access
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
