The 3D bioprinting market is projected to reach USD 1,647.4 million by 2027 from USD 651.6 million in 2020, at a CAGR of 20.4% from 2021 to 2027.
The 3D Bioprinting Market research report thoroughly explains each and every aspect related to the Global 3D Bioprinting Market, which facilitates the report’s reader to study and evaluate the upcoming market trend and execute the analytical data to promote the business.
A large-scale 3D Bioprinting Market document offers an all-inclusive study about production capacity, consumption, import, and export for all the major regions across the world. Furthermore, the statistical and numerical data such as facts and figures are represented very neatly in the report by using charts, tables, or graphs. This market report also involves strategic profiling of the major players in the market, comprehensive analysis of their basic competencies, and thereby keeping the competitive landscape of the market in front of the client. The winning 3D Bioprinting report covers all the market shares and approaches of the major competitors or the key players in the market.
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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “3D Bioprinting Market, By Technology (Syringe/Extrusion Bioprinting, Inkjet Bioprinting, Magnetic Levitation Bioprinting, Laser-assisted Bioprinting, Other Technologies), Component (3D Bioprinters, Biomaterials, Scaffolds), Material (Cells, Hydrogels, Extracellular Matrices, Biomaterials), Application (Tissue & Organ Regeneration, 3D Cell Culture, Pharmaceutical, Drug Testing and Development, Regenerative Medicine, Food Testing, Research, Other Applications) and Geography – Global Forecast to 2026”. Early buyers will get 10% customization on study.
To Avail deep insights of 3D Bioprinting Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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The report covers exhaustive analysis on:
- 3D Bioprinting Market Segments
- 3D Bioprinting Market Dynamics
- Historical Actual Market Size
- 3D Bioprinting Market Size & Forecast
- 3D Bioprinting Agents Current Trends/Issues/Challenges
- Competition & Companies involved
- 3D Bioprinting Market Drivers and Restraints
The 3D bioprinting market is projected to reach USD 1,647.4 million by 2027 from USD 651.6 million in 2020, at a CAGR of 20.4% from 2021 to 2027. The growth of the 3D bioprinting market is mainly driven by the technological advancements in 3D bioprinters and biomaterials, increasing use of 3D bioprinting in the pharmaceutical and cosmetology industries, and rising public and private funding to support bioprinting research activities. These factors have prompted market players to improve and strengthen their current manufacturing and distribution capabilities, especially in emerging markets, which are expected to witness the highest growth.
By application, the 3D bioprinting market for the skin printing applications segment is expected to grow at the highest growth rate during the forecast period
The clinical applications market is further segmented into skin printing, bone & cartilage printing, blood vessel printing, and other clinical applications. Among these, the skin printing applications segment is estimated to grow at the highest CAGR of 19.8% during the forecast period. This can be attributed to the technological advancements and new product launches in this application segment, and the growing number of aesthetic and reconstruction surgeries across the globe.
By material, the living cells segment is expected to hold the largest market share during the forecast period
On the basis of material, the 3D bioprinting market is segmented into hydrogels, extracellular matrices, living cells, and other biomaterials. In 2018, the living cells segment accounted for the largest market share primarily due to the growing R&D in the fields of regenerative medicine and stem cell research, and increasing public and private investments to support research.
APAC is estimated to grow at the highest growth rate during the forecast period.
The Asia Pacific market is estimated to grow at the highest CAGR of 23.1% during the forecast period, driven by the increasing research activities, growing demand for organ transplants, an increasing number of initiatives by market players for expanding their presence in the APAC, and higher adoption of stem cell research in several APAC countries. China and India are expected to offer significant growth opportunities for players operating in the 3D bioprinting market, owing to the growing support from government bodies, increasing demand for cosmetic surgeries, and the presence of less-stringent regulations and data requirements (as compared to developed countries) in their respective healthcare systems.
Driver: Technological advancements in the 3D bioprinting industry
Over the years, 3D bioprinting technology has witnessed increased adoption in the healthcare industry. Bioprinting has emerged as a promising technology for the fabrication of artificial tissues and organs, which can revolutionize the diagnosis and treatment of various medical conditions. Bioprinting companies around the world are continuously innovating in regenerative medicine, tissue engineering, drug therapies, and stem cell therapy, which is gaining attention from healthcare professionals and pharmaceutical companies to envision a future with better patient care, customized medical treatment, and an alternative to organ transplantation.
Over the past few years, major technological advancements in the 3D bioprinting space have taken place for several medical applications, including skin tissue development, cancer therapeutics, bone and cartilage development, and liver modeling. Advanced technologies provide players with a competitive edge and thereby help in strengthening their position and share in the market. For instance, in 2018, Poietis (France) launched the 3D bioprinted skin model, Poieskin. The total human skin model is made by the bioprinting of primary human collagen and fibroblast for the dermal layer and primary human keratinocytes for the epidermal layer.
Restraint: Dearth of skilled professionals
3D bioprinting is an emerging field in the healthcare industry and is witnessing continuous technological advancements, which is leading to the increased demand for skilled professionals who can effectively operate these systems. The effective use of 3D bioprinting technology requires continuous process monitoring. The consistency of the process varies in different platforms due to uncontrolled process variables (such as the difference between batches and machines) and material differences. These technologies and processes require the skills of a trained professional who can understand and operate the 3D bioprinter efficiently.
The most important aspect of the 3D printing service is the skill of spatial object design. Designing a 3D-printed object is more complicated than actually printing the object. Likewise, 3D printed models have complex geometrical structures, which require technical support for printing with a material that offers high shrinkage. Thus, skilled professionals are required to perform these activities in order to avoid errors and printing failure. Also, the biggest challenge faced by the 3D bioprinting industry is the use of multiple technologies. This has resulted in the increased demand for highly skilled personnel to handle operations and troubleshoot activities during 3D bioprinting procedures.
Opportunity: Growing Demand for regenerative medicine & stem cell research
Increasing stem cell research activities and financial support from several public-private organizations are driving the growth of the stem cell and regenerative medicine industry across the globe. A supportive regulatory environment in emerging countries, the presence of a large number of stem cell product pipelines, and applications of regenerative medicine in treating diseases are the key factors contributing to the increasing adoption of stem cell and regenerative medicine worldwide. 3D bioprinting is used in various applications in regenerative medicine. It is used in the development of body parts such as cartilage, heart, and liver, among other organs, for the treatment of different disease conditions. Likewise, stem cells are also used on a large scale for bioprinting different bones and tissues. These cells can adapt easily to growth factors and develop into the required 3D structures.
Challenge: Socioethical concerns related to the use of 3D bioprinted products
3D bioprinting makes use of living cells for the development of products used in a wide range of medical applications. It is used on a large scale in developing tissues and organs, with the aim to meet the growing demand for organ transplantation across the globe. However, the use of bioprinted products inside the human body creates biosafety concerns and can also violate religious beliefs. Additionally, the source of biomaterials being used for developing 3D bioprinted products and concerns related to waste elimination are two other major factors hindering the adoption of 3D bioprinting among individuals.
What Porter’s Five Forces of Competitive Analysis Provides?
Competitive rivalry:- The main driver is the number and capability of competitors in the market. Many competitors, offering undifferentiated products and services, will reduce market attractiveness.
Threat of substitution:- Where close substitute products exist in a market, it increases the likelihood of customers switching to alternatives in response to price increases. This reduces both the power of suppliers and the attractiveness of the market.
Threat of new entry:- Profitable markets attract new entrants, which erodes profitability. Unless incumbents have strong and durable barriers to entry, for example, patents, economies of scale, capital requirements or government policies, then profitability will decline to a competitive rate.
Supplier power:- An assessment of how easy it is for suppliers to drive up prices. This is driven by the: number of suppliers of each essential input; uniqueness of their product or service; relative size and strength of the supplier; and cost of switching from one supplier to another.
Buyer power:- An assessment of how easy it is for buyers to drive prices down. This is driven by the: number of buyers in the market; importance of each individual buyer to the organisation; and cost to the buyer of switching from one supplier to another. If a business has just a few powerful buyers, they are often able to dictate terms.
Five forces analysis helps organizations to understand the factors affecting profitability in a specific industry, and can help to inform decisions relating to: whether to enter a specific industry; whether to increase capacity in a specific industry; and developing competitive strategies.
The country section of the report also provides individual market impacting factors & changes in regulation in the market domestically that impacts the current & future trends of the market. Data points such as consumption volumes, production sites & volumes, import export analysis, price trend analysis, cost of raw materials, down-stream & upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence & availability of global brands & their challenges faced due to large or scarce competition from local & domestic brands, impact of domestic tariffs & trade routes are considered while providing forecast analysis of the country data.
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