3D Bioprinting Market Worth USD 5.01 Bn by 2029: Investments, Research & Development, Current Trends, Competitive Analysis, Market Drivers, and Manufacturers
Pune, 6, Dec 2022: Maximize Market research has published a market intelligence and industry analysis report on “3D Bioprinting Market“. The global 3D Bioprinting Market was valued at USD 1.16 billion in 2021, and is expected to be worth USD 5.01 billion by 2029, growing at a CAGR of 20.07% during the forecast period. Market definitions are developed in such a way that they may be compared across nations. The parameters of each definition are rigorously examined at the start of the research process to ensure they fit the demands of both the market and MMR’s clients.
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3D Bioprinting Market Scope and Research Methodology
The Maximize Market Research Industry reports are based on extensive primary and secondary research that has been condensed, evaluated, and cross-checked before being presented in an uniform and user-friendly format. More than 250,000 industry interviews and consumer surveys are utilised to construct a review of in-house information, which is augmented by research done by industry specialists utilising extremely complicated modelling and forecasting technologies. MMR’s internal databases form the backbone for all industry profiles. MMR also maintains vast in-house databases of news, analyst comments, firm profiles, and macroeconomic and demographic data, allowing MMR’s analysts to give an accurate market picture. Market definitions are created in a way that allows them to be compared across countries. At the commencement of the research process, the criteria of each definition are thoroughly analysed to ensure they meet the needs of both the market and MMR’s clients.
3D Bioprinting Market Overview
Innovative drug screening and development platforms have led to advancements in 3D bioprinting technology, allowing for the development of several all-inclusive high throughputs and customizable organ-on-chip type platforms, as well as printed 3D cell architectures. Several 3D-bioprinting methods have recently been applied to originate and improve 3D-cell culture. 3D bioprinters allow for the automated creation of repeatable, rapid, and personalised 3D structures. Several businesses are developing devices capable of producing realistic 3D human tissues for medication and treatment research.
3D Bioprinting Market Dynamics
The introduction of novel pathogens has resulted in unforeseen human illnesses and epidemics. The COVID-19 pandemic has highlighted the critical need for a platform to execute quick and agile development of therapies and vaccines to combat emerging viruses such as SARS-CoV-2. To produce safe and effective pharmaceuticals, the standard drug development process normally takes 10-15 years. Modifying the drug discovery pipeline with new advanced technologies such as 3D bioprinting is therefore attracting interest for accelerating drug discovery.
3D Bioprinting Market Regional Insights
The Asia Pacific region dominated the 3D bioprinting market in 2021, with a revenue share of 23.7%; the region is expected to continue its lead across the forecast period. Japan and China accounted for the largest revenue share in the sector due to an increase in COVID-19 cases and higher government R&D investment. China had around 87,706 active COVID-19 cases documented as of January 13th, 2021. Furthermore, a dearth of organ donors and the growing death rate caused by COVID-19 are expected to accelerate the 3D bioprinting sector in this field.
The North American market had a revenue share of 31.8% in 2021, and it is expected to continue to dominate during the forecast period. The market is expected to develop due to the increasing usage of IT in the healthcare sector. The government is increasing its investment in research and development to create a vaccine for this condition. There is a growing demand for 3D bioprinting since it has been recognised for application in drug testing and organ donation.
3D Bioprinting Market Segmentation
By Technology Insights
By Deployment Mode
By Application Area
3D Bioprinting Market Key Competitors are:
Key questions answered in the 3D Bioprinting Market are:
Key Offerings:
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