Europe 3d Bioprinting Market Forecast 2023-2032
KEY FINDINGS
The Europe 3D bioprinting market is predicted to register a CAGR of 16.64% during the forecast period, 2023-2032. The surging demand for advanced therapies across multiple segments is expected to drive the demand for bioprinting techniques across the region. In addition, the European Union (EU) has identified bioprinting as an advanced technology that will propel the development of future pharmaceutical and medical products and services.
MARKET INSIGHTS
France, Nordic Countries, Spain, Germany, the United Kingdom, Italy, and Rest of Europe are analyzed for the Europe 3D bioprinting market growth assessment. Germany offers significant growth opportunities and is the largest bioprinting market in Europe. The adoption of bioprinting solutions during the pandemic has opened up new avenues for technology in the country. Also, the rising incidences of chronic diseases like heart issues and kidney failures, the growing aging population, and a limited number of organ donors are projected to contribute to market growth. For instance, there will by 24 billion people aged 65 or above by 2035.
Additionally, there is a great disparity between organ donations and organ demand in the country. As per the German Organ Transplantation Foundation, 3,508 organs were transplanted in Germany in 2021. Of these, 529 were living donor transplants. Further, in countries like Sweden, researchers at the Sahlgrenska Academy and the Chalmers University of Technology used 3D bioprinting to induce living human cartilage cells in an animal. Such factors boost the market growth in these countries.
COMPETITIVE INSIGHTS
Some of the prominent firms in the market include Inventia Life Science Pty Ltd, EnvisionTEC M Inc, GeSiM GmbH, etc.
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• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
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