Global 3d Bioprinting Market Forecast 2023-2032
KEY FINDINGS
The global 3D bioprinting market is predicted to record a CAGR of 16.69% during the forecast period, 2023-2032. The market growth is attributed to the high prevalence of chronic disease, the growing focus on regenerative medicine, R&D investments and technological advancements, and the increasing elderly population.
MARKET INSIGHTS
3D bioprinting is an additive manufacturing process that uses biomaterials and cells like nutrients and living cells instead of traditional plastics and metals to create artificial structures that mimic natural human tissues.
The growing elderly population is a key growth driver of the global 3D bioprinting market growth. The aging population is increasingly vulnerable to bone injuries, obesity, and osteoporosis, which further contributes to the failure of orthopedic implants. In this regard, 3D bioprinted bone can be personalized to patient-specific needs.
As per the Oncology Nursing Society, around 60% of all cancers in the US occur in the older population. Such aspects raise the need for a better understanding of the drugs required for the treatment. In addition, researchers can get a better idea about how tumors react to certain drugs through 3D bioprinting tumors. Accordingly, 3D bioprinted tumors can be used to experiment with new drugs and treatments. As a result, such factors are expected to propel growth opportunities for 3D bioprinting. However, the global 3D bioprinting market growth is restrained by a lack of skilled professionals and high costs.
REGIONAL INSIGHTS
The global 3D bioprinting market growth assessment includes the geographical evaluation of North America, Europe, Asia-Pacific, and Rest of World. North America is the largest revenue-generating region in the global market, accredited to the huge geriatric population and high prevalence of cardiovascular diseases.
COMPETITIVE INSIGHTS
Prominent market leaders are investing in merger & acquisition activities and product innovations to maintain a competitive edge in the market. Some of the leading companies in the market are Advanced Solutions Life Sciences, Cyfuse Biomedical KK, GeSiM GmbH, etc.
Our report offerings include:
• Explore key findings of the overall market
• 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
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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