According to Emergen Research, the global 3D bioprinting market size was USD 773.92 million in 2020 and is expected to reach USD 3,244.17 million in 2028 and register a revenue CAGR of 20.7% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “3D Bioprinting Market, By Material Type (Hydrogels, Living Cells, Extracellular Matrices, Others), By Technology (Laser-based, Inkjet-based, Syringe-based, Magnetic Levitation, Others), By Application (Clinical Applications, Research Applications), and By Region Forecast to 2028”
According to Emergen Research, the global 3D bioprinting market size was USD 773.92 million in 2020 and is expected to reach USD 3,244.17 million in 2028 and register a revenue CAGR of 20.7% during the forecast period, 2021-2028.
Market Dynamics:
Revenue growth of the global 3D bioprinting market is primarily attributed to factors such as rising prevalence of chronic and acute diseases worldwide, increasing public and private investments in medical research, emergence of next-generation 3D bioprinting techniques such as computer-assisted design (CAD), robotic bioprinting, and tissue formation modelling, and rapid adoption of advanced 3D bioprinters and biomaterials for pharmaceutical and biotechnological applications.
3D bioprinting utilizes three-dimensional printing techniques to combine cells and biomaterials to fabricate biomedical parts that mimic the natural characteristics of the specific tissue and organs. Key applications of 3D bioprinting include drug research & development and reconstruction of damaged tissue, joints, or ligaments. Hence, increasing applications of 3D bioprinting in pharmacology (personalized medicine, additive pill manufacturing) and cosmetology (cell therapy, skin substitutes, wound-healing treatments), rising prevalence of different types of cancer, growing investments in stem cell research, and increasing adoption of regenerative medicine are some of the other key factors expected to drive the global 3D bioprinting market revenue growth.
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Amid the coronavirus pandemic and shortage of COVID-19 test kits and equipment, several healthcare companies have developed 3D bioprinters and related software that can be used in the large-scale manufacture of these equipment. For instance, leading American 3D printing company, Stratasys, manufactured face shields using its advanced 3D bioprinters, and distributed up to 100,000 face shields in the U.S. in March 2020.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Living Cells Segment Accounted for Largest Revenue Share in 2020:
The living cells segment dominated other material type segments in terms of largest revenue share in the global market in 2020. Increasing research & development activities in the field of regenerative medicine, rise in public and private investments in stem cell research, and rapid adoption of next-generation 3D bioprinting technologies are primary factors driving revenue growth of this segment.
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Clinical Applications Segment to Account for Fastest Revenue CAGR:
The clinical applications segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Rising prevalence of various chronic and acute diseases, increasing need for cost-effective medicine, and increasing clinical applications of 3D bioprinting such as drug development and tissue and organ regeneration are among the major factors driving this segment’s revenue growth.
North America Accounted for Largest Revenue Share in 2020:
Among the regional markets, the North America 3D bioprinting market accounted for the largest revenue share in the global market in 2020. Key factors contributing to revenue growth of the North America market are rapid adoption of advanced 3D bioprinting techniques, rising focus on development of regenerative medicine, increasing applications of 3D bioprinting in cosmetology, and presence of state-of-the-art healthcare infrastructure and leading market players in the region, including Nano3D Biosciences, Inc., Allevi Inc., and Organovo Holdings, Inc.
Major Companies in the Global 3D Bioprinting Market Include:
- Digilab, Inc.
- Organovo Holdings, Inc.
- Allevi Inc.
- CELLINK
- Cyfuse Biomedical K.K.
- EnvisionTEC GmbH
- Aspect Biosystems Ltd.
- Poietis
- TeVido BioDevices
- Nano3D Biosciences, Inc.
- ROKIT Healthcare
- REGENHU
- GeSiM GmbH
- Advanced Solutions Life Sciences
- Regenovo Biotechnology Co., Ltd.
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For the purpose of this report, Emergen Research has segmented the global 3D bioprinting market based on material type, technology, application, and region:
Material Type Outlook (Revenue, USD Million; 2018–2028)
- Hydrogels
- Extracellular Matrices
- Living Cells
- Others
Technology Outlook (Revenue, USD Million; 2018–2028)
- Inkjet-based
- Laser-based
- Syringe-based
- Magnetic Levitation
- Others
Application Outlook (Revenue, USD Million; 2018–2028)
- Clinical Applications
- Blood Vessels
- Skin
- Research Applications
- Regenerative Medicine
- 3D Cell Culture
- Drug Development
Region Outlook (Revenue, USD Million; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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