Increasing prevalence of chronic diseases, high demand for 3D organ printing in pharmaceutical and cosmetology sectors, and rising investments in research and development activities are some key factors expected to drive global market growth.
Increasing prevalence of chronic diseases, high demand for 3D organ printing in pharmaceutical and cosmetology sectors, and rising investments in research and development activities are some key factors expected to drive global market growth
According to Emergen Research, the global 3D organ printing market size was USD 4.33 billion in 2020 and is expected to reach USD 10.44 billion in 2028 and register a robust revenue CAGR of 19% during the forecast period, 2022-2030.
Market Dynamics:
3D organ printing utilizes fabricated tissues and organs using various biological materials to mimic human tissues and organs. It utilizes printing techniques similar to conventional methods to produce 3D objects. The biocompatible material forms a scaffold that acts as a skeleton for the organ being printed. Organ printing is rapidly gaining traction as it reduces the need for human donor organs. Factors such as increasing geriatric population, rising investments in research and development activities, growing awareness about 3D organ printing are expected to drive global market revenue growth during the forecast period.
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In addition, increasing adoption of inkjet printing and laser-assisted printing and rising investments in developing advanced products are some other factors expected to fuel market growth going ahead. However, dearth of highly skilled healthcare professionals, high initial investments, and rising concerns about biocompatibility of materials are some key factors that can hamper overall market growth to a certain extent between 2021 and 2028.
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
Inkjet Printing Segment To Register Rapid Revenue CAGR:
The inkjet printing segment is expected to rapid revenue CAGR over the forecast period. Rapid advancements in printing technology, increasing application of inkjet printing in tissue engineering and drug delivery systems, and rising investments in research and development activities are some key factors expected to drive revenue growth of segment.
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Biopharmaceutical Companies Segment to Account for Significant Revenue Share:
The biopharmaceutical companies segment is expected to account for significant revenue share during the forecast period. Factors such as growing demand for regenerative medicine, rising number of organ transplants, and increasing research based activities are expected to drive revenue growth of the segment going ahead.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period owing to high prevalence of chronic diseases, presence of well-established medical infrastructure, rapid advancements in 3D printing technology, and increasing investments in developing cutting-edge technologies and therapies. In addition, rising shortage of organ transplants, increasing geriatric population, presence of leading companies, government investments in 3D printing projects, and increasing number of research activities are other factors expected to drive market growth in North America
Major Companies in the Market Include:
- BIOLIFE4D
- Aspect Biosystems Ltd.
- REGEHU Ltd.
- Allevi Inc.
- Inventia Life Science Pty Ltd.
- 3D Bioprinting Solutions Biotechnology Research Laboratory
- Hangzhou Jienuofei Biotechnology Co., Ltd
- Cyfuse Medical K.K.
- BICO - The Bio Convergence Company
- Advanced Solutions Life Sciences, LLC.
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For the purpose of this report, Emergen Research has segmented the global 3D organ printing market on the basis of material, printing component, end-use, and region:
Material Outlook (Revenue, USD Million; 2019-2030)
- Living Cells
- Hydrogels
- Extracellular Matrices
- Other Biomaterials
Printing Component Outlook (Revenue, USD Million; 2019-2030)
- Inkjet Printing
- Extrusion Printing
- Laser-Assisted Printing
End-use Outlook (Revenue, USD Million; 2019-2030)
- Research Organizations & Academic Institutes
- Biopharmaceutical Companies
- Hospitals
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Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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