During the forecast period, the global 3D bioprinting market size is expected to develop at a CAGR of 21.2% and value USD 1724 million by 2027.

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The recent COVID-19 pandemic has spread the globe, putting a strain on even the most overburdened healthcare systems. As a result, numerous 3D Bioprinting communities are responding to the international crisis by offering their unique abilities to reduce the strain on the supply chain and governments because of the rising incidence of coronavirus. As the number of people infected with COVID-19 rises, there is a shortage of supplies for medical experts and the general population. The unavailability of COVID-19 test kits is one of the most critical issues. As a result, numerous 3D bioprinting companies are mass-producing 3D printers and related software. The coronavirus pandemic has also hastened the development of medicine and vaccine testing, as scientists are employing new methods for post-clinical safety testing in patients. With the rising number of cases with COVID-19, the medical community is running out of respirators and ventilators. The use of 3D bioprinting technology is assisting in the production of respirators and ventilators, which is helping to alleviate a scarcity of these equipment.

The market for 3D bioprinting is being driven by technological advancements in 3D bioprinters and biomaterials, greater usage of 3D bioprinting in the pharmaceutical and cosmetology industries and rising governmental and private funding to support bioprinting research activities. Several medical applications, such as skin tissue production, cancer therapies, bone and cartilage formation, and liver modelling, have seen significant technological developments in the 3D bioprinting field. The stem cell and regenerative medicine industries are expanding around the world, due to improved stem cell research efforts and financial assistance from several public-private partnerships.

Artificial intelligence (AI) is rapidly being used in 3D bioprinting to build bio-tissues from a digital 3D model utilising a combination of cells, growth factors, and biomaterials in a layer-by-layer method. Artificial intelligence (AI) is a field of science that studies the simulation of human behaviour in machines.

On the other hand, preventing individual adoption of 3D bioprinting are the source of biomaterials utilized for manufacturing 3D bioprinter objects and waste disposal challenges are hampering the growth rate of the market.

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3D Bioprinting Market Size Is Predicted To Grow 21.2% From 2022 to 2027 - Digital Journal