VANCOUVER, BC, Aug. 17, 2021 /PRNewswire/ -- The global 3D bioprinting market size is expected to reach USD 2,687.8 Million in 2027 at a CAGR of 20.7% during the forecast period, according to the recent report by Emergen Research. Rapid technological advancements in 3D bioprinters, increasing investment to accelerate research and development activities of bioprinters, and rising use of 3D bioprinters to develop biomaterials for drug research and regeneration of joints and ligaments are key factors expected to drive market revenue growth over the forecast period. In addition, numerous advantages of 3D bioprinting in organ reconstruction to treat various end-stage disorders is another key factor contributing to the revenue growth of the market.

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3D bioprinting leverages techniques similar to additive manufacturing to mix up growth factors, cells, and biomaterials to create biomedical parts that can mimic natural tissue attributes. 3D bioprinting leverages layer-by-layer technique to add materials called as bioinks to create tissue-like structures that can be used in medical and tissue engineering procedures. Recent advancements in the technique has expanded its scope in drug design and development by creating target tissues and cells for drug research and testing. In addition, 3D bioprinters can be used to reconstruct tissues from any body part and this has further increased its applications for treating various severe and chronic disorders. Significant progress in tissue engineering and production of biomaterials have contributed considerably to the 3D bioprinting market growth.

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3D bioprinters have been extensively used in vaccine research during the COVID-19 pandemic. Bioprinting is widely being used in the development of regenerative medicines, stem cell therapies, drug research and therapies, and tissue and organ reconstruction. Increasing application of 3D bioprinting in cosmetic and pharmaceutical sector is also a key factor contributing to the revenue growth of the market going ahead. However, lack of skilled professionals and technical knowledge, high costs of 3D bioprinting, and limited access to advanced technologies in developing and underdeveloped countries are some key factors expected to restrain market growth to a significant extent over the forecast period.

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Some Key Highlights in the Report:

Inkjet-based printing segment is expected to account for largest revenue share over the forecast period owing to increasing adoption of ink-jet-based printing in healthcare industry for biofabrication of tissues and cells and in drug delivery approaches owing to its cost-effectiveness, higher reliability, and increased efficiency.

Living cells segmented accounted for a significantly large revenue share in the global market in 2019 and is expected to register considerable revenue growth going ahead owing to increasing use of living cells in stem cell research and regenerative medicine.

Research application dominated other segments in terms of revenue in 2019 and is expected to register robust revenue CAGR over the forecast period owing to increasing investment to accelerate R&D activities, rapid progress in stem cell research, and growing demand for regenerative medicine owing to increasing incidence of chronic diseases.

North America market revenue is expected to expand significantly over the forecast period owing to establishment of state-of-the-art healthcare facilities, increasing R&D activities in stem cell and regenerative medicine, rising investment by public and private organizations, and presence of key players in the region.

Asia Pacific is expected to register robust revenue CAGR over the forecast period owing to increasing demand for tissue and organ transplants, growing preference for cosmetic surgeries, and increasing investment to boost drug research and development.

Key companies in the market include Allevi Inc., Organovo Holdings, Inc., CELLINK, Aspect Biosystems Ltd., Cyfuse Biomedical K.K., EnvisionTEC GmbH, TeVido BioDevices, Poietis, Digilab, Inc., and Nano3D Biosciences, Inc, among others.

In July 2021, T&R Biofab, which is a Korean 3D printer manufacturer, announced successful fabrication of liver tissues and translation into an animal test subject for the first time ever in a groundbreaking research step. Leveraging the firm's 3DX bioprinter, researchers have been able to develop spherical microtissues into structures that can replicate the "lobules" found in human liver.

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For the purpose of this report, Emergen Research has segmented the global 3D bioprinting market on the basis of technology, material, application, and region:

Technology Outlook (Revenue, USD Million; 2017-2027)

Laser-based

Inkjet-based

Syringe-based

Magnetic Levitation

Others

Material Outlook (Revenue, USD Million; 2017-2027)

Hydrogels

Living Cells

Extracellular Matrices

Others

Application Outlook (Revenue, USD Million; 2017-2027)

Clinical Application

Research Application

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Regional Outlook (Revenue, USD Million; 2017-2027)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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3D Bioprinting Market Size to Reach USD 2,687.8 Million in 2027 | Increasing Use of 3D Bioprinters in Medical Procedures, Training and Testing Along...