The global 3D Bioprinting Market size is expected to reach USD 6.53 billion by 2030, according to a new study by Polaris Market Research. The report “3D Bioprinting Market Share, Size, Trends, Industry Analysis Report, By Material (Living Cells, Hydrogels, Extracellular Matrices and Other Biomaterials); By Technology; By Application, By End-Use, By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Primary factors responsible for the revenue growth include the rising geriatric population, increased drug testing and research activities, rise in the number of cosmetic surgeries, advancement in the field of regenerative medicine and tissue engineering, growth of the pharmaceutical sector, development of new biomaterials, increasing R&D activities, and favorable government initiatives.
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According to a report published by the United Nations (UN), in 2025, the world's population of people aged 65 or over is projected to rise to 1.5 billion. Due to this factor, three-dimension printing in the orthopedic sector is anticipated to grow. Bio-printed tissue and hair follicles are the most popular three dimension printing applications, as they are particularly advantageous to cosmetics firms, especially in Europe. For the cosmetics industry, the advantage will be the ability to test cosmetics cost-effectively and ethically (i.e., without using animals) across various skin types, resulting in more accurate results.
As per the WHO, about 1.7 billion people across the globe are suffering from musculoskeletal ailments. It is more common among older people and individuals who have osteoporosis. With an aging population, there is an urgent need to tackle such issues with reformative measures, where organ bio-printing can play a pivotal role. Hence, the use of three-dimension printing to develop orthopedic implants is rising as it is more cost-effective and accurate.
3D Bioprinting Market Report Highlights
Polaris Market Research has segmented the 3D bioprinting market report based on technology, material, application, end-use, and region:
3D Bioprinting, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
3D Bioprinting, Material Outlook (Revenue - USD Billion, 2018 - 2030)
3D Bioprinting, Application Outlook (Revenue - USD Billion, 2018 - 2030)
3D Bioprinting, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
3D Bioprinting, Regional Outlook (Revenue - USD Billion, 2018 - 2030)