March 9, 2023/Industry News Global/ -- This new report from Stratview Research analyses the 3D Bioprinting Market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2026. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

3D Bioprinting Market Overview:

The 3D bioprinting market is likely to grow from USD 1.5 Billion in 2022 to reach USD 4.44 billion by 2028 at a healthy CAGR of 19.82% during the forecast period.

What is 3D Bioprinting?

3D bioprinting is a form of additive manufacturing that utilizes 3D printing to fabricate biomedical parts which maximally imitate natural tissue characteristics. This printing utilizes the layer-by-layer method to deposit materials called bioinks, to create tissue-like structures which are later used in tissue and medical engineering fields.

Drivers

The limited number of organ donors and an increasingly senior population with chronic respiratory diseases are expected to boost the demand for 3D bioprinting.

Some other factors augmenting the market growth are-

• Increasing R&D investment
• Growing incidence of chronic diseases
• Rising technological advancement

Moreover, a surge in public and private funding to support bioprinting research activities further offer immense growth opportunities to the industry players in the coming years.

Regional Trends

North America shares more than 30% in 2021 and is expected to lead throughout the forecast period and Asia Pacific is the fastest-growing market with shares of more than 21% in 2021 .This is mainly attributed to a growing demand for 3D bioprinting as this technology has been reconnoitered for drug testing and organ transplantation. Also, the highly advanced healthcare industry, presence of major market players, robust research & development infrastructure, growing awareness of 3D Bioprinting, and technological developments in the region, further proliferate the regional market growth.

Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/2070/3D-Bioprinting-Market.html#form

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