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3D-Printed Organs Market projected to reach USD 2.99 Billion by 2030, growing at a CAGR of 18.51% during the forecast period of 2023-2030

04-23-2024 03:48 PM CET | Health & Medicine

Press release from: Marketdigits

3D-Printed Organs Market projected to reach USD 2.99 Billion

The Global 3D-Printed Organs Market was valued USD 2.13 Billion in 2023 and projected to reach USD 2.99 Billion by 2030, growing at a CAGR of 18.51% during the forecast period of 2023-2030.

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Major Vendors in the global 3D-Printed Organs Market - Organovo Holdings Inc., Modern Meadow, Poietis, REGEMAT 3D S.L., Cellbricks, Nano3D Biosciences, Inc., Medprin Regenerative Medical Technologies Co., Ltd, EnvisionTEC, nScrypt, Advanced Solutions, Inc., Digilab Inc., TeVido BioDevices, Aspect Biosystems Ltd., Cyfuse Biomedical K.K., CELLINK GLOBAL, 3D Systems, BioBots, Rokit Healthcare, Tissue Regenix Group, LIFE 3D and Others.

Market Overview

The market for 3D-printed organs signifies a groundbreaking progression at the convergence of biotechnology, medical science, and additive manufacturing. This domain revolves around harnessing 3D printing technology to fabricate fully operational human organs, employing a method that constructs layer upon layer while adhering to the principles of regenerative medicine. The substantial growth of the 3D-printed organs market is substantially attributed to the widespread occurrence of chronic illnesses. Moreover, heightened utilization and deployment of 3D organs, coupled with an aging demographics inclined toward medical procedures is anticipated to bolster the overall market expansion. The mounting research and development endeavors in 3D printing technology, coupled with governmental investments in pertinent projects, are poised to unveil novel prospects for market advancement. However, the creation of 3D-printed organs can entail considerable costs due to the specialized apparatus, materials, and expertise involved. Ensuring the compatibility of bio-inks and materials to avoid immune responses remains a pivotal challenge. The 3D-printed organs arena holds substantial potential to reshape the medical panorama by mitigating organ shortages and redefining transplantation methodologies. Although challenges persist, the continuous strides in technology, materials, and research are projected to impel the market onward, thereby paving the path for an era where customized, functional organs materialize as reality.

Growing demand for organ transplants and the shortage of available organs for transplantation

The market's expansion is fueled by an increasing demand for organ transplants and the inadequacy of available organs for transplantation. Traditional transplantation relies on organs donated by deceased or living individuals, yet a substantial disparity exists between the number of patients requiring transplants and the accessible organs. This deficit leads to protracted waiting lists and frequently culminates in patient fatalities prior to suitable organs becoming accessible. The advent of 3D-printed organs holds promise in remedying this shortage by enabling the fabrication of organs as needed, tailored to individual patient requirements. This innovation has the potential to fundamentally transform the transplantation field by offering a solution to the scarcity of organs.

Through 3D printing, organs can be produced to precisely match the patient's anatomical structure, thereby reducing the risk of organ rejection and bolstering transplant success rates. The rapid production facilitated by 3D printing shortens the time patients spend on transplant waiting lists, consequently enhancing their odds of survival. These bioprinted organs are an integral component of the wider regenerative medicine domain, which strives to repair or substitute damaged tissues and organs, thereby revolutionizing medical practices across diverse fields. Nevertheless, it is noteworthy that the development and widespread acceptance of 3D-printed organs encounter challenges such as regulatory clearance, scalability, cost-effectiveness, and long-term safety. While the potential advantages are substantial, further efforts are imperative to fully actualize the potential of this technology within the healthcare sector.

Market Dynamics

Drivers:

Increasing geriatric population with chronic respiratory diseases
Advances in 3D printing technology
Development of new bioinks
Opportunities:

Improvement of 3D printing techniques
Advancements in Biomaterials
Advancement in 3D printing techniques

The evolution of 3D printing techniques has been nothing short of remarkable, marked by a continuous quest for improvement and innovation. One significant area of enhancement lies in precision and resolution. Advancements in printing technologies, such as stereolithography and selective laser sintering, has allowed for finer details and smoother surfaces in printed objects. This increased precision is particularly crucial in the field of 3D-printed organs, where intricate anatomical structures demand a high level of accuracy. Moreover, improvements in printing speed have been a focal point.

Faster printing not only enhances efficiency but also broadens the scope of applications, making 3D printing more viable for large-scale production in various industries. This acceleration is attributed to developments in both hardware and software, streamlining the entire printing process. Furthermore, the shift toward multi-material and multi-modal printing has opened new possibilities. Combining different materials in a single print allows for the creation of complex, heterogeneous structures with diverse properties. In the context of 3D-printed organs, this capability is instrumental in replicating the intricate composition of natural tissues and organs. The continuous improvement of 3D printing techniques is a dynamic and interdisciplinary endeavor. It involves advancements in hardware, software, materials, and intelligent systems, all converging to push the boundaries of what is possible in the realm of additive manufacturing. As these techniques advance, the potential for groundbreaking applications, particularly in the field of 3D-printed organs, continues to expand, bringing us closer to a future where personalized, functional organs are a reality.

The market for 3D-printed organs is dominated by North America.

In 2023, North America takes the lead in the 3D-printed organs market, trailed by Europe and Asia-Pacific. The North American region is characterized by a heightened incidence of chronic ailments like heart disease, cancer, and diabetes. These conditions often culminate in organ failure, significantly propelling the demand for 3D-printed organs. Substantial investments from both governmental bodies and private organizations in North America are channeled into the research and development of 3D-printed organs. Consequently, this momentum fuels the emergence of novel and advanced 3D printing technologies, facilitating the creation of intricate and lifelike organs. In the realm of North American 3D-printed organs, prominent players such as Organovo Holdings, Inc., RegenHU, Inc., and 3D Bioprinting Solutions, Inc., hold sway. These entities commit substantial resources to research and development endeavors, propelling innovation and ushering innovative products into the market.

Asia-Pacific is poised to undergo swift expansion within the 3D-printed organs market. Demonstrating an exceptional propensity for embracing novel technologies, the region is adept at rapidly assimilating innovations. This predisposition positions the area favorably to harness advancements in 3D printing, particularly in the realm of organ fabrication. The region's densely populated and diverse demographics provides an extensive reservoir of potential patients for organ transplants.

This substantial recipient pool fosters a heightened demand for forward-looking solutions like 3D-printed organs. Furthermore, numerous countries in Asia-Pacific have made remarkable advancements in medical research and healthcare innovation. The synergy of medical expertise with cutting-edge 3D printing technology is expected to expedite both the development and adoption of 3D-printed organs. In light of these factors, it is anticipated that Asia-Pacific will observe a notable upswing in research, developmental initiatives, and the incorporation of 3D-printed organs in the years to come. This trajectory is poised to significantly contribute to the accelerated expansion of the market across the region.

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Recent Developments

In May 2023, Bioprinting Solutions announced that it had partnered with the University of California, San Francisco to develop 3D-printed heart tissue. The partnership will use the university's expertise in heart disease to develop tissue that can be used to repair damaged hearts.
In April 2023, Organovo Holdings announced that it had received FDA approval to begin clinical trials of its 3D-printed bladder tissue. The trials will test the safety and effectiveness of the tissue in patients with bladder cancer.

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MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

We offer services that are most relevant and beneficial to the users, which help businesses to sustain themselves in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

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