Bioink Market Expected to Reach US$ 1.03 Billion by 2034 with 18.8% CAGR
In 2024, the global bioink market (バイオインク市場) is estimated at US$ 185.6 million. Forecasts project a remarkable Compound Annual Growth Rate (CAGR) of 18.8%, catapulting the demand for bioinks to reach a substantial market value of US$ 1.03 billion by 2034.Recent years have witnessed a consistent rise in the necessity for organ replacements and tissue regeneration. Innovations in these fields are anticipated to facilitate the transformation of damaged tissues into fully functional organs or tissues through the process of 3D bioprinting. Bioinks play a pivotal role in 3D bioprinting by serving as essential components in the development of organ structures. Numerous companies are actively involved in the development of bioink products, which are tailored solutions for the 3D bioprinting of organs and tissues.
The notable expansion in tissue engineering and regenerative medicine is expected to spur the creation of artificial tissue models, revolutionizing the landscape of medicine. These advanced methodologies are poised to enable the fabrication and integration of extracellular matrix and cells. Moreover, bioprinting is set to emerge as a pivotal technology in 3D biomanufacturing, facilitating precise control over cellular structures.
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Key Takeaways from Market Study
The global bioink market (바이오잉크 시장) is estimated at US$ 185.6 million in 2024.
Worldwide demand for bioink is predicted to reach a market value of US$ 1.03 billion by the end of 2034.
The market is projected to advance at a prolific CAGR of 18.8% from 2024 to 2034.
North America is forecasted to account for 56.9% share of global market revenue by 2034.
Sales of bioinks in China are predicted to rise at 20% CAGR and reach US$ 26.3 million by the end of 2034.
Natural bioinks are projected to account for 71.6% of global market share by 2034.
Higher Flexibility of Extrusion-based Bioprinting
Extrusion-based bioprinting is utilized in the production of objects as per CAD (computer-aided design) data through layering. The increased popularity of extrusion-based bioprinting is due to its higher flexibility in producing various biological products such as organ modules, tissues, microfluidic devices, cells, and tissue constructs. This growing adoption of the technique in different fields like clinics, pharmaceuticals, and research is creating opportunities for various players.
Key Market Players
Merck KGaA,
CELLINK,
CollPlant Biotechnologies Ltd.,
Humabiologics,
Allevi, Inc.,
Black Drop Biodrucker Gmb,
Foldink,
UPM Biomedicals,
Axolotl Biosciences,
Manchester BIOGEL,
TheWell Bioscience Inc.,
3DPL.
Competitive Landscape:
Prominent bioink manufacturers are continuously enhancing their product offerings with advanced technologies and actively engaging in mergers and acquisitions. They are also focusing on quality control, supply chain management, and new developments to maintain a competitive edge in the market.
For example:
CollPlant introduced Collink.3DTM in November 2021, designed for 3D bioprinting applications in human organs, scaffolds, and tissues.
BICO acquired Advanced BioMatris in August 2021, a US-based company with a strong portfolio of collagen bioinks, chemically modified proteins, and other cell assays, enhancing BICO's research applications in 3D bioprinting.
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Segmentation of Bioink Market (Bioink-Markt) Research
By Material:
Agarose
Alginate
Chitosan
Collagen
Fibrinogen
Gelatin
Hyaluronic Acid
Graphene
Hydroxyapatite
Cell- & Tissue-derived ECM
Poly (Ethylene Glycol) Diacrylate (PEGDA)
By Source:
Natural
Synthetic
By Printing Modality:
Extrusion-based Bioprinting
Inkjet-based Bioprinting
Laser-based Bioprinting
By Application:
Tissue Engineering & Regenerative Medicines
Tissue Transplantation
Pharmaceuticals & High-throughput Screening
By Organ:
Human Ears
Kidneys
Liver
Heart
Skin
Cartilages
Bones
Stem Cells
Blood Vessels
Cancer Research
Lungs
Muscles
By End User:
Medical Device Manufacturers
Pharmaceutical Companies
Research & Academic Institutions
Contract Research Organizations
By Region:
North America
Europe
East Asia
Latin America
Middle East & Africa
South Asia & Oceania
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