The current valuation of the 3D bioprinted organ transplant market in 2022 is US$ 1.3 billion and it is projected to grow at a CAGR of 20% during the forecast period to reach a market value of US$ 8 billion by 2032.
Attributes
Details
Market Valuation (2022)
US$ 1.3 billion
Market Valuation (2032)
US$ 8 billion
CAGR
20%
Critical factors positively influencing the growth of the 3D bioprinted organ transplant market are:
With the advancement in technology, there is increasing acceptance of 3D bioprinting organ transplant
Increasing demand for organ transplants due to the global rise in chronic illnesses
Nuanced application in orthopedic surgery for replacing broken or irreparable bones
Application in the development of prosthetic limbs with high mobility
Long wait time and steadily increasing wait list for organ donors
Stringent laws and regulations surrounding organ donation
Higher costs and technicalities associated with preserving and transplanting live organs
These carry a lesser risk of rejection by the immune system as compared to traditional donor-donated organs
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Application in Orthopaedic Procedures to Boost Product Demand
With the development of robotics and Artificial Intelligence (AI), 3D bioprinting technology is expected to improve during the forecast period. This is expected to drive demand for nuanced applications for developing prosthetics and replacing broken bones in orthopedics.
Greater patient awareness and openness to advanced medical procedures are projected to create a larger demand pool for 3D-printed prosthetics. This can be further enhanced by the use of Artificial intelligence, and wireless control for better consumer satisfaction.
Lack of Technical Expertise Becomes Major Market Deterrent
Development and application of 3D bioprinting requires skilled professionals. The dearth of the same is expected to impact market growth prospects during the forecast period. Application of 3D printing requires meticulous overseeing for which intensive technical training is required.
Further, technical oversee is required in two stages: during design and during printing. Both stages warrant the application of unique skills. Highly professional individuals are needed to operate sophisticated bioprinting equipment that uses advanced technologies.
Complicated Designing & Printing Process to Affect Market Growth Prospects
Since the 3D bioprinting process requires the application of multiple pieces of equipment, the process becomes extremely complicated. The development of highly precise 3D printing equipment requires mathematical precision.
Manufacturing precise equipment is difficult, which has led to the deployment of faulty variants. This is the reason why 3D bioprinting is yet to find wide-scale commercial utility. The market is also deterred by the lack of availability of biomaterials needed for printing.
North America Dominates the Regional market Due to Government & Private Initiatives
The North American region is expected to dominate the market during the forecast period, due to extensive impetus given to its application by both governemnts and private entities. Due to availability to sophoisticated technical expertise, the seamless application of 3D bioprinting has become possible in the developed nations of North America.
The region also boasts the presence of key market players that are investing heavily into research and development.
3D printing is a technology which has moved from the realm of science fiction into fact in the last thirty years. It even received a ringing endorsement from U.S. President Barrack Obama himself in his 2013 State of the Union Address.
Another name for 3D printing is additive manufacturing. 3D printing creates real objects out of digital blueprints in a process where the material is layered step by step. It can find wide application in a diverse range of fields like automobile manufacturing, aerospace, textile, construction, Information Technology and even medicine.
An area which is often spoken of as the future in medicine is the 3D bioprinted organ transplants market. 3D bioprinting is a method of reproducing cell patterns with the help of 3D printers, where the cell function is largely preserved within the product.
The 3D bioprinted organ market creates organs in a similar layer-by-layer approach for forming human tissue-like structures. These bioprints are useful in tissue and medical engineering. The main goal of the 3D bioprinted organ transplants market is to eventually create fully functional organs which can be transplanted into patients. While still not technically possible, most experts agree that it is only a question of when it will happen, not if.
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3D Bioprinted Organ Transplants Market Drivers
One of the key drivers of the 3D bioprinted organ transplant market is the severe shortage of organs available for emergency situations. According to the global non-profit organisation Open BioMedical Initiative, only 18% of the 154,324 patients requiring an organ in the U.S. in 2009 actually received one. 8863 patients died just waiting for it.
Another advantage for 3D bioprinting organs is being able to customise an organ according to the patient. Cells are taken from the patient itself and are then re-engineered to create the desired organ. This ensures that the body does not treat the donor organ as ‘foreign’ which forces doctors to prescribe lifelong immunosuppressant to the patient. 3D bioprinted organs can also be useful in lieu of animals used for research purposes.
There is a growing intolerance from the public towards using animals in any kind of medical research due to the insensitivity and cruelty of such procedures. 3D bioprinted organs could replicate the animal tissue and could allow testing without any ethical or moral conundrum.
3D Bioprinted Organ Transplants Market Restraints
There are a few issues which pose a major challenge to the 3D bioprinted organ transplant market. The first is that of the organ viability. Human liver tissues have been replicated already for research purposes but they have a shelf life of around 40 days.
While this is acceptable for short-term studies, it can hardly replace an actual organ. It could be years before we manage to develop a bioprinted 3D organ fit for transplant. The 3D bioprinted organ transplant market can also cause several ethical questions to be raised.
3D bioprinting might allow organs to be replaced in a convenient and pain-free manner. So it may also change people’s behaviour. For e.g. - if a person knew they could replace their liver in a few days, would they then begin consuming more alcohol potentially making them addicts.
The last impediment could be the difficulty to fully replicate the human body. We have still not fully understood its intricacies and complexities. There could be a strong chance that the bioprinted organ would only conform to the outcomes of the experiments or parameters defined i.e. it may not work in any unforeseen circumstance.
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3D Bioprinted Organ Transplants Market Key Regions
3D bioprinting is being eagerly promoted across the world for its disruptive potential in healthcare. North America is the largest 3D bioprinted organ transplants market at present due to a supportive government committed to improving healthcare, a larger geriatric population and a high disposable income. China and India are the 3D bioprinted organ transplant markets to look out for in the next decade or so.
3D Bioprinted Organ Transplants Market Key Market Players
Some players involved in the 3D bioprinted organ transplant market include Organovo, EnvisionTEC, RegenHU,Cyfuse, Regemat3D, Biobot, 3D Bioprinting Solutions, Pandorum Technologies and Bio3D and Aspect Biosystems.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (US, Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, UK, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Frequently Asked Questions
What is the Growth Outlook for 3D Bioprinted Organ Transplant Market?
The market is likely to register a CAGR of 20% through 2032.
What is the Current Valuation of the Market?
The market is currently valued at US$ 1.3 Bn in 2022.
How is the Future of the Market?
The market is likely to grow to a valuation of US$ 8 Bn by 2032.
Which is the Leading Region in the Market?
North America is likely to be a leading market during the forecast period.
