APAC 3D Bioprinting Market

APAC 3D Bioprinting Market Size (2023 to 2028)

The Asia Pacific 3D Bioprinting market is anticipated to grow at the highest CAGR value of 23.1% during the forecast period.

The growing number of transplantation surgeries and increasing demand for minimally invasive surgeries are driving the 3D bioprinting market growth in APAC. The growing aging population and the increasing population suffering from chronic diseases and insufficient organ donors are anticipated to promote the growth rate of the 3D bioprinting market in APAC. The growing prevalence of advanced treatment procedures in hospitals is also likely to boost APAC's growth rate. In addition, the growing healthcare spending in multiple countries of the APAC region is propelling regional market growth.

The APAC 3D Bioprinting market is one of the most lucrative regional markets worldwide. Countries such as India, China, Japan, and South Korea have increased the adoption of 3D bioprinting and are anticipated to offer growth possibilities to market participants. The APAC market is expected to receive significant support from increasing investments from governmental organizations, which is expected to boost the 3D bioprinting market growth in this region. Furthermore, the increasing number of cosmetic surgeries, less stringent regulations, and growing disposable income are expected to contribute to the market growth in this region.

The scarcity of professionals handling the 3D bioprinter operations is one of the major factors hindering the APAC 3D bioprinting market growth. Furthermore, high costs associated with the machinery of 3D bioprinting are another notable factor inhibiting the growth rate of the APAC 3D bioprinting market. In addition, less availability of biomaterials, the source for 3D bioprinter products, and fewer biotechnological research centers in Asia-Pacific are anticipated to impact regional market growth negatively.

This market research report on the Asia Pacific 3D Bioprinting Market has been segmented and sub-segmented into the following categories:

By Material Type:

• Living Cells
• Hydrogels
• Extracellular Matrices
• Others

By Technologies:

• Micro Extrusion Bioprinting
• Magnetic Levitation
• Inkjet-Based
• Syringe-Based
• Laser-Based
• Others

By Components:

• 3D Bioprinters
• Biomaterials
• Scaffolds

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

APAC is one of the fastest-growing regional markets worldwide. Japan and China held a significant share of the APAC market in 2022, and the domination of these countries in the region is anticipated to continue during the forecast period. The growing emphasis of international market players on capturing the potential of the APAC region is one of the significant factors propelling regional market growth.

During the forecast period, the Indian 3D bioprinting market is anticipated to witness a healthy CAGR from this region. The increasing investments by the Indian government toward R&D centers and growing awareness and adoption of cosmetic surgeries in India are propelling the market growth in India. In addition, the growing adoption of technological developments, favorable reimbursement policies and encouragement for drug discovery, and the growing aging population are further fuelling the 3D bioprinting market growth in India.

The 3D bioprinting market in Japan is expected to witness notable growth during the forecast period owing to the increasing demand for cosmetic surgeries and favorable regulations. To capture the potential of the Japanese market, the market participants invest considerably in Japan. Japan has been experiencing promising developments in the country's healthcare infrastructure over the past few years, which is a plus to the market's growth rate in Japan. During the forecast period, the growing awareness regarding the advantages associated with 3D bioprinting among healthcare professionals is anticipated to fuel the Japanese market.

KEY MARKET PLAYERS:

A few of the notable companies dominating the APAC 3D Bioprinting Market profiled in this report are 3Dynamic Systems Ltd., Organovo Holdings, Inc., CELLINK, Bio3D Technologies, Advanced Solutions, Inc., EnvisionTEC GmbH, Ourobotics, 3D Bioprinting Solutions, BioBots, Inc., Poietis, Cyfuse Biomedical K.K., Aerotech, Inc., GeSIM, Nano3D Biosciences, Inc., regenHU Ltd, and GeSIM.