(PharmaNewsWire.Com, January 27, 2023 ) As per the Maximize Market research, a global business and consultancy firm, the global “Bioink Market” was USD 128.63 million in 2021 is expected to grow at a CAGR of 20.48 percent during the forecast period to reach USD 571.03 million by 2029.
Bioink Market Scope and Research Methodology
For the research, the Bioink market has been divided into four major segments: component, source, application area, material and various sub-segments. The report provides an analysis of the current activities and trends with revenue at the global, regional and local levels. The report contains an analysis of market estimates and trends in various countries. The Bioink market report includes data collected by both primary and secondary research methods. Further, this data is analyzed by SWOT, PESTLE and PORTER’s five force analysis which provides information of Bioink market drivers, restraints, opportunities and regional insights.
Increased demand of tissues and organs for transplantation and advancements in 3D bioprinting are expected to drive the Bioink market growth. Increasing research on growing stem cell and use of 3D bioprinting in cosmetic industry, drug discovery processes are expected to drive growth for Bioink product market.
Bioink Market Regional Insights
Asia Pacific region dominated the 3D bioprinting market with share of 23.7 percent. The region is expected to maintain its leadership through the forecast period. China and Japan are leading the regional Bioink market which is attributed to factors such as increased government spending and research and development.
Maximize Market Research is leading materials and chemical research firm, has also published the following reports:
Ink Resins Market : The market is expected to grow at a CAGR of 5.2 percent through the forecast period to reach USD 5.31 billion by 2029. Increasing demand for printing inks and research and development in the field are expected to drive market.
Printing Inks Market : The market is USD 20.31 billion in 2021 is expected to grow at a CAGR of 5.93 percent to reach USD 32.20 billion by 2029. The market is driven by increased demand for printing and publishing activities and advancement in technology.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 6,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.
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