Factors driving the global 3D cell culture market include, ban on research and testing on animals, growing need for organ transplantation due to large patient database, and rising investment on R&D by various pharmaceutical and biotechnological companies.
Global 3D Cell Culture Market Report, published by Variant Market Research, forecast that the global market was valued at $920 Billion in 2016 and is expected to reach $4,899 Billion by 2024, growing at a CAGR of 23.3% from 2016 to 2024. In geographical segments, Asia Pacific and North America are expected to grow at a CAGR of 24.5% and 23.2%, respectively, during the forecast period 2016-2024.
Increased investment in healthcare, research & development by various pharmaceutical and biotechnological companies, and other research-related activities are the major factors driving the 3D cell culture market. Other key drivers for 3D cell culture market is ban on research and testing on animals, growing need for organ transplantation due to large patient database.However, lack of experienced and skilled professionals, lack of consistency in 3D cell culture products, and budget restriction for small and medium sized laboratories may hinder the growth of the market. Development of 3D cell culture for formulating personalized cosmetics would provide growth opportunities for the market in the near future.
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The global 3D cell culture market is segmented into technology, application, and geography. By technology, the market is further categorized into extracellular matrices, bioreactors, gels, Scaffold free platform, and microchips.
By application, the market is sub-segmented into research, drug discovery, tissue engineering, clinical applications, and stem cell biology. Furthermore, end-user is categorized into research laboratories & institutes, biotechnology & biopharmaceutical industry, and hospital & diagnostic centers.
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By geography, North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the major geographical segments of the global 3D cell culture market. Asia Pacific is the fastest growing region in the global 3D cell culture market, owning to increasing government funding for research and development and rising scope for outsourcing.
Moreover, Europe accounted the largest share of the market followed by North America, in the year 2016.
The key market players comprise of Merck & Co., Inc., Corning Incorporated, Dickinson and Company, Lonza Group, Kuraray Co., Ltd., 3D Biotek LLC, Becton, Advanced Biomatrix, Inc., Thermo Fisher Scientific Inc., LLC, and Global Cell Solutions, Inc., VWR International among others.
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Scope of the Global 3D Cell Culture Market
- Extracellular Matrices
- Scaffold Free Platform
- Drug Discovery
- Tissue Engineering
- Clinical Applications
- Stem Cell Biology
- Research Laboratories & Institutes
- Biotechnology & Biopharmaceutical Industry
- Hospital & Diagnostic Centers
- North America
- South Korea
- South America
- Middle East
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients.
We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
Category: Market Research Publishers and RetailersCompany about: Variant Market Research offers syndicated and customized report to fulfill client’s objective. We also provide customized data pack proposing market sizing in an Excel/PDF/Power point or Word format as per the requirement of clients. We cover several industry domains namely- Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipmen ...
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