The 3D Cell Culture Market Is Expected To Reach USD 1,702.3 Million By 2022 From USD 682.8 Million In 2017, At A CAGR Of 20.3%
LONDON, Nov. 21, 2017 /PRNewswire/ -- "Global 3D cell culture market projected to grow at a CAGR of 20.3%"
The 3D cell culture market is expected to reach USD 1,702.3 million by 2022 from USD 682.8 million in 2017, at a CAGR of 20.3%. The rising focus on developing alternative methods for animal testing, funding initiatives from government and private investors, technological advancements and product launches, and growing awareness are driving the growth of the 3D cell culture market. On the other hand, market growth may be limited to a certain extent due to the lack of infrastructure for 3D cell-based research.
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"Scaffold-based 3D cell culture products are expected to grow at the highest CAGR during the forecast period"
By product, the 3D cell culture market is segmented into scaffold-based 3D cell culture, scaffold-free 3D cell culture, microfluidics-based 3D cell culture, and magnetic levitation and 3D bioprinting. The scaffold-based 3D cell culture products segment is projected to register the highest CAGR during the forecast period. The high growth in this segment is attributed to the ability of scaffold-based products to mimic in vivo conditions, thus driving their adoption among end users.
"Cancer and stem cell research segment is expected to dominate the market during the forecast period"
Based on the applications, the 3D cell culture market is segmented into cancer and stem cell research, drug discovery and toxicology testing, and tissue engineering and regenerative medicine. The cancer and stem cell research segment is expected to dominate the market during the forecast period. The increasing incidence of cancer and significant funding initiatives for cancer research from government as well as private organizations are supporting the growth of this application segment.
"Europe to witness high growth during the forecast period"
In 2017, North America is expected to account for the largest share of the market followed by Europe. However, Europe is expected to register the highest CAGR during the forecast period. The high growth in this regional segment is attributed to the growing prevalence of cancer, increasing venture capital investments, availability of technologically advanced products, strategic expansion of market players, and growing awareness of 3D cell culture through various conferences, symposia, workshops, and forums.
The primary interviews conducted for this report can be categorized as follows:
- By Company Type: Tier 1 – 25%; Tier 2 - 30%; Tier 3 - 45%.
- By Designation: C-level- 25%; D-level- 40%; others- 35%.
- By Region: North America-41%; Europe-30%; Asia-24%; RoW-5%.
List of companies profiled in the report
- Thermo Fisher (US)
- Corning (US)
- Lonza (Switzerland)
- Merck (Germany)
- ReproCELL (Japan)
- InSphero (Switzerland)
- Global Cell Solutions (US)
- Synthecon (US)
- 3D Biotek (US)
- Kuraray (Japan)
- Hamilton Company (US)
- Mimetas (Netherlands)
- Emulate (US)
- Nano3D Biosciences (US)
- QGel (Switzerland)
Research Coverage:
The report provides an overview of the 3D cell culture market. It aims at estimating the market size and future growth potential of this market across different segments such as product, applications, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenues for the overall 3D cell culture market and its subsegments. This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provide them with information regarding key market drivers and opportunities.
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