In Vitro Lung Model Market to Reach US$ 427.4 Million Growing at CAGR 17.5% by 2023 | Global Leading palyers like Epithelix, MatTek Corporation, Lonza, ATCC, In Sphero etc.

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The lung In Vitro Models Market is expected to reach US$ 427.4 Million by 2023 from an estimated US$ 190.5 Million in 2018, at a CAGR of 17.5%. Focus on developing alternatives for animal testing models, advancements in 3D cell culture technology, and the development of new 3D in vitro models are factors driving the growth of this market.

Top Key Players in this “In Vitro Lung Model Market” include are
• Epithelix (Switzerland)
• MatTek Corporation (US)
• Lonza (Switzerland)
• ATCC (US)
• In Sphero (Switzerland)
• Emulate (US)
• AlveoliX (Switzerland)
• Oncotheis (Switzerland)
• Insphero (Switzerland)
• TissUse (Switzerland)
• Mimetas (Netherlands)
• CN Bio Innovations (UK)

Complete report on In Vitro Lung Model Market spread across 100 pages, profiling 9 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=1474713 .

Based on application, the market is segmented applications of 2D models and 3D models. Applications of 2D models include drug discovery and toxicology, 3D model development, and basic research and the applications of 3D models include drug discovery and toxicology, physiological research, and stem cell research & regenerative medicine.

The APAC region is expected to register the highest CAGR during the forecast period. A growing economy, increasing healthcare investments which lead to increased research activities and in drug discovery, improving public health awareness of lung diseases, and increased funding for lung research are key market drivers in Asia Pacific.

The Study Objectives of this report are:

• To provide detailed information about factors influencing market growth (drivers, opportunities, and challenges)

• To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders

• To track and analyze competitive developments such as acquisitions; product developments; partnerships, agreements, and collaborations; and expansions in the laboratory automation market

• To forecast the size of in vitro lung model industry segments with respect to the four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)

• To profile key players and comprehensively analyze their core competencies in terms of key market developments, product portfolios, and financials

Target Audience:
• Pharmaceutical industries
• Academic and government research institutes
• Contract research organizations (CROs)
• Venture capitalists and investors
• Biotechnology companies that are into tissue engineering and development of 3D in vitro models

Reasons to Buy the Report:
The report will help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in-turn would help them, garner a greater market share. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.

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This release was published on openPR.