Global 3d cell culture market to expand at 29.2% till 2023

Mumbai
February 13, 2019 - According to a Netscribes’ report published on Research on Global Markets, the global 3D cell culture market is expected to expand at a compound annual growth rate (CAGR) of 29.2% and reach a market size of USD 5.33 Bn by 2023.

According to the report, the limitations imposed by the 2D cell culture model has led to the adoption of the 3D cell culture model. Cell culture involves the growing of cells in an artificially created environment to study their behaviour in response to the environment. 3D cell culture allows cells to grow in an environment that mimics the typical organ microarchitecture. In contrast to the 2D cell culture, cells that grow in a 3D surrounding are subject to better morphological and physiological changes. Thus the advantages presented by the 3D cell culture model in comparison to the 2d cell culture model are key growth drivers for the market.

3D cell culture has its application in the field of tissue regeneration, organ transplantation, and regenerative medicine has further boosted its demand. The global 3D cell culture market can be segmented based on product, end-user, application and region. Based on product type, the market is divided into scaffold-free 3D cells, scaffold-based 3D cells, magnetic levitation, and microfluidics-based 3D cell culture. The scaffold based 3D cell culture product segment will occupy a market share of 36.6% among all the other product types by 2023. Based on the end user, the market can be divided into hospitals, pharmaceutical and biotechnology companies, and research laboratories and institutes. Based on the applications, the global 3D cell culture market is bifurcated into research and development of medicines, toxicology, cancer research, and stem cell research/regenerative medicine.

Geographically, North America held 41.8% of the global 3D cell culture market in the year 2017. The countries in the Asia-Pacific will experience the highest growth rate during the 2018-2023 period due to increasing awareness among researchers about the benefits of 3D cell culture over 2D method and the rising number of contract research activities in this region.

Key highlights of this report:
1. Trends in the global 3D cell culture market.
2. Market attractiveness analysis, and geography-wise market revenue (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
3. Qualitative analysis of the global drivers and challenges affecting the market and its segments
4. Porter’s five forces analysis
5. Market segmentation based on the product (scaffold-based, hydrogels/ECM analogues, micro patterned surfaces/microchips, scaffold-free, 3D bioreactors, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6. Market segmentation based on the end user (biotechnology and pharmaceutical companies, contract research laboratories, and academic institutes) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7. Market segmentation based on applications (medicine discovery and toxicology, cancer research, and stem cell research/regenerative medicine) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
8. Detailed analysis of the key developments and major innovations in the market

For more information, download the Global 3d cell culture market:
https://www.researchonglobalmarkets.com/global-3d-cell-culture-market-2018-2023.html

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This release was published on openPR.