In Vitro Lung Model Market to 2023 – Growing Steady at 17.5% CAGR and Projected to Reach US$ 427.4 Million

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In Vitro Lung Model Market Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2023. It aims at estimating the market size and the growth potential of this market across different segments, such as industry, application, solution, type, and region.

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%. Most Popular Companies in the 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).

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“The 3D models segment is expected to grow at the highest CAGR during the forecast period.”
The Lung in Vitro Models Market is segmented into 2D cell models and 3D cell models. 3D cell models are further segmented into in-house 3D models and commercialized 3D models (ready-to-use). The 3D cell models segment is projected to grow at the fastest rate during the forecast period owing to the rising need for efficient lung in vitro models that mimic in vivo physiology.

“The drug discovery and toxicology applications of 3D lung in vitro models to grow at the highest rate during the forecast period”
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.

“APAC to witness the highest growth during the forecast period.”
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.

Break of primary participants was as mentioned below:
• By Company Type – Tier 1–45%, Tier 2–34% and Tier 3–21%
• By Designation– C-level–59%, Director Level–28%, Others–13%
• By Region – North America–40%, Europe–32%, Asia Pacific–20%, RoW–8%

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

• 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 define, describe, and forecast the lung in vitro models by type, application, and region

• 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

Target Audience for In Vitro Lung Model Market: Pharmaceutical industries, Biotechnology companies that are into tissue engineering and development of 3D in vitro models, Academic and government research institutes, Venture capitalists and investors, Contract research organizations (CROs).

Competitive Landscape of In Vitro Lung Model Market:
• Market Overview
• Market Evolution Framework
• Market Ranking Analysis
• Competetive Situations and Trends
• Agreements, Partnerships, and Collaborations
• Product Launches and Upgrades
• Expansions

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This release was published on openPR.