3D Cell Culture Market Size to Reach at CAGR of 29% by 2023 with Market Key Players -3D Biotek, LLC; Advanced Biomatrix, Inc.; Becton, Dickinson and Company; Corning Incorporated, Kuraray Co., Ltd., Lonza Group Ltd., Merck & Co., Synthecon Incorporated, T

3D Cell Culture Market Size and Growth Rate:

The Global 3D Cell Culture Market size is expected to reach USD 5.33 Billion by 2023, expanding at a compound annual growth rate of 29.2% during the 2018-2023 period.

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3D Cell Culture Market Overview:

3D cell culture is specific in vitro technique in which cells are grown in an artificially created environment, which look like the in vivo environment variety. This technique stimulates the normal cell to differentiate, proliferate, and migrate by interacting with their three-dimensional surroundings. The homotypic and heterotypic 3D tissue culture models mimic the physiologic, histologic, and functional properties of the respective tissues. These properties influence different cellular functions such as adhesion, migration, gene expression, and proliferation.

Its applications have been extended to include cancer, stem cell research, drug discovery, and regenerative medicine. Used in the fields of biotechnology, pharmaceutical companies, contract research laboratories, and academic institutes, the method is applicable across various avenues.

3D Cell Culture Market Growth Drivers and Restraints:

Despite initial investments, low operating costs of industries and laboratory setups and rise in government investments for healthcare due to increased risk of diseases such as cancer boosts the market growth. Various government organizations, private companies, and pharmaceutical and analytical instrumental companies have largely invested in the 3D cell culture projects to meet the demand of the novel drug discoveries and organs development.

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3D Cell Culture Market Geographical Segmentation:

The major markets for this segment are North America, Asia Pacific, Europe and the rest of the world. Asia-Pacific possesses a high market potential for the 3D cell culture market, owing to a rise in demand for drug discovery and increase in focus on the biotechnology industry. The European market also is alone estimated to reach $ 1,067.8 Mn by the end of the forecast period. This leading market region will witness a strong CAGR of 28.7% because of its growing focus on biotechnology and research.

Key Players of the 3D Cell Culture Market:

The key players in the market are 3D Biotek, LLC; Advanced Biomatrix, Inc.; Becton, Dickinson, and Company; Corning Incorporated, Kuraray Co., Ltd., Lonza Group Ltd., Merck & Co., Synthecon Incorporated, Thermo Fisher Scientific Inc. and VWR Corporation.

The major players in the industry have adopted agreements and partnership for developmental strategies to strengthen the market foothold. Lonza Group Ltd. signed an agreement with TAP Biosystems to distribute the former’s RAFT 3D cell culture system, which helps Lonza expand its presence in the global market. This culture system is used by researchers to create physiologically similar cell culture models for drug discovery and development.

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