In Vitro Lung Model Market Future Prospects with Booming Key Players MATTEK, LONZA, InSphero, Emulate, Inc., AlveoliX AG, Thermo Fisher Scientific Inc

The report provides trends prevailing in the global in vitro lung model market and the factors driving the market along with those that act as hindrances. The market for in vitro lung model is expected to grow, owing to factors such as significant growth in research funding, and increasing adoption of 3d model systems for in vitro studies. Moreover, rising research on lung diseases are likely to have a positive impact on the growth of the market in the coming years. The market for in vitro lung model is expected to grow, owing to factors such as significant growth in research funding, and increasing adoption of 3d model systems for in vitro studies. Moreover, growing research on lung diseases are likely to have a positive impact on the growth of the market in the coming years.

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The key players influencing the market are:

Epithelix Sarl
MATTEK
LONZA
InSphero
Emulate, Inc.
AlveoliX AG
Thermo Fisher Scientific Inc
PromoCell GmbH
Merck KGaA
Horizon Discovery Group plc

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including MedicalTechnology, Life Science, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall In Vitro Lung Model Market globally. This report on 'In Vitro Lung Model Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

The global in vitro lung model market, based on the type, is segmented into 2D, and 3D. In 2018, the 3D segment held the largest market share of the in vitro lung model market. This segment is also projected to dominate the market in 2027 as 3D in vitro lung models enhance the expression of gene regulation, soluble factors, and response to therapeutic agents.

According to The Insight Partners market research titled 'In Vitro Lung Model to 2027 - Global Analysis and Forecasts by Type, and Application.' The global in vitro lung model market is anticipated to reach US$ 701.81 Mn in 2027 from US$ 185.80 Mn in 2018. The market is anticipated to grow with a CAGR of 16.2% from 2019-2027. The report provides the trends prevailing in the global In vitro lung model market and the factors driving the market along with those that act as hindrances.

Market Insights

Significant Growth in Research Funding

Research and development is crucial part of the company's business. The biotechnology companies focus on the research and development (R&D) to come up with new molecules for various therapeutic applications with the greatest medical and commercial potential. The companies are invest majorly on the R&Ds with the aim of developing high quality and innovative products to the market. As per the report of Pharmaceutical Research and Manufacturers of America (PhRMA), the Research and Development expenditure of the biopharmaceutical companies has increased from US$ 49.6 billion 2012 to US$ 58.8 billion in 2015. R&D spending by the major companies operating in this market has increased over the years.

Around 60 percent of investigational drugs fail in clinical trials due to a lack of efficiency, in spite of promising results in pre-clinical studies using animal research models. Thus, in September 2017, NIH funded $15 million to develop 3-D human tissue models.

Furthermore, InSphero AG, an innovative provider of 3D cell-based platforms for drug discovery and efficacy testing, received USD 10 million to further improve its discovery platforms for metabolic diseases and cancer.

Thus, the growing research funding by the companies operating in this market is likely to favor the growth of the in-vitro lung model market.

Rising Research on Lung Diseases

The cases of asthma, lung cancer, and COPD has been growing across the globe at a significant rate. Thus there is a growing need to study lung diseases specifically. Since early 2010's the practices of creating lab-grown organ buds, mostly referred to as 'organoids', have become more popular. These organ buds are miniature organ-like structures that are maintained in the lab, and researchers are able to grow these organoids, which resembles human body tissues. Lung diseases such as chronic obstructive pulmonary disease (COPD), idiopathic pulmonary fibrosis (IPF) among others are significantly causing death and illness worldwide.

Strategic Insights

Growth strategies through several organic and inorganic such as approvals, product launch, agreements, and partnerships have been witnessed in the market of In vitro lung model. For instance, in June, 2018, The US patent office accepted the patent for the AlveoliX lung-on-chip system which assist is developing drug candidates for lung diseases.

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