In Vitro Lung Model Market to Witness Heightened Revenue of US$ 701.81 million in 2030 Exhibiting a CAGR of +16% | Epithelix Sàrl, MATTEK, LONZA, InSphero

In vitro models are very vital in medicine and biology research, as they provide essential information of cells in an organ. The organ on the chip is a device that has cultured cells on the microfluidic chip. The chip mimics the bioactivities, mechanics, and physiological behavior of the organ systems. Lung in vitro models help in understanding the processes like drug discovery, stem cell research, personalized medicine and others. The growth of the global in vitro lung model market is attributed to the significant growth in research funding and increasing adoption of 3D model systems for in vitro studies. However, dearth of skilled professionals is the major factor hindering the market growth.

The In Vitro Lung Model Market was valued at US$ 185.80 million in 2022 and it is projected to reach US$ 701.81 million in 2030; it is expected to grow at a CAGR of +16% from 2023 to 2030.

In Vitro Lung Model Market report by "Global Market Vision" sheds light on the key drivers and opportunities attributing to market expansion over the analysis period. It also gives in-depth information pertaining to the challenges and threats poised to hinder revenue generation in the forthcoming years. Additionally, the report also provides crucial information regarding leading companies in this business sphere and the trends that are likely to prevail in the near future.

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The list of Companies operating in this report are:
• Epithelix Sàrl
• MATTEK
• LONZA
• InSphero
• Emulate, Inc.
• AlveoliX AG
• Thermo Fisher Scientific Inc
• PromoCell GmbH
• Merck KGaA
• Horizon Discovery Group plc

Furthermore, the market is segmented based on type, application, and region in order to study it exhaustively and provide the data in a systematic manner. Speaking of the competitive landscape, the study includes a list of leading companies along with their product and service offerings, strategic decisions, SWOT analysis, latest developments, market share captured, growth rate, and valuation. The challenges faced by these companies are analyzed and solutions for them are given as well.

Global In Vitro Lung Model Market - by Type:
• 2D
• 3D

Global In Vitro Lung Model Market - by Application:
• Drug Screening
• Toxicology
• 3D Model Development
• Physiologic Research
• Stem Cell Research
• Regenerative Medicine

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2023 to 2030 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The In Vitro Lung Model market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Several market forces such as drivers and restraints and political, social, economic and technological advancements help shape up the industry in a specific manner. All such forces are studied in detail to arrive at a market forecast which can help build investment strategies in In Vitro Lung Model market.

Essential points covered in In Vitro Lung Model market report are:-
1 What will the market size and growth rate be in 2030?
2 What are the key growth stimulants of In Vitro Lung Model market?
3 What are the key market trends impacting In Vitro Lung Model market valuation?
4 What are the challenges to market proliferation?
5 Who are the key vendors in the In Vitro Lung Model market?
6 Which are the leading companies contributing to In Vitro Lung Model market valuation?
7 What was the market share held by each region in 2030?
8 What is the estimated growth rate and valuation of In Vitro Lung Model market in 2030?

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