PR Newswire
CHICAGO, July 13, 2023
CHICAGO, July 13, 2023 /PRNewswire/ -- The 3D cell culture industry is poised for remarkable growth in the near future. As advancements in biotechnology and tissue engineering continue to accelerate, the adoption of 3D cell culture models is becoming increasingly widespread. These models provide a more physiologically relevant environment for studying cell behavior, drug screening, and disease modeling, offering superior insights compared to traditional 2D cell cultures. With the integration of technologies such as bioprinting and microfluidics, researchers are able to create complex 3D structures that mimic the intricate architecture of human organs, enabling better drug discovery and personalized medicine. Furthermore, the increasing demand for regenerative medicine and organ transplantation fuels the development of sophisticated 3D cell culture systems for tissue engineering applications. As a result, the 3D cell culture industry is expected to revolutionize drug development, disease research, and regenerative medicine, ushering in a new era of innovative solutions for healthcare challenges.
3D Cell Culture Market in terms of revenue was estimated to be worth $1.3 billion in 2023 and is poised to reach $2.5 billion by 2028, growing at a CAGR of 14.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. Major factors driving the market growth at significant CAGR are increasing adoption of 3D cell culture over, restrictions over animal testing and increased use of 3D cell culture in personalized medicine.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191072847
Browse in-depth TOC on "3D Cell Culture Market"
205 - Tables
39 - Figures
244 - Pages
3D Cell Culture Market Scope:
Report Coverage | Details |
Market Revenue in 2023 | $1.3 billion |
Estimated Value by 2028 | $2.5 billion |
Growth Rate | Poised to grow at a CAGR of 14.6% |
Market Size Available for | 2021-2028 |
Forecast Period | 2023–2028 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product, Application, End user and Region |
Geographies Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Report Highlights | Updated financial information / product portfolio of players |
Key Market Opportunities | Emergence of microfluidics-based 3D cell culture |
Key Market Drivers | High focus on developing alternatives to animal testing |
Scaffold-based 3D cell culture accounted for the largest share of the product segment in the 3D cell culture market in 2022.
Based on product, the 3D cell culture market is segmented into scaffold-based 3D cell cultures, scaffold-free 3D cell cultures, microfluidics-based 3D cell cultures, and magnetic & bioprinted 3D cell cultures. The scaffold-based 3D cell cultures segment accounted for the largest share in 2022. The advantages of scaffolds in 3D cell cultures, such as structural rigidity, the availability of attachment points, and support, have greatly driven the preference for the segment and ensured its large share in the market.
The cancer & stem cell segment research segment accounted for the largest share of the application segment in the 3D cell culture market in 2022.
Based on application, the market is segmented into cancer & stem cell research, drug discovery & toxicology testing, and tissue engineering & regenerative medicine. Cancer & stem cell segment research accounted for the largest market share of the market in 2022. The increasing prevalence of cancer and significant funding initiatives for cancer research from the government and the private sector are major factors driving the growth of this application segment..
Asia Pacific is likely to grow at the highest growth rate during the forecast period.
Based on region, the 3D cell culture market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2022, North America dominated the market, followed by Europe. The increasing incidence of cancer and a well-established pharmaceutical & biotechnology industry are key factors supporting the growth of the North American 3D cell culture market. The Asia Pacific market is projected to grow at the highest CAGR of 16.0% during the forecast period. Most companies in the market focus on organic and inorganic growth strategies, such as product launches, expansions, acquisitions, partnerships, agreements, and collaborations, to increase their product offerings, cater to the unmet needs of customers, increase their profitability, and expand their presence in the global market.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=191072847
3D Cell Culture Market Dynamics:
Drivers:
Restraints:
Opportunities:
Challenges:
Key Market Players:
The 3D cell culture market is consolidated, with a small number of players competing for market shares. Thermo Fisher Scientific. Inc. (US), Merck KGaA (Germany), Corning Incorporated (US), Lonza (Switzerland), and Avantor Inc. (US) are some of the leading players in this market.
Recent Developments:
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=191072847
3D Cell Culture Market Advantages:
In summary, the 3D cell culture market offers advantages such as enhanced physiological relevance, improved drug discovery, disease modeling capabilities, tissue engineering potential, high-throughput screening, and reduced reliance on animal testing. These advantages make 3D cell culture an invaluable tool for advancing biomedical research and development in the coming years.
3D cell culture Market - Report Highlights:
Related Reports:
Cell-based Assays Market - Global Forecasts to 2028
High Throughput Screening Market - Global Forecasts to 2028
Cell Culture Market - Global Forecasts to 2028
3D Bioprinting Market - Global Forecasts to 2027
In Vitro Toxicology Testing Market - Global Forecasts to 2027
About MarketsandMarkets™:
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/3d-cell-culture-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/3d-cell-culture.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/3d-cell-culture-market-worth-2-5-billion--marketsandmarkets-301876376.html