3D Cell Culture Market Size, Share – Industry, Business Growth, SWOT Analysis, Opportunity, Forecast By 2030
Market Industry Reports (MIR) has published a new report titled “3D Cell Culture Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global 3D cell culture market is estimated to be over US$ 600.0 Bn in 2017. It is anticipated to grow at a double digit CAGR from 2019 to 2030.
Increasing R&D investments & funding from both private and public sector in the field of cell-based research has presented a bright prospect for the growth of 3D cell culture market. Introduction of innovative new techniques has further led to wide scale application of such techniques and application of 3D cell culture FOR artificially growing biological entities.
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Increasing Investments in R&D
Rising prevalence and incidences of several diseases worldwide has triggered the need for advanced R&D scenario across all sectors of biotechnology, life sciences, pharmaceuticals and research establishments. Both public and private sectors are now focusing on new innovative techniques, ideas to obtain latest breakthroughs in the field of life sciences. According to studies, it was estimated that the total spending on R&D by mid-market biotechnology companies, witnessed an increment of approximately 18% between 2015 and 2016. Growing need to address several forms of ailments has been crucial in dictating the funding and R&D spending by governmental establishments as well as major market players and other research institutes.
Increasing R&D investments and spending is anticipated to positively contribute to the growth of the global 3D cell culture market.
Lack of Infrastructure to Restrain the Market
Although 3D cell culture techniques ensure reduced time, better efficiency & efficacy and several other benefits, but absence of infrastructure for 3D cell culture research in laboratories and other research facilities is anticipated to hinder the growth of the 3D cell culture market.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, 3D Cell Culture Market by Product (Scaffold-Based 3D Cell Culture (Hydrogels/ECM Analogs, And Solid Scaffolds), Scaffold-Free Cell Culture (Low-Adhesion Microplates, 3D Bioreactors, Hanging Drop Plates and 3D petri dishes), Magnetic Levitation & 3D Bioprinting, and Microfluidics-Based 3D Cell Culture), Application (Drug Discovery & Toxicology, Cancer & Stem Cell Research, Tissue Engineering & Regenerative Medicine), End Users (Research Institutes, Pharmaceutical & Biotechnology Companies) – Global Analysis & Forecast 2019-2030 in detail along with the table of contents:
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing growth of the biopharmaceutical industry, continuously growing economy, increasing private and public funding in the sector of R&D is anticipated to present a lucrative growth scenario for the 3D cell culture market in this region.
The global 3D cell culture market is segmented by product, application, end user, and region. On the basis of product, the 3D cell culture market is segmented into scaffold-based 3D cell culture, scaffold-free cell culture, magnetic levitation & 3D bioprinting, and microfluidics-based 3D cell culture. The scaffold-based 3D cell culture segment is further classified into hydrogels/ECM analogs, micropatterned surfaces and solid scaffolds. Whereas, the segment of scaffold-free cell culture can be bifurcated into low-adhesion microplates, 3D bioreactors, hanging drop plates and 3D petri dishes.
In terms of revenue, the scaffold-based 3D cell culture product segment is anticipated to account for the largest share of the global 3D cell culture market. The growth of the segment can be attributed to several benefits associated with its usage, namely ability to mimic in-vivo conditions, thereby, facilitating wide scale adoption of this technologies among various end users. On the basis of application the 3D cell culture market can be segmented into drug discovery & toxicology, cancer & stem cell research, tissue engineering & regenerative medicine and other applications.
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