July 05, 2022
According to the research report titled ‘Global 3D Cell Cultures Market 2022-2028’, available with MarketStudyReport, global 3D cell cultures market is anticipated to progress with a CAGR of 6.7% during the forecast period to be worth USD 13473 million by the end of 2028.
As per seasoned analysts, growing emphasis on creating alternatives to animal testing, rising importance of patient-specific medicine, increasing prevalence of chronic diseases, and the accessibility to research funding are the major growth determinants for global 3D cell cultures market.
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For the unversed, a culture setting known as 3D cell culture enables cells to develop and communicate with the extracellular framework around them in three dimensions. The 3D cell cultures can be genetically modified to comprehend disease processes or used to screen for small molecule medicines. These cultures predict the effectiveness or toxicity of medication treatment more precisely as compared to 2D cultures.
However, limited infrastructure for 3D cell-based research, and dearly cost of research for cell biology may hamper the industry outlook during the stipulated timeframe.
The study offers in-depth analysis and insights into the recent trends of the market, along with a unique perspective on a range of information, including revenue size, competitive environment, growth rate, and contribution of various market segments.
Based on product terrain, worldwide 3D cell cultures market is divided into software & services, equipment, and consumables. In terms of application ambit, the industry is split into bioprocessing, and research.
On the regional out-front, the latest market trends are studied across Asia Pacific, North America, Europe, and rest of the world. Among these, North America industry held a major revenue share in 2021, owing to the presence well-established pharmaceutical and biotechnology industries, as well as the rising prevalence of cancer in the region.
Speaking of competitive arena, Thermo Fisher Scientific, Inc., Tecan Group Ltd., Synthecon, Inc., PerkinElmer, Inc., Merck & Co., Inc., Lonza Group AG, InSphero AG, Greiner Holding AG, Corning Incorporated, Becton, Dickinson and Company, Avantor, Inc., Agilent Technologies, Inc., 3D Biotek LLC, and 3D Biomatrix, Inc. are the leading players in global 3D cell cultures market.