3D Cell Culture Market to Garner $3.72 Bn, Globally, by 2027 at 16.3% CAGR, Says Allied Market Research

- Shift in preference toward 3D cell cultures for cancer research, growth in investments over 2D techniques, and rise in demand for organ transplant drive the growth of the global 3D cell culture market

News provided by

Allied Market Research

Oct 20, 2020, 09:00 ET

PORTLAND, Ore., Oct. 20, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "3D Cell Culture Market by Product (Scaffold-Based Platforms, Scaffold-Free Platforms, Gels, Bioreactors, Microchips, and Services), Application (Cancer Research, Stem Cell Research, Drug Discovery, and Regenerative Medicine), and End User (Biotechnology & Pharmaceutical Companies, Contract Research Laboratories, and Academic Institutes): Global Opportunity Analysis and Industry Forecast, 2020–2027". As per the report, the global 3D cell culture industry was pegged at $1.23 billion in 2019, and is projected to reach $3.72 by 2027, growing at a CAGR of 16.3% from 2020 to 2027.

Download Detailed COVID-19 Impact Sample Report at: https://www.alliedmarketresearch.com/request-for-customization/1474?reqfor=covid

Drivers, restraints, and opportunities

Shift in preference toward 3D cell cultures for cancer research, growth in investments for R&D activities and 2D techniques, and rise in demand for organ transplant drive the growth of the global 3D cell culture market. However, high implementation costs and irregularity in 3D cell culture outcomes hamper the market growth. On the contrary, rapid technological advancements are expected to create lucrative opportunities for the market players in the future.

COVID-19 scenario:

The prolonged lockdown across various countries has led to an inconsistent and interrupted supply chain and lack of human resources.
However, the demand for 3D cell culture has increased to develop new therapies against novel coronavirus.
Research associated with stem cell therapies and regenerative medicine showed promising results against the COVID-19 disease.

The scaffold-based platforms segment dominated the market

By product, the scaffold-based platforms segment held the largest share in 2019, accounting for nearly one-third of the global 3D cell culture market. This is owing to availability of a variety of materials and structural choices and advantages such as ease of imaging and simple assay protocol. However, the microchips segment is expected to manifest the highest CAGR of 19.0% during the forecast period, as they are easy to fabricate and less expensive.

The contract research laboratories segment to manifest the highest CAGR through 2027

By end user, the contract research laboratories segment is projected to portray the highest CAGR of 16.9% during the forecast period, due to surge in adoption by prominent companies in the market. However, the academic institutes segment held the lion's share in 2019, contributing to more than one-third of the global 3D cell culture market, as numerous institutes and universities across the world are exploring the possible outcomes of using 3D cell cultures in their research projects.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1474

North America held the largest share

By region, the market across North America accounted for around two-fifths of the total revenue, owing to the advancements in various healthcare applications such as cancer and tissue engineering in the region. However, the global 3D cell culture market across Asia-Pacific is expected to register the highest CAGR of 18.1% from 2020 to 2027. This is due to rise in demand for drug discovery, increase in focus on the biotechnology industry, low operating costs of laboratories, and rise in government investments for health care.

Key market players

3D Biotek, LLC
Avantor, Inc.
Advanced Biomatrix, Inc.
Becton, Dickinson, and Company
InSphero AG
Corning Incorporated
Merck & Co., Inc.
Lonza Group Ltd.
Thermo Fisher Scientific Inc.
Synthecon, Incorporated

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Engineered T Cells Market - Global Opportunity Analysis and Industry Forecast, 2019-2027

Stem Cell Banking Market - Global Opportunity Analysis and Industry Forecast, 2019-2027

Cell Separation Technologies Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

Cell Surface Marker Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

Cardiac Biomarkers Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

Cell Therapy Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research