New York, United States, 06 July. 2022 (GLOBE NEWSWIRE) — According to the report published by Research Dive, the global 3D cell culture market should generate an income of $12,638.8 million over the forecast period of 2019 to 2026. The detailed report provides a brief overview of the current market framework including key market aspects such as growth drivers, challenges, restraints, and various opportunities over the forecast period of 2019-2026. The report also provides all market figures to help new participants to easily analyze the market.
Drivers: The growing awareness of oncological diseases like lung cancer, skin cancer, etc. among people and attractive advantages of 3D cell culture like high strength and low price are few factors expected to drive the growth of 3D cell culture market by 2026. Additionally, its increasing usage in the Drug development and active government financial support for cancer research are expected to further drive the market growth over the forecast period.
Opportunities: Growing inventions such as advanced treatments and diagnosis of neuromuscular diseases are the major factor estimated to provide abundant growth opportunities for the global 3D cell culture market over the analysis period. In addition, the upgrade of 3D cell culture for complete spinal locomotion circuit replication is also expected to drive the market growth by 2026.
Constraints: The exorbitant cost of technologies and the lack of skilled professionals are the major factors hampering the growth of the market.
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Segments of the 3D Cell Culture Market:
According to the report, the market is divided into few segments based on product, application, end-use, and regional analysis.
Product: microchip sub-segment will be highly beneficial
The microchip sub-segment is expected to witness significant growth and generate revenue of $2,515.1 million during the forecast period. The microchip is an essential part of the cell culture system which provides several advantages like mimicking the physiology of an organ and many more. Moreover, the integration of the microchip also enables important advances in fields such as diagnostics, biological research, etc. These factors are expected to support the growth of the sub-segment through 2026.
Application: the regenerative medicine sub-segment will be very lucrative
The regenerative medicine sub-segment of the global 3D cell culture market is expected to experience significant market growth and record revenue of $3,690.5 million by 2026. Regenerative medicine scientists are focusing on automated 3D bio-assembly of micro-tissues to use its ability to assemble different inorganic materials to form specific products. This factor is expected to propel the growth of the sub-segment over the forecast years.
End Use: Biotech and Pharmaceutical Companies sub-segment will be the most profitable
The biotech and pharmaceutical companies sub-segment is estimated to hold a major market share and exceed $5,184.4 million by 2026. Massive laboratory transformation and technological advancements in R&D activities are expected to propel the growth of the sub-segment over the forecast years. In addition, heavy investments in medical and research sector by governments and private market players are expected to drive improvement in the sub-segment by 2026.
Region: Market in North America region to witness many growth opportunities
The 3D cell culture market in the North America region is expected to register a revenue of $4,019.1 million by 2026. The existence of some prominent establishments and growing demand for technological advancements and medical in drug discovery are a few factors that provide ample growth opportunities for the market growth in the North America region over the analysis period.
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3D Cell Culture Market Key Players:
Some important market players are
- Thermo Fisher Scientific
- TissUse GmbH
- Greiner Bio-One France
- QGel SA
- Hµrel Corporation
- Corning Incorporated
- 3D biotechnology
- Advanced BioMatrix
These key players are undertaking various strategies such as product development and enhancement, merger and acquisition, partnerships and collaborations to sustain the market growth.
For example, in June 2022, nTopology, a renowned engineering software developer, launched its third-generation lattice technology that would allow users to access an even wider range of 3D printing and cultivation applications. cellular. The release includes 37 blocks under development over the past 22 months as well as DfAM techniques to streamline the complex trellis generation process.
The report also summarizes many significant facets including financial performance of key market players, SWOT analysis, product portfolio, and latest strategic developments.
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