3D Cell Culture Market Size and Growth Rate:
The Global 3D Cell Culture Market size is expected
to reach USD 5.33 Billion by 2023, expanding at a compound annual growth rate
of 29.2% during the 2018-2023 period.
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3D Cell Culture Market Overview:
3D cell culture is a specific in vitro technique in
which cells are grown in an artificially created environment, which look like
the in vivo environment variety. This technique stimulates normal cell to
differentiate, proliferate, and migrate by interacting with their
three-dimensional surroundings. The homotypic and heterotypic 3D tissue culture
models mimic the physiologic, histologic, and functional properties of the
respective tissues. These properties influence different cellular functions
such as adhesion, migration, gene expression, and proliferation.
Its applications have been extended to include
cancer, stem cell research, drug discovery, and regenerative medicine. Used in
the fields of biotechnology, pharmaceutical companies, contract research
laboratories, and academic institutes, the method is applicable across various
avenues.
3D Cell Culture Market Growth Drivers and
Restraints:
Despite initial investments, low operating costs of
industries and laboratory setups and rise in government investments for
healthcare due to increased risk of diseases such as cancer boosts the market
growth. Various government organizations, private companies, and pharmaceutical
and analytical instrumental companies have largely invested in the 3D cell
culture projects to meet the demand of the novel drug discoveries and organs
development.
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3D Cell Culture Market Geographical Segmentation:
The major markets for this segment are North
America, Asia Pacific, Europe and rest of the world. Asia-Pacific possesses
high market potential for the 3D cell culture market, owing to rise in demand
for drug discovery and increase in focus on biotechnology industry. The
European market also is alone estimated to reach $ 1,067.8 Mn by the end of the
forecast period. This leading market region will witness a strong CAGR of 28.7%
because of its growing focus on biotechnology and research.
Key Players of the 3D Cell Culture Market:
The key players in the market are 3D Biotek, LLC;
Advanced Biomatrix, Inc.; Becton, Dickinson and Company; Corning Incorporated,
Kuraray Co., Ltd., Lonza Group Ltd., Merck & Co., Synthecon Incorporated,
Thermo Fisher Scientific Inc. and VWR Corporation.
The major players in the industry have
adopted agreements and partnership for developmental strategies to strengthen
the market foothold. Lonza Group Ltd. signed an agreement with TAP Biosystems
to distribute the former’s RAFT 3D cell culture system, which helps Lonza
expand its presence in the global market. This culture system is used by
researchers to create physiologically similar cell culture models for drug
discovery and development.
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