3D Cell Cultures Market
3D cell culture technology creates more predictive in vitro cell models for a wide array of applications such as drug discovery, cancer research, regenerative medicine, and neuroscience. In 3D cell culture, technique cells can grow naturally and evolve in three dimensional environments. Currently, 3D cell culture techniques are also used in stem cell organoids, tumor spheroids, and tissue engineering with the help of 3D bioprinting.
The 3D cell culture market is growing due to the introduction of novel therapeutics, and through the release of generic biopharmaceuticals or biosimilars, which can be manufactured by numerous companies. Along with the rapid growth of biopharmaceuticals, 3d cell culture is expected to witness significant acceleration over the forecast period throughÂ 2031.
Get Sample Copy of this Report@Â https://www.persistencemarketresearch.com/samples/3329
According to a latest report published by Persistence Market Research, the globalÂ 3D cell culture marketÂ was valued atÂ US$Â 982Â MnÂ inÂ 2020, and is expected to witness an impressiveÂ CAGR of close toÂ 10%Â during the forecast period (2021 â€“ 2031).
Merck KGaA (Sigma-Aldrich Corporation)
Thermo Fisher Scientific, Inc.
Becton.Dickinson and Company
3D Biotek LLC.
Nanofiber Solutions, Inc
Greiner Group A
Request for Methodology@Â https://www.persistencemarketresearch.com/methodology/3329
Â Key Takeaways from 3D Cell Culture Market StudyÂ Â Â Â Â Â Â
Scaffold-based 3D cell culture is expected to contribute more than 80% of revenue share to the market.
By application, cancer research held the highest market share in 2019.
North America holds a significant share of over 42% in the global 3D cell culture market.
Leading players are focused on improving their product portfolios and focusing on regional expansion through collaborations.
Biotechnology and pharmaceuticals industries are expected to hold close to half of the market share, due to 3D cell culture playing a vital role in drug development.
The COVID-19 outbreak has had a positive impact on the global 3D cell culture market, as 3D cell culture models are one of the vital methods during drug development against COVID-19.
The market in Germany is projected to expand at a CAGR of close toÂ 12%Â throughÂ 2031.
The U.S. market has a share of more than 90% in North America, and is expected to progress at a CAGR ofÂ 10%Â over the next ten years.
â€œIncreased adaption and demand for 3D cell culture for drug discovery and cancer research will boost the global market,â€Â says an analyst of Persistence Market Research.
Collaborations & Acquisitions Key Strategies amongst Market Players
Leading players in the 3D cell culture market are strengthening their product portfolios through acquisitions and expanding their regional presence.
For instance, in OctoberÂ 25,Â 2018, Thermo Fisher Scientific Inc. completed its previously announced acquisition of the advanced bioprocessing business of BD (Becton, Dickinson and Company), a leading global medical technology company.
In MarchÂ 2018, Thermo Fisher Scientific Inc announced the acquisition of IntegenXÂ Inc.
In DecemberÂ 2017, Becton Dickinson and Company acquired C.R. Bard, Inc. to create a highly differentiated medical technology company, with approximately US$ 16 billion in annual revenue.
Various players in the 3D cell culture market are focusing on growth strategies such as collaborations and agreement licences.
In August,Â 2020, Thermo Fisher Scientific, Inc signed a Companion Diagnostic Agreement with Hengrui Therapeutics, Inc.
In MarchÂ 2020, Thermo Fisher Scientific Inc signed an agreement with Janssen to co-develop companion diagnostics for cancer.
In December,Â 2017, Nanofiber Solutions, Inc collaborated with Hilliard for tissue engineering.
Access Full Report@Â https://www.persistencemarketresearch.com/checkout/3329
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the 3D cell culture in its latest study, presenting historical demand assessment ofÂ 2016 â€“ 2020Â and projections forÂ 2021 â€“ 2031, on the basis of product (scaffold-free 3d cell culture and scaffold-based 3d cell culture), application (drug discovery, tissue regeneration & regenerative medicines, cancer research, stem cell technology, and others), and end user (biotechnology and pharmaceutical industries, academic research institutes, hospital laboratories, and contract research organizations), across seven key regions of the world.
About Us:Â Persistence Market Research
Persistence Market Research
Address â€“ 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. â€“ +1-646-568-7751
USA-Canada Toll-free â€“ +1 800-961-0353
SalesÂ â€“Â email@example.com