COVID-19 Impact on 3D Cell Culture Market Overview:
The global 3D cell culture market size was valued USD 725.15 million in 2016 and expected to grow at a 25.50% CAGR during the forecast period. As per Market Research Future’s analysis (MRFR’s), the market would gain substantially from the cell isolation and cell biology market.
Among major driving factors, the global market for 3D cell culture is expected to gain substantially from growing inclusion of biotech and pharmaceutical companies, an increasing number of researches for cancer, a huge surge in virology after the COVID-19 attack, demand for organ transplantation, better drug manufacturing procedures, and others. In addition, government initiatives and constant funding to develop better research and development scope are expected to boost the market further.
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However, price is an issue when it comes to this market. This is often in association with the machines needed for the improvement of the procedure, which comes with a high price tag. In poor economies and developing countries, this is a major restraint.
3D Cell Culture Market Segmentation:
The global 3D cell culture market has been segmented by MRFR on the basis of product, application, technique, and end-user. The process reveals a better understanding of the market where various factors and dynamics can help in the development of improved strategies.
By technique, the global 3D cell culture market includes a detailed analysis of Scaffolds Based 3D Cell Culture and Scaffold-Free 3D Cell Culture.
By product, the global report on the 3D cell culture market can be segmented into consumables and instruments. The consumables segment would lead the global market and is expected to rise with a 25.88% CAGR during the forecast period.
By application, the study on the 3D cell culture market has been segmented into stem cell research, drug discovery, tissue screening & engineering, regenerative medicine, cancer research, and others. The drug discovery segment has the largest market share, and in the coming years, the segment is projected to grow with 25.75% CAGR.
By end users, the report on the global 3D cell culture market can be segmented into contract research organizations, research & academic laboratories, pharmaceutical & biotechnology companies, and others. The pharmaceutical & biotechnology segment would lead the global market with a 26.13% CAGR during the forecast period.
3D Cell Culture Market Regional Analysis:
North America is leading the 3D cell culture market as its infrastructural superiority would support the regional market. In Europe, the 3D cell culture market would get similar traction. Both these regions are known for their technical infrastructure, investment records, and others.
3D Cell Culture Market Competitive Landscape:
The 3D cell culture companies impacting the market most are Corning Incorporated, Thermo Fisher Scientific Inc, Lonza, Becton, Dickinson and Company, Kuraray Co Ltd, Merck KGaA, and others. These companies are investing substantially to boost their own research and development sector as they know that innovations can help them in getting ahead. At the same time, these companies are extensively planning for expansion into diverse regions to increase the profit margin.
The process includes mergers, acquisitions, and various joint collaborations. Marketing strategies are also playing crucial roles in taking the global market forward. MRFR recorded the latest moves of these companies to get an idea about how the market is shaping up for the coming years.
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3D Cell Culture Industry News:
The global 3D Cell Culture Market is getting strong traction from several quarters as it can substantially impact the fight against COVID-19. This will help in a proper reading of the coronavirus structure and can ensure better drug production through an understanding of the virus and various drug links.
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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