This report provides exclusive insights into the COVID-19 impact on the 3D Cell Culture Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the 3D Cell Culture Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of 3D Cell Culture Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on 3D cell culture market provides an in-depth analysis of segments and sub-segments in global as well as regional 3D cell culture market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional 3D cell culture market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global 3D cell culture market. According to the report the global 3D cell culture market is projected to grow at a CAGR of 20% over the forecast period of 2018-2024.
Cell culture consists of growing cells in an artificial environment in order to study their behavior in response to their environment. A 3D cell culture is an artificially created environment in which biological cells are allowed to grow with their surroundings in all three dimensions. 3D cell culture models can incorporate healthy cells, diseased tissue biopsies or complete organ as their living components. 3D cell structures are gaining popularity and have shown increased applications, especially in the early drug discovery and other research and development.
Increase in adoption of 3D cell culture in diagnostic centers, hospitals, and pharmaceutical and biotech companies and rise in demand in organ transplantation, tissue regeneration, and regenerative medicine is driving the growth of the 3D cell culture market. Furthermore, the use of microchips to implement cell culture with micro-fabricated tissue component is anticipated to boost the growth of the 3D cell culture market. However, the lack of Infrastructure is likely to retrain the growth of the 3D cell culture market. The emergence of microfluidics-based 3D cell culture is providing several growth opportunities for the key players in the global 3D cell culture market. In addition, the presence of organizations such as the International Society for Stem Cell Research is fostering scientific growth through financial grants and findings.
Among the geographies, North America region dominated the global 3D cell culture market followed by Europe. The growth in the North America region is due to the presence of well-established pharmaceutical and biotechnology industry. In addition, the presence of several pharma and biotech organizations implementing the technology in collaboration with research laboratories drives North American regional market. The market in the Asia-Pacific region is expected to expand at a high CAGR due to growing adoption for 3D cell culture in developing nations.
The report on global 3D cell culture market covers segments such as product type, application, and end-user. On the basis of product type, the global 3D cell culture market is categorized into scaffold-based 3D cell culture, scaffold-free 3D cell culture, microfluidics-based 3D cell culture, magnetic levitation, and 3D bioprinting. On the basis of application, the global 3D cell culture market is categorized into drug discovery, toxicology, cancer, stem cell research and tissue engineering & regenerative medicine. On the basis of end-user, the global 3D cell culture market is categorized into pharmaceutical & biotechnology companies and research laboratories and institutes.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global 3D cell culture market such as QGel, Mimetas, Hamilton Company, Kuraray Co. Ltd, 3D Boitek, Global Cell Solutions, Synthecon Incorporated, Corning Technologies, ReproCELL, Inc. and Nano3D Biosciences, Inc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global 3D cell culture market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of 3D cell culture market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the 3D cell culture market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the 3D cell culture market to understand the present and future trends in this market and formulate their strategies accordingly.