Kenneth Research, in its repository of market research reports, have recently added a report on 3D Cell Culture Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 3D Cell Culture Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global 3d Cell Culture Market was valued at USD 1.1 Billion in the year 2017. Global 3D Cell Culture Market is further estimated to grow at a CAGR of 30.6% from 2019 to reach USD 8.68 Billion by the year 2025. North America region holds the highest Market share in 2017 and European Market is considered as the fastest growing Market in the forecasted period. At a country level, U.S & U.K are projected to grow strongly in the coming years.
Major market players in 3D Cell Culture Market are Corning, Lonza, Thermo Fisher Scientific, 3D Biotek, Synthon, Becton, Dickinson & Company, Merck & Co. Inc., Nano 3D Biosciences Inc., Sigma Aldrich Corp., Nano 3D Biosciences Inc., and brief information of other 10 companies will be provided in the report. Rising research and development expenses to address the changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
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SWOT Analysis of 3D Cell Culture Market:
Strength:
Increasing research and investments related activities
Growing awareness among healthcare professionals
Weakness:
High cost involved
Opportunities:
Use of microfluidic technology
Threats:
Lack of consistency
The global 3D cell culture is segmented as by products, by end users, by application, and by region. On the basis of products, the Market is segmented as Scaffold-Based 3D Cell Culture, Scaffold-Free 3D Cell Culture, Microfluidics-Based 3D Cell Culture and Magnetic Levitation & 3D Bio-printing of which Scaffold-Free 3D Cell Culture holds the highest Market share. On the basis of end users Pharmaceutical & Biotechnology Companies expected to form the largest end-user segment.
3D Cell Culture Market Segmentation:
By End User
? Pharmaceutical & Biotechnology Companies
? Research Institutes
By Application
? Cancer and Stem Cell Research
? Drug Discovery and Toxicology Testing
? Tissue Engineering and Regenerative Medicine
By Products
? Scaffold-Based 3D Cell Culture
o Hydrogels/ECM Analogs
o Solid Scaffolds
o Micro patterned Surfaces
? Scaffold-Free 3D Cell Culture
o Low-Adhesion Microplates
o Hanging Drop Plates
o 3D Bioreactors
o 3D Petri Dishes
? Microfluidics-Based 3D Cell Culture
? Magnetic Levitation & 3D Bio printing
By Region
? North America
o USA
o Canada
? Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
? APAC
o China
o India
o Japan
o Rest of Asia-Pacific
? RoW
o Latin America
o Middle East & Africa
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