Key Players In The 3d Cell Culture Industry: Competitive Landscape And Market Share

By Author: Markets and Markets
Total Articles: 115
Comment this article

3D Cell Culture Market in terms of revenue was estimated to be worth $1.3 billion in 2023 and is poised to reach $2.5 billion by 2028, growing at a CAGR of 14.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. Major factors driving the market growth at significant CAGR are increasing adoption of 3D cell culture over, restrictions over animal testing and increased use of 3D cell culture in personalized medicine.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191072847

Key Market Players:

The 3D cell culture market is consolidated, with a small number of players competing for market shares. Thermo Fisher Scientific. Inc. (US), Merck KGaA (Germany), Corning Incorporated (US), Lonza (Switzerland), and Avantor Inc. (US) are some of the leading players in this market.

Scaffold-based 3D cell culture accounted for the largest share of the product segment in the 3D cell culture market in 2022.

Based on product, the 3D cell culture market is segmented into scaffold-based 3D cell cultures, scaffold-free 3D cell cultures, microfluidics-based ...
... 3D cell cultures, and magnetic & bioprinted 3D cell cultures. The scaffold-based 3D cell cultures segment accounted for the largest share in 2022. The advantages of scaffolds in 3D cell cultures, such as structural rigidity, the availability of attachment points, and support, have greatly driven the preference for the segment and ensured its large share in the market.

The cancer & stem cell segment research segment accounted for the largest share of the application segment in the 3D cell culture market in 2022.

Based on application, the market is segmented into cancer & stem cell research, drug discovery & toxicology testing, and tissue engineering & regenerative medicine. Cancer & stem cell segment research accounted for the largest market share of the market in 2022. The increasing prevalence of cancer and significant funding initiatives for cancer research from the government and the private sector are major factors driving the growth of this application segment.

Asia Pacific is likely to grow at the highest growth rate during the forecast period.

Based on region, the 3D cell culture market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2022, North America dominated the market, followed by Europe. The increasing incidence of cancer and a well-established pharmaceutical & biotechnology industry are key factors supporting the growth of the North American 3D cell culture market. The Asia Pacific market is projected to grow at the highest CAGR of 16.0% during the forecast period. Most companies in the market focus on organic and inorganic growth strategies, such as product launches, expansions, acquisitions, partnerships, agreements, and collaborations, to increase their product offerings, cater to the unmet needs of customers, increase their profitability, and expand their presence in the global market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=191072847

3D Cell Culture Market Dynamics:

Drivers:
1. High focus on developing alternatives to animal testing
2. Greater adoption of personalized medicine globally for multiple diseases
3. Increased government support and funding for 3D cell culture
4. Increased industry-academia collaboration on 3D cell culture and research
Restraints:
1. High costs of implementing 3D cell culture technologies
2. Lack of widely accepted or single standardization in 3D cell culture
Opportunities:
1. Emergence of microfluidics-based 3D cell culture
2. High growth opportunities and booming biopharmaceutical sector in emerging economies
Challenges:
1. Lack of consistency in 3D cell culture products
2. High dependence on plastic waste disposals and consumables

Recent Developments:

• In October 2022, Corning launched the Elplasia 12K flask featuring a unique microcavity geometry that enables easy spheroid formation, culture, treatment, assessment, and harvest, with approximately 12,000 spheroids of uniform size and shape per flask, generating 125 times more yield than conventional 96-well spheroid plates.
• In March 2021, Thermo Fisher Scientific launched a plasma-like medium, a cell culture medium that mimics the metabolic profile of human plasma, designed to provide researchers with a realistic view of cell growth within the human body.

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/3d-cell-culture-market.asp

Content Source: https://www.marketsandmarkets.com/PressReleases/3d-cell-culture.asp