3D Cell Culture Market to be Driven by Rising Demand for Organ Transplantation & Awareness Regarding Oncological Diseases Till 2024 | Million Insights
FELTON, California, Aug. 19, 2019 /PRNewswire/ -- Global 3D Cell Culture Market is anticipated to reach USD 1.69 billion by 2024. 3D cell culture, as the name suggests, implies formation of a three-dimensional structure and acting like an organ or a tissue. It's in demand sue to its innovative features and convenience as compared to the other cell culture procedures.
Factors such as increasing number of organizations investing in 3D cell culture development, a growing number of research activities, increasing demand for organ transplantation, and awareness regarding oncological diseases growing among the populace are likely to drive the market in the forthcoming period.
On the other hand, lack of consistency and high cost are anticipated to hinder market growth in the future. However, technological advancements are likely to create lucrative opportunities for the market. The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
3D cell culture market is segmented by product type, culture component, application, end user, and geography. The market is segmented by product type as scaffold-based platforms (micro-porous scaffolds, Nano-porous scaffolds, macro-porous scaffolds, solid scaffolds, and scaffold-free platforms), bioreactors, gels, services, and microchips. The hydrogels/ECM segment accounts for a prominent share in the market. It is likely to witness substantial growth in the years to come. Based on the culture component, the market is segmented by reagents and consumables, and media.
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The key applications are segmented in the market include tissue engineering & immunohistochemistry, cancer, and stem cell research, drug development and others. cancer and stem cell research segment accounted for a prominent share in the 3D cell culture industry. It is likely to observe substantial growth in the forthcoming period. The key factors that could be attributed to the growth of market include significant funding initiatives for cancer research from private organizations and government and increasing occurrence of cancer.