NEW YORK, Feb. 5, 2021 /PRNewsCentre/ — 3D cell culture technology creates more predictive in vitro cell models for a wide array of applications such as drug discovery, cancer research, regenerative medicine, and neuroscience. In 3D cell culture, technique cells can grow naturally and evolve in three dimensional environments. Currently, 3D cell culture techniques are also used in stem cell organoids, tumor spheroids, and tissue engineering with the help of 3D bioprinting. The 3D cell culture market is growing due to the introduction of novel therapeutics, and through the release of generic biopharmaceuticals or biosimilars, which can be manufactured by numerous companies. Along with the rapid growth of biopharmaceuticals, 3d cell culture is expected to witness significant acceleration over the forecast period through 2031.
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According to a latest report published by Persistence Market Research, the global 3D cell culture market was valued at US$ 982 Mn in 2020, and is expected to witness an impressive CAGR of close to 10% during the forecast period (2021 – 2031).
Key Takeaways from 3D Cell Culture Market Study
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"Increased adaption and demand for 3D cell culture for drug discovery and cancer research will boost the global market," says an analyst of Persistence Market Research.
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Collaborations & Acquisitions Key Strategies amongst Market Players
Leading players in the 3D cell culture market are strengthening their product portfolios through acquisitions and expanding their regional presence.
Various players in the 3D cell culture market are focusing on growth strategies such as collaborations and agreement licences.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the 3D cell culture in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031, on the basis of product (scaffold-free 3d cell culture and scaffold-based 3d cell culture), application (drug discovery, tissue regeneration & regenerative medicines, cancer research, stem cell technology, and others), and end user (biotechnology and pharmaceutical industries, academic research institutes, hospital laboratories, and contract research organizations), across seven key regions of the world.
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