3D Cell Culture Market to Transcend USD 11.79 Billion Valuation by 2031, Rising Demand for Regenerative Medicine to Augment Market Development | SkyQuest Technology
WESTFORD, Mass., July 12, 2024 /PRNewswire/ — According to SkyQuest, the global 3D Cell Culture Market size was valued at USD 1.3 billion in 2022 and is poised to grow from USD 1.31 billion in 2023 to USD 11.79 billion by 2031, growing at a CAGR of 18.2% during the forecast period (2024-2031).
3D cell culture refers to an environment that allows cells to develop and interact with the extracellular framework in a three-dimensional space. High investments in cell research and development around the world are predicted to bolster the demand for 3D cell culture over the coming years. Rising demand for regenerative medicine around the world will also create new opportunities for 3D cell culture companies in the long run. The global 3D cell culture market is segmented into product, application, end user, and region.
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3D Cell Culture Market Overview:
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Report Coverage |
Details |
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Market Revenue in 2023 |
$ 1.31 billion |
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Estimated Value by 2031 |
$ 11.79 billion |
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Growth Rate |
Poised to grow at a CAGR of 18.2% |
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Forecast Period |
2024–2031 |
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Forecast Units |
Value (USD Billion) |
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Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Segments Covered |
Product, Application and End User |
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Geographies Covered |
North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
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Report Highlights |
Updated financial information / product portfolio of players |
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Key Market Opportunities |
Growing demand for regenerative medicine and high investments in stem cell research |
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Key Market Drivers |
Evolution of microfluidic devices and organ-on-chip systems |
Segments covered in 3D Cell Culture Market are as follows:
- Product
- Scaffold-Based, Scaffold-Free, Bioreactors and Others
- Application
- Cancer Research, Stem Cell Research & Tissue Engineering, Others
- End-User
- Biotechnology and Pharmaceutical Companies, Academic & Research Institutes, Others
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High Use of Scaffold-based Technology in Regenerative Medicine and Tissue Engineering Applications
Growing use of cells in different treatments and therapeutics around the world has led to a high demand for novel types of cell cultures. This has led to the high adoption of scaffold-based technology to create 3D cell cultures. This technology is specifically being used for regenerative applications and tissue engineering uses as well. Advancements in scaffold-based technology are also estimated to open up new avenues of opportunities for 3D cell culture companies in the future.
On the other hand, the demand for scaffold-free technologies is also forecasted to alter 3D cell culture market growth over the coming years. Increasing demand for personalized medicine and the use of advanced 3D cell culture platforms will also offer new moneymaking scope for market players going forward.
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Potential of Stem Cell Research and Tissue Engineering in Treating Chronic Diseases Drives 3D Cell Culture Demand
The rising use of gene therapies and cell therapies for the treatment of multiple chronic indications has bolstered the demand for 3D cell culture and stem cell research as well. Advancements in tissue engineering are also creating new business scope for 3D cell culture providers going forward. Integration of new 3D cell culture technologies with the aforementioned applications will be a major force behind 3D cell culture market development in the long run. On the other hand, the rising incidence of cancer is forecasted to push the demand for 3D cell culture in cancer research applications through 2031.
Biotechnology and Pharmaceutical Companies to Be the Biggest End Users of 3D Cell Culture As They Invest in Cell Research
Most pharmaceutical and biotechnology companies are investing heavily in the development of new cell therapies, which is why they are driving the demand for 3D cell culture. Growing research on gene editing and gene modification are also creating new opportunities for 3D cell culture companies across the forecast period and beyond.
The global 3D cell culture market is rife with opportunities and this is why any new or established company can a make a mark in this space. High demand for personalized and regenerative medicine will also foster new growth scope for 3D cell culture providers.
Related Report:
Stem Cell Manufacturing Market
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