Global 3D Cell Culture Market is Estimated to Reach $5 Billion by 2025
Global 3D cell culture market report published by Accurize Market Research forecast that the global market is expected to reach $5 billion by 2025; growing at a CAGR of 23.4% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of 25% and 23%, respectively, during the forecast period.
Rising investment on R&D by various pharmaceutical and biotechnological companies across the globe to drive the growth of the market
Growing need for organ transplantation due to large patient database and ban on research and testing on animals fuel the demand for the global 3D cell culture market. Moreover, rising investment on R&D by various pharmaceutical and biotechnological companies also boosts the growth of the market.
The global 3D cell culture market has been bifurcated on the basis of technology, application, end-user, and geography. Technology segment is categorized as extracellular matrices, bioreactors, gels, Scaffold free platform, and microchips. Further, applications segment includes research, drug discovery, tissue engineering, clinical applications, and stem cell biology. End-user is further categorized into biotechnology & biopharmaceutical industry, research laboratories & institutes, and hospital & diagnostic centers.<