SAN FRANCISCO, July 28, 2017 (GLOBE NEWSWIRE) -- Global 3D Cell Culture Market Report, published by Variant Market Research, forecast that the global market is expected to reach $4,899 Billion by 2024 from $920 Billion in 2016, growing at a CAGR of 23.3% from 2016 to 2024. Some of the major driving factors of the global 3D cell culture market are ban on research & testing on animals, rising need for organ transplantation, high investment on R&D companies. However, high initial cost is the restrain for the market, which may hamper the market growth. Rising demand for customized cosmetics will provide growth opportunities in the coming years.
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The global 3D Cell Culture Market has been segmented into technology, application, and geography. Technology segment includes extracellular matrices, bioreactors, gels, scaffold free platform, and microchips. Application segment is further categorized into research, clinical applications, drug discovery, tissue engineering, and stem cell biology. Furthermore, end-user is categorized into biotechnology & biopharmaceutical industry, research laboratories & institutes, and hospital & diagnostic centers.
The global 3D cell culture market by geography is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia Pacific is anticipated to grow at fastest CAGR over the forecast period 2016 – 2024. The growth is primarily driven by rising government funding for research & development and increasing scope for outsourcing.
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The Key Players are Operating in The Global 3D Cell Culture Market
The key takeaways from the report
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Scope of the Global 3D Cell Culture Market
Technology Segments
Application Segments
End-User Segments
Geography Segments
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