NEW YORK--(BUSINESS WIRE)--Persistence Market Research has recently published a report titled “Global Market Study on 3D Cell Culture: Asia to Witness Highest Growth by 2020”. A 3D cell culture is an artificial environment that permits biological cells to grow or interact with their surroundings in all three dimensions. This advanced cell culture technique is intended to overcome the limitations of its precursor, 2D cell culture. The global 3D cell culture market will reach US$2,717.6 million in 2020, as against its market value of US$586.1 million in 2014, developing at an impressive 29.1% CAGR between 2015 and 2020.
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Research laboratories, institutes, hospitals, and biotechnology and biopharmaceutical companies are adopting 3D cell culture technology to obtain better outputs. The impressive success rate of the new technique is likely to exponentially increase its adoption in the near future. Key factors impelling the 3D cell culture market include the following: rising investment, boost in research and development, escalating demand for organ transplantation, and the ability to replace animals for pharmaceutical research. However, in order to attain sustainable growth the market needs to address issues such as inadequate consistency of 3D cell culture products and budgetary limitations faced by small and medium-sized companies.
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The 3D cell culture market is dominated by Europe, with the U.K. leading from the forefront. Increasing investment in research and development of 3D cell culture products is the key factor boosting the market in the region.
The report profiles leading players in the global 3D cell culture market such as Corning Incorporated, Sigma-Aldrich Corporation, Lonza Group, Thermo Fisher Scientific, Inc., and others. The report studies the key market players in terms of company overview, recent developments, products and services the company provides, respective growth strategies, recent development, financial overview, and sustainability.
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