The healthcare vertical is on the verge of shifting point-of-care services to a wider constellation of settings, inclusive of the patients’ own homes. This has, in turn, given rise to value-based payment methodologies. With far-flung patients getting an access to high-speed internet, digital care is becoming the cornerstone. On these grounds, One Medical, an IPO backed by Google, is turning out to be a benchmark with regards to digital-first primary care, wherein concierge service is offered on payment of annual fee.
This digitization is expected to empower the healthcare vertical across all the geographies in the near future. Persistence Market Research has its prodigal team in the form of consultants and analysts to keep a tab on the latest happenings in the healthcare vertical along with the probable calls to action.
The 3D Cell Cultures Market will witness a CAGR of 29.1% by reaching US$ 2,717.6 Million from 2021. The new-fangled healthcare electronic technologies like 3D printing, GPS tracking, and wearable biometric devices are being tested concerning clinical use. Cutting-edge technology is expected to be one of the driving forces in the healthcare industry in the subsequent decade.
According to a new market report titled “Global Market Study on 3D Cell Culture: Asia to Witness Highest Growth by 2020”, published by Persistence Market Research, the global 3D cell culture market was valued at US$ 586.1 Mn in 2014 and is expected to expand at a CAGR of 29.1% to account for US$ 2,717.6 Mn by 2020.
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Some of the major players in the 3D cell culture market:
- Sigma-Aldrich Corporation.
- Thermo Fisher Scientific, Inc.
- Corning Incorporated.
- Becton.
- Dickinson and Company.
- 3D Biotek LLC.
- Lonza Group.
- 3D Biomatrix, Inc.
- InSphero AG.
- Reinnervate Ltd.
- Global Cell Solutions, Inc.
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Globally, the 3D cell culture market is witnessing significant growth due to the rising investment by major players in the market, increasing research related activities, and rising demand for organ transplantation. Moreover, 3D cell culture’s ability to replace the animal in research and pharmaceutical testing is also driving the growth of the market.
However, budgetary constraints faced by small and medium-sized laboratories and lack of consistency in 3D cell culture products restrains the growth of the 3D cell culture market. The market was valued at US$ 586.1 Mn in 2014 and expected to account for US$ 2,717.6 Mn by 2020 at a CAGR of 29.1%.
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Europe was the largest market for 3D cell culture in 2014. This is mainly due rising investments in 3D cell culture market and increasing research related activities. The Europe market for 3D cell culture was valued at US$ 234.4 Mn in 2014 and is expected to account for US$ 1,067.8 Mn by 2020 at a CAGR of 28.7%. On the basis of technology, microchips are the fastest growing segment.
On the basis of application, drug discovery is the largest segment in the 3D cell culture market. Among end users, biotechnology and biopharmaceuticals industries segment is the fastest growing segment in the 3D cell culture market.
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