Europe 3D Cell Culture Market to Grow at a Formidable Rate During the Forecast Period
Growing chronic diseases and
focus on personalized medicines to drive the growth of Europe 3D cell culture
market
According to
TechSci Research report, “Europe
3D Cell Culture Market By Product, By End User, By Application, By Region,
Competition, Forecast & Opportunities, 2025”, the Europe 3D cell culture market is expected to witness a
formidable growth during the forecast period on account of significant growth
within the biopharmaceuticals industry. Additionally, rising research and
development spending for many products like vaccines and antibodies is further expected
to boost the product demand over the forecast period. Along with that, increasing
instances of cancer and liver-related issues and increasing instances of cancer
and liver-related issues are other factors contributing to the market growth
over the years to come. However, high cost of cell biology research might act
as a major impediment to the growth of Europe 3D cell culture market over the
forecast years.
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In
terms of end user industry, the market is segmented into pharmaceutical &
biotechnology companies, research institutes, cosmetics industry and others. Out
of which, the pharmaceutical & biotechnology segment is anticipated to grow
at the highest CAGR during the forecast period. The growth of this segment can
be accredited to the factors such as the strong drug manufacturing and research
activities in regional pharmaceutical & biotechnology companies, shifting
focus on alternatives to animal testing models. Based on application, the
market is fragmented into cancer & stem cell research, drug discovery &
toxicology testing, tissue engineering & regenerative medicine. The cancer
& stem cell research application segment is expected to dominate the market
through 2025, owing to increasing prevalence of cancer and significant funding
for cancer research.
Thermo
Fisher Scientific, Corning Incorporated, Merck KGaA, Lonza Group, Reprocell, 3D
Biotek LLC, CN Bio Innovations Limited, Hamilton Company, Insphero AG, Emulate,
Inc etc. are some of the leading players operating in Europe 3D cell culture market.
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“Europe 3D cell
culture market commanded the largest share of the market until 2019 due to growth
of pharmaceutical and biotechnology industry in the region. Furthermore, presence
of major market players, commercialization of microfluidics-based products and
many research activities being conducted regionally are bolstering the growth
of 3D cell culture market in the region.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Europe 3D Cell Culture Market By Product, By
End User, By Application, By Region, Competition, Forecast & Opportunities,
2025” has evaluated the future growth
potential of Europe 3D cell culture market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
in Europe 3D cell culture market.
Contact
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