Lung in Vitro Model Market Size, Major Strategies, Trend, Key Companies, Revenue Share Analysis, 2018–2028
The global lung in
vitro model market size is expected to reach USD 976.9 Million in 2028
and register a CAGR of 17.9%, according to the latest report by Reports and
Data. Advancements in cell culturing technology, high preference for in vitro
models instead of animal models, introduction of new 3D in vitro models, and
increasing prevalence of lung disorders and lung cancer are key factors driving
global market revenue growth.
Lungs are one of the important organs in the human body.
Dysfunction in lungs affects the structure and functioning that can cause
lethal effects. Though animal models are prevalently used for drug screening,
introduction of better alternatives to minimize experiments on animals is
boosting demand for in vitro models. Rising prevalence of lung diseases like
asthma, lung cancer, Idiopathic Pulmonary Fibrosis (IPF), Chronic Obstructive
Pulmonary Disease (COPD), and stringent regulations regarding animal
experimenting is boosting global market growth. In addition, increasing
adoption of 3D cell culture, introduction of advanced 3D in vitro models, and
increasing research activities on lung disorders are supporting growth of the
global lung in vitro model market. High usage of in vitro models in contract
research organizations, pharmaceuticals and biotechnology companies, and other
research institutes is also fuelling market revenue growth.
However, factors such as dearth of trained professionals and
researchers, high initial investments, and unawareness about in vitro models
especially in developing countries are key restraints that are expected to
hamper global market growth in the forecast period.
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Epithelix,
MatTek Corporation, Lonza, ATCC, InSphero, Emulate, AlveoliX, Oncotheis, Thermo
Fischer Scientific Inc., PromoCell GmbH, Merck KGaA, TissUse, Mimetas, and CN
Bio Innovations are some key players operating in the global lung in
vitro model market.
Some key highlights in the report:
- Among
the type segments, 3D model segment is expected to register rapid revenue
CAGR over the forecast period owing to high demand for 3D models to mimic
in vivo physiology of lungs more efficiently.
- Based
on application, the drug discovery segment is expected to account for
largest revenue share in the global lung in vitro model. Factors such as
rising investments for developing new drugs and increasing adoption of 3D
models to provide a favorable environment for drug discovery applications
are supporting segment growth.
- North
America is expected to account for largest revenue share among other
regions over the forecast period. Presence of key market players, rising
investments by major companies in research and development activities,
presence of well-established laboratories and healthcare sector, and
rising funds from National Institute of Health (NIH) are boosting market
growth in this region.
- The
lung in vitro market in Asia Pacific is expected to register highest
revenue growth between 2018 and 2028 owing to increasing investments in
research and development activities, ongoing research on drug development,
growing awareness about in vitro model testing, improvements in healthcare
infrastructure, and high prevalence of lung cancer and lung
infections.
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Model Market” @ https://www.reportsanddata.com/report-detail/lung-in-vitro-model-market
For this study, Reports and Data has segmented the global
lung in vitro model market based on Type, Application, and Region:
Based On Type: (Revenue, USD Million, 2018 - 2028)
- 2D
Models
- 3D
Models
- In-house
3D Models
- Commercialized
3D Models
Based On Application: (Revenue, USD Million, 2018 - 2028)
- Drug
Discovery
- Toxicology
- 3D
Model Development
- Basic Research
- Physiological
Research
- Stem
Cell Research and Regenerative Medicine
Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia,
Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin
America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of
MEA)
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Key Point Summary of the Report:
The
global Lung in Vitro Model market research report is an investigative study
offering key insights into the latest growth trends, developments, technological
and product advancements, and the research and development scenario. The report
also covers the market aspects that directly influence the growth of the
market. These features include strategies undertaken by the prominent players,
their expansion tactics, and the product portfolios of the companies, and micro
and macro-economic factors.
The
study also analyses the crucial market aspects, including R&D, product
launches and brand promotions, mergers and acquisitions, collaborations, joint
ventures, and the growth pattern on both regional and global levels. The report
offers an in-depth evaluation of factors such as cost, capacity, rates of
production and consumption, gross revenue, profit margin, demand and supply
ratio, import/export, market share, market size, and market trends.
The
Global Lung in Vitro Model Market includes relevant and verified information
relating to the overall market, key players, and their market position and
financial standing. The report utilizes advanced analytical tools such as SWOT
analysis, Porter’s Five Forces Analysis, investment return analysis, and
feasibility analysis to offer a comprehensive view of the market position of
the major players of the industry.
To
summarize everything stated above, the report offers key insights into the Lung
in Vitro Model market to allow the reader to gain a complete understanding of
the Global Lung in Vitro Model Market through accurate estimations, a panoramic
view of the market scenario, competitive landscape, factors influencing the growth
of the market, driving factors, restraints, regulatory framework, growth
prospects and opportunities, and factors propelling the market forward. The
research study offers an in-depth view of the industry to offer a competitive
edge to the reader and help them in formulating beneficial investment plans.
The report provides a comprehensive overview of the market with facts relating
to the past, present, and future of the Global Lung in Vitro Model Market.
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you for reading the report. The report can be customized as per the
requirements of the clients. For further information or queries about
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