In Vitro Lung Model Market: Size, Growth, Industry Share, Forecast And Analysis Report By 2027
The global in vitro
lung model market is expected to reach US$ 701.81 Mn in 2027 from US$ 185.80 Mn
in 2018. The market is estimated to grow with a CAGR of 16.2% from 2019-2027.
Driving factors of
the in vitro lung model are significant growth in research funding, and
increasing adoption of 3d model systems for in vitro studies. Also, growing
research on lung diseases is likely to have a positive impact on the growth of
the market in the coming years. Besides, rising healthcare expenditure, and
advancements in cell culture techniques is likely to have a positive effect on
the growth of the market in the forecast years.
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Vitro Lung Model Market @
The cases of asthma, lung cancer, and COPD has been growing
across the globe at a significant rate. Thus there is a growing need to study
lung diseases specifically. Since early 2010’s the practices of creating
lab-grown organ buds, mostly referred to as ‘organoids’, have become more
popular. These organ buds are miniature organ-like structures that are
maintained in the lab, and researchers are able to grow these organoids, which
resembles human body tissues. Lung diseases, like idiopathic pulmonary fibrosis
(IPF) and chronic obstructive pulmonary disease (COPD), is a significant cause
of death and illness worldwide. A recently published report by Eli and Edythe
Broad Center of Regenerative Medicine and Stem Cell Research at the University of
California developed a new system for building lung 3D organoids to model lung
disease. Moreover, Lung cancer cell lines have made a significant contribution
to lung cancer research and biomedical discovery. The high similarities between
lung cancer cell lines and the lung tumor helps in discovering new drug
molecules. Thus the growing research on lung diseases is expected to offer
broad growth opportunities for the in vitro lung model market at the global
level.
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The global in vitro lung model market is segmented by type,
and application. On the basis of type, the market is segmented into 2D and 3D.
The 3D segment is expected to dominate the type segment market as 3D cell
culture gives better phenotypes insights which are poorly reproduced in
conventional 2D cell culture, Based on the application, market is segmented
into drug screening, toxicology, 3d model development, physiologic research,
stem cell research, and regenerative medicine. Toxicology segment is expected
to dominate the application segment during the forecast period.
Some of the important primary and secondary sources included in the report are, Food and Drug Administration, World Health Organization (WHO), American Society of Clinical Oncology, American Type Culture Collection, Centers for Disease Control and Prevention, Canadian Lung Association and others.
Reason to Buy
• Save and
reduce time carrying out entry-level research by identifying the growth, size,
leading players and segments in the in vitro lung model market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global in vitro lung model market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global in vitro lung model market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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