The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global 3D hydrogel for cell culture market. The outbreak of COVID-19 has caused increased concern among people about health. In the 1st half of 2020, the pandemic created a decline in the manufacturing and sales of 3D hydrogel for cell culture, which had an impact on production facilities. The COVID-19 caused distribution in the supply chain, which slowed the market growth. However, the global outbreak of COVID-19 has had a positive impact on the 3D Hydrogel for cell culture market. As, the usage of 3D tissue-engineered models for COVID-19, cancer, and other clinical disorders has emerged as an alternative approach to traditional techniques. This also shows great potential in providing a relatively simple and inexpensive in vitro tumor-host environment compared to 2D techniques. The key players have started investing in research and development that impacted positively on the 3D Hydrogel for cell culture market.

MARKET OVERVIEW- GLOBAL 3D HYDROGEL FOR CELL CULTURE MARKET

MARKET DRIVERS

An increasing incidence of chronic disease, and high adoption of 3D hydrogel cell culture in various research institutes are expected to boost the market growth. 3D hydrogel shows high flexibility and it can function with different types of cells. Further, rising funding for research and development activities along with increasing RD activities by pharma and biotechnology companies to develop novel approaches is also driving the 3D hydrogel for cell culture market growth. Also, various pharmaceutical and biotechnology companies, academic institutions and laboratories are adopting 3D hydrogel cell culture techniques for better results.

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MARKET RESTRAINTS

Companies are facing issues such as lack of experienced and skilled professionals, lack of consistency in 3D hydrogel in cell culture products. 

MARKET OPPORTUNITIES

Increasing awareness, an increase in the funding in stem cell research and the expanding use of 3D hydrogel cell culture in cancer therapy create a great opportunity for the market. Also, the growing number of chronic diseases across the globe creates an opportunity for the key players to launch new products.

MARKET GROWTH CHALLENGES

Budget constraints for small and medium sized laboratories is the major challenge faced by the 3D hydrogel for cell culture market. The initial investment associated with 3D hydrogel in cell culture is high and these small and medium sized laboratories can’t bear the expenditure.

CUMULATIVE GROWTH ANALYSIS

The report provides in-depth analysis of the global 3D hydrogel for cell culture market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. An increase in research activities, large investment from key players in 3D hydrogel cell culture technique to get better results are major factors that help to boost the 3D hydrogel for cell culture market. It is expected to witness a growth at a specific CAGR from 2022-2028.

MARKET SEGMENTAL OVERVIEW

The global 3D hydrogel for cell culture market comprises of different market segment like Application, end-user and geography. 

3D HYDROGEL FOR CELL CULTURE MARKET BY APPLICATION

The 3D hydrogel for cell culture market finds its application in cancer cell research, 3d printing/ microfluidics, regenerative medicine, and in vivo application for stem cells. For cancer cell research, it accounts for the largest share in the 3D hydrogel for cell culture market. Increasing research and development activities for cancer is expected to drive the 3D hydrogen cell market growth in cancer cell research. For instance, in August 2020, researchers at Okyama University created a new 3D cell culture model of pancreatic cancer. Further, 3D hydrogel has been used to study cancer cell and anticancer efficacies of drugs. The use of spheroid as model systems during the development of anticancer therapies boosts the research and development for cancer cell research.

3D HYDROGEL FOR CELL CULTURE MARKET BY END-USER

The end-users studied in the global 3D hydrogel for cell culture market are research laboratories institutes, diagnostic centers, biotechnology pharmaceutical industries. The biotechnology and pharmaceutical industries account for the largest share in the 3D hydrogel for cell culture market. In 2020, the biotechnology and pharmaceutical industry accounted for approximately more than 46 percent share in the market. 3D hydrogel cell culture is more suited for drug discovery and development, which boosts the demand for the market.

3D HYDROGEL FOR CELL CULTURE MARKET BY GEOGRAPHY

The global 3D hydrogel for cell culture market is studied for the following regions: North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is likely to dominate the 3D hydrogel for cell culture market. Owing to the availability of new and improved technology to cure cancer and the establishment of the pharmaceutical and biotechnology industries. North America holds the leading position in the market as these cells are from non-human-based sources, highly viscous and not autofluorescentent. Further, the availability of private and government funding for the development of advanced 3D cell culture models, high healthcare spending and the presence of a large number of universities in the region fuel the market growth. In 2020, The Mayo Clinic and Terasaki Institute of the United States developed a hydrogel which can be used in monitoring and control of hemorrhage. This growing research activity in the region fuels the market growth.

COMPETITIVE LANDSCAPE ANALYSIS 

The competitive landscape analysis of 3D hydrogel for cell culture market is certainly based range of market players operating in the market with increasing research and development activities and large investment from key players across the globe boost the 3D hydrogel for cell culture market growth. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments. 

The key players studied in the market are, UPM Global, AMS Biotechnology (Europe) Limited, 3D Biotek LLC, 3D Biomatrix, Inc., Becton, Dickinson and Company, Corning Inc, Global Cell Solutions, Inc., InSphero AG, Lonza Group AG, Nanofiber Solutions LLC, Boca Scientific, Inc., Esi Bio, Reinnervate Limited, Sigma-Aldrich Corp, Ferentis, Tecan Trading AG, Cellendes GmbH, Cosmo Bio USA, Inc, Thermo Fisher Scientific, VWR Internationa LLC and among other.

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