The latest market report published by Credence Research, Inc. “Global 3D cell culture microplates Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027”. The 3D cell culture microplates market was valued at USD 300 million in 2020 and expected to grow at a CAGR of 14.2% during the forecast period from 2021 to 2027 to reach around USD 810 million in 2027.
Global 3D cell culture microplates Market, 2015 – 2027 (USD Million)
Browse the full report at https://www.credenceresearch.com/report/3d-cell-culture-microplates-market
3D cell culture is growing at a rapid place across the world. 3D cell culture microplate is one of the important aspects of 3D cell culture industry. 3D cell culture microplate possesses a microcavity technology that allows large scale spheroid creation, culture, and analysis.
Key Trends in Global 3D cell culture microplates Market
Rising Demand for Reusable 3D Cell Culture Microplates Across the World
Reusable 3D cell culture microplates are growing in demand as against traditional single use microplates. Zero waste movement is picking up pace in laboratories around the world. Although available at premium price, reusable plates can be used several times without bargaining the quality. Leveraging the “go green” trend adopted by large number of biotech & pharmaceutical companies, CROs, and laboratories coming under fundamental research/academic/government institutes, 3D cell culture microplates are growing at a rapid pace.
Impact of COVID 19 on Global 3D cell culture microplates Market
COVID 19 has left an unparalleled impact on growth of global 3D cell culture microplates industry. The global 3D cell culture microplates has witnessed very severe setback like never before. The demand for 3D cell culture microplates is expected to be plunged by almost 20% in 2020, in terms of both volume as well as revenue. However, with the beginning of unlock process across the world and anticipation of COVID 19 vaccine to be launched during first half of 2020 is expected to bring recovery in demand for 3D cell culture microplates.
Pre and Post COVID 19 Global 3D cell culture microplates Market, 2019 – 2027 (USD Million)
Global 3D cell culture microplates Market by Type Insights
Based on its type, the global 3D cell culture microplates market can be segmented into Micropatterned Surface Microplates, Hanging Drop Microplates and Spheroid Microplates containing Ultra-Low Attachment (ULA) coating. Micropatterned Surface Microplates captured the maximum share in the revenue of hypoallergenic infant formula all over the world in 2020.
Global 3D cell culture microplates Market by Application Insights
Based on its application, the global 3D cell culture microplates market can be segmented into Cancer, Tissue Engineering & Immunohistochemistry, Drug Development, Stem Cell Research and others. Cancer segment dominated the application market for 3D cell culture microplates industry. Increasing prevalence of cancer around the world is resulted into growing demand for 3D cell culture microplates.
Global 3D cell culture microplates Market by End-user Insights
Based on its end-user, the global 3D cell culture microplates market can be segmented into CRO’s, Research Laboratories and Institutes, Hospitals and Diagnostic Centers, Biotechnology and Pharmaceutical Industries Others. Biotechnology and Pharmaceutical Industries dominated the end-user industry with highest share in revenue generation in 2020. Biotechnology and Pharmaceutical Industries occupied over 30% share in 2020. Strong growth of CRO industry is also expected to trigger the demand for 3D cell culture microplates in the years to come.
Global 3D cell culture microplates Market by Regional Insights
North America accounted for largest share in 2020 and was closely followed by the Europe and Asia Pacific. Strong research and development activity in the field of healthcare, growing CRO industry and large number of academic institutes in North America is fueling the growth of 3D cell culture microplates in the region. High rate of cancer incidences in the region is also one of the major reason behind growth of 3d cell culture microplates in the region.
Global 3D cell culture microplates Market Competitive Landscape
Key players operating in the field of manufacturing 3D cell culture microplates including but not limited to Corning, eNUVIO, Creative Bioarray, VistaScientific, Biotek, BGO and Thermofisher.
Global 3D cell culture microplates Market, Company Share 2020
Market Segmentation
Global 3D cell culture microplates Market by Type, 2015 – 2027
· Micropatterned Surface Microplates
· Hanging Drop Microplates
· Spheroid Microplates containing Ultra-Low Attachment (ULA) coating
Global 3D cell culture microplates Market by Application, 2015 – 2027
· Cancer
· Tissue Engineering & Immunohistochemistry
· Drug Development
· Stem Cell Research
· Others
Global 3D cell culture microplates Market by End-user, 2015 – 2027
· Biotechnology and Pharmaceutical Industries
· Research Laboratories and Institutes
· Hospitals and Diagnostic Centers
· Others
Global 3D cell culture microplates Market by Region, 2015 – 2027
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
Global 3D cell culture microplates Market: Key Players
· Corning
· eNUVIO
· Creative Bioarray
· VistaScientific
· Biotek
· BGO
· Thermofisher
. Others