In Vitro Lung Model Market

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MarketsandMarkets Presents

• In Vitro Lung Model Market
•  - Global Forecasts to 2023

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• The lung in vitro models market is projected to
  reach USD 427.4 Million by 2023 from USD 190.5
  Million in 2018, at a CAGR of 17.5. The key
  factors driving the growth of this market include
  growing focus on developing alternatives for
  animal testing models, advancements in cell
  culture technologies, and the development of new
  3D in vitro models.
• The report analyzes the lung in vitro models
  market by type, applications, and region. Based
  on type, the in vitro lung model market is
  segmented into 2D cell models and 3D cell models.
  3D cell models is further segmented into in-house
  and commercialized 3D models (ready-to-use). The
  3D cell models segment is projected to grow at
  the fastest rate during the forecast period due
  to the rising need for efficient lung in vitro
  models that mimic in vivo physiology.

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https//www.marketsandmarkets.com/Market-Repo
rts/lung-in-vitro-model-market-78042820.html B
ased on application, the market is segmented into
applications of 2D models and 3D models.
Applications of 2D models include drug discovery
and toxicology, 3D model development, and basic
research. The drug discovery and toxicology
segment is expected to hold the largest share of
2D applications in 2018. The drug discovery and
toxicology applications dominated the 2D
application segment owing to the flexibility and
high throughput capabilities of 2D cell models. 
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• Based on region, the in vitro lung model market
  is segmented into North America, Europe, Asia
  Pacific, and the RoW. In 2018, North America is
  projected to account for the largest share of the
  global lung in vitro models market. The
  development in the market in North America is
  driven by the flourishing research environment
  and abundant funding program such as increased
  funds for the National Institutes of Health (NIH)
  and increased RD activities by biotechnology and
  pharmaceutical companies.
• However, the dearth of skilled professionals such
  as researchers and technicians that are required
  to set up and run experiments involving complex
  in vitro models, is likely to be a challenge for
  market growth.
• The major players in the lung in vitro models
  market include Epithelix (Switzerland), MatTek
  Corporation (US), Lonza (Switzerland), ATCC (US),
  InSphero (Switzerland), Emulate (US), AlveoliX
  (Switzerland), Oncotheis (Switzerland), Insphero
  (Switzerland), TissUse (Switzerland), Mimetas
  (Netherlands), and CN Bio Innovations (UK).

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