The global lung in vitro market achieved a size of USD 273.7 million in 2020 and is poised to exhibit a robust Compound Annual Growth Rate (CAGR) of 17.9% throughout the forecast period. The surge in global market revenue is propelled by several key factors, including the escalating prevalence of lung infections such as COPD, asthma, and lung cancer, coupled with increased investments in drug development procedures.
Lungs, being vital organs in the human body, play a critical role, and any dysfunction can have severe consequences on lung structure, potentially leading to fatal effects. Traditionally, the analysis of lung malfunctioning and the progression of lung diseases has relied on animal models. However, the adoption of in vitro models has been on the rise in recent times. This shift can be attributed to two main factors: the desire to reduce reliance on animal experimentation and the recognition that animal models cannot fully replicate the intricate structure of the human lung.
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
Epithelix (Switzerland), MatTek Corporation (US), Lonza (Switzerland), ATCC (US), InSphero (Switzerland), Emulate (US), AlveoliX (Switzerland), Oncotheis (Switzerland, TissUse (Switzerland), Mimetas (Netherlands), and CN Bio Innovations (UK).
Segments covered in the report:
| By Based On Type |
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| By Based On Application |
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Lung In Vitro Model industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Lung In Vitro Model manufacturers and provides valuable insight into the market for companies and individuals.
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