Each lithium-ion battery requires 10 to 20 times more graphite than lithium. According to an independent research firm, in 2012, around 80% of graphite used in batteries was for lithium-ion batteries.
New York, NY -- (SBWIRE) -- 01/15/2016 -- Persistence Market Research has published a new research report, titled "Global Market Study on 3D Cell Culture: Asia to Witness Highest Growth by 2020". This holistic research report gives an insight into the market dynamics and trends governing the global 3D cell culture market. The research report also points out the market drivers, restraints, threats, and opportunities faced by this market. The expert industry analysts have used SWOT analysis and Porter's five forces analysis to assess the global 3D cell culture market. According to the research report, the global 3D cell culture market was valued at US$586.1 mn in 2014 and is expected to grow at a CAGR of 29.10% to reach a valuation of US$2,717.6 mn by 2020.
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The global 3D cell culture market is experiencing an impressive growth rate due to increasing investments made by companies, growing research-related activities, and booming demand for organ transplantation. This growth is also being supported by the technology's unique ability to replace the use of animals in research and pharmaceutical testing. Despite the strong market drivers, the global 3D cell culture market faces certain restraints such as the tight budgets of small and medium-sized laboratories. The lack of consistency in 3D cell culture products is also hampering the growth of the global 3D cell culture market.
The global 3D cell culture market is segmented on the basis of technology, application, end use, and geography. The technologies used in the global 3D cell culture market are bioreactors, extracellular matrices or scaffolds, gels, scaffold-free platforms, and microchips. The application of these are seen in research, drug development and testing, tissue engineering, clinical application, and stem cell biology. The end users of 3D cell culture are research laboratories and institutes, biotechnology and pharmaceutical industries, hospitals and diagnostic centers, and others. Geographically, this market is segmented into North America, Europe, Asia, and Rest of the World.
Out of all the geographical segments, Europe holds the biggest market share in the global 3D cell culture market. The Europe 3D cell culture market stood at US$234.4 mn in 2014 and is expected to reach US$1,067.8 mn by 2020, growing at a CAGR of 28.70% till 2020. This dominant share is attributable to the rising investment in the market. On the other hand, extracellular matrices or scaffolds are the popularly used technology in the global 3D cell culture market. Amongst the end users, the biopharmaceuticals and biotechnology industries are expected to dominate the 3D cell culture market in the coming few years. Analysts predict that the trend of laboratory automation for 3D cell culturing will pick up pace in the coming few years.
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Some of the important players in the global 3D cell culture market are Sigma-Aldrich Corporation, Corning Incorporated, Global Cell Solutions, Inc, Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, 3D Biotek LLC, Lonza Group, InSphero AG, Reinnervate Ltd, and 3D Biomatrix, Inc. The report offers an explanation on the competitive landscape of the global 3D cell culture market and gives an accurate insight into the company profile, financial overview, research and development activities, product portfolio, and investment outlook.
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