In-Vitro Lung Model Market Growth Report | 2021 to 2031
The In-Vitro Lung ModelMarket was valued at US$ 405.4 million in 2021 and is expected to reach US$ 1,194.4 million by 2031. The market is expected to register a CAGR of 12.0% from 2023–2031. Growing uptake of technologically advanced models is likely to remain key In-Vitro Lung Model Market trends.
In-Vitro Lung ModelMarket Analysis
Rising Respiratory Disorders
Chronic respiratory diseases (CRDs) are the leading cause of death and disability worldwide. CRDs include chronic obstructive pulmonary disease (COPD), asthma, and other chronic respiratory diseases such as occupational lung diseases and pulmonary hypertension. According to the Pan American Health Organization (PAHO) and World Health Organization (WHO) statistics, CRDs accounted for 8.9 million Years of Lives Lost (YLLs) of both sexes, among which 4.7 million were men and 4.2 million were women. Therefore, to control mortality rate of CRDs, there is an accelerated demand for in-vitro lung models to assess CRDs and design line of treatment (therapeutics). For example, a 3D model of the human respiratory tract (HRT) provides relevant information that can be used for studies aiming at better understanding lung biology, cross-talk between immune cells, airborne allergens and pathogens, and respiratory drug delivery. Such innovative 3D in-vitro lung models will try to improve treatment response towards CRDs among the population, driving market growth during 2021-2031.
In-Vitro Lung ModelMarket Overview
Technology, innovation, and smart technological solutions such as continue to influence In-Vitro Lung Model Market significantly. Rising respiratory disorders and management drugs and in-vitro lung model for lung fibrosisare the most influential factors responsible for In-Vitro Lung Model Market growth. Technologically advanced in-vitro lung model is a key trend for In-Vitro Lung Model Market growth. Engineered in-vitro lung models will provide lucrative market opportunity for the In-Vitro Lung Model Market growth.
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In-Vitro Lung Model Market: Strategic Insights
Market Size Value in US$ 185.80 Million in 2018 Market Size Value by US$ 701.81 Million by 2027 Growth rate CAGR of 16.2% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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In-Vitro Lung Model Market: Strategic Insights
| Market Size Value in | US$ 185.80 Million in 2018 |
| Market Size Value by | US$ 701.81 Million by 2027 |
| Growth rate | CAGR of 16.2% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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In-Vitro Lung ModelMarket Drivers and Opportunities
In-Vitro Lung Model For Lung Fibrosis to Favor Market
In-vivo lung models prove valuable as they identify specific cellular and molecular mechanisms that can trigger pulmonary disease and progression. For example, in-vitro models are not only accessible for studying the molecular mechanisms targeting pulmonary fibrosis but also for innovative drug applications for screening fibrosis. The most frequently used in-vitro models to study pulmonary fibrosis are 2D cell cultures. Currently, in-vitro lung models have been developed to improve preclinical drug testing and bridge the translational gap to human clinical trials as these techniques offer advanced imaging and analysis of disease mechanisms, allowing drug discovery for validation and personalized treatment. Therefore, innovative models and applications of in-vitro lung models will assist to develop effective treatment options to treat pulmonary fibrosis thereby dominating market growth.
Engineered In-Vitro Lung Models– An Opportunity
The development of engineered in-vitro lung models is still a growing research field. However, there are some physiologically relevant engineered human in-vitro models. These include 3D-tissue-engineered lung models to study the immune response following viral infections of the small airway. The 3D in-vitro lung model is a promising research field to study lower respiratory viruses. Also, such 3D in-vitro lung models can be more predictive in studying viral pathogenesis, treatment strategies, and utility experimental analysis or therapeutic clinical trials. Therefore, such innovative 3D in-vitro lung model will provide lucrative market opportunities will account considerable market share in the coming years for in-vitro lung model market.
In-Vitro Lung Model
Market Report Segmentation Analysis
Key segments that contributed to the derivation of the In-Vitro Lung Model Market analysis are candidature and services.
- Based on Type, the In-Vitro Lung Model Market is divided into 2D and 3D. The 3D segment may hold a larger market share in 2023.
- Based on Application, the In-Vitro Lung Model Market is segmented as drug screening, toxicology, 3d model development, physiological research, stem cell research, and regenerative medicine. The drug screening segment may hold a larger market share in 2023.
In-Vitro Lung Model Market Share Analysis by Geography
The geographic scope of the In-Vitro Lung ModelMarket report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has dominated the In-Vitro Lung Model Market. In North America, US accounts considerable share for in-vitro lung model. Presence of top manufacturers present in the US, is one of the most influential factors responsible for market growth. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
In-Vitro Lung Model
Market Report Scope
In-Vitro Lung ModelMarket News and Recent Developments
The In-Vitro Lung ModelMarket is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in them market for In-Vitro Lung Model and strategies:
- In December 2021, Lonza announced collaboration with Agilent Technologies Inc. and development of innovative analytical technologies with "Lonza's Cocoon Platform". The partnership seeks to advance the incorporation of existing and novel analytical methods to manufacture workflow of patient-scale cell therapies using the Cocoon Platform. Therefore, companies through collaboration will move forward in creating sustainable technologies and solutions enhancing the availability of crucial cell-based therapies for diverse lung disease.
In-Vitro Lung ModelMarket Report Coverage and Deliverables
The “In-Vitro Lung ModelMarket Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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