Italy organoids and spheroids Market to Explore Excellent Growth in Future Reach $36.6 Million by 2032
Spheroid and organoid cultivation technologies have potential applications in cancer modeling, medication screening, and personalized medicine.
WILMINGTON, DELAWARE, UNITED STATES, July 10, 2024 /EINPresswire.com/ -- Italy organoids and spheroids market size valued for $13.8 million in 2022 and is estimated to reach $36.6 million by 2032, exhibiting a CAGR of 10.2% from 2023 to 2032. An organoid is an in vitro-produced miniaturized replica of an organ, designed to replicate realistic micro-anatomy. These structures are capable of self-renewal and demonstrate functional traits akin to the original tissue. Organoids are highly complex and are more in vivo-like when compared to spheroids.
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Advanced Solutions Life Sciences, LLC, Thermo Fisher Scientific Inc, Agilent Technologies Inc., Bio-Techne srl, Revvity Inc., Merck KGaA, Corning Inc., Greiner AG, Mimentas, PromoCell GmbH
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In addition, organoids have the ability to replicate the intricate biology of organs and tissues, the advent of patient-derived models, and their broad applicability across various research and industrial sectors further support the segment growth. By method, the market is segmented into extracellular matrix scaffold method, spinning bioreactor method, hanging drop method, low adherent culture plate method, magnetic levitation method and others. The extracellular matrix scaffold method segment exhibited the largest share in 2022 and is also expected to register the highest CAGR during the forecast period.
This is attributed to the rise in demand for extracellular matrix (ECM) scaffold method as it offers a unique and sophisticated approach to creating 3D cell culture environments. In addition, the potential for personalized medicine and patient-specific therapies has fueled the growth of the extracellular matrix scaffold method segment.
By end user, the market is fragmented into biotechnology and pharmaceutical industries, academic & research institutes, hospitals, and diagnostic centers. Among these, the biotechnology & pharmaceutical industries segment exhibited the highest growth in 2022, and is anticipated to lead during the forecast period, owing to surge in use of organoids for biopharmaceuticals and cancer drug research. In addition, rise in the demand for personalized medicine and precision therapies has grown significantly that supports the segment growth.
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These advancements have not only improved the efficiency and reproducibility of culturing these 3D cell models but also expanded their applications in various research fields. For Instance, Corning Incorporated offers the Corning Matrigel matrix, a natural extracellular matrix (ECM)-based hydrogel, is widely used and referenced in 3D cell culture, in support of organoid and spheroid formation. The need for more convenient, consistent, pre-coated format options has emerged as 3D cell culture models migrate into a high throughput environment. Such features offered by organoids and spheroids support market growth.
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