Portland, Ore., Aug. 15, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the global scaffolding technology market generated USD 1.02 billion in 2021 and is expected to reach USD 5.09 billion by 2031, witnessing a CAGR of 18.0% from 2022 to 2031. The report offers extensive analysis of the changing market dynamics, most the good segments, the value chain, the competitive environment and the Covid -19 pandemic impact. This report provides detailed information for market participants, stakeholders, investors and start-ups in developing strategies to achieve sustainable growth and gain a competitive edge in the market.
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Report Coverage and Details:
|Market size in 2021||$1.02 billion|
|Market Size in 2031||$5.09 billion|
|Number of pages in the report||254|
|Covered segments||Product Type, Type, Application, End User and Region.|
|Drivers||Rising demand for body reconstruction and tissue engineering procedures|
|Growth in the use of biomaterials|
|Opportunities||Technological Advances in Scaffolding Technology|
|Increasing R&D spending by governments in developing countries|
|Holds||High costs associated with implementation|
- The increase in research activities has generated a huge demand for scaffold-based platforms for 3D cell cultures. These cell cultures are useful in developing treatments against the Covid-19 virus. This demand has positively impacted market growth during the pandemic.
- Inconsistent and interrupted supply chain activities along with lack of human resources are expected to affect the growth of the market.
- Many research institutes and contract research laboratories have either stopped or postponed investments in stem cell research, cancer cell research and regenerative medicine developments that use scaffolding technology. This in turn has had a negative impact on the scaffolding technology market.
- Once economic uncertainty subsides after the pandemic, new investments will be made and market participants will use scaffolding technology for drug discovery and other applications.
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The study provides detailed segmentation of the global Scaffolding Technology market based on product type, type, application, end user, and region. The study discusses segments and sub-segments to identify the most revenue generating and fastest growing segments for market players and start-ups. The market size and its estimates for each segment and its sub-segment are provided in the report to identify the steps that need to be taken to achieve growth.
On the basis of product type, the natural scaffold segment had the highest share in 2021, accounting for more than three-fifths of the total share, and is expected to continue its leadership status during the forecast period. However, the synthetic scaffold segment is expected to exhibit the highest CAGR of 19.0% from 2022 to 2031.
On the basis of type, the microporous scaffold segment accounted for the highest share in 2021, contributing more than four-fifths of the global scaffold technology market and is expected to maintain its leading position in terms of revenue during the forecast period. However, the solid scaffolds segment is expected to exhibit the highest CAGR of 18.8% from 2022 to 2031. The report also analyzes the segments including microporous scaffolds and nanoporous scaffolds.
On the basis of application, the cancer cell research segment contributed the highest share in 2021, holding around one-third of the global market and is expected to dominate in 2031. However, the regenerative medicine segment is expected to grow by highest CAGR of 19.4% during the forecast period. The study also discusses segments such as stem cell research and drug discovery.
On the basis of end-user, the academic institutes segment accounted for the largest share in 2021, contributing more than one-third of the global scaffolding technology market, and is expected to retain its dominance in terms of revenue in 2031. Although the contract research labs segment is expected to exhibit the fastest CAGR of 18.6% during the forecast period. The report also analyzes the segment of biotech and pharmaceutical companies.
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On the basis of region, North America accounts for the highest share in 2021, holding around two-fifths of the global market and is expected to dominate by 2031. However, Asia Pacific is estimated to grow at the fastest CAGR of 19.6% during forecast period. The study also analyzes regions including Europe and LAMEA.
Leading market players in the global scaffold technology market analyzed in the research include 3D Biotek LLC, Agilent Technologies, Inc. (Biotek), Bico Group, Corning Incorporated, BioVison Incorporated, PromoCell GmbH, Merck KGaA (Sigmaaldrich), Synthecon, Incorporated, Reprocell Incorporated and Thermo Fisher Scientific Inc.
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“We have also published several syndicated market studies in a similar area that may be of interest to you. Below is the report title for referenceconsidering the impact of Covid-19 on this market, which will help you assess the impact of the pandemic on the short-term and long-term growth trends of this market.”
About Allied Market Research:
Allied Market Research (AMR) is the market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a single-minded goal of providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry verticals including Life SciencesConsumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverage, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense and BFSI.
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