In Vitro Lung Model Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0187340
  • Format: Electronic (PDF)
  • Number of Pages: 199
  • Author(s): Joshi, Madhavi

Report Overview

The In Vitro Lung Model Market size was estimated at USD 750 million in 2023 and is projected to reach USD 1.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2024-2030).

In Vitro Lung Model Market

(Market Size)
$750 million
$1.6 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.20%
2023 Market Size USD 750 million
2030 Market Size USD 1.6 billion
Key Players Epithelix, MatTek, Lonza, ATCC, Emulate

Market Summary

The in vitro lung model market represents a specialized segment within the biotechnology industry, focused on developing advanced laboratory systems that mimic human lung physiology and pathology. These sophisticated models are engineered to provide a more human-relevant, ethical, and often more accurate alternative to traditional animal testing for a wide spectrum of research applications. The market is characterized by a high degree of innovation, driven by the convergence of tissue engineering, stem cell biology, and microfabrication technologies. Key offerings range from relatively simple two-dimensional cell cultures to highly complex three-dimensional organoids and microfluidic-based organ-on-a-chip devices. The primary end-users encompass pharmaceutical and biotechnology companies, academic and research institutions, and contract research organizations (CROs) globally. The relentless pursuit of more predictive toxicology and efficacy testing in drug discovery, coupled with stringent regulatory policies advocating for the reduction of animal testing, forms the core of this market's foundation. This dynamic sector is poised for significant evolution as technological advancements continue to enhance the physiological accuracy and throughput of these models.

Key Highlights

A pivotal highlight of the in vitro lung model market is the rapid transition from conventional static cell cultures to dynamic, multi-cellular systems. The advent of lung-on-a-chip technology stands out, enabling researchers to simulate mechanical forces like breathing motions and fluid flow, which are critical for studying respiratory diseases and aerosolized drug delivery. Another significant highlight is the growing utilization of human-induced pluripotent stem cells (iPSCs) to derive patient-specific lung cells, facilitating the development of personalized medicine approaches and the modeling of rare genetic disorders. The market is also witnessing increased strategic collaborations between academic pioneers, such as those from the Wyss Institute, and established life science companies to commercialize these complex models. Furthermore, the application of these models has expanded beyond basic research into critical areas including COVID-19 research, environmental toxicology for assessing air pollutants, and the screening of inhaled formulations, underscoring their versatility and increasing adoption across the R&D value chain.

Drivers, Opportunities & Restraints

The growth of the in vitro lung model market is propelled by several powerful drivers. The most prominent is the increasing ethical concerns and stringent regulatory mandates, particularly in Europe, that advocate for the Replacement, Reduction, and Refinement (the 3Rs) of animal testing in research. This is complemented by the significant limitations of animal models in accurately predicting human pulmonary responses, creating a strong demand for more physiologically relevant human-based systems. The high failure rate of drug candidates in clinical trials due to safety and efficacy issues, especially for inhaled therapeutics, further drives pharmaceutical companies to adopt more predictive preclinical tools. Key opportunities lie in the integration of artificial intelligence and machine learning for high-content analysis of complex model data, the development of standardized and reproducible models for widespread industry adoption, and their application in emerging fields like microbiome-lung interactions. However, the market faces notable restraints, including the high cost of development and acquisition of advanced organ-on-a-chip systems, which can be prohibitive for smaller research entities. Technical challenges related to achieving long-term culture stability, incorporating immune components, and replicating the full complexity of the human lung alveoli also present significant hurdles to overcome.

Concentration Insights

The competitive landscape of the in vitro lung model market is moderately concentrated, featuring a mix of established life science tool providers and innovative biotechnology startups. The market is dominated by a handful of key players who possess strong intellectual property portfolios, particularly around organ-on-a-chip and advanced 3D cell culture technologies. Companies like Emulate, Inc. and Mimetas B.V. are recognized for their pioneering work in organ-on-a-chip platforms, including sophisticated lung models. Simultaneously, traditional cell culture solution providers such as Thermo Fisher Scientific and Merck KGaA are strengthening their positions through internal development and strategic acquisitions of specialized startups. This concentration is further influenced by strong academic research hubs, with many commercial products originating from university technology transfer offices, such as those from Harvard?s Wyss Institute. The presence of numerous small and medium-sized enterprises (SMEs) focusing on niche applications, like specific disease modeling or custom assay development, adds a layer of fragmentation, creating a dynamic environment of both competition and collaboration through partnerships and licensing agreements.

Type Insights

The in vitro lung model market is segmented by type, primarily distinguished by the level of complexity and physiological relevance. The most basic form is the two-dimensional (2D) cell culture, which involves growing lung-derived cell lines, such as A549 or BEAS-2B, on flat plastic surfaces. While cost-effective and high-throughput, these models lack the three-dimensional tissue architecture and cellular interactions of a native lung. This limitation has fueled the development and adoption of three-dimensional (3D) models, which include spheroids, organoids, and precision-cut lung slices. These 3D systems better represent cell-to-cell and cell-to-matrix interactions. The most advanced category is the organ-on-a-chip (OOC) system, a microfluidic device that cultures living human lung cells in a continuously perfused, 3D micro-environment that recapitulates key physiological functions of the human lung, including mechanical stretching to simulate breathing. Each model type serves a distinct purpose, with 2D models used for initial high-throughput screening, 3D organoids for disease modeling, and OOCs for detailed mechanistic and translational studies, creating a multi-tiered product landscape.

Application Insights

In vitro lung models find diverse and critical applications across the biomedical research spectrum. The largest application is in drug discovery and development, where they are used for preclinical toxicity testing and efficacy assessment of new chemical entities, particularly those administered via inhalation. This helps in identifying adverse effects on lung tissue early in the pipeline, potentially saving billions in development costs. A rapidly growing application is in disease modeling, where researchers use these systems to study the pathophysiology of chronic conditions like asthma, chronic obstructive pulmonary disease (COPD), idiopathic pulmonary fibrosis (IPF), and cystic fibrosis. The recent pandemic has also underscored their value in infectious disease research, specifically for modeling SARS-CoV-2 infection and screening potential antiviral therapies. Furthermore, these models are increasingly deployed in environmental toxicology to evaluate the impact of air pollutants, nanoparticles, and industrial chemicals on human respiratory health. Another emerging application is in regenerative medicine, exploring the potential for lung tissue repair and regeneration.

Regional Insights

Geographically, North America, led by the United States, holds a commanding position in the global in vitro lung model market. This dominance is attributed to the presence of a robust biotechnology and pharmaceutical sector, substantial government and private funding for research, a high concentration of leading academic research institutions, and a favorable regulatory framework that encourages innovation in alternative testing methods. Europe represents another significant market, with strong growth driven by stringent regulations like REACH that actively promote alternatives to animal testing. Countries such as Germany, the UK, and Switzerland are key contributors due to their advanced research infrastructure. The Asia-Pacific region is anticipated to exhibit the highest growth rate during the forecast period. This growth is fueled by increasing R&D investments, the expansion of pharmaceutical and biotech industries in countries like China, Japan, and South Korea, and a growing focus on improving the quality and predictive power of preclinical research. Government initiatives supporting life sciences research further accelerate market adoption in this region.

Company Insights

The in vitro lung model market features a dynamic mix of companies, from large multinational corporations to agile specialized firms. Major life science tool providers like Thermo Fisher Scientific Inc. and Merck KGaA offer a broad portfolio of cells, media, and scaffolds essential for building basic and advanced lung models. Their extensive global sales and distribution networks provide them with a significant competitive edge. Pure-play specialists focused on advanced models are the key innovators. Emulate, Inc. is a frontrunner with its proprietary Organ-on-a-Chip technology, including a human breathing Lung-Chip. Similarly, Mimetas B.V. offers the OrganoPlate platform utilized for developing complex tissue models. CN Bio Innovations and TissUse GmbH are also notable players with their multi-organ chip systems. Companies like Epithelix S?rl and STEMCELL Technologies Inc. specialize in providing primary human lung cells and optimized culture kits that are critical reagents for researchers building their own models. AlveoliX AG is another innovator, focusing specifically on developing next-generation lung-on-chip models. The competitive strategy often involves collaboration with pharmaceutical giants and academic labs to validate and refine their technologies.

Recent Developments

The in vitro lung model market is experiencing a period of intense innovation and strategic activity. Recent technological developments have focused on enhancing model complexity and functionality. A key trend is the creation of immunocompetent models that incorporate immune cells, such as macrophages, to better study host-pathogen interactions and inflammatory lung diseases. There is also significant progress in developing models that mimic specific disease states, such as fibrotic or emphysematous lungs, with greater accuracy. The industry has witnessed notable partnerships, such as collaborations between organ-on-a-chip companies and major pharmaceutical firms to validate these platforms for specific drug discovery applications. Furthermore, regulatory science is advancing, with efforts underway to establish qualification frameworks for these new approach methodologies (NAMs) by agencies like the FDA and EMA, which would significantly accelerate their adoption in regulatory decision-making. Companies are also focusing on improving the scalability and usability of their systems to transition them from bespoke research tools to standardized, off-the-shelf products suitable for high-throughput screening environments.

Report Segmentation

This comprehensive market research report on the in vitro lung model industry provides a detailed analysis segmented along several critical dimensions to offer a granular view of the market. The segmentation by type categorizes the market into 2D cell culture models, 3D cell culture models (including spheroids and organoids), and organ-on-a-chip models, analyzing the adoption trends, technological capabilities, and growth prospects of each category. The application segmentation delves into the primary uses of these models, namely drug discovery, toxicology testing, disease modeling, and physiological research, providing insights into the demand drivers and spending patterns within each application area. Furthermore, the end-user segmentation breaks down the market into pharmaceutical and biotechnology companies, academic and research institutes, and contract research organizations (CROs), highlighting the specific needs and procurement behaviors of each customer group. Geographically, the report provides a thorough regional analysis covering North America, Europe, Asia-Pacific, and the Rest of the World, examining regional regulatory policies, research funding, and competitive landscapes. This multi-faceted segmentation allows for a strategic understanding of current dynamics and future opportunities.

FAQs

What is an in vitro lung model? An in vitro lung model is a laboratory-grown system that uses human lung cells to mimic the structure and function of the human lung outside the body. These models range from simple cell cultures in a dish to complex, miniature devices that simulate breathing motions, used for research and drug testing without animal subjects.

What are the different types of in vitro lung models? The main types include traditional 2D cell cultures, more advanced 3D cultures like spheroids and organoids that better mimic tissue structure, and the most sophisticated organ-on-a-chip models, which are microfluidic devices that can replicate key physiological functions such as breathing.

What are the applications of in vitro lung models? Their primary applications are in pharmaceutical drug discovery and development for testing the safety and efficacy of new drugs, especially inhaled medications. They are also crucial for modeling lung diseases like asthma and COPD, studying respiratory infections like COVID-19, and assessing the impact of environmental toxins and pollutants.

What are the advantages of using in vitro lung models? Key advantages include providing more human-relevant data compared to animal models, aligning with ethical principles to reduce animal testing, offering the potential for personalized medicine using patient-derived cells, and enabling the study of human-specific disease mechanisms and drug responses in a controlled environment.

Who are the key players in the in vitro lung model market? The market consists of large life science companies such as Thermo Fisher Scientific and Merck KGaA, as well as specialized innovators like Emulate, Inc., Mimetas B.V., CN Bio Innovations, TissUse GmbH, Epithelix S?rl, and STEMCELL Technologies Inc., who provide the cells, tools, and platforms for this research.

What is the future of the in vitro lung model market? The future is focused on developing even more complex and integrated models, such as those including immune system components or connecting multiple organ models together on a single chip. Increased validation and acceptance by regulatory agencies for use in safety assessments is also a major future trend that will drive broader adoption.

Citius Research has developed a research report titled “In Vitro Lung Model Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• In Vitro Lung Model Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The In Vitro Lung Model Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

In Vitro Lung Model Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

In Vitro Lung Model Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of In Vitro Lung Model Market
• Research Methodology
• Executive Summary
• Market Dynamics of In Vitro Lung Model Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of In Vitro Lung Model Market
• Cost and Gross Margin Analysis of In Vitro Lung Model Market
• In Vitro Lung Model Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “In Vitro Lung Model Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

In Vitro Lung Model Market Key Stakeholders

Below are the key stakeholders for the In Vitro Lung Model Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

In Vitro Lung Model Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the In Vitro Lung Model Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the In Vitro Lung Model Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in In Vitro Lung Model Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global In Vitro Lung Model Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global In Vitro Lung Model Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global In Vitro Lung Model Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global In Vitro Lung Model Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global In Vitro Lung Model Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global In Vitro Lung Model Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America In Vitro Lung Model Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America In Vitro Lung Model Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe In Vitro Lung Model Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA In Vitro Lung Model Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific In Vitro Lung Model Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa In Vitro Lung Model Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia In Vitro Lung Model Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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