Global In Vitro Lung Model Market Size & Outlook, 2023-2030
Global in vitro lung model market, 2018-2030 (US$M)
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Global in vitro lung model market highlights
- The global in vitro lung model market generated a revenue of USD 310.8 million in 2023 and is expected to reach USD 948.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 17.3% by 2030.
- In terms of segment, 2d model accounted for a revenue of USD 191.1 million in 2023.
- 3D Model is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 310.8 million |
| Market revenue in 2030 | USD 948.1 million |
| Growth rate | 17.3% (CAGR from 2023 to 2030) |
| Largest segment | 2d model |
| Fastest growing segment | 3D Model |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2D Model, 3D Model |
Other key industry trends
- In terms of revenue, the North America accounted for 44.3% of the global in vitro lung model market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 1.2 million by 2030.
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In Vitro Lung Model Market Scope
In Vitro Lung Model Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global in vitro lung model market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to in vitro lung model market will help companies and investors design strategic landscapes.
2d model was the largest segment with a revenue share of 61.49% in 2023. Horizon Databook has segmented the Global in vitro lung model market based on 2d model, 3d model covering the revenue growth of each sub-segment from 2018 to 2030.
- Global In Vitro Lung Model Type Outlook (Revenue, USD Million, 2018-2030)
- 2D Model
- 3D Model
- Global In Vitro Lung Model Application Outlook (Revenue, USD Million, 2018-2030)
- Drug Discovery and Toxicology Studies
- Physiological Research
- 3D Model Development
- Others
- Global In Vitro Lung Model End Use Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceutical and Biotechnology Companies
- Academic and Research Institutes
- Others
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Target buyers of Global in vitro lung model market databook
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Our clientele includes a mix of in vitro lung model market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global in vitro lung model market, including forecasts for subscribers. This global databook contains high-level insights into Global in vitro lung model market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global in vitro lung model market report size, by regions, 2018-2030 (US$M)
Top 10 countries: In vitro lung model market report size, 2023 (US$M)
Global in vitro lung model market report share, by type, 2023 & 2030 (%, US$M)
In vitro lung model market: Opportunity assessment by country
Global in vitro lung model market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 48.1 | 55.1 | 71.3 | 95.8 | 119.1 | 137.6 | 159.4 | 185.0 | 215.2 | 250.9 | 293.4 | 343.8 | 404.0 | 16.6% |
| Europe | 29.0 | 33.5 | 43.7 | 59.2 | 74.2 | 86.5 | 101.0 | 118.2 | 138.7 | 163.2 | 192.4 | 227.5 | 269.8 | 17.7% |
| Asia Pacific | 22.1 | 25.7 | 33.8 | 46.2 | 58.5 | 68.8 | 81.1 | 95.8 | 113.5 | 134.8 | 160.5 | 191.6 | 229.4 | 18.8% |
| Latin America | 4.6 | 5.2 | 6.6 | 8.8 | 10.8 | 12.3 | 14.0 | 16.0 | 18.3 | 21.1 | 24.3 | 28.0 | 32.4 | 14.9% |
| MEA | 2.4 | 2.6 | 3.3 | 4.2 | 5.1 | 5.6 | 6.3 | 7.0 | 7.8 | 8.8 | 9.9 | 11.1 | 12.5 | 12.1% |
| Overall | 106.1 | 122.0 | 158.6 | 214.1 | 267.7 | 310.8 | 361.7 | 422.0 | 493.5 | 578.7 | 680.4 | 802.1 | 948.1 | 17.3% |
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