The Scaffold Technology market is expected to reach $5.09

Portland, Ore., Aug. 15, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the global construction technology market earned USD 1.02 billion in 2021 and is estimated to reach USD 5.09 billion by 2031, witnessing a CAGR of 18.0% from 2022 to 2031. The report offers an extensive analysis of the changing market dynamics, leading segments, value chain, competitive landscape and the impact of the Covid-19 pandemic. This report provides detailed information for market players, stakeholders, investors and startups to develop strategies to achieve sustainable growth and gain competitive advantage in the market.

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Report Scope and Details:

Report coverage Details
Forecast period 2022–2031 years
Base year 2021 year
Market size in 2021 1.02 billion dollars
Market size in 2031 5.09 billion dollars
CAGR 18.0%
Number of pages in the report 254
Covered segments Product type, type, application, end user and region.
Drivers Increasing demand for body reconstruction and tissue engineering procedures
A surge in the use of biomaterials
Opportunities Technological achievements of scaffolding technology
Increasing R&D spending by governments in developing countries
Restrains High implementation costs

The Covid-19 scenario:

  • The surge in research activity has created a huge demand for scaffold-based platforms for 3D cell cultures. These cell cultures are helping to develop treatments against the Covid-19 virus. This demand has had a positive impact on market growth during the pandemic.
  • Inconsistent and interrupted supply chain activities along with lack of human resources are expected to impact the market growth.
  • Many research institutes and contract research laboratories have suspended or delayed investments in stem cell research, cancer cell research, and regenerative medicine development that use scaffold technology. This, in turn, had a negative impact on the scaffolding market.
  • As economic uncertainty eases after the pandemic, new investments will be made and market participants will use scaffolding technology to discover drugs and other applications.

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The study provides detailed segmentation of the global construction technology market on the basis of product type, type, application, end user, and region. The study discusses segments and sub-segments to identify the most profitable and fastest growing segments for market players and startups. The market size and its estimates for each segment and its sub-segments are provided in the report to identify the steps that need to be taken to achieve growth.

Based on product type, the natural scaffold segment accounted for the highest share in 2021, accounting for more than three-fifths of the total share, and is projected to continue its leadership position during the forecast period. However, the synthetic scaffolds segment is expected to exhibit the highest CAGR of 19.0% from 2022 to 2031.

Based on type, the microporous scaffolds segment accounted for the largest share in 2021, contributing more than four-fifths of the global scaffolds market, and is projected to maintain revenue leadership over the forecast period. However, the rigid frames segment is expected to exhibit the highest CAGR of 18.8% from 2022 to 2031. Segments including microporous scaffolds and nanoporous scaffolds are also analyzed in the report.

Based on application, the cancer cell research segment accounted for the largest share in 2021, holding approximately one-third of the global market, and is expected to dominate in 2031. However, the regenerative medicine segment is projected to grow at the highest CAGR of 19.4% during the forecast period. The study also discusses segments such as stem cell research and drug discovery.

According to end-users, the academic institutes segment accounted for the largest share in 2021, contributing more than one-third of the global construction technology market, and is projected to maintain its dominance in terms of revenue in 2031. However, the contract research laboratory segment is expected to show the fastest CAGR of 18.6% during the forecast period. The report also analyzes the segment of biotechnology and pharmaceutical companies.

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Based on region, North America accounted for the largest share in 2021, holding about 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 the year. forecast period. The study also analyzes regions including Europe and LAMEA.

The leading players in the global skeletal technology market analyzed in the study include 3D Biotek LLC, Agilent Technologies, Inc. (Biotek), Bico Group, Corning Incorporated, BioVison Incorporated, PromoCell GmbH, Merck KGaA (Sigmaaldrich), Synthecon, Incorporated, Reprocell Incorporation 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 name of the report for your 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 full-service market research and business consulting division of Allied Analytics LLP in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unrivaled quality Market Research Reports and Business Intelligence Solutions. AMR has a single-minded focus on providing business analysis 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 sectors including Life sciencesConsumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverage, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense and BFSI.

We maintain professional corporate relationships with various companies, and this helps us dig up market data that helps us create accurate research data tables and confirms the utmost accuracy of our market forecasting. Allied Market Research CEO Pawan Kumar plays an important role in inspiring and encouraging everyone associated with the company to maintain high data quality and help customers succeed in every possible way. All data presented in our published reports are obtained as a result of primary interviews with senior officials of leading companies in the relevant field. Our secondary data procurement methodology includes in-depth online and offline research and discussions with experienced industry professionals and analysts.

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