Organ on a Chip Market Growth, Recent Trends, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2028
Organ on a Chip Market Size – USD 27.5 Million
in 2020, Market Growth – at a CAGR of 28.1%, Market Trends – Advancements in
technology
Currently, two-dimensional novel drugs
screening and in-vitro pharmacokinetics and pharmacodynamics analysis are
prevalent practices before a drug can be sent to the next phase, such as
preclinical testing phase. However, human body organs are three-dimensional
entities and their intricate behavior cannot be effectively modeled in
two-dimensional cultures. Use of organ on a chip provide a microenvironment
that mimics the pathophysiological conditions of the human body and thus, helps
in saving substantial financial losses by substituting the trial and error
method with a more reliable and efficient process.
The Global Organ on a
Chip Market report assesses the historical and current data along with a
thorough analysis of the market dynamics. The report also sheds light on the
significant market growth driving and restraining factors that are anticipated
to influence the market growth through the forecast period.
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Key
Market Dynamics: The global Organ on a Chip market
research report details on the ongoing market trends, development outlines, and
several research methodologies. It illustrates the key factors that directly
manipulate the market, for instance, production strategies, development
platforms, and product portfolio. According to our researchers, even minor
changes within the product profiles could result in huge disruptions to the
above-mentioned factors. Each of these factors has been elaborately discussed
in the initial segment of the study.
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Some
Key Highlights From the Report
·
Cardiovascular disease is a leading cause
of deaths worldwide. The advent of organ on a chip has allowed conducting of
invitro cardiac tissue’s bionic researches. A heart-on-chip reproduces heart
mechanisms to test drug compounds quickly and study the heart cells’ response.
The microphysiological heart-on-chip provides a simple and cost-effective means
to study cardiovascular diseases, develop drugs and test cardiotoxicity,
provide personalized medication, and regenerate damaged tissues.
·
organ on a chip, including liver, lungs,
brain, or heart deliver an enhanced functionality level and biology control to
imitate the effects that would occur by the application of a personal care and
cosmetic product in the human biological system and, thus, helps to predict
effectiveness of a cosmetic product and its side-effects on humans.
·
organ on a chip market in North America
accounted for largest revenue share in 2020, attributed to increasing research
and development activities of organ on a chip, rapid adoption of advanced
technologies, and increased investments by pharmaceutical companies in drug
discovery. In addition, presence of leading firms providing organ on a chip are
causative of robust market growth in the region.
·
Key
players in the market include MIMETAS BV, SynVivo
Inc., Emulate Inc., InSphero AG, CN Bio, Nortis Inc., Organovo Holdings Inc.,
TissUse GmbH, AxoSim Inc., and Kirkstall Ltd.
The findings of the
report explain various aspects of the market, such as market status,
developmental prospects, key regional segments, renowned market players,
product offerings, end-use industries.
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Geographical
Terrain of the Global Organ on a Chip Market:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
The
global Organ on a Chip market is segmented based on product types offered in
the market, their applications, end-user industries, different types of
technologies, and key regions of the market.
·
Type Outlook (Revenue, USD
Million; 2018–2028)
o Liver-on-Chip
o Multiple
organ on a chip
o Kidney-on-Chip
o Heart-on-Chip
o Lung-on-Chip
o Intestine-on-Chip
o Others
·
Application Outlook (Revenue, USD
Million; 2018–2028)
o Drug
Discovery
o Physiological
Model Development
o Toxicology
Research
·
End-Use Outlook (Revenue, USD
Million; 2018–2028)
o Pharmaceutical
Firms
o Research
Institutes
o Personal
Care Industry
o Others
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Key
Questions You Asked:
·
What is the growth rate of the Organ on a
Chip market? What is the anticipated market valuation of the Organ on a Chip
industry by 2028?
·
What are the key growth driving and
restraining factors of the Organ on a Chip market?
·
Who are the prominent players operating in
the market? What are the key strategies adopted by these companies?
·
What are the key opportunities and growth
prospects of the Organ on a Chip industry over the forecast period?
·
Which region is expected to show significant
growth in the coming years?
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