|In the latest report titled ‘Global Organs-on-Chips Market,’ published by Emergen Research, our expert team has performed meticulous research on The global organ on a chip market size is expected to reach USD 209.4 Million at a steady CAGR of 28.1% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to growing demand for organ on a chip for drug development and screening to reduce monetary losses associated with drug failures. The cost-effectiveness, miniaturized scale, and accurate control of organ on a chip over the mechanical and chemical microenvironment are garnering significant traction across pharmaceutical and biotechnology companies to reduce rate of drug failure.|
The research report provides an in-depth evaluation of the Global Organs-On-Chips market drivers and restraints Market and helps the market participants intensify their footprints in the industry. The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period.
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 study examines historical data collected from the years 2019 and 2020 and considers 2021 as the base year to project the growth of the industry until the year 2028. It performs a detailed analysis of the market size, share, demand, trends, revenue, and sales to track the development of the industry through the years.
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The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
The major manufacturers covered in this report:
MIMETAS BV, SynVivo Inc., Emulate Inc., InSphero AG, CN Bio, Nortis Inc., Organovo Holdings Inc., TissUse GmbH, AxoSim Inc., and Kirkstall Ltd
A quick look at the industry trends and opportunities
All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Organs-on-Chips market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Organs-on-Chips market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.
The study evaluates the ever-changing industry dynamics that are expected to affect the trajectory of the overall market. Our expert analysts scrutinize the historical trends in the market and compare it to the contemporary market trends, to estimate the trajectory that the market might follow in the forecast period. For an in-depth discussion regarding the global Organs-on-Chips market, analysts segment the market parameters based on the application, product, and end-users.
Segments Covered in this report are:
Type Outlook (Revenue, USD Million; 2018–2028)Liver-on-Chip
Multiple organ on a chip
Application Outlook (Revenue, USD Million; 2018–2028)Drug Discovery
Physiological Model Development
End-Use Outlook (Revenue, USD Million; 2018–2028)Pharmaceutical Firms
Personal Care Industry
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Some Key Highlights from the Report
In March 2021, CN Bio, which is a company engaged in the development of organ on a chip, announced the commercial launch of PhysioMimix, which is an innovative organ on a chip micro-physiological system.
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.
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The professional intelligence study on the Organ on a Chip market addresses some of the most critical questions:
What market size will 2031 be, and what growth rate will it experience?
What are the key trends in the Market?
What are the driving forces behind the Organ on a Chip market?
What are the obstacles to market growth?
Which are the top vendors in this space?
What are the threats and opportunities in the market for key vendors?
What are the strengths or weaknesses of critical vendors?
What are the future opportunities for the players in the Organ on a Chip market?
What are the main issues facing the global Organ on a Chip market?
How does the competitive landscape look?
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