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
The report clearly defines the Organ on a Chip market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Organ on a Chip industry.
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)
- Liver-on-Chip
- Multiple organ on a chip
- Kidney-on-Chip
- Heart-on-Chip
- Lung-on-Chip
- Intestine-on-Chip
- Others
- Application Outlook (Revenue, USD Million; 2018–2028)
- Drug Discovery
- Physiological Model Development
- Toxicology Research
- End-Use Outlook (Revenue, USD Million; 2018–2028)
- Pharmaceutical Firms
- Research Institutes
- Personal Care Industry
- 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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