Global Organs-on-chips Market Size and Forecast to 2030

Organ-on-chip Market size is estimated to be more than USD 45.84 million in 2021, and is expected to reach USD 772.72 million by 2030, registering a CAGR of more than 35% from 2021 to 2030. An organ-on-a-chip (OOC) is a microfluidic cell culture device, which is developed using microchip manufacturing methods that contain continuously perfused chambers inhabited by living cells arranged to simulate tissue- and organ-level physiology. This chip develops a narrow channel for the blood and air flow in organs such as lung, gut, liver, heart, and others. Such devices produce multiple levels of tissue and organ functionalities, which are not feasible using conventional 2D and 3D culture systems. Organ-on-chip offers a wide range of applications such as diseases modelling, patient stratification, and phenotypic screening.

The breadth of the organ-on-chips market includes potential opportunities for market participants to enter the organ-on-chips market. The report provides a detailed analysis of the current organ-on-chips market and identifies current trends, key drivers and potential product investment areas. This report describes adoption of organ-on-chips. The organ-on-chips market is supported by the presence of significant players such as Emulate, Inc., CN Bio Innovations, TissUse GmbH, InSphero, Elvesys, MesoBioTech, AxoSim, Cherry Biotech SAS, Nortis Bio, and BiomimX S.r.l. This report elucidates the competitive outlook for these players, increases their market share and maintains fierce competition in the industry.

 

INDUSTRIES OVERVIEW:

 

The global organ-on-chips market is segmented by Organ Type, Offerings, Application, End User, and Geographical Location. Based on organ type, the market is divided into lung, intestine, kidney, brain, liver, and others. We have updated it as geographically, the organ-on-chips market is analysed across North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The global organ-on-chips market is growing further with rising demand for liver on chips. Lung on Chips segment held its share in the global organ-on-chips market in 2020 and is expected to dominate during the forecast period. In 2020, North America held the largest market share thanks to advanced technological innovations and growing medical applications. Asia Pacific is expected to witness the highest growth rate during the forecast period owing to the favorable opportunities offered by countries such as China, India and Japan.

 

KEY INFLUENCING FACTORS:

 

Growing use of organ-on-chips devices in healthcare, increasing demand for organ on-chip in drug screening, growth in research activities on organ-on-chips devices and high-cost of organ-on-chips devices. These factors will either create or hinder the organ-on-a-chip market in the forecasted time period.

 

DRUG TESTING:

 

Drug testing is an inexpensive way to quickly evaluate a sample. Scientists and researchers use organ-on-chip implants to monitor the effects of drugs on the body. Also, with the help of this technology, the toxicity or efficacy of drugs in different parts of the body has been identified, driving the market growth.

 

GROWING USE OF ORGAN-ON-CHIPS IN HEALTHCARE:

 

The applications of organ-on-chips in the healthcare sector have been rising continuously due to their emulation of a wide range of organ-level functionalities that are not feasible using the conventional 2D and 3D culture systems. The adoption of organ-on-chips to conduct vital research on a wide range of human diseases such as COVID-19, influenza, malnutrition, radiation exposure, and cystic fibrosis by research organizations is expected a provide a boost to the market growth over the forecast period.

 

NASCENT STAGE OF TECHNOLOGY

 

The technology is still in an early phase of development and encompasses many concerns, particularly in the design choices. Moreover, the coordination between the researchers or the developers and the end-users is quite significant in deciding the exact steps to be taken in the development. Furthermore, the early health technology assessment might be conducted to determine the added value of potential new technologies such as organ-on-chips early in the development pipeline. The future adoption of the technology is dependent on the favorable outcome of these aspects.

 

KEY BENEFITS OF LONG TIME ORGAN-ON-CHIPS MARKET:

 

This study provides an analytical overview of the global long-term in organ-on-chips market share, present trends and forecasts to reflect future investment pockets. A market’s overall ability to understand profitable trends is determined to gain a strong position. This report is a detailed impact analysis found in investment analysis and provides a quantitative analysis of the current market through 2030. Insights into key factors, limitations and opportunities. The influence of buyers and suppliers in the five major market powers is reflected in organ-on-chips manufacturing.

 

MAJOR ORGAN-ON_CHIPS MARKET SEGMENTS:

 

By Organ Type: Lung, Intestine, Kidney, Brain, Liver, and Others

By Offering: Products and Services

By Application: Drug Discovery, Toxicology Research, Disease Modelling, and Others

End User: Pharmaceutical & Biopharmaceutical Companies, Academic and Research Institutes, and Others

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, historical revenues, future forecasts etc. in the following regions and/or countries:

 

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook

 

• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook

 

• Europe (U.K., Germany, France, Italy, Spain, Netherlands, Russia, and Rest of Europe) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

 

• Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia, and, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook

 

Middle East and Africa (Israel, GCC, South Africa, and Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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