Global Organ-on-a-Chip market grew at USD million in 2019 and is expected tgrow at a CAGR of % in the forecasted period. Increase in animal testing, research funding, capital investments, new product launches and rise in technological investments is likely tincrease the growth of the market.
Global Organ-on-Chips Market: Key players
Key Product offerings
Key Performance Indicators
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Global Organ-on-Chips Market: Segments
Global Organ-on-Chips Market can be segmented on the basis of type, application, end-user and regions.
By organ type (in %), global organ on chips Market, 2019
Liver segment dominated the market with a total revenue of USD 3.62 million in 2019
By organ type it can be categorized intliver, heart, lungs and others.
The liver segment shows significant growth due tthe increased liver related diseases along with the ability of on-chip hepatic tissues tmaintain metabolism.
Global Organ-on-Chips Market: Drivers and Restraints
Worldwide demand for OOCs
OOCs now are being studied worldwide as instruments tdevelop disease models and tpredict drug efficacy and toxicity accurately. Many companies and universities constantly seek new and better models for the development of drugs. OOCs benefit from cell growth, animal models and human clinically focused diagnosis have caught the interest of medical and pharmaceutical communities which are focusing on developing targeted therapies.
For drug discovery and growth, OOCs are considered more important and reliable than animal patterns and cell cultures. Nonetheless, these chips cost a lot and redesigning step tsuit mass production are high. High manufacturing costs restrict OOC’s business growth as the relatively small businesses involved may be burdened by a costly redesign process.
Global Organ-on-Chips Market: Regions
region segment can be further divided intfive major types including North America, Latin America, Europe, APAC and MENA.
North America holds the largest share in organ-on-chips market due tthe increased support of the government in drug discovery research activities as well as the presence of world class research institutes and pharmaceutical and biotechnology industries in the region. Though, APAC region is expected tbecome the fastest growing region due tthe increase in disposable income of the people and increased government funding for medicines in research institutes as well as the growing investments in research and development.
The Global Organ-on-Chips Market report alscontains analysis on:
Market segments: –
§ Drug discovery
§ Toxicology research
§ Other applications
§ Pharmaceutical and biotechnology companies
§ academic and research institutes
Global Organ-on-Chips Market dynamics
Global Organ-on-Chips Market size
Supply & Demand
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
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