The Organ-on-chip Market Report analyses market share by the company to provide a comprehensive picture of the industry’s leading competitors. In addition, the report covers key strategic developments of the market, such as acquisitions & mergers, the launch of new technologies, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major market participants on a global and regional scale. In addition, the study includes an examination of regional price trends and the product portfolios of major companies.
Organ-on-chip is a 3D microfluidic cell structure chip that simulates a specific organ in the body complete with its mechanics and physiological reactions utilizing the computer chip manufacturing technology, in order to carry out procedures such as breathing, peristalsis, and healing diseases. The Organ-On-Chip Market plays a significant role in the domains of drug discovery and research, since it enables better precision in toxicity detection and testing, hence reducing the likelihood of drug failure in human clinical trials. In addition, it was not certain that traditional animal models accurately replicated human pathophysiology. The organ chip is comprised of a memory-stick-sized flexible polymer with microfluidic channels for the cells of a single human organ that are surrounded by an organ-specific physical microenvironment.
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Organ-on-chip market is fragmented by product, application, end-user, and geography. North America, Europe, Latin America, Asia-Pacific, the Middle East, and Africa comprise the regional division.
Emulate, AxoSim Technologies, CN Bio Innovations, Hurel Corporation, Ascendant Biotechnology, InSphero, Mimetas, Nortis, Organovo Holdings, and Tara Biosystems are some significant participants in the organ-on-chip sector.
The research provides a forecast and analysis of the worldwide and regional organ-on-chip markets. The report presents revenue-based historical data from 2016 to 2018 and projections for 2019 to 2025. (USD Million). The analysis examines the market’s drivers and restraints, as well as their impact on demand over the projection period. In addition, the paper investigates global market opportunities for organ-on-chip.
To provide readers with a thorough understanding of the organ-on-chip market, we have provided a competitive landscape and an analysis of Porter’s Five Forces Model. The study includes an analysis of market attractiveness, in which all segments are compared based on market size, growth rate, and overall attractiveness.
The global organ-on-chip market industry is being driven by increased health concerns and demand for organ culture equipment based on the lung and kidneys. In addition, increased projects by important chip organ implementation groups would help to the growth of the global market for organs-on-chip. In 2017, the Netherlands Scientific Research Organization (NWO) outlined its goals for the country’s organ-on-chip effort, which centered on advancements and expansion of the technology. However, the replication of the extraordinarily complex design of human organs may limit the market for organs-on-chips during the forecast period.
The market for organ-on-chip is divided by product, application, and end-user. The organ-on-chip market is segmented by product into kidney-on-chip, lung-on-chip, heart-on-chip, liver-on-chip, and others. Included in the application sector of the organ-on-chip market are toxicity research and drug discovery. In the coming years, drug discovery is predicted to dominate the organ-on-chip business. The end-user market is segmented into the cosmetic sector, the healthcare industry, and others. Future organ-on-chip market share will be dominated by the healthcare industry worldwide.
As a result of the region’s rapid technological development, North America will have a substantial proportion of the worldwide organ-on-chip market. In addition, the presence of developed nations with modern animal healthcare equipment and infrastructure, such as the United States and Canada, is projected to fuel the North American organ-on-chip market in the coming years. Due to the region’s high population density and thriving healthcare industry, the Asia-Pacific organ-on-chip market would have a significant growth rate throughout the forecast period.
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