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Organ-on-Chip Market Scenario, Segments Analysis, Growth Drivers and Forecast 2023 by key Players Emulate, Inc., TissUse GmbH, Kirkstall Ltd, CN Bio Innovations, Nortis, Organovo Holdings, Inc.
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The organ-on-chip market in APAC is expected to witness a significant growth during the forecast period. This growth is attributed to factors such as increasing healthcare expenditure, rising government initiatives and funding for healthcare R&D, and increase in the adoption of advanced technologies in the region.
There are many ongoing research to determine the potential of organ-on-chip as a new platform for biological analysis, funded by government organisations such as Chinese Academy of Sciences, and the National Key Scientific Instrument and Equipment Development Project, China. These factors will drive the growth of the APAC organ-on-Chip market in the future.
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The players in organ-on-chip market are launching new and innovative products to enhance their product portfolio. For instance, in July 2017, Hmrel Corporation, launched HuRELviral application. The Hµrelviral microliver testing platform sustains hepatitis B virus (HBV) infection in actual human liver cells for over thirty days. This is expected to equip virologists with unprecedented insight into a drug candidate’s potential to cure chronic HBV.
Furthermore, in February 2017, InSphero AG introduced the GravityTRAP 384 Microtissue Platform at the Society for Laboratory Automation and Screening (SLAS) 2017 Conference. The GravityTRAP 384 platform features distinct microtissue culture and media chambers separated by a tapered SureXchange pipetting ledge, and a continuous flat-bottomed glass base plate combined with a black-walled body, ensuring superior confocal and high content imaging optics while reducing fluorescent cross-talk between wells.
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Some of the other key players operating in the organ-on-chip industry include Emulate Inc., Mimetas B.V., TissUse GmbH, Kirkstall Ltd., CN Bio Innovations Ltd, Ascendance Biotechnology, Inc., Nortis, Inc., and Organovo Holdings, Inc.
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