Organ-On-Chip Market 2020 Analysis by Recent Developments, Demand and Future Scope- CN Bio Innovations, Emulate, TissUse, Mimetas

Global Organ-On-Chip Market report include current market scenario and offers a comprehensive analysis on Organ-On-Chip industry, standing on the readers’ perspective, delivering detailed market data and understanding insights. It comprises inclusive important points that significantly affect the growth of the market at a global level. It analyzes present scenario along with future trends in the market. The report is made after a pin-point research and exhaustive investigation of the market development in different sectors that requires theoretical analysis, technology-based ideas, and its validity.

The global market for OOCs was valued at $20 million in 2016. It is expected to grow at a compound annual growth rate (CAGR) of 70% to reach $284 million by 2021.

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Top Companies in the Organ-On-Chip Market: CN Bio Innovations, Emulate, TissUse, Mimetas, Hµrel, Nortis, Insphero, Tara Biosystems, AxoSim Technologies LLC, Organovo, Ascendance, HemoShear

Latest Market Developments:

May 1, 2019: Sydney’s AXT offers Organ-on-Chip systems in Asia Pacific region

Organ-on-Chip specialist CN Bio has signed a distribution agreement with Sydney-based AXT Pty. Ltd., Australia’s leading supplier of high technology scientific equipment. The agreement will see AXT distribute CN Bio’s innovative bioengineering products to medical researchers in academia and industry throughout Australia, New Zealand and the South Pacific region. CN Bio is a leading lab-on-a-chip company, based in London. It’s flagship PhysioMimix device is being used by pharmaceutical, consumer goods companies and regulators globally.

May 23, 2018: CN Bio launches PhysioMimix benchtop Human-Body-on-a-Chip device

CN Bio Innovations Limited launched PhysioMimix, a printer-sized device which allows scientist to conduct organ-on-chip studies in their own labs, testing new drugs and chemicals on living human organ models. Dr Emma Sceats, CEO of CN Bio Innovations, said: “We can all understand the value of predicting how a new drug, food additive, cosmetic or chemical will affect the key organs in our bodies.

Mar 14, 2018: CN Bio and MIT announce 10 Organ-On-Chip Platform: Nature Scientific Reports

OOCs are microfluidic 3D cell culture devices that closely mimic the key physiological functions of body organs. These chips are not designed to biomimic an entire organ, but simulate the physiology of a single functional unit of an organ system. These microchips are one of the most exciting areas of scientific research as they have the distinguishing characteristic of emulating the human micro environment in vitro. This unique feature of OOCs is made possible by integrating biology with advanced engineering technologies.

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OOC technology is still at an initial stage of research, development and commercialization. The players in the market are primarily university spinoffs involved in the commercialization of OOC prototypes developed in the universities. The key players include Emulate, CN-Bio Innovations, InSphero, Mimetas, TissUse, Hrel and Nortis. Currently OOCs are marketed primarily through sales agreements with end-users that involve collaboration of both parties in tailoring the OOCs to meet the end-users requirements.

Key Highlights of Organ-On-Chip Market Report:

-Market dynamics, Organ-On-Chip economy manufacturing, opportunities on the total pricing of this top manufacturer and improvement trend analysis;

-Organ-On-Chip industry players at the general regional industry and economy synopsis;

-Deep analysis of the most significant market players included by Worldwide Organ-On-Chip Market study report;

-Understand more about the market plans that are increasingly now being adopted by leading Organ-On-Chip businesses;

-Evaluation of this market character, namely market development drivers, essential challengers, inhibitors, and chances;

-Strategically profile the key players and comprehensively analyze their growth strategies.

Key Takeaways:

-An extensive analysis of the Organ-On-Chip market trends and shares from 2017 to 2023 to identify market opportunities and analyze industry developments.

-Comprehensive analysis with respect to investments and price trends that impact the outlook of the Global Organ-On-Chip market between 2020 and 2023.

The small size of the market is mainly due to the fact that OOCs have not yet been fully commercialized. They are still in the research and development phase and are primarily being used by a limited number of end-users. The OOC market is expected to rise at this high CAGR due to an increase in the number of collaborative sales agreements between the pharmaceutical companies and university spin-offs and the entry of new advanced models of OOCs into the market. The anticipated launch of advanced organ-specific models and human-on-chip models is expected to further increase the growth rate of this market in future.

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