Organ-On-Chips Market Research 2020 Report, Business Opportunity, Top Key players, And Growth Forecast 2023

Organ-On-Chips Market - By Models (Lung-On-Chip, Heart-On-Chip, Liver-On-Chip, Intestine-On-Chip, Kidney-On-Chip And More), By Applications, And By Region, Opportunities And Strategies – Global Forecast To 2023 By The Business Research Company

The organ-on-chip market reached a value of nearly $41.6 million in 2019, having grown at 70.5% since 2015. Growth in the historic period resulted from increased demand for personalized medicine, growing need to minimize financial losses due to late stage drug failure, substantial funding of public and private sources for OOC start-ups and research groups.

The Key drivers of the organ-on-chips market include:-
Adoption Of OOC Technology By Major Pharmaceutical Companies: OOCs are now being explored worldwide as tools for developing disease models and accurately predicting drug efficacies and toxicities. Many companies and universities have been continuously looking for new and better models for drug development. The advantages of OOCs over cell culture, animal models, and human clinical trials have captured the attention of the medical and pharmaceutical communities focusing on developing targeted therapies.

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Organ-On-Chips Market Segmentation:-
By Organ Type
1. Lung-On-Chip
2. Multi-Organs On Chip
3. Heart-On-Chip
4. Liver-On-Chip
5. Intestine-On-Chip
6. Kidney-On-Chip
7. Skin-On-Chip
8. Blood-Brain-Barrier-On-Chip
9. Other Organ Models

Liver-on-chip had the highest growth rate of nearly 76.2% during the historic period.

By Application
1. Toxicology Research
2. Drug Discovery
3. Molecular Biology
4. Disease Modelling
5. Food Safety
6. Other Applications

Drug discovery had the highest growth rate of nearly 72.1% during the historic period.

By End Users
1. Biopharmaceutical companies
2. Academics
3. Food & Beverages
4. Other commercial industries

Academics had the highest growth rate of nearly 71.5% during the historic period.

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By Geography - The organ-on-chip market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the organ-on-chip market are
1. Emulate Inc.
2. AxoSim Inc.
3. Kirkstall
4. TissUse GmbH
5. Nortis Inc.
6. Mimetas BV

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