Organ-On-Chip (OOCs) Market Company Overview and Future Developments to 2021 | CN Bio Innovations, Emulate, TissUse

The report titled “Organ-On-Chip Market 2020” report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners, and industry experts.

The global market for Organ-On-Chip (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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Key Players:

CN Bio Innovations, Emulate, TissUse, Mimetas, Hurel, Nortis, InSphero, Tara Biosystems, AxoSim Technologies, Organovo, Ascendance, And HemoShear, request a free sample for a complete list of companies.

The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.

Summary

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 microenvironment in vitro. This unique feature of OOCs is made possible by integrating biology with advanced engineering technologies. Scientific advances in cell biology, microfabrication and microfluidics have led to the development of Organ-on-Chips (OOCs). 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 microenvironment in vitro. This unique feature of OOCs is made possible by integrating biology with advanced engineering technologies.

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 the collaboration of both parties in tailoring the OOCs to meet the end-users requirements.

The small size of the market is mainly since 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 the future.

Further improvements in the design and manufacture of OOCs will probably replace animal models as subjects in preclinical drug evaluations in the future. Overall, they have the potential to break an impasse in in-vitro drug discovery and development.

Market Segment by Regions:

North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)

These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis using segmentation by providing precise results on industry-related markets.

The report also analyzed the evolution of industry trends. Several macroeconomic factors such as Gross domestic product (GDP) and the increasing inflation rate is expected to affect directly or indirectly in the development of the industry.

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