Human Organoids Market to Witness Huge Growth by Key Players: BioIVT, ZenBio, Corning, Organovo, Organovo, Cyprio, CELLINK, Emulate

Global Human Organoids Market 2020-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The global human organoids market size is projected to reach USD 1,901 million by 2025 from USD 850 million in 2020, at a CAGR of 17.5%.

The report provides a comprehensive analysis of company profiles listed below:
• BioIVT (US)
• Thermo Fisher Scientific (US)
• ZenBio (US)
• Corning (US)
• Organovo (US)
• Cyprio (France)
• Biopredic International (France)
• CELLINK (Sweden)
• Emulate (US)
• Hµrel Corporation (US)
• InSphero (Switzerland)
• Kerafast (US)
• Kirkstall (UK)
• MIMETAS (Netherlands)

The recent COVID-19 global pandemic has also impacted the human organoids market. Demand from the main end-users has declined as key regions and countries have imposed social distancing rules and lockdowns. This impact is expected to be short-term, and no adverse effects are to be foreseen after the market gradually reopens.

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"The kidney segment to witness the highest growth rate in human organoids market, by product, during the forecast period."
The kidney segment is expected to witness the highest growth rate during the forecast period. The high growth in this owes to the high prevalence of kidney diseases across major markets (resulting in a growing number of transplants procedures), the growing trend of increasing purchasing power of people, especially across emerging countries.

"The developmental biology accounted for the largest share of the human orgnaoids market, by human organoids, in 2020."
The developmental biology segment accounted for the largest share of the human orgnaoids market in 2020. Technological advancements in the field of 3D bioprinting have shown huge potential for organ development as the culture time is very less compared to traditional methods of tissue culture. Patient-derived human organoid studies may accelerate medical research, creating new opportunities for tissue engineering and regenerative medicine and generating knowledge and tools for preclinical studies, including drug development and testing.

"The pharmaceuticals & biotechnology companies segment accounted for the largest share of the human organoids, by end users, in 2020"
Pharmaceutical and biotechnology companies mainly focus on developing new drugs for the treatment of various rare diseases. These companies need to submit specific data related to drug development during the drug development process and subsequent filing of applications to regulatory bodies.

"The Asia Pacific market to grow at the highest CAGR during the forecast period."
The clinical microbiology market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Government efforts to increase awareness related to human orgnaoids, supportive regulations for the development and commercialization of advanced human organoids products, rising healthcare expenditure, increasing number of hospitals and clinics in India and China, expanding research base across India, China, and Japan, and the increasing incidence of transplants are the major factors driving the growth of the APAC human organoids market.

Competitive Landscape of Human Organoids Market:
1 Overview
2 Market Share Analysis
3 Competitive Scenario
3.1 Product Launches
3.2 Agreements, Collaborations, & Partnerships
3.3 Mergers

Research Coverage:
This report studies the human organoids market based on the product, application, usabilty, end user, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five major regions (and the respective countries in these regions).

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This release was published on openPR.