Organ-On-Chip Market | Asia-Pacific Organ-On-Chip Market Size Is Anticipated to Witness Notable Growth

The global organ-on-chip market was valued at $103.44 million in 2020, and is estimated to reach $1.6 billion by 2030, growing at a CAGR of 31.1% from 2021 to 2030. An organ-on-a-chip (OOC) is a microfluidic cell culture device developed using microchip manufacturing methods that contains continuously perfused chambers inhabited by living cells arranged to simulate tissue- and organ-level physiology. This chip develops a narrow channel for the blood and air flow in organs including lung, gut, liver, and heart.

Such applications create many levels of physical and functional aspects not possible with traditional 2D and 3D systems. Organ-on-chip offers various applications such as disease simulation, patient classification and phenotypic analysis.

♦ ♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
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Major Key Market Players -
BICO Group AB(Visikol)
CN Bio Innovations Limited
Elveflow
Emulate, Inc.
AxoSim Technologies LLC
Nortis Inc.
Tara Biosystems
Organovo Holdings, Inc.
Insphero AG
Mimetas B.V.

The long-on-chip segment to maintain the dominant share

According to the product, the lung-on-chip segment garnered more than a fifth of the global organ-on-chip market revenue in 2020 and is expected to lead the way by 2030. Lower lung transplants have led to the development of chips designed in the laboratory to mimic their functions. This factor drives the growth of the segment. The heart-on-chip segment, on the other hand, would show the fastest CAGR of 32.8% between 2021 and 2030, due to the increase in heart problems among people around the world.

North America garnered the major share in 2020

Based on region North America held the major share in 2020, generating more than two-fifths of the global organ-on-chip market. This is owing to rapid adoption of advanced technologies and presence of key players across North America. The Asia-Pacific region, simultaneously, would grow at the fastest CAGR of 33.1% by 2030, due to rise in R&D activities for the development of organ-on-chip models.

♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
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However, major developments in manufacturing costs, emerging technologies, and research conducted to enhance its success rate will hinder the market growth. On the other hand, the high market potential and the emerging economic development for R&D, the increase in different strategies between the government and the major players, and the development of pipeline products are expected to provide sufficient opportunities for growth of parts-on-chip market during the forecast period.

According to the model, the Lung-on-chip segment of the Organ-on-chip market analysis generated the highest revenue in 2020, accounting for $21.37 million. The head-to-head segment is expected to witness the highest CAGR of 32.8% during the forecast period.

♦ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
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