Organ On a Chip Market Size, Share, Growth, Trends, Forecast, Analysis, Segmentation, Outlook, Overview | Valuates Reports

Organ On a Chip Market:

Due to the COVID-19 pandemic, the global Organ-on-a-Chip market size is estimated to be worth US$ 80 million in 2022 and is forecast to a readjusted size of US$ 581.2 million by 2028 with a CAGR of 39.1% during the review period. Important market drivers for organs on chips include expanding research and development efforts to substitute animal testing models in pharmaceutical and clinical trials.

The market for organs on chips will expand over the coming years as cardiovascular illnesses become more common. Over the course of the projection period, the demand for early drug toxicity detection and the rapid advancement of organ-on-chip technology will also fuel the growth of the organ-on-chip market.

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Trends Influencing the Global Organ On-Chip Market

Cell colonies and animal models are used at every step of the discovery and development of novel drugs. For the purpose of evaluating chemical compounds, cells that are not found in human bodies are utilized. Clinical studies are unsuccessful as a consequence, and the approval process is delayed. As a result, funding from governments, pharmaceutical firms, and researchers is increasing for the creation of alternatives like organ-on-chip technology. In order to mimic the function of an organ, the processors-which are actually small chunks of computer memory-contain human cells that have been infused with blood and other bodily substances. This could completely replace the way lab research is currently done. As a result, as the research grows, there will be many opportunities for the market for organs on chips.

Due to the rise in cardiovascular illness, there is a greater demand for organs on chips. The chips can accurately simulate mechanical stretching, electrical stimulation, and physiological shear stress situations in the human cardiovascular system. Heart and vessel-based implants can aid in improving patient care and creating individualized cardiovascular therapies. During the forecast time, new research, drug application, and efficacy testing will drive the market for organs on chips.

Organ-on-chip technology has the capacity to evaluate human-specific data on drug efficacy and toxicity early in the drug creation process. This opens up a tonne of possibilities for faster and easier detection. Furthermore, technology is evolving rapidly as market players search for newer models. Human cells can develop under micro-controlled conditions thanks to the devices. The internal workings of the human body can be thoroughly understood thanks to the ability to replicate multiple organs on a single chip. These factors are expected to propel the market for organs on chips in the upcoming years.

Organ On Chip Market Share Analysis

Lung on a Chip is expected to hold the largest market share for organs on chips over the anticipated timeframe. On the other hand, during the review period, the heart on-chip will grow the fastest. Pharmaceutical and biotechnology companies are expected to rapidly expand their market share of organs-on-chip during the anticipated period based on application.

Due to the presence of pharmaceutical companies, government funding, funding, and the accessibility of organ-on-chip technology, North America will account for a disproportionately large part of the global organ-on-chip market. However, due to greater R&D efforts, investments, and growth in the production of regenerative medicines, the Asia-Pacific area will experience the fastest growth.

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By Type

• Kidney-on-a-chip
• Lung-on-a-chip
• Heart-on-a-chip
• Intestine-on-a-chip
• Brain-on-a-chip
• Other Organs

By Application
• Pharmaceutical and Biotechnology Companies
• Academic and Research Institutes
• Cosmetics Industry
• Other End Users

Key Players
• Emulate
• TissUse
• Hesperos
• CN Bio Innovations
• Tara Biosystems
• Mimetas
• Nortis
• Micronit Microtechnologies B.V.
• Kirkstall
• Cherry Biotech SAS

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