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Organoids Market Size, Segments, Share and Growth Factor Analysis, Top Key Players Research Report by Forecast 2023-2032
Organoids Global Market
The Business Research Company's Organoids Global Market Report 2023 identifies An increase in the incidence and prevalence of chronic and infectious diseases as the major driver for the Organoids market's growth in the forecast period. Chronic disease is a condition that lasts more than a year and requires ongoing medical treatment. Organoids have been used to study various chronic diseases and their treatments as they give immediate and dependable information on pathogen biology and drug screening. Hence, the increase in the incidence and prevalence of chronic and infectious diseases will support the organoid market.
The global organoids market size is expected to grow from $1.14 billion in 2022 to $1.42 billion in 2023 at a compound annual growth rate (CAGR) of 25.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global organoids market size is expected to reach $3.4 billion in 2027 at a CAGR of 24.9%.
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Major competitors in the Organoids market are Cellesce Ltd., STEMCELL Technologies, HUB Organoids, DefiniGEN, 3Dnamics, OcellO B.V., Organoid Therapeutics, PeproTech, QGel SA, Corning Incorporated, Thermo Fisher Scientific, Trevigen Inc., Path BioAnalytics, and R&D Systems.
A key trend in the Organoids market includes Technological advancements. Major companies operating in the organoid market are launching new organoid technologies to sustain their position in the market. For instance, in March 2023, MIMETAS, a Netherlands-based human tissue and disease model developer, launched a new type of adult stem cell (ASC)-derived tubular organoids as a part of the OrganoReady product line. This new organoid uses cutting-edge and innovative technology for mechanistic toxicology and drug-induced organ injury.
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The Organoids market is segmented -
1) By Product: Hepatic Organoid, Colorectal Organoid, Intestinal Organoid, Other Organoid
2) By Source: Pluripotent Stem Cells, Organ-Specific Adult Stem Cells
3) By Application: Developmental Biology, Disease Pathology Of Infectious Disease, Regenerative Medicine, Drug Toxicity And Efficacy Testing, Drug Discovery And Personalized Medicine, Other Applications
4) By End-User: Hospitals And Diagnostic Centers, Biotechnology And Pharmaceutical Companies, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Organoids market.
The Business Research Company's "Global Organoids Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Organoids Market Include:
1. Executive Summary
2. Organoids Market Characteristics
3. Organoids Market Trends And Strategies
4. Organoids Market - Macro Economic Scenario
5. Organoids Market Size And Growth
……
27. Organoids Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Organoids Market
29. Organoids Market Future Outlook and Potential Analysis
30. Appendix
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