Organ-on-Chip Market Booming Worldwide with Latest Trend and Future Scope by 2029

The global organ-on-chip market is anticipated to grow at a CAGR of around 34.1% during the forecast period. The factors that are propelling the growth of the global organ-on-chip market include growing alternatives for animal testing models, rising R&D funds for the development of organs-on-chips, and technological advancements. Besides this, the increase in mergers and acquisitions, partnership collaboration between pharmaceutical industry players, business expansion to increase supply chain are also boosting the growth of the organ-on-chip market. For instance, in December 2020, Yokogawa Electric Corp announced the partnership collaboration with InSphero AG, a pioneer in the development of 3D in vitro technologies for drug discovery and safety. Through this acquisition, both the companies aimed to establish and advance methods for the use of high-content analysis (HCA) in drug discovery and safety assessment.

Moreover, in September 2020, Javelin Biotech had signed a partnership collaboration with Pfizer Inc. to develop an organ-on-chip platform for the evaluation of ADME (absorption, distribution, metabolism, and excretion) properties of small molecules. The platform provides insight into how drugs perform in humans and supports quantitative decision-making. Apart from this, new products and applications launched by market players also contributing towards the growth of the market. In January 2021, Emulate, Inc. announced an application and service roadmap for organ-on-chip technology for drug development. The application has increased the applicability of organ-on-chip technology throughout the drug discovery and development process and into many additional therapeutic areas. Despite these growth factors that support maintaining the market growth, few factors hamper the growth of the organ-on-chip market such as the high cost of organ-on-chip models, and the complexity of these chips. The new technology advancement and growing research funding can offer lucrative opportunities to the market.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2022-2030

Segment Covered- 

By Organ Type
By Application
By End-User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- MIMETAS B.V., BiomimX SRL, InSphero AG, Emulate, Inc., Hurel Corp., CN Bio Innovations, Ascendance Biotechnology, Inc., Nortis Inc., TissUse GmbH, Organovo Holdings, Inc, TARA Biosystems, Inc., among others

A full Report of Organ-on-Chip Market is Available at:  https://www.omrglobal.com/industry-reports/organ-on-chip-market

Organ-on-Chip Market Report Segment

By Organ Type

Lung-on-Chip
Heart-on-Chip
Kidney-on-Chip
Others

By Application

Drug Discovery
Toxicology Research
Others
By End-User
Pharmaceutical and Biotechnology Industry
Academic and Research Institutes

Organ-on-Chip Market Report Segment by Region

 North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of The World

Latin America
Middle East & Africa

Company Profiles

4D cell
AxoSim, Inc.
BiomimX SRL
CN Bio Innovations, Ltd.
Cherry Biotech
Elvesys SAS
Emulate, Inc.
F. Hoffmann-La Roche Ltd
Hesperos, Inc.
Hµrel Corp.
InSphero AG
Kirkstall, Ltd.
Micronit Microfluidics B.V.
MIMETAS B.V.
Nortis Inc.
Organovo Holdings, Inc.
SynVivo, Inc.
TARA Biosystems, Inc.
TissUse GmbH
uFluidix Inc.

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