Press release
Organoids Market Size, Share, Growth Trends and Industry Report 2023-2030
Organoids Market - DataM Intelligence
The Global Organoids Market is estimated to reach at a high CAGR during the forecast period (2023-2030).
Organoids refer to small, self-organized three-dimensional tissue cultures that originate from stem cells. These cultures are meticulously designed to mimic a significant portion of an organ's complexity or to selectively express specific aspects, such as the production of particular types of cells.
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Market Dynamics
The market growth is significantly propelled by technological advancements in organoids.
The increasing number of product launches and ongoing technological developments are key drivers of market growth in the forecast period. A noteworthy advancement, highlighted in an article published in Biochimica et Biophysica Acta in 2022, involves the evolution of scientific methods leading to the creation of three-dimensional (3D) organoid cultures and 3D printed scaffolds. These innovations enable a more precise recapitulation of human biology and diseases. Organoids have now become commonplace in laboratories due to their widespread use across various biological research applications and the rapid pace of technological advancements in this field.
Market players are adopting strategic approaches such as collaboration and product launches to expand their businesses. For instance, in January 2020, BioIVT, a leading provider of research models and services for drug and diagnostic development, announced an exclusive worldwide distribution agreement with upcyte technologies GmbH for its cell products and media, including cells derived from hepatocytes and liver sinusoidal endothelial cells (LSECs). Additionally, in September 2020, Hubrecht Organoid Technology (HUB) and BGI-Qingdao joined forces to establish a joint Next Generation Diagnostics (NGD) center. This collaboration aims to enhance personalized care, improve treatments, accelerate the development of new safe medicines, and was formalized through an online signing ceremony conducted in the Netherlands and China.
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Market Segmentation
By Product Type
Intestinal Organoids
Hepatic Organoids
Pancreatic Organoids
Colorectal Organoids
Neural Organoids
Others
By Application
Bio-banking
Infectious Disease Pathology
Personalized Medicine
Biomedical Research and Drug Discovery
Regenerative Medicine
Cancer Research
Therapeutic Tools
Others
By End User
Biopharmaceutical Companies
Contract Research Organizations
Academics and Research Institutes
Market Key Players
Major players are Thermo Fisher Scientific Inc., Merck KGaA, QIAGEN N.V., GenScript, Promega Corporation, Takara Bio Inc., MERIDIAN BIOSCIENCE Inc., New Engaland Biolabs, Agilent Technologies Inc., and Mirus Bio LLC.
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