Press release
Human Liver Model Global Market to Observe Highest Growth of $3.79 Billion with an Excellent CAGR of 12.9% by 2028 | BICO Group, BioIVT LLC, Cyprotex PLC, Emulate Inc., Cellink AB
"The new report published by The Business Research Company, titled Human Liver Model Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the human liver model market size has grown rapidly in recent years. It will grow from $2.07 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The human liver model market size is expected to see rapid growth in the next few years. It will grow to $3.79 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%.
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Rising Incidence Of Liver Disease Drives Growth In The Human Liver Model Market
The rising cases of liver disease are expected to propel the growth of the human liver model market going forward. Liver disease refers to any disorder of the liver that can stop the liver from working or prevent it from functioning well. The use of human liver models is an emerging area of research that has the potential to improve the understanding of liver diseases and drug development. Hence, the rising cases of liver diseases are propelling the growth of the human liver model market. For instance, in September 2022, according to Caner Australia, an Australia-based government cancer agency, around 2,905 new cases of liver cancer were diagnosed in Australia in 2022 (2,113 males and 792 females). Further, the risk of developing liver cancer by age 85 is predicted to be 1 in 103 (or 0.97%) in 2022, 1 in 70, or 1.4%, for men, and 1 in 195, or 0.51%, for women. Therefore, the rising cases of liver disease are propelling the human liver model market.
Product Innovation In The Human Liver Model Market
Product innovation has emerged as a key trend gaining popularity in the human liver model market. Major companies operating in the human liver model market are concentrating on creating innovative products to strengthen their position in the market. For instance, in April 2023, LifeNet Health Life Sciences, a US-based human cell and tissue-based solution provider launched TruVivo, a ground-breaking liver system made entirely of human cells that will aid in the crucial research and development of new drugs and compounds. This innovative 2D+ solution combines the robust data that goes with 3D models with the flexibility and simplicity of a 2D model.
The human liver model market covered in this report is segmented -
1) By Product: Liver Organoids, Liver-On-A-Chip, 2D Models, Animal Models, 3D Bioprinting
2) By Application: Educational, Drug Discovery, Other Applications
3) By End Users: Research Institutes, Pharmaceutical Companies, Other End Users
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Major companies operating in the human liver model market report are Corning Incorporated, EISCO Scientific LLC, BioIVT LLC, Cyprotex plc, Emulate Inc., Cellink AB, Strand Life Sciences Pvt Ltd., Nortis Inc., InSphero AG, CN Bio Innovations Ltd., TissUse GmbH, Ascendance Biotechnology Inc., HemoShear Therapeutics Inc., Cyfuse Biomedical KK, Cyfuse Biomedical, MIMETAS BV, Bio Innovations, Biopredic International Sarl, ZenBio, Hurel Corporation, Regenovo, Pandorum, Organovo Holdings Inc., BICO Group, Hepregen Corporation, Kirkstall Ltd., HepaLife Technologies Inc., Cellaïon SA.
Contents of the report:
1. Executive Summary
2. Human Liver Model Market Report Structure
3. Human Liver Model Market Trends And Strategies
4. Human Liver Model Market - Macro Economic Scenario
5. Human Liver Model Market Size And Growth
…..
27. Human Liver Model Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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