Press release
Organoids Market Outlook: Analyzing Industry Trends, Growth Factors, and Forecasts for 2031
Organoids Market
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Key Highlights:
• Market Overview: A thorough analysis of the global Organoids market, including historical development, competitive landscape, and the status of major regions.
• Key Players: Notable companies profiled in the report include STEMCELL Technologies; Molecular Devices, LLC.; HUB Organoids B.V. (Hubrecht Organoid Technology); DefiniGEN; Organoid Therapeutics; Thermo Fisher Scientific Inc.; Corning Inc.; Merck KGaA; InSphero; ACRO Biosystems; and Bio-Techne Corporation
• Growth Strategies: The report highlights both organic and inorganic growth strategies employed by market players, such as product launches, acquisitions, partnerships, and collaborations.
Market Segmentation and Insights: The report includes a SWOT analysis of key companies, macro-economic indicators, and a detailed forecast based on various segments across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. Each region is further segmented by country and specific market segments.
Organoids Market Drivers and Opportunities
Surging Adoption of Personalized Medicine
The growing trend towards personalized medicine is significantly boosting the organoids market. Personalized medicine tailors treatment plans to individual patients based on their specific responses or disease risks. A report from the Personalized Medicine Coalition highlights that the share of personalized medicines among new FDA-approved molecular entities increased from 5% in 2005 to over 25% in 2016. In 2022, 12 out of 37 new molecular entities (approximately 34%) approved by the FDA were personalized medicines.
Furthermore, biopharmaceutical companies have ramped up their R&D investments in personalized drugs, with projections indicating a 33% increase by 2027. Research suggests a potential 69% growth in personalized medicine development in the coming years. The number of personalized medicines in the U.S. market also rose from 132 in 2016 to 286 in 2020, reflecting a robust demand that will further drive organoid applications in drug development.
Focus on Drug Discovery
The escalating need for innovative drugs is propelling drug discovery activities, thereby creating more opportunities for the organoids market. According to ClinicalTrials.gov, there were approximately 384,288 clinical trials registered in 2021. A survey by HUB indicates that organoids can help streamline drug discovery by identifying patients unlikely to benefit from certain treatments, potentially reducing clinical trial costs.
Organoids are versatile tools not only for cancer research but also for studying various diseases such as cystic fibrosis, polycystic kidney disease, and more. They can effectively mimic organ properties-structure and function-and restore the genetic state of tissues, making them valuable for gene editing and other therapeutic developments. As drug discovery continues to evolve, the demand for advanced technologies like organoid models will increase, presenting substantial growth opportunities for the market.
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For inquiries, please contact: Ankit Mathur
Phone: +1-646-491-9876
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The Insight Partners is your one-stop research provider for actionable intelligence, specializing in various industries, including Healthcare, Technology, and Manufacturing.
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