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Organoids Global Market Size, Revenue, Growth, Industry Insights, Regional Analysis and Forecast Till 2033
Organoids Global Market
According to The Business Research Company's, The organoids market size has grown exponentially in recent years. It will grow from $1.42 billion in 2023 to $1.78 billion in 2024 at a compound annual growth rate (CAGR) of 25.1%. The growth in the historic period can be attributed to biomedical research advances, drug discovery and development needs, disease modeling requirements, personalized medicine trends, regulatory support..
The organoids market size is expected to see exponential growth in the next few years. It will grow to $4.38 billion in 2028 at a compound annual growth rate (CAGR) of 25.2%. The growth in the forecast period can be attributed to increased prevalence of chronic diseases, advancements in genome editing techniques, rise in stem cell research, collaborations and partnerships, clinical translation efforts.. Major trends in the forecast period include application in regenerative medicine, in vivo imaging techniques, collaborations for multi-organoid systems, ethical and legal considerations, commercialization and market expansion..
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Market Drivers and Trends:
An increase in the incidence and prevalence of chronic and infectious diseases is expected to propel the growth of the organoid market going forward. 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. For instance, in January 2023, according to the National Center for Biotechnology Information, a US-based branch of the National Institutes Of Health, the number of U.S. citizens above the age of 50 with chronic diseases is supposed to increase by approximately 99.5% from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the rising prevalence of chronic diseases will drive the organoids market.
Technological advancements are a key trend gaining popularity in the organoid market. 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. Organoids are developed as perfused 3D tubular structures with access points on the apical and basal sides using the OrganoPlate, a patented microfluidic platform.
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Major Key Players of the Market:
Cellesce Ltd.; STEMCELL Technologies; HUB Organoids; DefiniGEN; 3Dnamics Inc.; OcellO B.V.; Organoid Therapeutics; PeproTech Inc.; QGel SA; Corning Incorporated; Thermo Fisher Scientific; Trevigen Inc.; Path BioAnalytics; R&D Systems; Merck KGaA; 3D BioMatrix Inc.; 3D Biotek LLC; AMS Biotechnology (Europe) Limited; Greiner Bio-One; 3-D Matrix; InSphero AG; Synthego Corporation; Axol Bioscience Ltd.; TissUse GmbH; CytoSMART Technologies BV; EMD Millipore Corporation; Epithelix Sàrl
Organoids Market 2024 Key Insights:
• The organoids market will grow to $4.38 billion in 2028 at a compound annual growth rate (CAGR) of 25.2%.
• Increase In Chronic And Infectious Diseases Spurs Growth Of Organoid Market
• Technological Advancements Propel Organoid Market
• North America was the largest region in the organoids market in 2023
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