Global Organ-on-Chip Market: Breakthrough Technologies & Industry To Reach USD 796.7 Million by 2031| Emulate Inc., Mimetas B.V., Insphero, Organovo Holdings, CN Bio Innovations Ltd, BiomimX S.r.l

Organ On Chip Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Global Organ-On-Chip Market reached USD 107.5 million in 2022 and is expected to reach USD 796.7 million by 2031 and is expected to grow with a CAGR of 29.6% during the forecast period 2024-2031

Organ-on-a-chip refers to a microfluidic device that simulates the functions of human organs in a laboratory setting. It is designed to replicate the complex biological environment of an organ by using human cells and tissues, providing a more accurate model for studying diseases, drug testing, and toxicology. These devices are typically small, flexible, and capable of mimicking the mechanical and biochemical properties of organs, such as the liver, lungs, or heart. Organ-on-a-chip technology holds great promise for revolutionizing personalized medicine, reducing animal testing, and improving the efficiency of drug development.

List of the Key Players in the Organ On Chip Market:

Emulate Inc., Mimetas B.V., Insphero, Organovo Holdings, CN Bio Innovations Ltd, BiomimX S.r.l., AxoSim, Inc., Hesperos Inc., TissUse GmbH and Nortis, Inc

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Industry Development:

On May 5, 2023, Benson Capital Partners initiated its newly launched fund, Benson Capital Fund I, with a strategic investment in AxoSim, Inc., a biotech company. This investment marks the fund's first deployment. AxoSim's groundbreaking technologies, NerveSim and BrainSim, are transforming drug development by allowing scientists from leading biopharmaceutical companies to predict how the human nervous system will respond to therapies much earlier in the development process.

On February 27, 2023, CN Bio Innovations, a bioengineering and drug discovery company, announced the launch of its PhysioMimix Single-organ Higher Throughput (HT) System. This first HT system from CN Bio is designed to address current barriers limiting the use of predictive human liver models in drug discovery. It enables earlier-stage application in larger-scale evaluations, analyzing the efficacy, disposition, and safety of lead candidate drugs.

Growth Forecast Projected:

The Global Organ On Chip Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Organ On Chip Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Organ On Chip Market:

By Model: Liver-On-Chip Model, Lung-On-Chip Model, Heart-On-Chip Model, Kidney-On-Chip Model, Tumor Models, Custom & Multi-Organ-On-Chip Models, Other

By Application: Drug Discovery, Physiological Model Development, Toxicology Research

By End User: Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Others

Regional Analysis for Organ On Chip Market:

The regional analysis of the Organ On Chip Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Organ On Chip market?

➠ Who are the leading manufacturers in the global Organ On Chip industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Organ On Chip industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Organ On Chip market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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