Press release
Organ-on-Chip Market is Shaping the Future of Drug Testing and Human Biology
An organ-on-a-chip is a microfluidic cell culture device that contains continuously perfused chambers. This chip develops a narrow channel for the blood and airflow in different organs like lungs, gut, liver, heart, and others. These devices offer a wide range of applications like disease modelling, drug designing and toxicity testing. The global organ on chip market can be describe by rapid technological advancements, growing adoption across pharma, biotech and academic sectors as well as increasing fundings and investments in research and developments. For instance, in December 2021, Emulate, Inc., stated that its Brain Chip was sent to the ISS National Lab to study the effects of microgravity on human brain physiology as part of the tissue-chips in space initiative sponsored by the NCATS at NIH and the ISS-NL.Organ on Chip Market size was valued at USD 68.63 Billion in 2023 and is poised to grow from USD 89.74 Billion in 2024 to USD 587.01 Billion by 2032, growing at a CAGR of 30.76% during the forecast period (2025-2032).
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The Organ On Chip Market is majorly driven by factors such as need for alternatives for animal testing and the need for early detection of drug reactions and toxicity. According to data released by People for the Ethical Treatment of Animals, 3.52 million procedures were performed on animals in the UK in 2018. (PETA). In addition, a 2017 report by the US Department of Agriculture estimated that approximately 792,168 animals were held for experiments or used in them nationwide. In 2018, more than 3.9 million animals in Canada were subjected to research.
Organ on Chip Market Segments Analysis:
Global Organ On Chip Market is segmented by organ type, model type, product, purpose, application, end user and region.
Based on organ type, the market is segmented into liver, kidney, intestine, lung, heart and other organs.
Based on model type, the market is segmented into organ-based models and disease-based models.
Based on product, the market is segmented into services and products.
Based on purpose, the market is segmented into therapeutics and research.
Based on application, the market is segmented into toxicology research, drug discovery, physiological model development, tissue regeneration & regenerative medicine and stem cell research.
Based on end user, the market is segmented into pharmaceutical and biotechnology companies, cosmetics industry, academic & research institutes and other end users.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Organ on Chip Market Key Players:
Emulate, Inc.
Mimetas B.V.
Tissuse GmbH
CN Bio Innovations Ltd.
InSphero
Alveolix AG
Fluigent
Nortis, Inc.
Hesperos, Inc.
AxoSim
BEOnChip
Altis Biosystems
Synvivo, Inc.
Obatala Sciences
Dynamic42 GmbH
Lena Biosciences
AIM Biotech Pte. Ltd.
React4life
Initio Cell
Netri SAS
Organ on Chip Market Regional Insights:
North America has traditionally been the largest market for the organ-on-chip technology. It is leading region in the adoption of this tech due to presence of various pharma companies, research institutions and tech developers. This region has a robust environment for biotech and life science which caters to new innovations. Regulatory agencies like FDA engage with the stakeholders to explore the potential use in drug discovery and safety assessments.
Recent Developments:
In June 2023, MatTek Life Sciences announced a strategic partnership with AIM Biotech enabling the availability of AIM Biotech portfolio for sale through MatTek.
In June 2023, Dynamic42 raised an undisclosed amount through a Series A funding round to expand internationally.
In June 2023, Emulate launched Emulate Chip-A1 to widen its applications in cancer and cosmetic markets.
What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Organ on Chip industry.
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Objectives of the Study:
• To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market
Looking ahead, the Organ on Chip Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Organ on Chip Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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