Uploaded on May 30, 2024
According to the latest research report by IMARC Group, The global organ-on-chip market size reached US$ 61.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 541.8 Million by 2032, exhibiting a growth rate (CAGR) of 26.5% during 2024-2032. More Info:- https://www.imarcgroup.com/organ-on-chip-market
Organ-on-chip Market Growth, Demand and Challenges of the Key Industry Players 2024-32
Global Organ-on-chip Market Research and Forecast Report 2024- 2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved About IMARC Group In ternat ional Market Analys is Research and Consul t ing Group is a leading adv iser on management s t rategy and market research wor ldwide. We par tner wi th c l ients in a l l regions and indust ry vert ica ls to ident i fy thei r h ighest -value oppor tuni t ies, address thei r most cr i t ica l chal lenges, and t ransform thei r bus inesses. IMARC’s in format ion products inc lude major market , sc ient i f ic , economic and technological developments for bus iness leaders in pharmaceut ica l , indust r ia l , and h igh technology organizat ions. Market forecasts and indust ry analys is for b iotechnology, advanced mater ia ls , chemicals , food and beverage, t ravel and tour ism, nanotechnology and novel process ing methods are at the top of the company’s exper t ise. IMARC’s ta i lored approach combines unfathomable ins ight in to the dynamics o f companies and markets wi th c lose cooperat ion at a l l levels of the c l ient organizat ion. This ensures that our c l ients achieve unmatchable compet i t ive advantage, bui ld more pro f ic ient organizat ions, and secure las t ing resul ts . Acco r d ing t o t he l a t es t r epo r t b y I M ARC G r oup , t i t l ed " O rgan - on- c h i p M arke t : G l o ba l I ndu st ry T re nds , Sh are , S i ze , G row t h , O pp or t u n i t y an d Fo recas t 20 24 - 2032 , " t he g loba l o r g an - o n - ch ip m ar ke t s i ze r each ed U S$ 61 . 6 M i l l i on in 202 3 . Factors Af fect ing the Growth of the Organ-on-Chip Indust ry : Report Research and Deve lopment Act iv i t ies: The o r gan - on - c h ip ( O oC) m ar k e t i s subs t an t i a l l y d r i v en by i t s t r ans f o r m a t i ve im p ac t on p ha r m aceu t i ca l r esea r ch an d dev e lopm en t . Thes e m ic r o f l u i d i c dev ic es , wh ich Highlight and m im ic t h e p hys io log i ca l r es pons es o f o r gan t i s sues , p r ov ide a m o r e a ccu r a t e a nd p r ed i c t i ve m od e l f o r d r ug e f f i ca cy and s a f e t y t es t i ng com par e d t o t r ad i t i o na l ce l l cu l t u r es a nd a n im a l m od e ls . Description The ab i l i t y o f O oC s t o s im u la t e hum a n o r g an dy nam ic s unde r va r i ous co nd i t io ns enab les pha r m ac eu t i c a l c om p an ies t o be t t e r p r ed i c t how d r ugs w i l l be have i n hum an bod ie s , po t en t i a l l y r e duc in g t he in c iden ce o f l a t e - s t age d r ug t r i a l f a i lu r es . T h i s acce le r a t es t h e d r u g deve lopm en t p r oces s and s ign i f i can t l y cu t s cos t s by m in im iz ing t he r e l i ance o n cos t l y an im a l t es t in g and h um an t r i a l s . A s r egu la t o r y bo d ies i nc r ease t he i r e m phas i s on d r ug sa f e t y and e f f i c acy , t he dem and f o r a dvan ced t es t i ng m ode l s l i ke O oC s i s e xpec t ed t o r i s e , f u r t he r p r o pe l l i ng t he m a r ke t g r ow t h . Demand for Personal ized Medic ine: The organ-on-ch ip marke t i s a lso f ue led by t he g row ing demand f o r pe rsona l i zed med ic ine . OoCs o f fe r a un ique p la t f o rm f o r deve lop ing ind iv idua l i zed the rapy p lans by a l low ing the s t udy o f spec i f i c pa t i en t -de r i ved ce l l s w i th in a con t ro l led Report mic roenv i ronmen t . Th i s capab i l i t y i s c ruc ia l f o r unders t and ing pa t ien t -spec i f i c responses to d i f f e ren t t rea tment s , t he reby fac i l i t a t ing t he cus t omiza t ion o f t herap ies to ach ieve op t imum c l in i ca l ou tcomes . Highlight and As hea l thca re con t inues t o sh i f t t owards pe rsona l i zed t rea t ment app roaches , t he adopt ion o f o rgan-on -ch ip techno log ies i s expec t ed to inc rease. The po t en t ia l o f Description OoCs to s i gn i f i can t l y reduce t he t ime and cos t assoc ia t ed w i th pe rsona l i zed d rug tes t ing and deve lopmen t makes them h igh ly va luab le i n c l i n i ca l se t t i ngs , d r i v ing fu r the r inves t men t and research i n t h i s p romis ing f ie ld . Technologica l Advancements: Advancement s i n m ic ro fabr i ca t ion and t i s sue eng ineer ing a re key f ac to rs d r i v ing the g rowth o f t he o rgan-on -ch ip marke t . The i n teg ra t ion o f cu t t i ng -edge techno log ies such as 3D b iopr in t ing , m ic ro f lu id i cs , and advanced b iomate r i a l s has enhanced t he func t iona l i t y and re l iab i l i t y o f OoC sys tems. These innova t ions have a l l owed fo r the deve lopment o f more comp lex and soph is t i ca ted o rgan mode ls tha t can p rov ide p rec ise ins igh ts in to o rgan behav io rs , d isease mechan isms, and the rapeu t i c responses. Add i t iona l l y , t he ab i l i t y t o in teg ra te sensors d i rec t ly in to OoC dev ices fo r rea l - t ime mon i to r ing o f b io log ica l p rocesses o f fe rs unp receden ted oppor tun i t i es fo r research and deve lopment . Th is techno log ica l in teg ra t ion improves the p red ic t i ve accuracy Report o f OoC mode ls and expands the i r app l i ca t ions ac ross va r ious b iomed ica l and sc ien t i f i c d isc ip l i nes , t he reby b roaden ing the marke t reach . Highlight and Request for a PDF sample o f th is repor t : Description h t tps : / /www. imarcgroup .com/organ-on-ch ip -marke t / reques tsamp le Report Description Global Organ-on-chip Market Trends: Present ly , w i th advancements in p rec is ion med ic ine , there 's a growing need fo r ta i lo red t rea tment op t ions. OOC technology enab les the model ing o f ind iv idua l pa t ien t responses to drugs , fac i l i ta t ing the deve lopment o f persona l ized therap ies . Bes ides , concerns over an ima l we l fa re and the l im i ta t ions o f t rad i t iona l an ima l mode ls have prompted a sh i f t towards a l te rnat ive tes t ing methods. OOC p la t fo rms o f fe r a more e th ica l and phys io log ica l l y re levan t approach fo r d rug screen ing and tox ic i ty tes t ing . Moreover , the in tegra t ion o f A I and machine learn ing a lgor i thms wi th OOC sys tems enhances data ana lys is and pred ic t ion capabi l i t i es . Th is a l lows for more accurate mode l ing o f human phys io logy and d rug responses, acce le ra t ing d rug d iscovery and deve lopment p rocesses. Looking forward, the market to reach US$ 541 .8 Mi l l ion by 2032, exhib i t ing a growth rate (CAGR) of 26 .5% during 2024-2032. View Report TOC, F igures and Tables : h t tps: / /www. imarcgroup.com/organ-on-chip-market Breakup by Off ering: • Products • Services Breakup by Type: • Liver Report • Heart • Segmentation Lung • Kidney • Others Breakup by Application: • Physiological Model Development • Drug Discovery • Toxicology Research Breakup by End Use: • Pharmaceutical and Biotechnology Companies • Academic and Research Insti tutes • Cosmetics Industry • Others Report Breakup by Region: Segmentation • North America • Asia-Pacifi c • Europe • Latin America • Middle East and Afr ica • Allevi Inc. • Altis Biosystems • AxoSim • BiomimX S.r. l . Competitive • Elvefl ow Landscape • Emulate Inc. with Key • InSphero • MIMETAS Players • Nortis Inc. • TARA Biosystems Inc. • TissUse GmbH What was the size of the global organ-on-chip market in 2023? What is the expected growth rate of the global organ- on-chip market during 2024-2032? What are the key factors driving the global organ-on- chip market? Key What has been the impact of COVID-19 on the global organ-on-chip market? Questions What is the breakup of the global organ-on-chip market Answered in based on the type? the Report What is the breakup of the global organ-on-chip market based on the application? What is the breakup of the global organ-on-chip market based on the end use? What are the key regions in the global organ-on-chip market? Who are the key players/companies in the global organ- on-chip market? 1 P r e f a c e 2 S c o p e a n d M e t h o d o l o g y 2 . 1 O b j e c t i v e s o f t h e S t u d y 2 . 2 S t a k e h o l d e r s 2 . 3 D a t a S o u r c e s 2 . 3 . 1 P r i m a r y S o u r c e s 2 . 3 . 2 S e c o n d a r y S o u r c e s 2 . 4 M a r k e t E s t i m a t i o n 2 . 4 . 1 B o t t o m - U p A p p r o a c h Table of 2 . 4 . 2 T o p - D o w n A p p r o a c h 2 . 5 F o r e c a s t i n g M e t h o d o l o g y 3 E x e c u t i v e S u m m a r y 4 I n t r o d u c t i o n 4 . 1 O v e r v i e w Contents 4 . 2 K e y I n d u s t r y T r e n d s5 G l o b a l O r g a n - o n - c h i p M a r k e t 5 . 1 M a r k e t O v e r v i e w 5 . 2 M a r k e t P e r f o r m a n c e 5 . 3 I m p a c t o f C O V I D - 1 9 5 . 4 M a r k e t F o r e c a s t 6 M a r k e t B r e a k u p b y O f f e r i n g 6 . 1 P r o d u c t s 6 . 1 . 1 M a r k e t T r e n d s 6 . 1 . 2 M a r k e t F o r e c a s t 6 . 2 S e r v i c e s 6 . 2 . 1 M a r k e t T r e n d s 6 . 2 . 2 M a r k e t F o r e c a s t 7 M a r k e t B r e a k u p b y T y p e 7 . 1 L i v e r 7 . 1 . 1 M a r k e t T r e n d s 7 . 1 . 2 M a r k e t F o r e c a s t 7 . 2 H e a r t 7 . 2 . 1 M a r k e t T r e n d s 7 . 2 . 2 M a r k e t F o r e c a s t 7 . 3 L u n g 7 . 3 . 1 M a r k e t T r e n d s 7 . 3 . 2 M a r k e t F o r e c a s t 7 . 4 K i d n e y 7 . 4 . 1 M a r k e t T r e n d s 7 . 4 . 2 M a r k e t F o r e c a s t 7 . 5 O t h e r s 7 . 5 . 1 M a r k e t T r e n d s Table of 7 . 5 . 2 M a r k e t F o r e c a s t8 M a r k e t B r e a k u p b y A p p l i c a t i o n 8 . 1 P h y s i o l o g i c a l M o d e l D e v e l o p m e n t 8 . 1 . 1 M a r k e t T r e n d s Contents 8 . 1 . 2 M a r k e t F o r e c a s t 8 . 2 D r u g D i s c o v e r y 8 . 2 . 1 M a r k e t T r e n d s 8 . 2 . 2 M a r k e t F o r e c a s t 8 . 3 T o x i c o l o g y R e s e a r c h 8 . 3 . 1 M a r k e t T r e n d s 8 . 3 . 2 M a r k e t F o r e c a s t 9 M a r k e t B r e a k u p b y E n d U s e 9 . 1 P h a r m a c e u t i c a l a n d B i o t e c h n o l o g y C o m p a n i e s 9 . 1 . 1 M a r k e t T r e n d s 9 . 1 . 2 M a r k e t F o r e c a s t 9 . 2 A c a d e m i c a n d R e s e a r c h I n s t i t u t e s 9 . 2 . 1 M a r k e t T r e n d s 9 . 2 . 2 M a r k e t F o r e c a s t F o r m o r e i n f o r m a t i o n , v i s i t : ht t ps : / /w ww. i ma rc gro up . c o m /o rga n - o n - c h i p -ma rke t / t o c Partial List of Clients Partial List of Clients Disclaimer © 2024 IMARC Al l R ights Reserved Th is Pub l i ca t ion and a l l i t ’ s con ten ts un less o therw ise men t i oned a re copy r i gh ted in the name o f I n t e rna t i ona l Marke t Ana lys i s Research and Consu l t ing ( IMARC) . 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