Organ on Chip Market: Global Outlook, Key Developments, And Market Share Analysis | 2022-28
Organ on Chip Market report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The organ on chip market was estimated at US$ 111 million in 2021 and is expected to grow at a CAGR of 28.43% during 2022-2028 to reach US$ 647.6 million in 2028. Organs-on-chips (OOCs) are miniature plastic gadgets with biocompatible microfluidic chambers that house numerous living human cells in a 3D culture to mimic various physiological functions of body organs. A promising substitute for animal models are organs-on-chips that replicate the physiology of human organs at the cellular level.
Analysis Segment
The market is divided based on offering, organ, application, and end user. On the basis of offering, the market is segmented into devices, testing services.
On the basis of organ, the market is divided into lung-on-chip, heart-on-chip, liver-on-chip, intestine-on-chip, kidney-on-chip, skin-on-chip, blood-brain -barrier-on-chip, others. Due to fewer lung transplants, which has prompted the development of laboratory-engineered chips to mimic their functions and for drug screening for respiratory disorders, the lung-on-chip segment of the organ-on-chip market has dominated the market since 2021 and is predicted to continue dominating during the forecast period.
On the basis of application, the market is further segmented into toxicology research, drug discovery, molecular biology, disease modeling, food safety and others.
The organ on chip market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2021, North America held the largest share of the worldwide organ-on-chip market, and it is expected to hold this position throughout the forecast period. This is attributable to a growth in the use of technologically advanced models, the presence of important players, and an increase in research and development operations for the development of new drugs. However, because to an increase in R&D efforts, an increase in healthcare spending, and diverse tactics among key competitors, the Asia-Pacific region is predicted to have a significant organ-on-chip market opportunity. In addition, according to the prediction for the Asia-Pacific organ-on-chip market, India and China would expand at rapid CAGRs.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research's internal database and statistical tools.
The Organ on Chip Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
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