The "Organ-On-Chip Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.
What is the projected market size & growth rate of the Organ-On-Chip Market?
Market Analysis and Size
Researchers have been deploying a combination of labs-on-chips (LOCs) and cell biology to examine human physiology in an organ-specific environment over the years. This results in the emergence of new model of in vitro multicellular human organisms.
The organ-on-chip market was valued at USD 57.05 million in 2021 and is expected to reach USD 144.31 million by 2029, registering a CAGR of 12.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
The organ-on-chip market comprises of sales of organs-on-chips by entities that manufacture organs-on-chips for drug development, toxicity testing, and personalized medicine research (organizations, lone traders, and partnerships). Organs-on-chips (OOCs) are small plastic devices with biocompatible microfluidic chambers that hold a 3D culture of numerous living human cells that mimic important physiological processes of body organs.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Organ-On-Chip market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Organ-On-Chip Market.
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Which are the driving factors of the Organ-On-Chip market?
The driving factors of the Organ-On-Chip market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Organ-On-Chip across various industries further propel market expansion.
Organ-On-Chip Market - Competitive and Segmentation Analysis:
Global Organ-On-Chip Market, By Organ Type (Liver, Heart, Lung, Other Organ Types), Application (Drug Discovery, Toxicology Research, Others), End User (Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, Other) - Industry Trends and Forecast to 2029
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Organ-On-Chip market?
Some of the major players operating in organ-on-chip market are