Global Organ-on-a-chip Market Report -2024

Organ-on-a-chip Market - Global Industry
Insights, Trends, Outlook and Analysis -2024
[DATE]
[COMPANY NAME]
[Company address]
Report Description
Organ-on-a-chip Market Overview
Organ-on-a-chip is gaining prominence on the backdrop of regulatory measures on animal testing and
growing complexity in therapeutic applications. Various players are trying to capitalize on lucrative growth
opportunities in the organ-on-a-chip devices market. It is a unique cell culture process, wherein biomimetic
microsystem is used as a platform.
Ask for FREE SAMPLE REPORT @ https://www.coherentmarketinsights.com/insight/requestsample/49
These devices are built on silicone, which can be used to grow internal organs. This finds application in
organ transplantation and also therapeutics. Harvard’s Wyss Institute is engaged in lung-on-chip
production, commercialization of which would help in exponential growth of the organ-on-a-chip market.
Moreover, partnerships of biotech and pharmaceutical companies with universities is expected to scale
up the commercialization process in the near future. This billion dollar industry is expected to create
significant market opportunities for players. Some companies such as Mimetas are currently engaged in
development of kidney-on-a-chip. This technology is gaining traction as this unique technology greatly
reduces the amount of testing carried out on animals, while providing highly accurate results.
Organ-on-a-chip Market Dynamics
Organ-on-a-chip is expected to cater to wide range of applications ranging from disease modelling to
patient stratification and phenotypic screening. Most of the demand is expected to be generated from
lung-based organ culture, followed by kidney application. The technology offers better clinical
examinations compared to petri dishes and animal testing – helping scientists and companies to better
understand the functioning of internal organs such as the brain and lungs.
Funding and government initiatives are projected to further boost market growth in the near future. Though
the market is expected to create substantial opportunities, high cost and early stage in R&D are some of
the factors leading to slow growth of the market. Market is expected to witness rampant commercialization
post-2020.
Organ-on-a-chip Market - Regional Analysis
North America and Europe are expected to dominate the overall organ-on-a-chip market throughout the
forecast period. The regions are early adopters of newly developed technology. Moreover, demand is
expected to be further propelled by large consumer base in these regions. North America spends over
16% of its GDP on healthcare. Moreover, various research activities are carried out in the region, which
is home to some of the leading players in the market. Also, organ transplant rate is high in the region.
Growth of the Europe market is expected to be primarily driven by rising demand for organ-on-chip in
Germany, U.K., and France.
Get More Details About This Report @ https://www.coherentmarketinsights.com/ongoinginsight/organ-on-a-chip-market-49
Asia Pacific is a lucrative market for companies engaged in organ-on-a-chip market. However,
commercialization is not expected to take place in early years. As market is still in its early stage, it would
take a few years before companies can expect return on profit. Japan and China are key markets in Asia
Pacific. These countries account for over half of the pharmaceutical market in Asia Pacific. Also, these
countries are well equipped with technologically advanced medical devices and research centers.
Organ-on-a-chip Market - Competitive Landscape
Organovo, Hepregen, Hurel Corporation, Nortis, TissUse, Tara Biosystems, and AxoSim are some of the
players engaged in organ-on-a-chip market. These companies are located in North America, with most
being start-ups albeit with major funding and are expected to attain major commercial success in the near
future.
About Us
COMPANY OVERVIEW
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting
our plethora of clients achieve transformational growth by helping them make critical business decisions.
We are headquartered in India, having office at global financial capital in the U.S. Our client base includes
players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to
help businesses around the globe deliver practical and lasting results through various recommendations
about operational improvements, technologies, emerging market trends and new working methods. We
offer both customized and syndicated market research reports that help our clients create visionary growth
plans to provide traction to their business. We meticulously study emerging trends across various
industries at both the global and regional levels to identify new opportunities for our clientele. Our global
team of over 100 research analysts and freelance consultants provide market intelligence from the very
molecular country level and also provide a global perspective of the market. Our team is of the most vital
cog in our robust machinery that gives us the ability to deliver independent insight relying on our cognitive
defusion training module.This allows for an objective and unbiased assessment of the market. We pride
ourselves in my constantly striving to update our extremely in-depth understanding of the market by
closely monitoring and analyzing markets, trends, and emerging best practices, across allfathomable
industries under the sun. This enables us to equip our valued clientele with key decisive inputs to capitalize
on lucrative growth opportunities in the market and to follow firmly position themselves on a high growth
path in the future.
Contact Us
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel No : +1-206-701-6702
sales@coherentmarketinsights.com