Semiconductors and Electronics

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Global Organ-On-Chip Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Organ-On-Chip Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 57.05 Million
Diagram Market Size (Forecast Year) USD 144.31 Million
Diagram CAGR %

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

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.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014- 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

AxoSim (US), BiomimX S.r.l. (Italy), Elveflow (France), Emulate, Inc. (US), Hµrel Corporation (US), InSphero (Switzerland), MIMETAS (Netherlands), NORTIS, INC. (US), TARA Biosystems, Inc. (US), and Logo TissUse GmbH (Germany), among others

Market Opportunities

  • Increase in need for personalized medicine
  • Widespread employment of organ-on-chip surpassing the medical enterprise
  • Growing efforts by pharmaceutical corporations

Organ-On-Chip Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Increase in Research Activities

The organ-on-chip industry is encouraged by determinants, such as a demand for substitutes for animal experimentation, the requirement for the initial discovery of remedy toxicity, and unique product launch and elevations in technology are also accountable for stimulating the market.

  • Initiatives by Pharmaceutical Companies

The growing efforts by pharmaceutical corporations to finance and examine medication repurposing using organ-on-chip patterns, are also foreseen to push the increment of the organ-on-chip business.

  • Integration of Technologies

The increase in demand for organ-on-chip as it combines tissue engineering and microfluidics. These technologies offer effective answers to long standing issues in individualized disease treatment and medication discovery. The technology assist in drug development studies.

Additionally, rapid urbanization, lifestyle change, investments, and increased consumer spending positively impact the organ-on-chip market.

Opportunities

Furthermore, an increase in need for personalized medicine extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, widespread employment of organ-on-chip surpassing the medical enterprise will further expand the market.

Restraints/Challenges

On the other hand, high cost associated with the organ chip device and the development of organ-on-chip (OOC) technology are expected to obstruct market growth. Also, stringent regulations are projected to challenge the organ-on-chip market in the forecast period of 2022-2029.

This organ-on-chip market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on organ-on-chip market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 Impact on Organ-On-Chip Market

The COVID-19 had a negative impact on the organ-on-chip market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand organ-on-chip technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the organ-on-chip market is expected to regain its pace during the post-pandemic scenario due to the easing on the restrictions.

Global Organ-On-Chip Market Scope and Market Size

The organ-on-chip market is segmented on the basis of organ type, application, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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

Organ-On-Chip Market Regional Analysis/Insights

The organ-on-chip market is analysed and market size insights and trends are provided by country, organ type, application, and end user as referred above.

The countries covered in the organ-on-chip market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the organ-on-chip market because of the availability of an extensive array of assistance extended by significant market pros and an increment in the toxicological analysis of drugs on the distinct varieties of organ cells.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the adoption of advanced technology in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Organ-On-Chip Market

The organ-on-chip market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to organ-on-chip market.

Some of the major players operating in organ-on-chip market are

  • AxoSim (US)
  • BiomimX S.r.l. (Italy)
  • Elveflow (France)
  • Emulate, Inc. (US)
  • Hµrel Corporation (US)
  • InSphero (Switzerland)
  • MIMETAS (Netherlands)
  • NORTIS, INC. (US)
  • TARA Biosystems, Inc. (US)
  • Logo TissUse GmbH (Germany)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

Global Organ-On-Chip Market segmented By Application such as Drug Discovery, Toxicology Research, and Others.
This organ-on-chip market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
North America presently governs the organ-on-chip exchange due to the availability of an extensive array of assistance extended by significant market pros and an increment in the toxicological analysis of drugs on the distinct varieties of organ cells.
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