Growing focus on developing alternatives for animal testing models is driving the revenue growth of the market
Organs-on-Chips Market Size – USD 24.4 Million in 2020, Market Growth – at a CAGR of 36.5%, Market Trends –Rising need for early detection of drug toxicity to minimize financial losses
The global organs-on-chips market size is expected to reach USD 294.75 million by 2028 at a CAGR of 36.5% according to the latest report by Reports and Data. The market revenue growth is driven by various factors including increasing requirement for alternatives for animal testing and rising need for early detection of drug toxicity.
An organ-on-a-chip is a microfluidic cell culture device containing continuously perfused chambers. This chip develops a thin and narrow channel, passaging the blood and airflow in several organs, such as heart, lung, liver, and gut. Moreover, these devices are able to produce multiple levels of tissue and organ functionalities, which are not feasible using conventional 3D and 2D culture systems. Therefore, organs-on-chips offer a broad array of applications including patient stratification, disease modeling, and phenotypic screening, which in turn are promoting the revenue growth of the market.
Various advantages of organs-on-chips over cell culture, animal models, and human clinical trials have captured the attention of pharmaceutical and medical communities concentrating on developing various targeted therapies. It is being explored globally as the most effective tool for developing different disease models along with accurately predicting drug efficacies as well as toxicities. Additionally, rising adoption from numerous companies and universities that have been seeking advanced models for drug development is augmenting demand for organs-on-chips devices, thus, accelerating the revenue growth of the market.
Furthermore, increasing demand for personalized medication and the huge applications of organs-on-chips other than pharmaceutical industry are crucial factors creatinggrowth opportunities for market players. However, rising complexity of organ-on-chip models is predicted to hinder the market revenue growth to a certain extent.
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Further key findings in the report
For the purpose of this report, Reports and Data has segmented the global organs-on-chips market on the basis of type, offering, application, end user, and region:
Type Outlook (Revenue, USD Million, 2018 – 2028)
Offering Outlook (Revenue, USD Million, 2018 – 2028)
Application Outlook (Revenue, USD Million, 2018 – 2028)
End User Outlook (Revenue, USD Million, 2018 – 2028)
Regional Outlook (Revenue, USD Million, 2018 – 2028)
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Table of Content:
Chapter 1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.6 Market Stakeholders
Chapter 2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
188.8.131.52 Secondary Sources
2.1.2 Primary Data
Chapter 9 Organs-on-Chips Market, By End User 2021 & 2028
9.2 Pharmaceutical & Biotechnology Companies 2018 – 2028 (USD Million)
9.3 Academic & Research Institutes 2018 – 2028 (USD Million)
9.4 Cosmetics Industry 2018 – 2028 (USD Million)
9.5 Other End Users 2018 – 2028 (USD Million)
Chapter 10 Organs-on-Chips Market, By Region 2021 & 2028
10.2 North America 2018 – 2028 (USD Million)
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