The Global Organ-On-Chip (OOC) Market Report by The Business Research Company covers organ-on-chip market drivers and restraints, OOC market size, major players, and the impact of COVID-19 on the OOC market.
The organ-on-chip market consists of sales of organs-on-chips by entities (organizations, sole traders and partnerships) that manufacture organs-on-chips used for drug development, toxicity testing, and personalized medicine research. Organs-on-chips (OOCs) are small plastic devices with biocompatible microfluidic chambers containing multiple live human cells in a 3D culture that simulate key physiological functions of body organs. Organs-on-chips that mimic the organ level physiology of humans are a promising alternative to animal models.
The global OOC market reached a value of nearly $50.8 million in 2020, having increased at a compound annual growth rate (CAGR) of 59.5% since 2015. The market is expected to grow from $50.8 million in 2020 to $177.8 million in 2025 at a rate of 28.5%. The organ-on-chip market is then expected to grow at a CAGR of 14.6% from 2025 and reach $350.8 million in 2030.
Personalized medicine is an evolving field that allows physicians to develop a targeted treatment for their patients, i.e., to choose the best possible drug at the right dose based on the needs of an individual patient. It holds a great promise for improving patient’s health outcomes, especially in the areas where a detailed understanding of each person’s phenotype and disease profile is important. Personalized medicine has a strong impact on the healthcare industry leading to the increasing for personalized medicine worldwide, especially in cancer treatments. Under controlled and dynamic microenvironment conditions, the microfluidic systems with integrated stem cells exhibit functions that emulate individual organ-level physiology. These personalized models help predict patient-specific toxicity and efficacy. In the future, by focusing on early disease detection with the support of personalized medicine, patients will be matched with the most suitable treatments that will work for them.
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Some organ-on-chip market trends include adopting big data to deal with the data generated through OOCs to effectively use the generated data, implementation of big data algorithms on modern high performance computing systems is pivotal.
Global organ-on-chip (OOC) market segments include:
1) By Organ Type: Lung-On-Chip, Multi-Organs On Chip, Heart-On-Chip, Liver-On-Chip, Intestine-On-Chip, Kidney-On-Chip, Skin-On-Chip, Blood-Brain-Barrier-On-Chip, Other Organ Models
2) By Application: Toxicology Research, Drug Discovery, Molecular Biology, Disease Modelling, Food Safety, Other Applications
3) By End Users: Biopharmaceutical companies, Academics, Food & Beverages, Other commercial industries
4) By Products And Services: Devices, Testing Services
5) By Type Of Material: Polymer PDMS, Glass, Silicon
6) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The On The Organ-On-Chip (OOC) Opportunities and Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides organ-on-chip (OOC) market overviews, analyzes and forecasts market size, share, organ-on-chip (OOC) market players, organ-on-chip (OOC) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The organ-on-chip (OOC) identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read On The Organ-On-Chip (OOC) Opportunities and Strategies: Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Emulate Inc., Mimetas BV, AxoSim Inc., Nortis Inc., TissUse GmbH
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Organ-On-Chip (OOC) Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Organ-On-Chip (OOC) Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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