According to Emergen Research, the global organs-on-chips market size was USD 27.5 Million in 2020 and is expected to reach USD 209.4 Million in 2028 and register a revenue CAGR of 28.1% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Organs-on-Chips Market, By Type (Liver-on-Chip, Kidney-on-Chip, Heart-on-Chip, Lung-on-Chip, Intestine-on-Chip, Multiple Organs-on-Chip, Others), By Application (Toxicology Research, Drug Discovery, Physiological Model Development, Molecular Biology, Disease Modelling, Food Safety, Others), By End-use (Pharmaceutical and Biotechnology Companies, Research Institutes, Personal Care Industry, Others), and By Region, Forecast to 2028”
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According to Emergen Research, the global organs-on-chips market size was USD 27.5 Million in 2020 and is expected to reach USD 209.4 Million in 2028 and register a revenue CAGR of 28.1% during the forecast period, 2021-2028.
Market Dynamics:
The global organs-on-chips market revenue growth is primarily supported by factors such as rising focus on development of animal model substitutes and disease modeling, increasing applications of organs-on-chips (OOCs) in organ transplantation procedures, increasing problems of organ supply shortage, and increasing research initiatives to develop advanced bioartificial organs. An organ-on-chip is a micro-scale system that emulates the environment of the human body and helps in creating human tissue models for drug testing and disease modeling. These systems provide a microenvironment to help understand cellular activities that control the various functions of human organs. Organs-on-chips are widely used in organ repair centers and also find applications in in-vitro novel therapeutic target identification. Other key applications of organs-on-chips include new drug discovery, toxicology research, physiological model development, molecular biology, and disease modelling. Increasing collaborations between organs-on-chips manufacturers and pharmaceutical and biotechnology companies to develop COVID-19 disease models for study of novel drug compounds are further expected to boost the global market revenue growth.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Heart-on-Chip Segment Accounted for Largest Revenue Share in 2020:
Based on type, the global organs-on-chips market is segmented into liver-on-chip, heart-on-chip, kidney-on-chip, lung-on-chip, intestine-on-chip, multiple-organs-on-chip, and others. The heart-on-chip segment dominated other segments in terms of revenue share in the global market in 2020. Major factors driving revenue growth of this segment are increasing prevalence of cardiovascular diseases, growing use of heart-on-chip in in-vitro cardiac tissue bionic research, and growing use of the microphysiological heart-on-chip in cardiovascular disease studies, new drug development & testing, cardiotoxicity testing, tissue regeneration, and development of personalized medicine.
Physiological Model Development Segment to Account for Fastest Revenue CAGR:
Based on application, the global organs-on-chips market is segmented into drug discovery, physiological model development, toxicology research, molecular biology, disease modelling, and others. The physiological model development segment is projected to register the fastest revenue growth rate in the global market over the forecast period. Increasing use of organs-on-chips in development of physiological microenvironments due to advantages such as high cost-effectiveness, accurate control, and miniaturized scale is one of the key factors expected to drive the revenue growth of this segment.
North America Market Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America organs-on-chips market accounted for largest revenue share in the global market in 2020. Rise in research & development activities for organs-on-chips, growing prevalence of chronic and acute diseases, increasing investments by pharmaceutical and biotechnology companies in novel drug discovery & development, and presence of highly developed healthcare infrastructure and leading market players in the region are key factors boosting the North America market revenue growth.
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Major Companies in the Global Organs-on-Chips Market Include:
- MIMETAS BV
- SynVivo Inc.
- Emulate Inc.
- InSphero AG
- CN Bio
- Nortis Inc.
- Organovo Holdings Inc.
- TissUse GmbH
- AxoSim Inc.,
- Kirkstall Ltd.
For the purpose of this report, Emergen Research has segmented the global organs-on-chips market based on type, application, end-use, and region:
Type Outlook (Revenue, USD Million; 2018-2028)
- Lung-On-Chip
- Heart-on-Chip
- Liver-on-Chip
- Intestine-on-Chip
- Kidney-on-Chip
- Skin-on-Chip
- Blood-brain-barrier-on-Chip
- Multiple-organs-on-Chip
- Others
Application Outlook (Revenue, USD Million; 2018-2028)
- Toxicology Research
- Drug Discovery
- Physiological Model Development
- Molecular Biology
- Disease Modelling
- Food Safety
- Others
End-use Outlook (Revenue, USD Million; 2018-2028)
- Pharmaceutical and Biotechnology Companies
- Research Institutes
- Personal Care Industry
- Others
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/organs-on-chips-market
Region Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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