A microfluidic cell culture system with constantly perfused compartments is known as an organ-on-a-chip. In organs such as the lung, stomach, liver, heart, and other organs, this chip creates a narrow route for blood and ventilation. Using standard 2D and 3D culture techniques, such devices may create several levels of tissue and organ functions.
MARKET SCOPE
The "Global Organs-on-chips Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Organs-on-chips market with detailed market segmentation by type, offerings, application end user and geography. The report provides key statistics on the market status of the leading Organs-on-chips market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global Organs-on-chips market is segmented into Liver-on-chip, Kidney-on-chip, Lung-on-chip, Heart-on-chip and Other Organs.
- Based on application, the global Organs-on-chips market is segmented into Product and Services.
- Based on application, the global Organs-on-chips market is segmented into physiological model development, drug discovery and toxicology research.
- Based on distribution channel the global Organs-on-chips market is segmented into Pharmaceuticals and biotechnology companies, academic and research institutes, cosmetic industry and other end users.
MARKET DYNAMICS
Drivers:
- Owing to the factors such as wave in applications of OOC devices in the healthcare sector
- Increase in demand for organ-on-chip in drug screening
Restraints:
- High cost of OOC devices
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Organs-on-chips market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Organs-on-chips market in these regions.
IMPACT OF COVID-19 ON ORGANS-ON-CHIPS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. However, the demand for Organs-on-chips has decreased due to rising in COVID instances.
MARKET PLAYERS
The report covers key developments in the Organs-on-chips market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Organs-on-chips market are anticipated to lucrative growth opportunities in the future with the rising demand for Organs-on-chips in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Organs-on-chips market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Organovo
- Hepregen
- Hurel Corporation
- Nortis
- TissUse
- Tara Biosystems
- AxoSim
- Emulate Inc.
- CN Bio Innovations.
- MIMETAS.