COVID-19 Impact Analysis on Organs-on-chips Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2023-2032. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country markets in detail.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Organs-on-chips market include Altis Biosystems, AlveoliX AG, Axosim, Bi/ond Solutions B.V, Cherry Biotech, CN-Bio, Emulate, Inc., Hesperos, Inc., Insphero, MesoBioTech, Mimetas B.V., Nortis Inc., React4Life, TARA Biosystems (Valo Health), TissUse GmbH. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The increasing demand for alternatives to traditional animal testing methods due to ethical concerns and the need for more human-relevant research models drives adoption. Additionally, the focus on personalized medicine and drug development amplifies the significance of accurate in vitro testing platforms. The organs-on-chips technology offers a more physiologically relevant environment, enabling a better understanding of organ-level responses. Moreover, collaborations between pharmaceutical companies and organs-on-chips manufacturers contribute to market growth, fostering innovation and research. The push for precision medicine, coupled with advancements in microfabrication techniques, further accelerates market expansion. As the pharmaceutical and biotechnology industries prioritize safer and more efficient drug development processes, the organs-on-chips market is poised for sustained growth, revolutionizing the landscape of preclinical testing.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of organs-on-chips. The growth and trends of organs-on-chips industry provide a holistic approach to this study.
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Market Segmentation
This section of the organs-on-chips market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Product (Liver-On-Chip, Lung-On-Chip, Heart-On-Chip, Kidney-On-Chip, Other Products)
- Service
By Material
- Polydimethylsiloxane (Pdms)
- Polymer
- Glass
By Model Type
- Single-Organ Model
- Multi-Organ Model
By Application
- Drug Discovery
- Toxicity Testing
- Disease Modeling
- Personalized Medicine
- Other
By End-User
- Pharmaceutical And Biotechnology Companies
- Academic And Research Institutes
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Organs-on-chips market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The growth of this market is mainly driven by the growing focus on developing alternatives for animal testing models, significant increase in research funding and venture capital investments for the development of organs-on-chips, technological advancements and products launches, growing number of partnerships and collaborations between pharmaceutical companies and organs-on-chips manufacturers, and growing need for early detection of drug toxicity to minimize financial losses due to late stage drug failure.The Organs-on-chips Market is expected to reach USD 45.6 million by 2022 from USD 9.6 million in 2017, at a CAGR of 36.6%.Ask for PDF Brochure: -https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144117291Market Segmentation: -Based on type, the organs-on-chips market is segmented into liver, lung, heart, kidney, and other organs-on-chips.
In 2017, the accessories segment is expected to account for the largest share of the organs-on-chips market.
The large share of this segment can be attributed to the simplicity of this model and the ability of on-chip hepatic tissues to maintain metabolic activity and phenotype similar to the in vivo environment.Based on application, the organs-on-chips market is segmented into physiological model development, drug discovery, and toxicology research.
The drug discovery segment is expected to register the highest CAGR during the forecast period.
The increasing focus on drug discovery, rising need for more predictive in vitro tools for drug development among pharmaceutical companies, and growing preference for alternatives to conventional cell culture and animal models are some of the factors that are driving the growth of the drug discovery segment.Key Market Drivers :- 1 Growing Focus on Developing Alternatives for Animal Testing Models 2 Significant Increase in Research Funding and Venture Capital Investments for the Development of Organs-on-Chips 3 Technological Advancements and New Products Launches 4 Growing Number of Partnerships and Collaborations Between Pharmaceutical Companies and Organs-on-Chips Manufacturers 5 Growing Need for Early Detection of Drug Toxicity to Minimize Financial Losses Due to Late Stage Drug Failure 6 Growing Initiatives to Increase Awareness About Organs-on-Chips TechnologiesRegional Analysis: -In 2017, North America is expected to dominate the market followed by Europe.
The large share of this geographical segment is attributed to factors such as availability of new and advanced organs-on-chips in the market.Request for Sample Pages - https://www.marketsandmarkets.com/requestsampleNew.asp?id=144117291 Top key Players:-The organs-on-chips market is emerging and high growth potential market with the presence of several small players and startups firms.
