Organ On Chip Market Outlook, Regional Analysis and Key Developments 2024
The global organ on chip market size was valued at USD 116.4 million in 2023 and is poised to grow at a significant CAGR of 32.1% during the forecast period 2024-30. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the organ on chip market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global organ on-chip market segmentation:
1) By Technology: Microfluidics-based Organ-on-Chip, 3D Bioprinting-based Organ-on-Chip, Other
2) By Organ Types: Liver-on-Chip, Brain-on-Chip, Lung-on-Chip, Heart-on-Chip, Kidney-on-Chip, Other types
3) By Application: Drug Discovery, Toxicology Research, Physiological Model Development, Disease Modelling, Personalized Medicine
4) By End User: Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, Cosmetics Industry, Healthcare Providers
The primary factors of the organ on chip market drivers are growing efforts by pharmaceutical corporations and increase in need for personalized medicine. The organ on chip market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The organ on chip market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the organ on chip market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by the organ on chip market key players are AxoSim (US), BiomimX S.r.l. (Italy), Elveflow (France), Emulate, Inc. (US), Hµrel Corporation (US), InSphero (Switzerland), MIMETAS (Netherlands), NORTIS, INC. (US), TARA Biosystems, Inc. (US), and Logo TissUse GmbH (Germany) is covered here to help them in strengthening their place in the market.
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