New York, NY, Sept. 04, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Organ-On-Chip Market By Product (Liver-On-Chip, Heart-On-Chip, Lung-On-Chip, Kidney-On-Chip, and Others), By Application (Drug Discovery, Toxicology Research, and Others), and By End-User (Healthcare, Cosmetic Industry, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global organ-on-chip market was USD 15 million in 2018 and is expected to generate around USD 88 million by 2025, growing at a CAGR of around 27.73% between 2019 and 2025.
Organ-on-chip is a 3D microfluidic cell structure chip that simulates a particular organ in the body along with its mechanics and physiological reactions using the computer chip manufacturing method, to execute procedures like breathing, peristalsis, and curing infections. The organ-on-chip plays an important role in the fields of drug discovery and research, as it assists in achieving greater precision in toxicity identification and testing to decrease the chances of drug failure in human clinical trials. In addition, traditional animal models were not guaranteed to correctly imitate human pathophysiology. The organ chip consists of a flexible polymer of the size of the computer memory stick, which has hollow microfluid channels for the cells of a particular human organ that is surrounded by the organ-specific physical microenvironment.
Browse through 54 Tables & 23 Figures spread over 110 Pages and in-depth TOC on “Global Organ-On-Chip Market: Industry Type, Size, Share, Trends, Segments, Analysis and Forecast, 2018–2025”.
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The increasing issues related to one’s health and rising demand for organ culture instruments based on lung and kidney are driving the organ-on-chip market worldwide. In addition, increasing projects by prominent chip organ implementation organizations will further contribute to the organ-on-chip market globally. For example, in 2017, the Netherlands Scientific Research Organization (NWO) discussed its plans for the country’s organ-on-chip initiative that focused on advances and growth of the same. However, the imitation of the extremely complicated architecture of human organs may limit the organ-on-chip market over the forecast time period.
The organ-on-chip market is fragmented based on the product, application, and end-user. Based on the product, the organ-on-chip market is classified into kidney-on-chip, lung-on-chip, heart-on-chip, liver-on-chip, and others. The application segment of the organ-on-chip market includes toxicology research, drug discovery, and others. The drug discovery segment is anticipated to dominate the organ-on-chip market in the years ahead. The end-user segment is divided into the cosmetic industry, healthcare, and others. The healthcare sector will hold a major share of the market for organ-on-chip globally in the future.
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North America will hold a major share of the organ-on-chip market globally, owing to rapid technological advances in the region, elevated healthcare expenditure, higher adoption rates of sophisticated technology, and preference for alternate disease treatment processes. In addition, the existence of developed countries like the U.S. and Canada with advanced animal healthcare equipment and infrastructure is anticipated to further fuel the North American organ-on-chip market in the years ahead.
Europe is another leading region in the organ-on-chip market globally, to trail North America narrowly in terms of revenue, over the forecast period. This regional share can be attributed to the existence of advanced research and development equipment in the region combined with various substantial technological advances in the healthcare sector.
Browse the full “Organ-On-Chip Market By Product (Liver-On-Chip, Heart-On-Chip, Lung-On-Chip, Kidney-On-Chip, and Others), By Application (Drug Discovery, Toxicology Research, and Others), and By End-User (Healthcare, Cosmetic Industry, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/organ-on-chip-market
The Asia Pacific organ-on-chip market is anticipated to register notable CAGR over the forecast time period, owing to the existence of emerging countries of India and China and flourishing healthcare industry along with the emergence of new technologies related to animal health equipment and growing organ-on-chip market awareness.
Latin America and the Middle East and Africa are anticipated to grow at a moderate pace over the forecast time period in the organ-on-chip market. This can be attributed to the growing awareness among individuals, substantial developments in the healthcare sector, positive economic growth, and a rising number of public initiatives in these regions.
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Some key players of the organ-on-chip market are Emulate, AxoSim Technologies, CN Bio Innovations, Hurel Corporation, Ascendance Biotechnology, InSphero, Mimetas, Nortis, Organovo Holdings, and Tara Biosystems.
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This report segments the global organ-on-chip market as follows:
Global Organ-on-chip Market: Product Analysis
- Liver-On-Chip
- Heart-On-Chip
- Lung-On-Chip
- Kidney-On-Chip
- Others
Global Organ-on-chip Market: Application Analysis
- Drug Discovery
- Toxicology Research
- Others
Global Organ-on-chip Market: End-User Analysis
- Healthcare
- Cosmetic Industry
- Others
Global Organ-on-chip Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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