Organ-on-a-chip Market report Growth Opportunities and Competitive Landscape 202
Posted by shriya on June 9th, 2021
Global Organ-on-a-chip Market Research Report: By Organ Type (Lung-on-Chip, Heart-on-Chip, Liver-on-Chip, Intestine-on-Chip, Kidney-on-Chip, Human-on-Chip), By Application (Drug Discovery, Toxicology Research, Others) and By End-User (Pharmaceutical Companies, Research Organizations, Others) – Forecast to 2027
This study by Market Research Future brings an all-encompassing framework of the dynamics of the Global Organ-on-a-chip Market report 2020. The study comprises a critical assessment of the market based on the latest and emerging avenues and strategic frameworks to enable investment for significant players to make effective decisions. On these parameters, the market will gain a valuation of USD 1,020 Million by 2025, while staggering at 53% CAGR during the assessment period 2019–2025.
North America region emerged as an important market for the organ-on-chip devices with a 48.64% share of market revenue in 2017. Factors such as surged government support for the novel drug discovery research activities, the presence of excellent academic and research institutes, and a well-established pharmaceutical and biotechnology industry are likely to boost the North America region to develop at the highest CAGR of 39.37% over the forecast period. The prevalence of critical pharmaceutical and biotechnology firms and research facilities led the Europe region to grab a significant share of the global organ-on-chip market in the forecast period.
Owing to its noteworthy adoption in multiple applications, the organ-on-chip market is consisting of multiple leading vendors such as CN Bio Innovations Limited (UK), TissUse GmbH (Germany), MIMETAS BV (Netherlands), Hµrel Corporation, Nortis, Inc. (US), InSphero (Switzerland), TARA Biosystems, Inc. (US), Organovo Holdings Inc. (US), and HemoShear Therapeutics, LLC (US).
Browse More Details at: https://www.marketresearchfuture.com/reports/organ-on-chip-market-8498
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Joined: May 18th, 2021
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