Organ-On-Chip Market To Rise
Posted by sainath on January 18th, 2019
The Business Research Company’s organ-on-chip global market opportunities and strategies to 2022, covers the year-on-year growth of the global organ-on-chip market historic and forecast growth. It also includes chapters on the organ-on-chip market trends, geographical analysis, and competitive landscape.
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The global organ-on-chip market is forecast to grow at a CAGR (compound annual growth rate) of around 70 % to 2022.
Organ-On-Chip Market Trends
Organs-on-chips (OOCs) are small plastic devices with biocompatible microfluidic chambers, which contain multiple live human cells in a 3D culture that simulate key physiological functions of body organs. These cells are placed in an environment which artificially replicates aspects of human body such as morphology, movement, flow, electrical stimuli and liquid gradients.
Grants by government and non-government entities have been the key trend for the global OOC industry to date. The ability of OOC models to cut drug development costs drastically will be a key market driver in the future. The complexity of the manufacturing process is holding back the industry and the equipment required in use is a restraint on demand in the market. Unmet needs in the OOC market include regulatory validation, models to test the combined effects of drugs on all major organs and highly robust models.
Universities have been the centers for the discovery and development of OOCs. They are a major end-user and supplier of OOCs. Scientific experts and researchers at universities or institutes have been responsible for designing many of the breakthrough OOC models. Universities often receive funds from various government- and non-government agencies to carry out the research work
The global organ-on-chip market is primarily driven by improvements in the design and manufacture of OOCs will probably allow them to replace animal models as subjects in many preclinical drug evaluations in the future.
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The global organ-on-chip market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With drug testing cost savings to drive demand for OOCs, formation of research consortiums, digitalization and improved drug screening with organs-on-chips will drive demand, the global organ-on-chip market is expected to increase in potential and scope. TBRC’s report also covers the organ-on-chip drivers and restraints in the market.
The global organ-on-chip market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global organ-on-chip market report are CN Bio Innovations, Emulate, TissUse, Mimetas, Hµrel.
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About the Authorsainath
Joined: June 13th, 2018
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