The latest published report by Polaris Market Research The report “Organoids and Spheroids Market Share, Size, Trends, Industry Analysis Report, By Type (Organoids, Spheroids); By Application (Developmental Biology, Personalized Medicine, Regenerative Medicine, Disease Pathology Studies, Drug Toxicity & Efficacy Testing); By End-Use; By Regions; Segment Forecast, 2021 – 2028” the report covers an exhaustive list of market tables and figures, thus providing in-depth analytical data for segments across different regions.
Market Analysis:
The global organoids and spheroids market was valued at USD 485.7 million in 2020 and is expected to reach USD 2.47 billion by 2028 to grow at a CAGR of 22.8% during the forecast period. [2021-2028] according to a new study by Polaris Market Research. The global organoids and spheroids industry is anticipated to grow, owing to the growing incidence of cancer, innovations in the tissue culture system, and continually failing organ transplantation surgeries. The compatibility between the donor and recipient should be cross-checked through artificial cell culture systems to save time and money.
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Key suggestions from the report
- The spheroids market segment accounted for a major revenue share owing to its applicability in cancer research. The segment held over 50.0% of the global share in 2020. However, the organoid segment is expected to witness highest CAGR during the forecast period.
- Based on application, the development biology segment is projected to constitute almost half of the market in 2028. This is can be attributed for increased use of cell culture systems in the developmental biology.
- North America region is dominating the global organoids and spheroids industry, holding over one-third of the market share throughout the forecast period. The presence of key companies and increasing funding towards research are the factors responsible for its growth
List of Key Players
- 3D BioMatrix
- 3D Biotek LLC
- AMS Biotechnology (Europe) Limited
- Cellesce Ltd.
- Corning Incorporated
- Greiner Bio-One
- Hubrecht Organoid Technology (HUB)
- InSphero/Perkin Elmer
- Prellis Biologics
- Others
*Note: Additional companies can be included on request
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Regional Insights:
North America dominated the organoids and spheroids market with its largest revenue share. The regional market growth is attributed to increased demand for effective drugs owing to the growing prevalence of chronic disorders in the region. Additionally, organoids and spheroids are considered as the ideal model that helps to gain advanced perspective during the research of human developmental biology. In the Asia Pacific, the regional market is projected to exhibit exponential growth over the forecast period on account of constant research and development related to stem cell research. Increasing collaborations among key market players are further anticipated to fuel the market growth.
Polaris Market Research has segmented the organoids and spheroids market report on the basis of type, application, end-use, and region
Organoids and Spheroids, Type Outlook (Revenue – USD Million, 2016 – 2028)
- By Type
- Organoids
- By Type
- Neural
- Hepatic
- Intestinal
- Other
- By Method
- General Submerged Method for Organoid Culture
- Crypt Organoid Culture Techniques
- Air Liquid Interface (ALI) Method for Organoid Culture
- Clonal Organoids from Lgr5+ Cells
- Brain and Retina Organoid Formation Protocol
- By Source
- Primary Tissues
- Stem Cells
- By Type
- Spheroids
- By Type
- Multicellular tumor spheroids (MCTS)
- Neurospheres
- Mammospheres
- Hepatospheres
- Embryoid bodies
- By Method
- Micropatterned Plates
- Low Cell Attachment Plates
- Hanging Drop Method
- Others
- By Source
- Cell Line
- Primary Cell
- iPSCs Derived Cells
- By Type
- Organoids
Organoids and Spheroids, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Developmental Biology
- Personalized Medicine
- Regenerative Medicine
- Disease Pathology Studies
- Drug Toxicity & Efficacy Testing
Organoids and Spheroids, End-Use Outlook (Revenue – USD Million, 2016 – 2028)
- Biotechnology & Pharmaceutical Industries
- Academic & Research Institutes
- Hospitals & Diagnostic Centers
Organoids and Spheroids, Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Central & South America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
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