With greater complexity in clinical uses and stricter regulations on animal testing, organ-on-a-chip has come into the spotlight. There is intense competition in the organ-on-a-chip devices market as businesses strive to reap the benefits of the industry’s projected rapid expansion. It’s an unconventional method of cultivating cells that makes use of a biomimetic microsystem.
Silicone, the material from which these gadgets are made, can be utilized to cultivate functional organs. This has potential therapeutic and transplantation applications. The Wyss Institute at Harvard University is currently working on creating a lung-on-chip, the commercialization of which would significantly boost the organ-on-a-chip industry. And collaborations between biotech and pharma firms and academic institutions are anticipated to speed it up this same commercialization process and increase output. Many lucrative opportunities await participants in this multibillion dollar market. Kidney-on-a-chip research and development is underway at some companies like Mimetas. Growing support can be attributed to the fact that this innovative method significantly lessens the number of animal tests needed to reach reliable conclusions.
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Organ-on-a-chip Market Dynamics
Many different fields may benefit from using organs on a chip, from disease simulation to patient selection and phenotypic screening. Lung-based organ culture is anticipated to be the largest demand generator, accompanied by kidney application. Researchers and businesses can learn more about the inner workings of organs like the brain and lungs thanks to the technology’s improved medical assessment particularly in comparison to petri dishes and animal testing.
It is expected that investments and government programs will further stimulate the expansion of the market. Despite the market’s potential for lucrative new opportunities, its development has been sluggish due to factors such as high prices and an early stage of research and development. After 2020, the market is projected to experience rapid commercialization.
Organ-on-a-chip Market – Regional Analysis
Through the end of the forecast period, the markets for organs on a chip in North America and Europe are anticipated to account for the majority of the global market. These areas are known for being quick to adopt cutting-edge gadgets. In addition, the major consumer base in these areas is expected to further fuel demand. Greater than sixteen percent of North American gross domestic product is spent on medical care. Some of the most innovative businesses and researchers in the world can be found in this area. The region also has a relatively high rate of organ transplants. Demand for organs on chips is expected to increase significantly in countries like Germany, the United Kingdom, and France, all of which will contribute to the expansion of the European market.
The organ-on-a-chip industry finds great success in the Asia-Pacific region. However, market penetration is not anticipated until much later. Since the market is still developing, it will be several years before businesses start seeing a profit. The Asian and Pacific economies of Japan and China are significant. More than half of the Asia-Pacific pharmaceuticals market is made up of these countries. Also, both the healthcare infrastructure and the research facilities in these nations are state-of-the-art.
Organ-on-a-chip Market – Competitive Landscape
Organovo, Hepregen, Hurel Corporation, Nortis, TissUse, Tara Biosystems, and AxoSim are several businesses actively involved in the organ-on-a-chip industry. Most of these businesses are based in North America, and while they are still in their infancy, they have received significant funding and are poised for rapid commercial success in the not-too-distant future.
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Key Developments
One, the dominant companies in the market are using different business strategies, like merger and acquisition, to increase their share of the market. In March of 2018, for instance, BioIVT purchased Ascendance Biotechnology to bolster its drug safety testing and toxicology offerings.
Second, market leaders are concentrating on different business strategies, like mergers and acquisitions, to increase their foothold in the industry. By acquiring Biological Specialty Corporation (BSC) in November 2018, BioIVT will be able to offer more fresh blood products to its customers.
Third, Market leaders are focusing on different business strategies, such as holding events, conferences and research symposiums to present the most recent developments in market research. For example, in August 2019, BioIVT, a provider of research models for drug and diagnosis and treatment development, hosted a research symposium in Massachusetts, United States, titled “Innovation in Immuno-oncology: Breaking Down the Barriers.” Scientific progress in the field of immune-oncology was highlighted at this meeting, along with its potential applications in clinical practice and the search for new therapeutics.
Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Organ-on-a-chip Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Organ-on-a-chip Industry Impact
Chapter 2 Global Organ-on-a-chip Competition by Types, Applications, and Top Regions and Countries
2.1 Global Organ-on-a-chip (Volume and Value) by Type
2.3 Global Organ-on-a-chip (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Organ-on-a-chip Sales, Consumption, Export, Import by Regions (2017-2023)
Chapter 5 North America Organ-on-a-chip Market Analysis
Chapter 6 East Asia Organ-on-a-chip Market Analysis
Chapter 7 Europe Organ-on-a-chip Market Analysis
Chapter 8 South Asia Organ-on-a-chip Market Analysis
Chapter 9 Southeast Asia Organ-on-a-chip Market Analysis
Chapter 10 Middle East Organ-on-a-chip Market Analysis
Chapter 11 Africa Organ-on-a-chip Market Analysis
Chapter 12 Oceania Organ-on-a-chip Market Analysis
Chapter 13 South America Organ-on-a-chip Market Analysis
Chapter 14 Company Profiles and Key Figures in Organ-on-a-chip Business
Chapter 15 Global Organ-on-a-chip Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology
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