Organ-On-Chip Market was valued US$ 59.09 Mn in 2023 and is expected to reach US$ 406.10 Mn by 2030, at CAGR of 31.7% during forecast period.
Organ-On-Chip Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Organ-On-Chip Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Organ-On-Chip market by thorough analysis, and projections are made up to 2030.
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Key Market Drivers and Developments:
- Technological Innovations in Organ-on-Chip Models: Organ-on-chip platforms replicate the functions of human organs at a cellular level, offering a more accurate representation of human physiology than traditional models. This innovation is gaining traction in drug development, toxicity testing, and personalized healthcare.
- Growing Demand for Personalized Medicine: With the growing focus on precision and personalized healthcare, organ-on-chip models are playing an increasingly vital role in drug discovery, clinical trials, and patient-specific treatment designs.
Mergers and Acquisitions in the Organ-on-Chip Market:
The market is witnessing significant mergers and acquisitions as companies race to innovate and expand their capabilities. Recent notable acquisitions and partnerships include:
- Singapore and South Korea: Leading companies in the microfluidics sector are entering into strategic partnerships with local biotech firms in Singapore and South Korea to develop more advanced organ-on-chip models for drug testing and clinical applications. Companies like Emulate, Inc., have partnered with research institutions to expand their footprint in the Asian market.
- United States and Europe: The United States remains a key hub for organ-on-chip innovations, with companies like MIMETAS in the Netherlands acquiring US-based Organovo to expand their portfolio of advanced human tissue models. This acquisition enhances their position in the growing demand for personalized drug discovery solutions.
Latest Market Developments:
- Vietnam and Thailand: In Southeast Asia, the application of organ-on-chip technology in healthcare and pharmaceutical research is starting to gain momentum. Local firms are collaborating with global leaders in biotechnology to integrate these advanced models into medical research and drug testing protocols.
- Japan and South Korea: Japan’s emphasis on precision medicine and South Korea’s leadership in biotechnology are driving the adoption of organ-on-chip platforms. South Korea’s Cellix has recently acquired a key partnership with Kyoto University, aiming to integrate organ-on-chip technology into drug safety screening and regenerative medicine.
- European Expansion: In Europe, the organ-on-chip market is benefiting from increased government funding and support for life sciences innovation. Countries such as Germany, France, and the UK are witnessing a rise in public-private collaborations focused on enhancing the applications of organ-on-chip technology in clinical trials and toxicology studies.
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Organ-On-Chip Market Segmentation:
by Offering
Services
Products
by Type
Liver-on-Chip
Lung-on-Chip
Kidney-on-Chip
Heart-on-Chip
Intestine-on-Chip
Brain-on-Chip
Others
by Application
Toxicology Research
Physiological Model Development
Drug Discovery
by End-User
Pharmaceutical & Biotechnology Companies
Academic Research Institutes
Others
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Organ-On-Chip Market Key Players:
1.Emulate Inc.
2.TissUse GmbH
3.Kirkstall Ltd.
4.CN Bio Innovations Ltd
5.Ascendance Biotechnology, Inc.
6.Nortis, Inc.
7.Mimetas B.V.
8.Hurel Corporation
9.Organovo Holdings, Inc.
10.CN Innovations Holdings Limited
11.Axosim Technologies LLC
12.Insphero Ag
13.Hesperos Inc
14.Tara Biosystems
15.SynVivo
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Organ-On-Chip Market Regional Insights :
The size and trends in the Organ-On-Chip market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Key Players in the Organ-on-Chip Market:
- Emulate, Inc.: One of the leaders in the field, Emulate’s organ-on-chip platforms are being adopted by pharmaceutical companies and research institutions for drug development and personalized medicine applications.
- MIMETAS: Known for its advanced microfluidic cell culture platforms, MIMETAS is rapidly expanding its global reach through strategic acquisitions and partnerships, especially in Europe and North America.
- Organovo: With its focus on 3D bioprinting technology, Organovo is making strides in developing tissue and organ models for use in drug discovery and regenerative medicine.
- TissUse GmbH: The Berlin-based company is pioneering the development of multi-organ-on-chip systems, which provide a more comprehensive model of human physiology for better drug testing and development.
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