Organs on Chips Market
Organs on Chips Market - Global Industry Assessment & Forecast
Segments Covered
- By Type Liver, Heart, Lung, Other Organ Types
- By Application Drug Discovery, Toxicology Research, Other Applications
- By End User Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, Other End Users
- By Region Latin America, North America, Europe, Asia Pacific, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 35.78 Million |
Revenue 2030: | USD 254.69 Million |
Revenue CAGR (2023 - 2030): | 27.80% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Organs on Chips Market by Type by Application by End User by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The later stage covers data validation and collection from primary research. The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Organs on Chips supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Organs on Chips market size at regional and country level
- Key industry players and their market share and Organs on Chips market-specific sales/revenue
- Understanding of the Organs on Chips supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Organs on Chips market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Organs on Chips market.
FAQ
Frequently Asked Question
What is the global demand for Organs on Chips in terms of revenue?
-
The global Organs on Chips valued at USD 35.78 Million in 2022 and is expected to reach USD 254.69 Million in 2030 growing at a CAGR of 27.80%.
Which are the prominent players in the market?
-
The prominent players in the market are AxoSim Inc., BiomimX SRL, Elveflow, Emulate Inc., Hurel Corporation, InSphero AG, MIMETAS BV, Nortis Inc., Tara Biosystems Inc., and TissUse GmbH.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 27.80% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Organs on Chips include
- Advancements in Technology
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Organs on Chips in 2022.