Global Organ-On-Chip Market Industry Size, Global Trends, Market Forecast – 2019-2025

Posted November 5, 2019 by pranshusingh

The Global Organ-On-Chip Market is growing at a significant CAGR during the forecast period. One of the major factors driving the global organ-on-chip industry is rising health issues across the globe.

The Global Organ-On-Chip Market is growing at a significant CAGR during the forecast period. One of the major factors driving the global organ-on-chip industry is rising health issues across the globe. In addition, there is a surge in demand for kidney and lungs-based organ culture instruments globally which is another major factor assisting in the market growth. Organ-on-chip is a 3D microfluidic chip that simulates the mechanical and physiological reactions of an individual organ in the body using a computer chip system, to perform breathing, peristalsis, and treatment procedures. Organ-on-chip plays a leading role in drug discovery and research field, it enables an individual to achieve better precise identification of toxicity and to reduce the risk of drug failure in human clinical trials. Further, the correct imitation of human pathophysiology cannot be guaranteed using traditional animal models. This organ chip comprises an elastic polymer with a hollow microfluid channel, the polymer is usually the size of the computer memory stick.

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Additionally, there is a rise in projects and R&D for further enhancing the existing organ-on-chip technology by the chip organ implementation organizations which are expected to fuel the market growth in the near future. For instance, the Netherlands Scientific Research Organization in 2017, presented its strategies for the country’s organ-on-chip initiative primarily focusing on the advancement and growth of the technology in the country. Further, other major factors driving the market are growing collaborations, mergers, and partnership between healthcare organizations, and rise in capital investments & funding from the government as well as private organization coupled with increasing need to identify drug toxicity early to reduce financial losses suffered by the failure of drugs at last stage. For instance, the Organ-on chip is a relatively young industry. Most of the organ-on-chip companies are startups, coming from laboratories of universities across the globe and are in the early stage of financing. There are very few companies that are commercialized and sell products their products extensively.

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Further, many large healthcare companies including Johnson & Johnson are eagerly trying to cap the market in its early stage with most of the priority in developed economies such as the US, UK, the Netherlands and so on. South Korea, Japan, and Taiwan are expected to fuel the market growth in Asia-pacific with the accelerated pace of R&D of organ-on-chip technology. However, relatively low availability of products that are only for kidney, heart and blood vessels only and difficulty in imitation of extremely complicated human organs is anticipated to hamper the market growth in the coming years. The key market players dominating the global organ-on-chip market include AxoSim Inc., BiomimX SRL, Elveflow, Emulate Inc., and Hurel Corporation. Geographical expansion, merger & acquisition, finding a new market or innovate in their core competency in order to expand individual market share is a key strategy adopted by major market players.

Global Organ-on-Chip Market - Segment
By Organ
• Lung-on-Chip
• Heart-on-Chip
• Kidney-on-Chip
• Others
By Application
• Drug Discovery
• Toxicology Research
• Others (Cosmetic Industry)
• Pharmaceutical and Biotechnology Industry
• Academic and Research Institutes

Global Organ-on-Chip Market – Regional
North America
• United States
• Canada
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America

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Last Updated November 5, 2019