Organ-on-Chip Market Portrays High-End Demand across Major Geographies & to Hit $ 170 million by 2023
October 14, 2021
key players in market Emulate, Inc., AxoSim Technologies LLC, CN Bio Innovations, Hurel Corporation, Ascendance Biotechnology, Inc., Insphero AG, Mimetas B.V
Organ-on-Chip Market by Type (Heart-on-chip, Human-on-chip, Intestine-on-chip, Kidney-on-chip, Liver-on-chip, and Lung-on-chip) - Global Opportunity Analysis and Industry Forecast, 2017-2023”NE WIN SIVERS DRIVE, PROVINCE: - PORTLAND, UNITED STATES, October 14, 2021 /EINPresswire.com/ -- According to the report by Allied Market Research, titled, "Organ-on-Chip Market by Type (Heart-on-chip, Human-on-chip, Intestine-on-chip, Kidney-on-chip, Liver-on-chip, and Lung-on-chip) - Global Opportunity Analysis and Industry Forecast, 2017-2023." The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
— Allied Market Research
North America was the highest revenue contributor in the global market in 2016, as advancements in cell biology, microfabrication, and microfluidics have led to the development of OOCs. In addition, rise in demand for lung- and kidney-based organ culture devices is expected to boost the market growth. Asia-Pacific is anticipated to witness a significant growth rate during the forecast period, owing to an increase in research activities.
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In 2016, the lung-on-chip segment accounted for the highest share in the market, while the heart-on-chip segment is anticipated to witness the highest growth rate from 2017 to 2023, owing to an increase in applications of organ-on-chip devices for the cure of several cardiac diseases such as heart failures.
Comprehensive competitive analysis and profiles of major market players, such as
The key players profiled in the study are Emulate, Inc., AxoSim Technologies LLC, CN Bio Innovations, Hurel Corporation, Ascendance Biotechnology, Inc., Insphero AG, Mimetas B.V, Nortis Inc., Organovo Holdings, Inc., and Tara Biosystems. These players have adopted various competitive strategies such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations to strengthen their foothold in the market.
Key Benefits For Stakeholders
The study provides an in-depth analysis of the Organ-on-Chip Market along with the current trends and future estimations to elucidate the imminent investment pockets.
It offers Organ-on-Chip Market analysis from 2017 to 2023, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
A comprehensive analysis of four regions is provided to determine the prevailing opportunities.
The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global Organ-on-Chip Market growth.
Detailed COVID-19 Impact Analysis on Market: https://www.alliedmarketresearch.com/request-for-customization/2555?reqfor=covid
Table of Content
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. RESEARCH METHODOLOGY
1.3.1. Primary research
1.3.2. Secondary research
1.3.3. Analyst tools and models
1.3.4. Market segmentation
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.2.3. Top impacting factors
126.96.36.199. Surge in application of organ-on-chip devices in the healthcare sector
188.8.131.52. Increase in demand for organ-on-chip in drug screening
184.108.40.206. Rise in demand for lung- & kidney -based organ culture devices
220.127.116.11. High cost of organ-on-chip devices
18.104.22.168. Nascent stage in R&D pertaining to OOCs
22.214.171.124. Increase in research activities on organ-on-chip devices
3.3. PORTER’S FIVE FORCES
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry
3.4. MARKET PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS
126.96.36.199. Surge in application of organ-on-chip devices in the healthcare sector
188.8.131.52. Increase in demand for organ-on-chips in drug screening
184.108.40.206. Rise in demand for lung- & kidney-based organ culture devices
220.127.116.11. High costs of organ-on-chip devices
18.104.22.168. Nascent stage in R&D pertaining to OOCs
22.214.171.124. Increase in research activities on organ-on-chip devices
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.