Organs on Chip Market - Forecasts from 2023 to 2028

The organs-on-chip market was valued at US$74.827 million in 2021 and is projected to expand at a CAGR of 26.72% over the forecast period to reach US$392.621 million by 2028.

An organ-on-a-chip (OOC) is a functional microchip housing living cells that have the possibility of simulating the activities, mechanics, and physiological response of entire organs and organ systems, a type of artificial organ. Each organ-on-chip is about the size of a coin and contains microfluidic channels, which are lined by living human cells and interfaced with a human artificial vasculature. The organs-on-chip market has been on a steady growth pace because of the rising need for effective drug discovery and development, increasing demand for alternatives for animal models in research, increasing drug repurposing approaches, and government regulations and grants for the research. The increasing research and funding for the development of the organ-on-chip model, along with the demand for personalized medication and vast application of the chip, such as disease modelling, patient stratification, and phenotypic screening, has also led to market growth.

However, the high cost of the chip and the complexities of mimicking human organs pose a challenge for the growth of the market to continue. Therefore, the key players and researchers are doing agreements and joint ventures and increasing the fund for doing research and developing innovative and new products.

This research study examines the organs-on-chip market based on various segments: type, application, offerings, end-user, and geography. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model comprehensively analyzes the organs-on-chip industry. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.

The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the organs-on-chip market. Moreover, the research study analyzes the overall regulatory framework of the organs-on-chip sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.

Organs-on-chip Market – Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.

The scope and coverage of the organs-on-chip market report is as below:

• Organs-on-chip market data tables and charts
• Market outlook with sections on drivers, restraints, Porter’s, and industry value chain analysis
• Market assessment by type into liver, kidney, lung, heart, and others.
• Detailed market trends, analysis, and graphical representation by application into drug discovery, toxicity testing, and physiological model and by offering into products and services.
• In-depth analysis of the organs-on-chip market byend-user into research institutes and pharmaceutical companies.
• A 360oview of the demand for organs-on-chip solutions/services across different geographies (Americas, Europe, Middle East and Africa, and Asia Pacific) with further breakdown for key countries within those regions.

Different segments covered under the organs-on-chip market report are as below:

By Type

• Liver
• Kidney
• Lung
• Heart
• Others

By Application

• Drug Discovery
• Toxicity Testing
• Physiological Model

By Offering

• Products
• Services

By End-User

• Research Institute
• Pharmaceutical Companies

By Geography

• Americas
• USA
• Others
• Europe, Middle East, and Africa
• Germany
• United Kingdom
• Others
• Asia Pacific
• China
• Japan
• South Korea
• Others