PUBLISHER: Allied Market Research | PRODUCT CODE: 1140267
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140267
The global organoids and spheroids market was valued at $516.56 million in 2021 and is projected to reach $1,179.96 million by 2031, registering a CAGR of 8.5% from 2022 to 2031. Organoids are 3D cell cultures most frequently grown on a scaffold-based system. Organoids are normally derived from a single adult stem cell or embryonic stem cell. They can also be produced from induced pluripotent stem cells such as skin or blood cells. Spheroids are 3D cell cultures that are grown on a scaffold-free system. They consist of cell aggregates generated from a single cell type or from a multicellular mixture of cells. Spheroids can be established from immortalized cell lines, primary cells, or fragments of human tissue.
The key factors that drive the growth of the market are an increase in the adoption of personalized medicines, growth in investments toward R&D activities and a shift in preference toward organoids 3D cell cultures for cancer research are the major factors that boost the growth of the organoids and spheroids market. Moreover, an increase in product development by pharma & biotech companies propels the growth of the market. For instance, Corning Incorporated launched HTS Transwell tissue culture systems and spheroid microplates for high-throughput culturing, which will help in cell tissue culturing and help in the development of cell-based therapies or personalized medicines.
However, higher implementation cost hampers the market growth. Conversely, technological advancements and emerging healthcare market in developing countries is expected to provide a lucrative opportunity during the forecast period.
The organoids and spheroid market are segmented on the basis of type, method, end user, and region. By type, it is segmented into organoids and spheroids. On the basis of method, it is segmented into extracellular matrix scaffold method, spinning bioreactor method, hanging drop method, low adherent culture plate method, magnetic levitation method, and others. By end user, it is segmented into biotechnology and pharmaceutical industries, academic & research institutes, hospitals, and diagnostic centers. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America accounted for a majority of the organoids and spheroid market share in 2021 and is anticipated to remain dominant during the forecast period. Owing to the increase in the healthcare expenditure of this region and the presence of significant players in the country and the strategies they adopt for their product development.
Asia-Pacific was the second largest contributor to the market in 2021 and is expected to register the fastest CAGR during the forecast period, owing to a rise in the prevalence of cancer and an increase in demand of cell tissue culturing techniques.
The key players that operate in the organoids and spheroid market are AMS Biotechnology Limited, ATCC, 3D Biotek LLC, 3Dnamics Inc., Cellesce Ltd., Corning Inc, DefiniGEN Ltd, Greiner AG, Hubrecht Organoid Technology, InSphero AG, Lonza, Merck KGaA, PeproTech Inc., Perkin Elmer Inc, Prellis Biologics, STEMCELL Technologies Inc. and Thermofisher Scientific Inc.
Key Benefits For Stakeholders
Key Market Segments
By Type
By Method
By End User
By Region