PUBLISHER: Lucintel | PRODUCT CODE: 1437730
PUBLISHER: Lucintel | PRODUCT CODE: 1437730
Organ-on-a-Chip Trends and Forecast
The future of the global organ-on-a-chip market looks promising with opportunities in the pharmaceutical & biotechnology, academic & research institute, and cosmetics markets. The global organ-on-a-chip market is expected to reach an estimated $0.9 billion by 2030 with a CAGR of 27.5% from 2024 to 2030. The major drivers for this market are growing emphasis on creating substitutes for animal testing methods and rising need for personalized medicine.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Organ-on-a-Chip by Segment
The study includes a forecast for the global organ-on-a-chip by type, application, end use, and region.
List of Organ-on-a-Chip Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies organ-on-a-chip companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the organ-on-a-chip companies profiled in this report include-
Organ-on-a-Chip Market Insights
Lucintel forecasts that drug discovery is expected to witness the highest growth over the forecast period due to rising need for new testing techniques to generate reliable predictions of drug safety and effectiveness.
North America will remain the largest region over the forecast period due to rise in the use of high-tech models and the presence of key players in the region.
Features of the Global Organ-on-a-Chip Market
Market Size Estimates: Organ-on-a-chip market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Organ-on-a-chip market size by type, application, end use, and region in terms of value ($B).
Regional Analysis: Organ-on-a-chip market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the organ-on-a-chip market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the organ-on-a-chip market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the organ-on-a-chip market size?
Answer: The global organ-on-a-chip market is expected to reach an estimated $0.9 billion by 2030.
Q2. What is the growth forecast for organ-on-a-chip market?
Answer: The global organ-on-a-chip market is expected to grow with a CAGR of 27.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the organ-on-a-chip market?
Answer: The major drivers for this market are growing emphasis on creating substitutes for animal testing methods and rising need for personalized medicine.
Q4. What are the major segments for organ-on-a-chip market?
Answer: The future of the organ-on-a-chip market looks promising with opportunities in the pharmaceutical & biotechnology, academic & research institute, and cosmetics markets.
Q5. Who are the key organ-on-a-chip market companies?
Answer: Some of the key organ-on-a-chip companies are as follows:
Q6. Which organ-on-a-chip market segment will be the largest in future?
Answer: Lucintel forecasts that drug discovery is expected to witness the highest growth over the forecast period due to rising need for new testing techniques to generate reliable predictions of drug safety and effectiveness.
Q7. In organ-on-a-chip market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rise in the use of high-tech models and the presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.