About Heart-on-a-chip
Increasing Focus on Drug Discovery Activities will help to boost the global market in the forecasted period. A heart on a chip is a cell culturing microfluidic device to create a highly controlled environment to mimic the natural habitat of the heart cells. A heart-on-chip is a microfluidic chip reproducing the mechanisms of a heart, in order to test medicine quickly and observe the reaction of heart cells. Great care is given to mimic the mechanics of a heart in an artificial structure, lined with live heart cells. According to the World Health Organization, cardiovascular diseases are the leading cause of death worldwide. In 2008, there were an estimated 17.3 million deaths due to cardiovascular diseases. This means that around 30% of the people who died in 2008 died because of heart failure. Moreover, cardiotoxicity is one of the leading causes of drug withdrawals.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Heart-on-a-chip market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mimetas (Netherlands), Emulate (United States), InSphero (Switzerland), Ascendance Bio (United States), CN Bio (United Kingdom), TissUse (Germany), Kirkstall (United Kingdom), HUREL (HUREL) (United States), SynVivo (United States) and AxoSim (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Nortis (United States).
Segmentation Overview
AMA Research has segmented the market of Global Heart-on-a-chip market by Type (Children Heart-on-a-chip and Adult Heart-on-a-chip), Application (Pharmaceutical & Biotechnology Companies, Academic & Research Institutes and Other End Users) and Region.
On the basis of geography, the market of Heart-on-a-chip has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Technological Advancements and New Products Launches and Growing Number of Partnerships and Collaborations Between Pharmaceutical Companies and Heart-on-Chips Manufacturers
Market Growth Drivers:
Significant Increase in Research Funding and Venture Capital Investments for the Development of Heart-on-Chips
Challenges:
The complexity of Organs-on-Chips Models and The dearth of Skilled Professionals
Restraints:
Issues Related to the Incorporation of Organs-on-Chips Technologies Into Existing Workflows
Opportunities:
Increasing Focus on Drug Discovery Activities and Application of Heart-on-Chips in Oncology Research
In February 2024, NIST has developed a system that mimics humanlike models for studying cardiovascular disease. Heart-on-a-chip aligns with national efforts to move away from animal testing in drug development. The organ-on-a-chip suite, which includes heart-on-a-chip, helps ensure safer, faster and more precise drug development.
Key Target Audience
Government Regulatory Bodies, Government research Organization, Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.