What is Organ On Chip?
The Organ on chip is manufactured to precisely recreate the mechanical forces and natural physiology that cells experience in the human body. Organ on chip are lined with living human cells and their tiny fluidic channels reproduce blood and air flow just as in the human body. Organ on chip provides a novel in vitro platform with a possibility of reproducing physiological functions of in vivo tissue, more accurately than conventional cell-based model systems, this has led to significant growth in the forecast period.
The market study is broken down by Type (Liver, Heart, Lung and Other), by Application (Drug Discovery, Toxicology Research and Other) and major geographies with country level break-up. and may see market size of USD5.94 Billion by 2026.
The global organ-on-chip market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. The presence of significant market players, increasing the overall competitive rivalry in the market. Product advancements and improvements in the organ-on-chip platforms by the major players are increasing the competitive rivalry. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Organ On Chip market throughout the predicted 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.
AxoSim Inc. (United States), BiomimX SRL (Italy), Emulate Inc. (United States), Elveflow (France), Hurel Corporation (United States), Nortis, Inc. (United States), TARA Biosystems, Inc. (United States), TissUse GmbH (Germany), InSphero AG (Switzerland) and MIMETAS BV (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Organ On Chip market by Type, Application and Region.
On the basis of geography, the market of Organ On 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). If we see Market by End User, the sub-segment i.e. Pharmaceutical and Biotechnology Companies will boost the Organ On Chip market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 13th November 2018, During the third International Organ-on-Chip Symposium, held in November 2018, the European Organ-on-Chip Society (EUROoCS) was officially launched. The purpose of the Society is to encourage and develop Organ-on-Chip research, and to provide and opportunities to share and advance the knowledge and expertise in this field towards better health for everyone.
Market Trend
- Rising Scientific Knowledge and Modern High-Tech Advancements
- in Micro- and Nano-scales Fabrication Technologies
Market Drivers
- Growing Requirement of Alternative for Animal Testing Globally
- Increasing Demand for Early Detection of Drug Toxicity
Opportunities
- Rising New Products Launches and Advancements in Technology and Research
Restraints
- Rising Complexity of Organ-on-chip Models
Key Target Audience
Organ On-Chip Manufacturers, Pharmaceuticals Industries, Healthcare Research Institutes, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.