About Human Organoids
Human Organoids are small or mini human three-dimensional tissues made up of stem cells. These tissue cultures can be generated into any human tissue. Certain Companies and Scientists have been successful in generating miniature organs composed of many cells which are made up of stem cells in the perfect environment. The size of miniature organs and tissues may vary. Organoids also reduce the time cycle of new drug discovery. They allow researchers to design targeted drugs for their performance according to specific individual needs. To date, Scientists and Researchers have been successful in developing Brain, Liver, Stomach, Kidney, and Retina as major organoids along with other organoids. Although establishing global standards for human organoids and practices remains a major challenge. Setting a perfect environment for further advancement also remains a major constraint for the growth of the market of human organoids. Currently, North America is the most dominant major market of human organoids, followed by Europe and Asia Pacific respectively.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
Sigma-Aldrich, Inc. (United States), Thermo Fisher Scientific (United States), TEMCELL Technologies Inc. (Canada), Organovo (United States), BioIVT (United States), 3D Biomatrix, Inc. (United States), Biopredic International (France), Kaly-Cell (France), InSphero AG (Switzerland) and 3D Biotek LLC (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 Cyfuse Biomedical (Japan), Promethera Biosciences (Belgium) and Pandorum Technologies (India).
Segmentation Overview
AMA Research has segmented the market of Global Human Organoids market by Type (Brain Organoids, Kidney Organoids, Lung Organoids, Intestine Organoids, Liver Organoids and Others), Application (Study of Infection Biology, Genetic Engineering, Pathology, Drug Designing, Therapeutic Tools and Others) and Region.
On the basis of geography, the market of Human Organoids 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. Clinical Research Organization will boost the Human Organoids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Components , the sub-segment i.e. Reagents will boost the Human Organoids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Neural Organoid or Brain Organoid are Widely Produced and Studied
Market Growth Drivers:
Increasing Investment in Research and Development of New Drugs Development, Growing Prevalence of Infectious Diseases and Rising Popularity Alternatives of Animal Testing Models
Challenges:
The Human Organoids are Still in the Early Stages of Development and Suspicions in Patients while giving consent to his/her Cell Organoid Generation
Restraints:
Lack of Global Standardization of Human Organoids and The Development of Human Organoids is Relatively Expensive
Opportunities:
Possibility of Personalised Drug Solutions and Advancement in Tissue Engineering, Drug Discovery, and Regenerative Medicine is Possible through Human Organoids Development
Market Leaders and their expansionary development strategies
In 2020, Cancer Genetics, Inc., a US-based one of the market leaders in drug discovery and oncology services announced the acquisition of Human Organoids development startup StemoniX, Inc., and the merger of the same with its subsidiary specializing in Organoid development. The acquisition will accelerate Cancer Genetics human induced pluripotent stem cell-derived neural and cardiac organoid development along with saving both time and capital for new drug discovery.
In July 2019, Organovo presented information and data about its company and the production of stem cell-based kidney tissue at the 2019 International Society for Stem Cell Research Annual Meeting in the United States.
Human Organoids and Similar Human Tissue Development are regulated under 21 CFR Parts 1270 and 1271 of The Center for Biologics Evaluation and Research, which is an organization under the US FDA
Key Target Audience
Human Organoids Producers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
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.