Global Organ on a Chip Market By Organ (Heart-on-chip, Human-on-chip, Intestine-on-chip, Kidney-on-chip,
Liver-on-chip, Lung-on-chip) and Region - Global Forecast to 2024
Organ on a chip is defined as
microfluidic 3D cell culture devices. Organ on a chip mimic the activities,
mechanics and physiological response of entire organs. Organ on a chip are
usually transparent, flexible and the size of the chip is almost the computer
memory stick. It is also known as biomimetic microsystem.
Market Size and Forecast
The global organ on a chip market is
expected to grow at a robust growth over the forecast period i.e. 2017-2024. Further,
growing prevalence of chronic diseases such as heart failure, respiratory
disease and others are envisioned to bolster the growth of organ on a chip
market across the globe. Further, rising awareness among the population towards
healthcare devices is believed to foster the demand for organ on a chip.
On the basis of organs, the global
organ on a chip market is segmented into heart-on-chip, human-on-chip,
intestine-on-chip, kidney-on-chip, liver-on-chip and lung-on-chip. Further,
lung-on-chip is expected to project a highest CAGR by the end of 2024.
In terms of regional platform, the
most prominent regional markets are North America and Europe. North America
region is expected to dominate the market during the forecast period aided by
U.S. Additionally, rising technological advancement and increasing research and
development activities related with organ on a chip are believed to bolster the
growth of organ on a chip market in this region. Moreover, presence of major
key players of organ on a chip in North America region is also predicted to
bolster the growth of organ on a chip
market over the forecast period.
For Sample Pages please go
through link below:
Europe region accounted the second
largest market of organ on a chip in terms of revenue in 2016. Additionally,
rising demand for healthcare devices and growing adoption of advanced
healthcare technology are believed to foster the growth of organ on a chip
market. Asia-Pacific region is the fastest growing organ on a chip market
during the forecast period. Likely, rising number of population affected with
chronic diseases along with increasing government investment for better
healthcare facilities are projected to flourish the growth of organ on a chip
market in this region.
Market Segmentation
Our in-depth analysis segmented the
global organ on a chip market in the following segments:
By Organ
·
Heart-on-chip
·
Human-on-chip
·
Intestine-on-chip
·
Kidney-on-chip
·
Liver-on-chip
·
Lung-on-chip
By Region
Global organ on a chip market is
further classified on the basis of region as follows:
·
North America (U.S. & Canada)
Market size, Y-O-Y growth & Opportunity Analysis
·
Latin America (Brazil, Mexico, Rest
of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
·
Europe (U.K., Germany, France,
Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe)
Market size, Y-O-Y growth & Opportunity Analysis
·
Asia-Pacific (China, India, Japan,
Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth
& Opportunity Analysis.
·
Middle East and Africa (GCC, North
Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth
& Opportunity Analysis
Growth Drivers and Challenges
Factors such as rising healthcare
expenditure across the globe and increasing death rate due to chronic diseases
are believed to be the dynamic factor behind the rapid growth of organ on a
chip market. Further, rising research and development activities by major key
players to enhance the healthcare infrastructure is envisioned to foster the
growth of organ on a chip market by the end of 2024. Likely, advancement in
healthcare devices and increasing rate of organ transplant are expected to
boost the demand for organ on a chip.
Moreover, favorable government
initiatives regarding healthcare infrastructure in developing and
underdeveloped nation and rapid urbanization are anticipated to elevate the
organ on a chip market. Additionally, positive GDP growth of developed and
developing nations such as U.S., China and others and growing adoption of
innovative technology to cure chronic disease are predicted to fuel the growth
of organ on a chip market.
However, high cost associated with
organ on a chip and lack of adoption of innovative technology in underdeveloped
nations is believed to hamper the growth of organ on a chip market by the end
of 2024.
Key players
The major key players for organ on a
chip market are as follows
·
Emulate, Inc.
o
Company Overview
o
Key Product Offerings
o
Business Strategy
o
SWOT Analysis
o
Financials
·
AxoSim Techologies LLC
·
CN Bio Innovations Ltd.
·
HµREL Corporation
·
Hepregen Corporation
·
InSphero AG
·
MIMETAS B.V
·
Nortis Inc.
·
TARA Biosystems, Inc.
·
TissUse GmbH
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global organ on a chip market is
segmented as follows:
·
By Organ Market Size & Y-O-Y
Growth Analysis
·
By Region Market Size & Y-O-Y
Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis)
and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and
Challenges
Key Information for Players to
establish themselves in current dynamic environment
To Know More About This Research,
Kindly Visit: http://www.researchnester.com/reports/organ-on-a-chip-market-global-demand-analysis-opportunity-outlook-2024/479
Article Source:-http://www.researchnester.com/blog/global-organ-chip-market-2016-2024-research-nester/
Name:- Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
No comments:
Post a Comment