6503 vmr

Market Synopsis:

Global Organs on Chips Market is valued at USD 28.1 Million in 2021 and is projected to attain a value of USD 125.7 Million by 2028 at a CAGR of 28.1% during the forecast period, 2022–2028. The growing focus on developing alternatives to animal testing models, a significant increase in research funding and venture capital investments for the development of Organs on Chips, technological advancements and new product launches, a growing number of partnerships and collaborations between pharmaceutical companies and organs-on-chips manufacturers, and a growing need for early detection of drug toxicity to minimize financial costs are all driving the growth of Organs on Chips Market.

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Advancements in Technology

Factors driving the Organs on Chips Market include the demand for alternatives to animal testing, the need for early identification of drug toxicity, as well as new product releases and technological breakthroughs. For example, in December 2020, CN Bio and the University of Melbourne worked to enhance respiratory complications therapy using lung-on-a-chip technology in patients who had recovered from COVID-19. 

Market Segmentation:

Global Organs on Chips Market is segmented by Organ Type (Liver, Heart, Lung, and Other Organ Types). Based on Application (Drug Discovery, Toxicology Research, and Other Applications), End User (Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, and Other End Users). Based on Region, the Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Read Full Report: https://www.vantagemarketresearch.com/industry-report/organs-on-chips-market-1247

Key Players:

Some key players operating in the market are Mimetas (Netherlands), Emulate (US), InSphero (Switzerland), Ascendance Bio (US), CN Bio (UK), TissUse (Germany), Kirkstall (UK), HUREL (HUREL) (US), SynVivo (US), AxoSim (US), and Nortis (US).

About the Authors:

Vantage Market Research is a firm dedicated to delivering high-quality data and market research. The firm offers quantitative, high-quality B2B research on over 20,000 emerging markets. The firm provides in-depth reports on a variety of industries, including chemical materials and energy, food and drinks, healthcare, technology, and so on. Every year, the organisation adds more than 1,100 market research papers to its huge database, which employs over 125 analysts and consultants. The company’s customer includes 70% of the Fortune 500 corporations in the world.

 

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