The Global Organs-on-chips Market 2020-2023 Research Report provides idealistic and determined details of the Organs-on-chips Market, that assist you in promoting ideas with research-based factors. It offers in-depth data, refines variations of the worldwide Organs-on-chips market to help you in deciding the final strategy. The report features a thorough outlook of the market considering profitability, attractiveness, revenue, and CAGR.
The Organs-on-chips Market Research Report also focuses on leading industry Manufacturer with information such as company profiles, products, and services offered financial information throughout 2020 – 2023
- AxoSim Inc.
- Emulate Inc.
- Hurel Corporation
- InSphero AG
- Mimetas BV
- Nortis Inc.
- Tara Biosystems
- and TissUse GmbH
The Organs-on-chips Market Report offers an accurate financial assessment of each leading Competitor based on their business data that includes estimation of gross margin, Organs-on-chips Market sales volume, profitability, pricing erection, product value, cost structure, revenue, and growth rate.
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Summary of Organs-on-chips Market:
The organs-on-chips market is projected to witness a CAGR of more than 30% during the forecast period (2020-2023). An organ-on-chip (OOC) is also called a multi-channel 3-D microfluidic cell culture chip. It is a type of artificial organ that stimulates the activity, mechanics, and physiological response of entire organs and organ systems. The size of an OOC is about that of an AA battery and its transparency allows to see the organ’s functionality, behavior, and response, at the cellular and molecular levels.
Requirement of Alternatives for Animal Testing
A huge amount is spent on animal research and leads to numerous animal losing their lives, and these clinical trials often fail to predict human responses, as traditional animal models often do not accurately mimic human pathophysiology. Experiments on the animal are always considered cruel, expensive, and generally inapplicable to humans. According to animal welfare act (AWA) regulations, 2009, around 1,131,076 animals were used, which excludes birds, mice of the genus Mus, and rats of the genus Rattusbred for use in research. According to the US Department of Agriculture in 2015, it was estimated that around 750,000 animals were used in or held for experiments, nationwide. In Canada, in 2015, more than 3.5 million animals were used in experiments, and in the European Union, in 2011, around 11.5 million animals, including mice, rats, and fish, were used in the experiments. As per an article “Alternatives to animal testing: current status and future perspectives”, 2011, the percentage of animals that were used in basic science was 33%, research and development was 31%, and production and quality control for medical products, substances, or devices was 15%. A total of around 51% of animal studies were used for testing medical products, substances, or devices. The animals are mostly used for the evaluation of products or substances such as animal feed, foods, cosmetics, chemicals and pesticides, and household items. Around 57% of the total animal studies are related to animal and human diseases. The usage of animals has increased year-on-year, this is mostly related to the increased number of the toxicology studies. Most of the research studies suggest that the reliability, accuracy, and relevance of their results are questionable and subject to vastly differing interpretations. With opposition from animal protection acts and international organizations on the usage of the animals, it has become crucial to look for alternatives to animal testing. OOC is one of the most effective alternatives, and hence, is expected to be a better replacement for animal testing in the future, leading to the growth of the market.
Other factors, such as the need for early detection of drug toxicity, new products launches, and advancements in technology are additionally helping in propelling market growth.
The complexity of Organs-on-Chips Models
Although OOCs is considered to be a promising technology, creating an OOC is a difficult process. The major challenge is that of reproducing the architectural complexity of the human tissues and organs in vitro in a miniaturized fashion and arranging them in interconnected systems to recapitulate human tissue/organ interactions. The behaviors of the OOC and interpretation of the results are some other challenges faced. However, scientists are working to incorporate various sensors into standalone OOC systems. This is expected to help in monitoring various behaviors, such as pH, oxygen, and temperature. With the increasing complexity of OOC models, the price of the system also increases, thus becoming a restraint for its adoption over existing technologies. Another factor that rises with the complexity of the models is the requirement of skilled professionals needed to understand and analyze data from the OOC. However, as the technology is recently developed, not many have experience handling OOCs. The lack of the skilled professionals is another main restraint to the growth of the market.
North America to Dominate the Market
The organs-on-chips market has been segmented into five major regions, viz., North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Driven by the developed market of the United States, North America dominated the organs-on-chips market in 2017, due to factors such as support from government bodies and advantages of OOCs. Furthermore, with the increasing use of animals and R&D costs, the governments, as well as companies, are looking for alternative techniques, such as OOC, for drug discovery and toxicological studies.
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Reasons to Purchase this Report
The Organs-on-chips Market 2020-2023 Analysis objectives of the report are:
- To analyze Organs-on-chips Market regarding growth trends, anticipation and also their participation in the entire sector.
- To equitably share in-depth info regarding the vital elements influencing the increase of industry (growth capacity, probability, drivers and industry-specific challenges and risks).
- To know the Organs-on-chips Market by distinguishing its many sub-segments.
- To examine and study the market size (volume & value) from the company, essential regions/countries, products and application, background information from 2013 – 2020 and also prediction to 2023.
- To profile the Leading players in the industry and analyze their growth plans.
- To venture the amount and value of sub-markets, depending on key regions.
- Primary worldwide Antifouling Paints and Coatings Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis, and development plans next coming years.
- To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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The growth of this market worldwide is subjected to various factors; including consumer world-class Organs-on-chips Market of many Organs-on-chips Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, Organs-on-chips Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Organs-on-chips Market competitors.
Mr. Ajay More
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