Lucintel Forecasts the Global Organ-On-A-Chip Market to Reach $0.9 billion by 2030
https://www.lucintel.com/organ-on-a-chip-market.aspx
According to a market report by Lucintel, the future of the global organ-on-a-chip market looks promising with opportunities in the pharmaceutical & biotechnology, academic & research institute, and cosmetics markets. The global organ-on-a-chip market is expected to reach an estimated $0.9 billion by 2030 with a CAGR of 27.5% from 2024 to 2030. The major drivers for this market are growing emphasis on creating substitutes for animal testing methods and rising need for personalized medicine.
A more than 150 — page report is developed to understand Trends, opportunity and forecast in organ-on-a-chip market to 2030 by type (liver-on-a-chip, kidney-on-a-chip, lung-on-a-chip, heart-on-a-chip, and others), application (physiological model development, drug discovery, toxicology research, and others), end use (pharmaceutical & biotechnology, academic & research institutes, cosmetics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, physiological model development, drug discovery, and toxicology research are the major segments of organ-on-a-chip market by application. Lucintel forecasts that drug discovery is expected to witness the highest growth over the forecast period due to rising need for new testing techniques to generate reliable predictions of drug safety and effectiveness.
Within this market, pharmaceutical & biotechnology will remain the largest segment due to growing use of organ-on-a-chip to speed up the discovery and development of new drugs.
Download sample by clicking on organ-on-a-chip market
North America will remain the largest region over the forecast period due to rise in the use of high-tech models and the presence of key players in the region.
Mimetas, Emulate, InSphero, Ascendance Bio, CN Bio, TissUse, Kirkstall, HUREL, SynVivo, and AxoSim are the major suppliers in the organ-on-a-chip market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1–972–636–5056 or write us at helpdesk@lucintel.com
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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