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Healthcare’s Next Frontier: The Rise of Organ On A Chip Market 2024 Latest Innovations, Drivers, Dynamics

Healthcare’s Next Frontier: The Rise of Organ On A Chip Market 2024 Latest Innovations, Drivers, Dynamics

Organ On A Chip Market

The Organ On A Chip Market is estimated for 2024 for the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

BURLINGAME, CALIFORNIA , UNITED STATES, June 17, 2024 /EINPresswire.com/ — Market Overview:

Organ on a chip technology simulates human physiology and organs’ functions using microfluidic cell culture techniques, providing scalable platforms that better predict human response to drugs compared to conventional animals models or traditional cell culture models. These platforms integrate micro technology and biology to create living functional human tissues and organs outside a living body for drug development and toxicity testing.

Market Dynamics:

The technological advancements in the development of organ-on-chip technology is estimated to fuel the market growth over the forecast period. Organ-on-chip technology has evolved significantly owing to advancements in microfabrication techniques and cell culture methods. The development of multi-organ on-chip systems that can integrate various organ chips together has opened new avenues. These multi-organ chips better resemble human physiology compared to single organ chips and can provide more accurate predictions of absorption, distribution, metabolism, and excretion of drugs. This in turn is expected to drive their adoption rate amongst pharmaceutical companies for drug development and testing applications.

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Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, a detailed analysis of the competitive landscape, and product services of key players. Analysis of Organ On A Chip companies, key tactics followed by Leading Key Players:

◘ Organovo

◘ Hepregen

◘ Hurel Corporation

◘ Nortis

◘ TissUse

◘ Tara Biosystems

◘ AxoSim

Major Market Driver: Growing Demand for Alternatives to Animal Experimentation in Drug Development

The growing demand for alternatives to animal experimentation in drug development is a major driver fueling growth in the organ on a chip market. Traditional animal experimentation methods are facing increased criticism from animal welfare advocates due to ethical concerns. At the same time, results from animal tests do not always translate effectively to human responses due to biological differences between species. As a result, pharmaceutical and biotechnology companies are under pressure to adopt alternative testing methods that do not rely on animal testing. Organ-on-chip technology offers a promising alternative by creating microfluidic cell culture chips that mimic the physiological responses of actual human organs and organ systems. This allows drug developers to conduct more advanced human-relevant testing earlier in the drug development process without relying on animal testing. The ability to replicate key aspects of human disease and drug responses at an organ-level is expected to significantly improve translational research from pre-clinical to clinical phases of drug development. The need for such human-relevant and animal-free testing methods is a major driver for increasing adoption of organ chips in the pharmaceutical and biotech industries.

Major Market Driver: Growing Focus on Personalized Medicine and Precision Healthcare

Another major driver for the organ on a chip market is the growing focus on personalized medicine and precision healthcare approaches. Traditionally, drug development has relied on testing new molecules on a representative set of the population to identify an average response. However, this one-size-fits-all approach does not account for genetic and molecular variations between individuals that can result in different disease susceptibilities and drug responses. As healthcare moves towards more personalized models based on a patient’s unique molecular profile, there is a need for testing platforms that can replicate individual human variability and precision-tuned organ and disease models. Organ-on-chip platforms are well-suited for developing personalized disease and drug response models by facilitating tests on organ/disease chips representing variations in patient phenotypes. Their use in personalized preclinical testing allows faster identification of patient populations likely to respond to a drug or experience adverse effects. This capability is driving increased utilization of organ chips by pharmaceutical companies and clinical research organizations focusing on precision medicine approaches.

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Major Market Restrain: High Development Costs of Multi-Organ Chips

One significant restraint hampering quicker adoption of organ-on-chip technology is its high development costs, especially for complex multi-organ chips. Designing and fabricating organ chips requires expertise in microfabrication, microfluidics, cell biology and tissue engineering. Significant investment is needed in specialized equipment, materials and skilled workforce to develop organ chip platforms. The costs involved in replicating the complexity of multiple interacting organ systems on a single microfluidic chip further escalates development expenses. Although simpler single organ chips are available commercially, cutting-edge applications requiring disease-on-chip or multi-organ interaction models still rely on in-house custom chip development by larger corporate research organizations. For many small biotech and pharmaceutical companies, investing millions of dollars into developing proprietary organ chip platforms may not represent an optimal cost solution given other available testing methods. High initial capital costs associated with multi-organ chips deters faster real-world uptake, despite their advantages over traditional methods. Considerable effort is still needed to drive down organ chip development and manufacturing costs to encourage broader adoption across different stakeholders.

Major Market Opportunity: Growing Biomedical Research Markets in Asia

The significant growth forecast for biomedical research expenditures in Asia, especially in China and India, presents a promising opportunity for organ-on-chip companies. Both China and India have been making large-scale investments to bolster their life sciences innovation and drug development capabilities as part of their national agenda to become leaders in biopharma and biotech. China’s biomedical R&D spending reached $190 billion in 2022 and is projected to surpass the U.S. figure within this decade, creating huge market potential. At the same time, India’s biomedical science investments have grown at a rapid 15-20% annual pace in recent years. As these Asian countries build extensive preclinical and translational research infrastructure, organ-on-chip platforms are well-positioned to be adopted to advance human-relevant testing paradigms.

The Study Objectives are:

A comprehensive insight into key players operating in the Organ On A Chip Market and their corresponding data.

It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.

Regional analysis, which includes insight into the dominant market and corresponding market share.

It also includes various socio-economic factors affecting the evolution of the market in the region.

The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.

Table of Contents:

Market scenario 2024

Chapter 1: Introduction, Market Driving Force Product Objective of Study and Research Scope the Organ On A Chip market

Chapter 2: Exclusive Summary – the basic information of the Organ On A Chip Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges & Opportunities of the Organ On A Chip

Chapter 4: Presenting the Organ On A Chip Market Factor Analysis, Supply/Value Chain, PESTEL analysis, Market Entry, and Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User, and Region/Country 2024 – 2031

Chapter 6: Evaluating the leading manufacturers of the Organ On A Chip market which consists of its Competitive Landscape, Peer Group Analysis, Market positioning & Company Profile

Chapter 7: To evaluate the market by segments, by countries, and by Manufacturers/Companies with revenue share and sales by key countries in these various regions (2024-2031)

Chapters 8 & 9: Displaying the Appendix, Methodology, and Data Source

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Key Questions Answered:

What is the market size and CAGR of the Organ On A Chip Market during the forecast period?

How is the growing demand impacting the growth of Organ On A Chip Market shares?

What is the growing demand of the Market during the forecast period?

Who are the leading vendors in the market and what are their market shares?

What is the impact of the COVID-19 pandemic on the APAC Organ On A Chip Market?

About Coherent Market Insights

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Mr. Shah
Coherent Market Insights Pvt. Ltd.
+1 206-701-6702
email us here
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Originally published at https://www.einpresswire.com/article/720838736/healthcare-s-next-frontier-the-rise-of-organ-on-a-chip-market-2024-latest-innovations-drivers-dynamics-nortis

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