Global Organ-on-Chip market will reach 155.8 million US$ by the end of 2024

Publisher: QYResearch
Published Date: 2019/9/23

According to the report, global revenue for Organ-on-Chip market was valued at $ 21.08 million in 2018, and is expected to generate revenue of $ 155.8 million by end of 2024, growing at a CAGR of 39.86% between 2019 and 2024.

The Organ-on-Chip industry is relative concentrated, in the report the 12 companies accounted for 70% of the market share in 2018. Of the major players of Organ-on-Chip, Emulate maintained its world’s largest position. Emulate accounted for 13% of the global Organ-on-Chip revenue market share in 2018. Other players accounted for 87%.

In this study, the market for Organ-on-Chip consumption divided into four geographic regions. In terms of value, North America accounted for 41% of global Organ-on-Chip market share, in the Europe 38%, in other regions 21%. Among all regions, US occupied the largest market share, on account of abundant availability of advanced technology.

Overall, Organ-on-Chip is a fledgling industry. Most companies come from university laboratories and are in the stage of financing. Very few companies are commercialized and sold on a large scale. Although most of the companies trying to enter the industry are start-ups, many large companies (such as Johnson & Johnson) are eager to try because of their wide range of applications, including pharmaceuticals, cosmetics, agriculture, food and so on. The United States, UK, the Netherlands and France have given priority to occupying most of the markets. Relatively speaking, the overall market in Asia is relatively blank. It is expected that South Korea, Japan and Taiwan will accelerate the pace of research. Product types are still mainly concentrated in the liver, kidney, heart, blood vessels and so on. The company will continue to expand the scope of research, such as bone, muscle, nerve, skin and other organs.

Click to view the full report:
https://www.qyresearch.com/index/detail/795311/global-organ-on-chip-industry-research-report-growth-trends-and-competitive-analysis-2018-2025
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