Organs-on-chips Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0187359
  • Format: Electronic (PDF)
  • Number of Pages: 212
  • Author(s): Joshi, Madhavi

Report Overview

The Organs-on-chips Market size was estimated at USD 1.05 billion in 2023 and is projected to reach USD 2.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.00% during the forecast period (2024-2030).

Organs-on-chips Market

(Market Size)
$1.05 billion
$2.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 13.00%
2023 Market Size USD 1.05 billion
2030 Market Size USD 2.5 billion
Key Players Emulate, Mimetas, CN Bio, TissUse, Nortis

Market Summary

The organs-on-chips market represents a transformative segment within the biotechnology industry, focusing on the development and utilization of microfluidic cell culture devices that simulate the activities, mechanics, and physiological responses of entire human organs and organ systems. These innovative chips are designed to replicate the microarchitecture and functions of living human organs, providing a more human-relevant platform for various applications compared to traditional 2D cell cultures or animal models. The technology is gaining significant traction due to its potential to revolutionize drug discovery, toxicity testing, and disease modeling by offering more predictive and accurate data on human responses. The market is characterized by intensive research and development activities, with numerous academic institutions, research organizations, and pharmaceutical and biotechnology companies actively investing in and adopting this technology. The growing emphasis on reducing animal testing, coupled with the need for more efficient and cost-effective drug development processes, is a primary factor propelling market growth. These chips are increasingly being used to create human-on-chip models, which aim to mimic interconnected organ systems for studying complex biological interactions and systemic responses. The market is evolving rapidly, with continuous technological advancements enhancing the functionality, reproducibility, and scalability of these devices, making them more accessible and applicable across a broader range of research and industrial applications.

Key Highlights

The organs-on-chips market is distinguished by several key highlights that underscore its significance and potential impact on the biotechnology and pharmaceutical sectors. A paramount highlight is the technology's ability to provide a more physiologically relevant human model for research, which can lead to more accurate predictions of drug efficacy and toxicity, potentially reducing late-stage drug development failures. The integration of advanced microengineering techniques with cell biology has enabled the creation of sophisticated chips that can mimic the dynamic microenvironments of human organs, including vascular flow, mechanical forces, and tissue-tissue interfaces. Another critical highlight is the growing adoption of these platforms by major pharmaceutical companies and contract research organizations to streamline their research and development pipelines, improve productivity, and comply with the increasing regulatory and ethical pressures to minimize animal testing. The market is also witnessing a trend towards the development of multi-organ chips or human-on-a-chip systems, which can simulate the interactions between different organs, offering unprecedented insights into systemic drug effects and disease mechanisms. Furthermore, significant funding from government agencies and private investors for research in this field is accelerating innovation and commercialization. The presence of key players like Emulate, Inc., Mimetas, and CN Bio Innovations, who are continuously launching advanced products and forming strategic collaborations, is a testament to the market's dynamism and growth trajectory.

Drivers, Opportunities & Restraints

The growth of the organs-on-chips market is propelled by a confluence of powerful drivers. A primary driver is the pressing need within the pharmaceutical industry to enhance the drug discovery and development process, which is often plagued by high costs, lengthy timelines, and a high attrition rate of drug candidates during clinical trials. Organs-on-chips offer a promising solution by providing more predictive human-relevant data early in the development process, potentially saving billions of dollars and accelerating the time-to-market for new therapies. The increasing ethical concerns and stringent regulatory guidelines regarding animal testing are also significant drivers, pushing researchers and companies towards alternative testing methods. Furthermore, the rising prevalence of chronic diseases and the subsequent demand for personalized medicine are creating a fertile ground for the adoption of these personalized in vitro models. The market presents substantial opportunities, particularly in the expansion of applications beyond pharmaceutical testing into areas such as disease modeling, personalized medicine, and environmental toxicology. The development of more complex multi-organ systems and the integration with other technologies like artificial intelligence for data analysis represent significant growth avenues. However, the market growth is not without its restraints. The high cost associated with the development and acquisition of organs-on-chips technology can be a barrier to widespread adoption, especially for smaller research entities. Technical challenges related to the scalability, reproducibility, and standardization of these complex models also pose significant hurdles. Additionally, the lack of universally accepted validation standards and regulatory frameworks specifically for data generated from these platforms can slow their integration into mainstream regulatory decision-making processes.

Concentration Insights

The competitive landscape of the organs-on-chips market is characterized by a concentration of innovative startups and established biotechnology firms, primarily located in North America and Europe. The market, while still emerging, shows signs of consolidation as larger life science companies are increasingly acquiring or partnering with specialized technology developers to gain access to this disruptive platform. Key players such as Emulate, Inc., TissUse GmbH, Mimetas, and CN Bio Innovations have established a strong foothold through their proprietary technologies and strategic collaborations with pharmaceutical giants and academic consortia. These leading companies are focusing intensely on research and development to enhance the functionality of their chips, expand their organ model portfolios, and improve user-friendliness. The concentration of intellectual property is also notable, with these players holding crucial patents related to microfluidic designs, cell sourcing, and imaging techniques. While the entry barrier is high due to the interdisciplinary expertise required in biology, engineering, and material science, the market also sees active participation from numerous academic research groups that often spin off into new ventures, contributing to a vibrant and innovative ecosystem. This blend of established players and agile startups creates a dynamic environment focused on technological advancement and market expansion.

Type Insights

The organs-on-chips market is segmented based on the type of organ models being developed and commercialized. A wide array of organ-specific chips is available, each designed to mimic the unique structure and function of different human organs. Among the most prominent types are liver-on-chip models, which are extensively used for hepatotoxicity testing and metabolism studies due to the liver's central role in drug processing. Lung-on-chip models are another significant category, designed to replicate the alveolar-capillary interface and are crucial for studying respiratory diseases, drug delivery, and environmental pollutant effects. Heart-on-chip models that simulate cardiac tissue contractility and electrophysiology are gaining traction for cardiotoxicity screening. Other key types include kidney-on-chip models for nephrotoxicity and filtration studies, intestine-on-chip models for absorption and gut microbiome research, and brain-on-chip models for neurotoxicity and neurological disorder modeling. The development of multi-organ chips, which fluidically link several organ models together on a single platform, represents the cutting edge of this technology. These systems aim to recapitulate human physiology more holistically by studying inter-organ communication and systemic responses, thereby providing a more comprehensive tool for pharmacokinetic and pharmacodynamic studies in drug development.

Application Insights

The applications of organs-on-chips technology are diverse and expanding rapidly, primarily centered around the pharmaceutical and biotechnology industries. The most significant application is in drug discovery and development, where these chips are used for high-throughput screening of drug candidates, assessing their efficacy, and, crucially, their toxicity profiles in a human-relevant context. This application is vital for reducing the high failure rates in clinical trials. Toxicity testing is another major application area, providing a more ethical and often more accurate alternative to animal testing for evaluating the safety of chemicals, cosmetics, and pharmaceuticals. Beyond these, organs-on-chips are increasingly being utilized for disease modeling, where researchers can create in vitro models of various human diseases, such as cancer, fibrosis, or inflammatory conditions, to study disease mechanisms and identify potential therapeutic targets. The field of personalized medicine is also emerging as a key application, where patient-derived cells can be used to create personalized organ models for tailoring treatments and predicting individual responses to therapy. Furthermore, these chips are finding use in basic biological research to study organ development, tissue-tissue interactions, and host-pathogen responses in a controlled microenvironment.

Regional Insights

The adoption and development of organs-on-chips technology exhibit distinct regional patterns, with North America currently holding a dominant position in the global market. This leadership is largely attributed to the presence of a robust biotechnology and pharmaceutical sector, substantial government and private funding for innovative research, and a high concentration of leading market players and prestigious research institutions in the United States and Canada. Supportive regulatory policies and a strong focus on reducing animal testing further bolster the market in this region. Europe follows closely, characterized by significant research activities, particularly in countries like Germany, the United Kingdom, and the Netherlands. The European market is also driven by stringent regulations against animal testing for cosmetics and a well-established framework for alternative testing methods. The Asia-Pacific region is anticipated to witness the fastest growth rate during the forecast period. This growth is fueled by increasing investments in healthcare infrastructure, rising pharmaceutical R&D expenditure in countries like China, Japan, and South Korea, and a growing focus on precision medicine. While the market in other regions like Latin America and the Middle East and Africa is still nascent, increasing research collaborations and awareness are expected to create future opportunities.

Company Insights

The organs-on-chips market features a competitive landscape with a mix of specialized biotechnology companies and academic spin-offs that are driving innovation. Emulate, Inc., originating from the Wyss Institute at Harvard University, is a prominent player known for its Human Emulation System, which includes various organ chips and instrumentation. The company has formed significant partnerships with pharmaceutical companies and government agencies. Mimetas, based in the Netherlands, is recognized for its OrganoPlate platform, a high-throughput organ-on-a-chip solution that is widely used in drug discovery. CN Bio Innovations, a UK-based company, offers physical and virtual models of human biology, including single and multi-organ microphysiological systems, and has collaborated extensively with global pharma. TissUse GmbH from Germany is another key innovator, specializing in multi-organ chip systems for complex human-on-a-chip applications. Other notable players include Nortis, Inc., which provides proprietary microfluidic technology for creating tissue-specific environments, and Hesperos, Inc., known for its human-on-a-chip systems for functional readouts. These companies compete on the basis of technological innovation, the range and physiological relevance of their organ models, scalability, and the ability to form strategic alliances with end-users in the pharmaceutical industry.

Recent Developments

The organs-on-chips market is characterized by rapid technological evolution and strategic movements among its key participants. Recent developments have been marked by a series of significant product launches and enhancements aimed at improving the functionality, usability, and throughput of these systems. Companies are increasingly focusing on developing more complex multi-organ models that can better mimic human systemic biology for applications in pharmacokinetics and toxicology. Strategic collaborations and partnerships between technology developers and large pharmaceutical companies have intensified, as pharma firms seek to integrate these advanced models into their R&D workflows to improve predictive power. There has also been a notable increase in funding activities, with several startups securing substantial venture capital investments to accelerate research and commercial expansion. Furthermore, academic research continues to be a strong driver of innovation, with recent publications demonstrating new chip designs that incorporate immune cells, patient-derived cells, and advanced sensors for real-time monitoring of tissue responses. The regulatory landscape is also evolving, with ongoing discussions and efforts to establish standards and validation criteria for accepting data from organ-chip models in safety and efficacy assessments, which is a critical step towards their broader regulatory acceptance.

Report Segmentation

This comprehensive market research report on the global organs-on-chips market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry landscape. The report is meticulously segmented by type, categorizing the market into the various organ models available, such as liver, lung, heart, kidney, intestine, brain, and other organ-specific chips, as well as the emerging multi-organ chip systems. It further breaks down the market by application, highlighting key use cases including drug discovery, toxicity testing, disease modeling, personalized medicine, and other research applications. The material segment analysis covers the different substrates and polymers used in fabricating these microfluidic devices, such as polymers, glass, and silicon. Additionally, the end-user segment provides insights into the adoption patterns across pharmaceutical and biotechnology companies, academic and research institutes, cosmetic industries, and other end-users. Geographically, the report offers a thorough regional analysis covering North America, Europe, Asia-Pacific, and the rest of the world, providing insights into regional trends, growth prospects, and key market dynamics. This multi-faceted segmentation allows stakeholders to identify specific growth pockets, understand application-specific demands, and formulate targeted strategies.

FAQs

What are organs-on-chips?

Organs-on-chips are microfluidic cell culture devices that contain continuously perfused chambers inhabited by living cells arranged to simulate tissue- and organ-level physiology. They are designed to reconstitute the minimal functional unit of an organ to model its activities in a controlled microenvironment.

How do organs-on-chips work?

These chips work by using microengineering to create tiny, hollow channels lined with living human cells. A perfusion system mimics blood flow by circulating nutrient-rich liquid through these channels, while mechanical forces can be applied to simulate physiological conditions like breathing motions in a lung-on-a-chip or peristalsis in a gut-on-a-chip.

What is the purpose of organs-on-chips?

The primary purpose is to provide a more human-relevant, predictive platform for drug testing, disease research, and toxicity studies. They aim to bridge the gap between traditional cell culture and human clinical trials, potentially reducing the reliance on animal models and improving the success rate of drug development.

What are the advantages of using organs-on-chips?

Key advantages include providing more physiologically relevant human data compared to animal models or simple cell cultures, enabling real-time observation and analysis, reducing ethical concerns associated with animal testing, and potentially lowering the overall cost and time of drug development by identifying failures earlier.

Who uses organs-on-chips?

Primary users include pharmaceutical and biotechnology companies for drug discovery and toxicity screening, academic and government research institutions for fundamental biological and disease research, and increasingly, cosmetic companies for safety testing of ingredients in compliance with animal testing bans.

What is the future of organs-on-chips technology?

The future is directed towards creating more complex interconnected multi-organ systems, often called human-on-a-chip, to study systemic biology. Integration with advanced analytics like AI and machine learning for data interpretation, along with efforts towards standardization and regulatory acceptance, are key focus areas for future growth.

Citius Research has developed a research report titled “Organs-on-chips Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Organs-on-chips Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Organs-on-chips Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Organs-on-chips Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Organs-on-chips Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Organs-on-chips Market
• Research Methodology
• Executive Summary
• Market Dynamics of Organs-on-chips Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Organs-on-chips Market
• Cost and Gross Margin Analysis of Organs-on-chips Market
• Organs-on-chips Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Organs-on-chips Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Organs-on-chips Market Key Stakeholders

Below are the key stakeholders for the Organs-on-chips Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Organs-on-chips Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Organs-on-chips Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Organs-on-chips Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Organs-on-chips Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Organs-on-chips Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Organs-on-chips Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Organs-on-chips Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Organs-on-chips Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Organs-on-chips Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Organs-on-chips Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Organs-on-chips Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Organs-on-chips Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Organs-on-chips Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Organs-on-chips Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Organs-on-chips Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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