Global Organ-on-chip Market Expected to Reach $170 Million by 2023 - Allied Market Research

Wednesday, November 15, 2017 Research News
Email Print This Page Comment bookmark
Font : A-A+

PORTLAND, Oregon and PUNE, India, November 15, 2017 /PRNewswire/ --

According to

a new report published by Allied Market Research, titled, "Organ-On-Chip Market by Type (Heart-on-Chip, Human-on-Chip, Intestine-on-Chip, Kidney-on-Chip, Liver-on-Chip, and Lung-on-Chip): Global Opportunity Analysis and Industry Forecast, 2017-2023," the
global organ-on-chip market was valued at $5 million in 2016, and is projected to reach at $170 million by 2023, growing at a CAGR of 63.2% from 2017 to 2023. Heart-on-chip segment is anticipated to witness the highest growth rate during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20140911/647229 )

Do Enquiry for Sample Report@ https://www.alliedmarketresearch.com/request-sample/2555

North America was the highest revenue contributor in the global market in 2016, as advancements in cell biology, microfabrication, and microfluidics have led to the development of OOCs. In addition, rise in demand for lung- and kidney-based organ culture devices is expected to boost the market growth. Asia-Pacific is anticipated to witness a significant growth rate during the forecast period, owing to increase in research activities.

In 2016, the lung-on-chip segment accounted for the highest share in the market, while the heart-on-chip segment is anticipated to witness the highest growth rate from 2017 to 2023, owing to increase in applications of organ-on-chip devices for the cure of several cardiac diseases such as heart failures.

Do Enquiry before purchasing [email protected] https://www.alliedmarketresearch.com/purchase-enquiry/2555

The key players profiled in the study are Emulate, Inc., AxoSim Technologies LLC, CN Bio Innovations, Hurel Corporation, Ascendance Biotechnology, Inc., Insphero AG, Mimetas B.V, Nortis Inc., Organovo Holdings, Inc., and Tara Biosystems. These players have adopted various competitive strategies such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations to strengthen their foothold in the market.

Key Findings of the Organ-On-Chip Market: 

  • Heart-on-chip segment is projected to witness the highest growth rate of 64.1%.
  • North America generated the highest share of $60 million, in terms of revenue, in 2016.
  • Asia-Pacific generated the highest growth rate of 65.2% during the forecast period.
  • Lung-on-chip segment generated highest market share of 21% in 2016.

Ask for discount before buying@ https://www.alliedmarketresearch.com/get-discount/2555

About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact: Dhananjay Potle 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free : +1-800-792-5285 UK : + 44-845-528-1300 Hong Kong : + 852-301-84916 India (Pune) : +91 20 66346060 Fax : +1?855?550-5975 [email protected] Web: https://www.alliedmarketresearch.com

SOURCE Allied Market Research



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store