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Global Organs-on-chips Markets 2018-2023: Expected to Register a CAGR of More Than 30% - ResearchAndMarkets.com

October 10, 2018

DUBLIN--(BUSINESS WIRE)--Oct 10, 2018--The “Global Organs-on-chips Market - Segmented by Organ (Liver, Heart, Lung, and Other Organs), Application, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The organs-on-chips market is projected to witness a CAGR of more than 30% during the forecast period (2018-2023).

Requirement of Alternatives for Animal Testing: OOC is one of the most effective alternatives, and hence, is expected to be a better replacement for animal testing in the future, leading to the growth of the market. Other factors, such as the need for early detection of drug toxicity, new products launches, and advancements in technology are additionally helping in propelling market growth.

Other HighlightsThe Complexity of Organs-on-Chips Models - A Market ChallengeNorth America to Dominate the Market

Major Developments in the Market

TissUse signed a collaboration agreement with Bayer to develop a highly innovative liver-endocrine tissues assay using TissUse’s Multi-organ-chip (MOC) technology.Emulate Inc. and AstraZeneca formed a strategic agreement to work side-by-side on organs-on-chips technology to improve the prediction of human safety and efficacy of drug candidatesFDA announced a multi-year R&D agreement with Emulate Inc. to test the company’s organs-on-chips technology in laboratories.Companies ProfiledAxoSim Inc.BioIVTElveflowEmulate Inc.Hurel CorporationInSphero AGMimetas B.V.Nortis Inc.Tara BiosystemsTissUse GmbH

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

6. Market Dynamics

7. Market Segmentation

8. Company Profiles and Competitive Landscape

9. Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/gzrs93/global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005541/en/

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Related Topics:Biomaterials

KEYWORD:

INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/10/2018 08:58 AM/DISC: 10/10/2018 08:58 AM

http://www.businesswire.com/news/home/20181010005541/en

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