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The Global Organs-on-chips Market is estimated to be USD 23.86 Mn in 2020 and is expected to reach USD 98.9 Mn by 2025, growing at a CAGR of 32.9%.
Market Dynamics
The growth of this market is mainly driven by the growing focus on developing alternatives for animal testing models, significant increase in research funding and venture capital investments for the development of organs-on-chips, technological advancements and new products launches, growing number of partnerships and collaborations between pharmaceutical companies and organs-on-chips manufacturers, and growing need for early detection of drug toxicity to minimize financial losses due to late stage drug failure.
Organ-on-Chip Market 2021: Global Industry Manufacturers, Outlook, Share, Growth and Forecast 2027
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Organ-On-Chip Market Global Insights and Top Manufacturers 2021 to 2026
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