Organ on Chip Market Size, Share, Growth Analysis, By Organ Type(Liver, Kidney, Lungs, Heart), By Application(Drug-discovery, Disease Modelling, and Toxicity Testing), By End-User(Biotech &Pharma Companies, Contract Research Organisations and Academic & Research Institutes.), By Region - Industry Forecast 2024-2031

North America has traditionally been the largest market for the organ-on-chip technology. It is leading region in the adoption of this tech due to presence of various pharma companies, research institutions and tech developers. This region has a robust environment for biotech and life science which caters to new innovations. Regulatory agencies like FDA engage with the stakeholders to explore the potential use in drug discovery and safety assessments.

However, the Asia-Pacific region has been experiencing a rapid growth in the organ-on-chip market. Specially countries like Japan, China, South Korea and Singapore have been making substantial investments in research and new innovations. The rising demand for personalised medicines and development in healthcare infrastructure as well as presence of large pharmaceutical market further makes it the fastest growing market.

In Europe countries like Germany, Netherlands, UK have emerged as hubs for organ-on-chip research and commercialization. European regulatory agencies like EMA are involved in discussions on regulatory acceptance and validation of organ-on-chip models. More than 60% of the funding has been raised by organ on chip companies based in Europe. Netherlands based organ on a chip company Mimetas has raised the maximum funding during the period captured

Similarly in Latin America, countries like Brazil, Mexico and Argentina as well as in Middle East and Africa, countries like South Africa, Israel and the UAE are investing heavily in biotech innovation and research investments. Collaborative initiatives and partnerships with global stakeholders are essential for accelerating the adoption and implementation of organ-on-chip market.