DUBLIN, March 18, 2021 /PRNewswire/ -- The "Organoids Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type; Application; Source, and Geography" report has been added to ResearchAndMarkets.com's offering.
Increasing Adoption of Personalized Drugs to Drive Organoids Market
Global organoids market is expected to reach US$ 3,420.40 million by 2027 from US$ 689.47 million in 2019. The market is estimated to grow at a CAGR of 22.1% from 2020 to 2027.
The report highlights the trends prevalent in the global organoids market and the factors driving the market along with those that act as deterrents to its growth.
Based on type, the global organoids market is segmented into stomach, intestine, liver, pancreas, lung, brain, kidney, and others. In 2019, the intestine segment held the largest market share. This segment is also expected to dominate the market by 2027 as various experimental techniques have been developed in parallel with, and applied to, intestinal organoid cultures with a scientifically synergistic effect. Moreover, the kidney segment is anticipated to grow at the fastest rate during the forecast period.
Increasing demand for tumor modelling and biobanking, rising adoption of personalized drugs, and growing focus on developing alternatives for animal testing models are anticipated to drive the market. However, issues related to the incorporation of organoids into existing workflows and dearth of skilled professionals are likely to pose a negative impact on the market growth.
The coronavirus pandemic is estimated to have a significant impact on the organoids market. Majority of the pharmaceutical companies around the globe are engaged in the development of vaccines for coronavirus. Moreover, COVID-19 has also caused increased interest in human lung organoid models. However, this shift of focus is anticipated to have a positive impact on the other segments of the market. Disruptions in supply chain caused due to halt in global operations are projected to have an adverse impact on the market.
Prominent players operating in organoids market include STEMCELL Technologies, Inc.; Cellesce Ltd.; Hubrecht Organoid Technology; Definigen; 3Dnamics, Inc.; Organoid Therapeutics; PeproTech, Inc.; Thermo Fisher Scientific; Corning Incorporated (Life Sciences); and Merck KGgA.
Market players are focused toward bringing new and innovative products and services to sustain their position in the market. For instance, in January 2020, Merck and BioMed X collaborated for a new research program on autoimmune diseases.
This research would involve use of conventional and high-throughput metagenomics and generation of intestinal organoids from murine and human subjects for identification of biomarkers of autoimmune diseases. Such developments are expected to help the market growth during the forecast period.
Key Topics Covered:
1. Introduction1.1 Scope of the Study1.2 Research Report Guidance1.3 Market Segmentation
2. Organoids Market- Key Takeaways
3. Research Methodology
4. Global Organoids Market- Market Landscape4.1 Overview4.2 PEST Analysis4.3 Expert Opinion
5. Organoids Market- Industry Dynamics5.1 Market Drivers5.1.1 Increasing Demand for Tumor Modelling and Biobanking5.1.2 Increasing Adoption of Personalized Drugs5.1.3 Growing Focus on Developing Alternatives for Animal Testing Models5.2 Market Restraints5.2.1 Issues Related to the Incorporation of Organoids into Existing Workflows5.2.2 Dearth of Skilled Professionals5.3 Market Opportunities5.3.1 Increasing Focus on Drug Discovery Activities5.4 Future Trends5.4.1 Combining Organoid with Organ-On-A-Chip5.5 Impact Analysis
6. Organoids Market- Global Analysis6.1 Global Organoids Market Revenue Forecast and Analysis6.2 Global Organoids Market, By Geography - Forecast and Analysis6.3 Market Positioning of Key Players
7. Organoids Market Analysis - By Type7.1 Overview7.2 Organoids Market Revenue Share, by Type (2019 and 2027)7.3 Stomach7.4 Intestine7.5 Liver7.6 Pancreas7.7 Lung7.8 Brain7.9 Kidney7.10 Others
8. Organoids Market Analysis - By Application8.1 Overview8.2 Organoids Market Share, by Application, 2019 and 2027, (%)8.3 Developmental Biology8.4 Disease Pathology of Infectious Disease8.5 Regenerative Medicine8.6 Drug Toxicity and Efficacy Testing8.7 Drug Discovery and Personalized Medicine8.8 Others
9. Organoids Market Analysis - By Source9.1 Overview9.2 Organoids Market Share, by Source, 2019 and 2027, (%)9.3 Pluripotent Stem Cells9.4 Organ-Specific Adult Stem Cells
10. Organoids Market - Geographic Analysis
11. Impact Of COVID-19 Pandemic on Global Organoids Market
12. Industry Landscape12.1 Overview12.2 Growth Strategies Done by the Companies in the Market, (%)12.4 Organic Developments12.4.1 Overview12.5 Inorganic Developments12.5.1 Overview
13. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/dk5k6z
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