• Middle East
  • North Africa
  • Global
  • Business
  • Finance
  • Technology
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
Submit Press Release
Search
Close
Search
Close
Home Press

Organoids and Spheroids Market Size to Grow at a CAGR of 23.76% During the Forecast Period 2021-2026

admin by admin
February 6, 2022
in Press
Share on FacebookShare on Twitter


(EMAILWIRE.COM, February 06, 2022 ) Organoids and Spheroids market size was estimated at $508.45 million in 2020, growing at a CAGR of 23.76% during the forecast period 2021-2026. Organoids and spheroids are 3D cell cultures. Spheroids are made from cancer cell lines or tumour biopsies in ultra-low attachment plates as freely floating cell aggregates. Organoids are made from embryonic stem cells, induced pluripotent stem cells implanted in an ECM hydrogel matrix and they can self-assemble into miniature copies of the host organ when given a scaffolding environment, making them ideal for 3D cell investigations. Organoids are a complex assemblage of cluster of cells that are mostly derived from the bladder, liver, and stomach. Increasing technological advancement in 3D spheroid technology is one of the major factor driving the growth of the market. Increasing the use of organoid-based research models in developed countries. is set to further enhance the overall market development of the Organoids and Spheroids Market for the period 2021-2026.

Organoids and Spheroids Market Segment Analysis – By Application

Based on application, market for Organoids and Spheroids is categorized in Developmental Biology, Regenerative Medicine, Personalized Medicine, Disease Pathology Studies and Drug Toxicity and Efficacy Testing. Developmental Biology segment in Organoids and Spheroids market held the largest share. The use of organoid and spheroid culture systems in developmental biology is increased. Organoid biology offers a great opportunity to the test the fundamentals of human developmental biology discovered through traditional methods thereby increasing Organoids and Spheroids market. However, Regenerative Medicine is estimated to register higher CAGR of 24.56% during the forecast period 2021-2026 owing to increasing adoption of regenerative medicine products as it provide faster recovery.

Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=19499

Report Price: $4500 (Single User License)

Organoids and Spheroids Market Segment Analysis – By End-User

On the basis of end user market for Organoids and Spheroids is categorized in Biotechnology & Pharmaceutical Industries, Academic and Research Institutes and Hospitals and Diagnostic Centers. Biotechnology & Pharmaceutical Industries segment in Organoids and Spheroids market held the largest share. Organoids and spheroids are commonly used in the development of drugs by biotechnology and pharmaceutical companies. Growing collaborations and strategic alliances among large players thereby increasing Organoids and Spheroids market. However, Hospitals and Diagnostic Centers is estimated to register higher CAGR of 24.68% during the forecast period 2021-2026 owing to increasing government support and funding by government for research and development.

Organoids and Spheroids Market Segment Analysis – By Geography

North America dominated the Organoids and Spheroids market with a major share of 43.28% in 2020. This is attributed to growing usage of organoid-based research models in biotechnology sector in this region. Furthermore, presence of funding bodies in this region which are contributing to the growth of the market in this region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to rising research and development in stem cells in this region. Increasing presence of key players in this region is also increasing the growth of the market in this region.

Organoids and Spheroids Market Drivers

Increasing Technological Advancement in 3D Spheroid Technology.

Increasing technological advancement and innovation in 3D spheroid technology across the globe is increasing the growth of the Organoids and Spheroids Market. For instance, AMS Biotechnology (AMSBIO) launched Cultrex Organoid Progenitor Cells which can be improved utilising a variety of extracellular matrices, allowing researchers to influence cellular activity by altering the culture micro-environment. As a result, spheroids created using this technique are utilised to represent cell invasion from tumour spheroids is also practiced to increase the growth of the Organoids and Spheroids market during the forecast period 2021-2026.

Increasing Demand of Organoid Cultures in Drug Development Process

Increasing demand of organoid cultures in the process of drug development is increasing the growth of the Organoids and Spheroids market. Rising research and development activities by key players for screening drugs during clinical trial as clinical trial focus on safety of drugs thereby increasing the growth of the Organoids and Spheroids Market during the forecast period 2021-2026.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=19499

Organoids and Spheroids Market Challenges

High Cost

Major factor that is set to impede the growth of the Organoids and Spheroids market is high of cost of research and dveleopment. Another factor which hamper the growth of market is lack of skilled professional.

Key Takeaways

North America dominated the Organoids and Spheroids Market in 2020 owing to increasing investment by key players in this region. The Organoids and Spheroids Market scope for different regions will be provided in the final report.

Growing technological advancement and research & development activities by market players is set to aid the market growth of the Organoids and Spheroids Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Organoids and Spheroids Market report.

High price for research and development is poised to create the hurdles for the Organoids and Spheroids Market.

Related Reports:

A. Tissue Banking Market

https://www.industryarc.com/Report/237/tissue-banking-market-research-analysis-report.html

B. Genomics Market

https://www.industryarc.com/Report/1275/genomics-market-analysis-and-forecast-report.html

For more Lifesciences and Healthcare Market related reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



Source link

Previous Post

Breakthrough in a Functional Nutrition Bar

Next Post

Fintech (Financial Technology) Market Expected to Witness a Sustainable Growth over 2026

RelatedPosts

Infusion Pump Market: Growing adoption of specialty infusion systems
Press

Infusion Pump Market: Growing adoption of specialty infusion systems

 (EMAILWIRE.COM, March 20, 2023 ) The adoption of several specialty infusion pumps is on the rise globally. Patient-controlled...

by admin
March 20, 2023
Methyl Soyate Market expected to hit USD1.57 Bn by 2029 throughout the forecast period
Press

Methyl Soyate Market expected to hit USD1.57 Bn by 2029 throughout the forecast period

 (EMAILWIRE.COM, March 20, 2023 ) Pune 6 Mar 2023: As per the Maximize Market research, a global business...

by admin
March 20, 2023
Press

Electric Aircraft Market Worth $37.2 billion in 2030 at a CAGR of 19.8%

(EMAILWIRE.COM, March 20, 2023 ) The Electric Aircraft Market report provides an analysis of the market from 2022...

by admin
March 20, 2023
Award Ceremony Celebrates Best in LGBTQ Culture and Media!
Press

Award Ceremony Celebrates Best in LGBTQ Culture and Media!

   (EMAILWIRE.COM, March 20, 2023 ) LOS ANGELES - The top LGBTQ performers, celebrities and influentials turned out for...

by admin
March 20, 2023
Load More

Advertize

Latest Post

Giordano celebrates 30 years of operations in the Middle East          

Giordano celebrates 30 years of operations in the Middle East          

by admin
March 20, 2023

Global Video Management System (VMS) Market to Reach $21 Billion by 2027

Global Image Sensors Market to Reach $43.7 Billion by 2030

by admin
March 20, 2023

WorldVest Launches Africa Gold Corporation to Finance Gold Production

WorldVest Launches Africa Gold Corporation to Finance Gold Production

by admin
March 20, 2023

Informatic program to help drug discovery in Africa – Technology Today

by admin
March 20, 2023

BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

Correction: BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

by admin
March 20, 2023

Weekly Political Compass 3.20.23 | Teneo

Weekly Political Compass 3.20.23 | Teneo

by admin
March 20, 2023

MENANEWS provides press release distribution services for businesses, organizations and other entities with the need to reach media outlets in Europe, Middle east and Africa (MENANEWS) Submit press release or contact us today.

Share us

Subscribe To Our Newslatter

    • Middle East
    • North Africa
    • Global
    • Business
    • Finance
    • Technology
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us
    Menu
    • Middle East
    • North Africa
    • Global
    • Business
    • Finance
    • Technology
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us

    Browse by Category-

    Middle-East/ North Africa/ Global/ Business/ Finance / Technology/ Press/ About Us / PR Services / Submit PR / Contact us

    © 2023 Copyright MENANEWS

    Share us

    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    LinkedIn
    Share on pinterest
    Pinterest