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Key Companies Profiled

• Cellesce Ltd
• DefiniGEN
• Qgel
• Hubrecht Organoid Technology (HUB)
• OcellO B.V.
• STEMCELL Technologies Inc.

As new platforms for quicker drug development and improved model structures for assessing drug efficacy and toxicity, organoids have the potential to be transformative.Traditional drug discovery approaches are less important and inadequate to keep up with the rapid pace of life science advancements. Organoids are projected to exhibit increasing sales within the drug discovery industry.

The demand for cutting-edge preclinical testing methods has increased as a result of advances in drug therapies such as personalized treatments and expanding medical research to identify new advance medicines.Organoids also are used to shortlist possible drug molecules and remove the remainder by considering ‘in-vitro’ conditions that are somewhat close to natural environmental conditions.

According to the International Federation of Pharmaceutical Manufacturers and Societies, preclinical research accounts for about 22% of the overall cost of drug production. The use of organoids in drug development shortens the process and saves money, resulting in a greater demand for organoids.

In terms of product, intestinal organoids are expected to register high demand, accounting for over 36% of sales in the market. While application of organoids is expected to be considerably high in bio banking.

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Key Takeaways from Organoids Market Study

• The organoids market will exhibit solid growth, registering above 14% CAGR between 2021 and 2031
• The expansion of pharmaceutical sector and investment in research initiatives will enable the U.S. account for over 95% sales in North America
• The U.K. will emerge as the leading market, exhibiting above 20% y-o-y growth in 2021
• Germany and France are expected to emerge as other lucrative markets within the U.K.
• China will remain a leading market for organoids in East Asia, however, the Japan market will register a slightly higher rate of growth

Organoids Market by Category

By Product Type, Organoids market is segmented as:

• Intestinal Organoids
• Hepatic Organoids
• Pancreatic Organoids
• Colorectal Organoids
• Neural Organoids
• Others

By Application, Organoids market is segmented as:

• Bio-banking
• Biomedical Research and Drug Discovery
• Regenerative Medicine
• Cancer Research
• Therapeutic Tools
• Others

By End User, Organoids market is segmented as:

• Biopharmaceutical Companies
• Contract Research Organizations
• Academics and Research Institutes

By Region, Organoids market is segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

Funding for life science research and investments in Organoids products to expand various projects and personnel employedis the major factor expected to boost the organoids market growth.

For instance, the total amount of research grants awarded by the National Institutes of Health (NIH) in the U.S. exceeded US$ $251 million over five years (2015 to 2019).

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