The global organ-tumor-on-a-chip market revenue was US$ 7,973.754 thousand in 2021. The global organ-tumor-on-a-chip market revenue is forecast to reach US$ 117,471.41 thousand by 2030, growing at a compound annual growth rate (CAGR) of 34.3% during the forecast period from 2022-2030.
A tumor-on-a-chip is a miniature cell culture device used to simulate tumor tissue structure and functions. A tumor-on-a-chip can stimulate tumor growth and expansion, angiogenesis, and progression from early to advanced stages of lesions involving epithelial-mesenchymal transition (EMT), tumor cell invasion, and metastasis. A tumor-on-a-chip approach is becoming an increasingly attractive prospect in organ-on-a-chip research for studying cancer biology and treatment options. It simulates in vivo interactions between tumors and tissues, and organs using microfluidics and cell culture technology. An organ-on-a-chip system uses microfluidics to construct tissue models. In tumor-on-a-chip systems, the processing technology is similar to that found in organ-on-a-chip systems.
Factors Influencing Market Growth
Impact Analysis of COVID-19
A COVID-19 outbreak has led to a decline in the global organ-tumor-on-a-chip market. Many government orders came into effect in response to the COVID-19 pandemic, such as travel bans, curfews, shelter-in-place orders, and business shut-downs. As a result, human cells were no longer readily available at an affordable price, adversely affecting business outcomes.
Regional Insights
North America accounted for the largest share in the global organ-tumor-on-a-chip market. It is due to the rapid developments in the analytical and informatics fields, the presence of major players, and increased financial support from both the private and government sectors. Furthermore, there is a growing awareness about the advantages of organ-tumor-on-a-chip in the field of personalized medicine, as well as more institutes with specialized technologies, pharmaceutical companies, and government & private agencies dedicated to advancing organ-tumor-on-a-chip technology.
Asia Pacific is forecast to grow at the highest CAGR during the forecast period. Due to the increasing government funding and increasing manufacturing of biological drugs in the region.
Leading Competitors
The leading prominent companies profiled in the global organ-tumor-on-a-chip market are:
Scope of the Report
The global organ-tumor-on-a-chip market segmentation focuses on Type, End-User, and Region.
Segmentation based on Type
Segmentation based on End-User
Segmentation based on Region