Organoids And Spheroids Market size is estimated to reach $1.4 Bn by 2025, growing at a CAGR of 22.9% during the forecast period 2020-2025. Organoids And Spheroids are both cells cultured in three dimensions. Spheroids are formed from cancer cell lines or tumor biopsies as freely floating cell aggregates in ultra-low attachment plates whereas organoids are derived from tissue stem cells embedded with an ECM hydrogel matrix. Advancements in the 3D spheroid technology, growing implementation of organoid based research models in the developed nations, and enhancement in the availability of natural hydrogels for organoid and spheroid culture are the factors that are set to drive the growth of the global market for the forecast period 2020-2025.
Organoids And Spheroids Market Segment Analysis - By Application
Based on the Application, Developmental Biology segment held the largest share in 2019 owing to the factors such as growing research and development activities in the tissue homeostasis and growing opportunities for testing the fundamentals of human developmental biology through classical approaches. Regenerative medicine segment is estimated to be the fastest-growing segment owing to the factors such as growing demand for regenerative medicine products, rise in investments in the medical research and rise in the prevalence of chronic diseases.
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Organoids And Spheroids Market Segment Analysis - By End User
Based on the End User, Pharmaceutical and Biotechnological Industries segment held the largest share in 2019. This is owing to the factors such as rise in the potential clinical applications of organoids and spheroids, high utilization rate of organoids and spheroids in pre-clinical drug discovery by the key players, accelerated uptake of organoid and spheroid culture in the pharmaceutical research bodies, increase in the collaborations among the major players and rise in the pharmaceutical startups.
Organoids And Spheroids Market Segment Analysis - By Geography
Based on Geography, North America held the largest share in 2019. The growth in this segment is owing to the factors such as rise in the implementation of organoid-based research models in the developed nations, presence of international funding organizations and growing investment by the major players in the region. Asia-Pacific is estimated to be the fastest-growing segment owing to the factors such as growing partnerships among key market entities, rise in the developments in the field of stem cell research, enhancement in the availability of natural hydrogels for organoid and spheroid culture in the developing nations.
Organoids And Spheroids Market Drivers
Rise in the implementation of organoid based research models in the developed nations
Rise in the implementation of organoid-based research models in the developed nations is estimated to enhance the growth of Organoids And Spheroids Market. Growing demand for regenerative medical products is also said to enhance the growth of Organoids And Spheroids Market.
Increase in the demand for organoid cultures in the process of discovery of drugs
There is a rapid increase in the demand for organoid cultures in the process of discovery of drugs. This led to rapid increase in the growth of Organoids And Spheroids Market. Growing developments in the field of stem cell research is also estimated to enhance the growth of the Organoids And Spheroids Market.
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Organoids And Spheroids Market Challenges
Difficulty in reconstructing the complex in vivo cellular diversity and signaling of organs or tumors
Difficulty in reconstructing the complex in vivo cellular diversity and signaling of organs or tumors is one of the major factors that is estimated to reduce the growth of the Organoids And Spheroids Market. Spheroids are usually composed of one single cell type and are unable to completely replicate the intricate contacts with other cell types, which is also said to reduce the growth of the Organoids And Spheroids Market.
Organoids And Spheroids Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Organoids And Spheroids Market. Key companies of this market are 3D Biomatrix, 3D Biotek LLC, Hubrecht Organoid Technology, ATCC, Cellesce Ltd, Corning Incorporated, AMS Biotechnology Ltd, Merck KGaA, Prellis Biologics, Greiner Bio-One among others.
Acquisitions/Product Launches:
In 2019, Hubrecht Organoid Technology has entered into a strategic partnership with JSR Corporation to provide preclinical oncology drug development using organoid technology and to expand its European presence by opening a new organoid-focused operational site in Netherlands.
In 2019, ATCC has launched next-generation 2D and 3D patient-derived in-vitro cancer models, including organoids by collaborating with Human Cancer Models Initiative (HCMI).
Key Takeaways
Geographically, North America Organoids And Spheroids Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high demand.
Advancements in 3D spheroid technology is likely to aid in the market growth of Organoids And Spheroids Market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Organoids And Spheroids Market report.
Presence of international funding organizations and rise in the investments in medical research are also the factors which are said to enhance the growth of the market for the forecast period 2020-2025.
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