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Organoids are three dimensional tissue cultrues that are derived form stem cell to display complexities ad functionalities of an organ. Organiods are increasingly used to understand complex biological process of cell funtioning for research and developmentn process. The organoids are also used to study the effect of pipeline drugs during drug discovery process. These cell cultrues have proved to be effective to disease modelling when compared to the traditional two diimentioanl cell culturing. Organoids have successfully gained attention in the research and industrial fields alike. As of January 2020, Nanjing University Medical School is studying and developing oragniods for the testing the sensitivity of FDA approved pancreatic anti-cancer drugs.
Global Organoids market growth is being driven by the increase in research and development in the field. Additionally, the rise in the preference of personalised medicines is estimated to increase the adoption of organiods in the coming years. As of November 2020, there are around 21 ongoing clinical trials related to oragnoids around the world. This number is estimated to increase in the forth coming years owing to improving infrastructure and advancements in scientific field.
On the flip side, the higher expenditure of time and money related to the discovery and effective functioning of organoids are estimated to limit the market growth during the forecast duration.
Key Market Driver -
Increasing research and development in the field of organoids
Key Market Restraint -
higher investment of time and money in the development of organoids
The major companies covered in the global Organoids market report STEMCELL Technologies Inc., Hubrecht Organoid Technology, Definigen, Cellesce Ltd, Tishcon Corp, OcellO B.V.., and other players.
As per the current Organoids market trends, mitral valve repair devices among the product types are anticipated to register a higher market share in the global Organoids market owing to improved efficacy offered by the product type.
The global Organoids market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Organoids market is anticipated to expand in North America during the forecast years owing to the higher investment in research and development for new and improved drugs. Organisations such as the National Science Fund (NSF), U.S FDA, The Center for Stem Cell and organoid Medicine among others actively fund research activities for development of new organoids in the U.S. The Europe on the other hand is estimated to follow the lead in the market owing to increased focus on innovation in the healthcare sector. Universities such as Max Plank Institute of Molecular Cell Biology and Genetics are providing grant to researchers that are innovating in the field of 3D cell culture. For instance, in 2019, the Human Frontier Science Program had awarded grants worth US$ 34 million to researcher and scientist which also included scientists innovating the field of organoids. The countries of Asia pacific such as Japan, China and Indi are estimated to witness an increase in the innovation in this field owing to increase in the awareness of complex cellular biology. Latin America and Middle East and Africa is projected to experience slower growth in the coming years owing to limited awareness regarding personalised medicine.
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