Wilmington, Delaware, United States, Sept. 05, 2023 (GLOBE NEWSWIRE) -- The 2019 global market for organoids recorded US$ 1.7 billion in revenue and is forecasted to experience a robust CAGR of 13.1% from 2020 to 2030, ultimately reaching US$ 12.8 billion in market value.
The use of organoids as a crucial tool for gene therapy, cell biology, cancer research, regenerative medicine, and disease modeling is what is driving the global market. During the projected period, technological advances are anticipated to drive the worldwide organoids market.
Organoids, comprising adult stem cells along with pluripotent stem cells, are tiny, self-organized three-dimensional cultures. Organoids are thought of as replicas of complex organs such the liver, lungs, kidney, intestine, stomach, and brain. Stem cells from various origins are used to make organoids, and these cells may proliferate endlessly to produce a wide variety of cells. These structures resemble tiny organs that are between a hair's width and five millimeters in size.
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Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 1.7 billion | |
| Estimated Value | US$ 12.8 billion | |
| Growth Rate - CAGR | 13.1% | |
| Forecast Period | 2020-2030 | |
| No. of Pages | 190 Pages | |
| Market Segmentation | Type, Application, Source | |
| Regions Covered | North America, Europe, Asia Pacific, LATAM & MEA | |
| Companies Covered | STEMCELL Technologies Inc., Cellesce Ltd., Hubrecht Organoid Technology, Definigen, 3Dnamics, Inc., Organoid Therapeutics, PeproTech, Inc. | |
Key Findings of Market Report
- The organoids market in Europe is anticipated to be driven by investments in cancer, stem cell research, liver illnesses, gastrointestinal diseases for organ regeneration, as well as liver diseases.
- The development of sophisticated organoids is anticipated to benefit from growing research and medical professional cooperation.
- The novel 3D cell culture technology has made it possible to use it for applications in drug development, healthcare, evaluating nanomaterials, and fundamental life science research.
Market Trends for Organoids
- In terms of type, the market in 2019 was dominated by the intestine segment, which may be attributed to the rising incidence of inflammatory bowel disorders (IBD) worldwide. For example, approximately 300 per 100,000 persons worldwide suffer from inflammatory bowel disease (IBD).
- The developmental biology application category accounted for a significant portion of the market in 2019 due to its status as the key investigative research instrument for human developmental biology. Organoids created from embryonic stem cells provide a thorough grasp of how the embryo develops as well as information on how stem cells develop.
- The pluripotent stem cells (hIPSCs) market segment led the global organoids market in terms of source in 2019. This is because pluripotent stem cells are chosen since they may divide forever, which is advantageous for doing fundamental research and has several therapeutic uses.
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Organoids Regional Market Outlook
Various reasons are propelling the growth of the Organoids market in different regions. These are:
- In 2019, North America led the global market for organoids. The growth in patients with various diseases, increased investment in research and development, commercialization of organoid models, along with stem cell research may all be attributed to this.
- The European market is probably going to expand quickly throughout the projection period. Over the next years, the advancement of cerebral organoids for neurological illnesses and the growth in the frequency of infectious as well as additional diseases are expected to boost the market for organoids in the area. The organoids market in Europe is anticipated to grow over the course of the forecast period as a result of investments in research and development on cancer, liver disorders, gastrointestinal illnesses for organ regeneration, along with stem cell research.
Global Organoids Market: Key Players
The following companies are well-known participants in the global Organoids market:
- STEMCELL Technologies, Inc.
- Cellesce Ltd.
- Hubrecht Organoid Technology
- Definigen
- 3Dnamics, Inc.
- Organoid Therapeutics
- PeproTech, Inc.
- Thermo Fisher Scientific
- Corning Incorporated (Life Sciences)
- Merck KGgA
Key developments in the global market for organoids are:
| Market Player | Year | Key Developments |
| Next&Bio Inc. | 2023 |
|
| Princess Máxima Centre for Pediatrics Oncology and the Hubrecht Institute in the Netherlands | 2023 |
|
| BIOIVT | 2021 |
|
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Global Organoids Market Segmentation
Type
- Stomach
- Intestine
- Liver
- Pancreas
- Lung
- Brain
- Kidney
- Others
Application
- Developmental Biology
- Disease Pathology of Infectious Disease
- Regenerative Medicine
- Drug Toxicity and Efficacy Testing
- Drug Discovery & Personalized Medicine
- Others
Source
- Pluripotent Stem Cells (hIPSCs)
- Organ-speci?c Adult Stem Cells (ASCs)
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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