The global organoids and spheroids market size is expected to reach USD 2.1 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 22.5% over the forecast period. A rise in the adoption of organoid cultures in drug discovery, and rising demand for cell therapy and tissue engineering across the globe is expected to drive the market.
3D
spheroids are considered as an important aspect of tissue engineering and
regenerative medicine research as they can be used as building blocks for the
generation of complex tissues and organs. In addition, the potential of 3D
cell cultures to be used as models for drug screening and analysis of
human disorders are expected to provide ample growth opportunities to the
market in the near future.
A
rise in the adoption of organoid cultures for the assessment of the mechanism
of human-specific disorders is expected to enhance the market growth. For
instance, human organoids have helped in the analysis of a wide range of
tissues including the small intestine, prostate, brain, and liver. The promise
of the generation of 3D cell cultures that resemble human organs has brought an
enormous potential for the use of organoids as cell therapies, and as
prospective substitutes for whole-organ transplantation.
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Organoids And
Spheroids Market Report Highlights
- The spheroids
segment is anticipated to dominate the market throughout the analysis
period
- Higher
adoption of 3D spheroids in the fields of drug discovery, disease
modeling, and safety testing is a key factor driving the segment
- The
developmental biology application segment accounted for the largest
revenue share in 2019 as the development of organoids from Induced
Pluripotent Stem Cells (iPSCs) have paved way for dynamic observation of
cell development and propelled the adoption of mechanistic studies for human
development
- Biotechnology
and pharmaceutical industries dominated the end-use segment in the market
in 2019. This is because of the high utilization rate of organoids and
spheroids in pre-clinical drug discovery by pharma entities
- In addition,
these players are actively involved in the development of advanced
products that enhance the efficiency of organoid and spheroid generation.
- For instance,
In December 2018, Sun Bioscience developed a robotic platform specially
designed for the production of organoids for personalized medicine. The
platform facilitates automated image-based screening of such cells
- In North
America, the market generated the highest revenue in 2019 due to higher
adoption of technologically advanced cell culture platforms, and the presence
of a large number of universities and academic institutions actively
involved in cell and organ-based studies
- In addition,
a higher adoption rate of organoid and spheroid culture products and
efficient healthcare infrastructure in North America is attributive to the
largest revenue generation from the region
- In Asia
Pacific, the market is anticipated to witness lucrative growth over the
forecast period.
- Presence of
key players and government organizations such as STEMCELL Technologies,
Australasian Society for Stem Cell Research (ASSCR), The Japanese Society
for Regenerative Medicine, The Korean Society for Stem Cell Research
(KSSCR), and others are expected to enhance the penetration of organoid
and spheroid culture in Asia
- The key
players are constantly involved in research and development of new
products so that they can enhance their market position.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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