Argentina Organ On A Chip Market Size & Outlook, 2024-2030
Argentina organ on a chip market, 2018-2030 (US$M)
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Argentina organ on a chip market highlights
- The Argentina organ on a chip market generated a revenue of USD 0.4 million in 2023 and is expected to reach USD 1.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 17.3% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product & service in 2023.
- Product is the most lucrative product & service segment registering the fastest growth during the forecast period.
Organ on a chip market data book summary
| Market revenue in 2023 | USD 0.4 million |
| Market revenue in 2030 | USD 1.3 million |
| Growth rate | 17.3% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Product |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Product |
| Key market players worldwide | Emulate, Mimetas, Valo Health, Nortis, AxoSim, BICO, CN Bio, SynVivo, Draper, AlveoliX AG |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global organ on a chip market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil organ on a chip market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 6.0 million by 2030.
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Organ On A Chip Market Scope
Organ On A Chip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina organ on a chip market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to organ on a chip market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 50% in 2024. Horizon Databook has segmented the Argentina organ on a chip market based on services, product covering the revenue growth of each sub-segment from 2018 to 2030.
The Argentina OOC market is in its early stages of growth, fueled by the increasing demand for improved drug testing methods and a shift toward more ethical research practices.
These microchips, which replicate human organ functions, are attracting interest from pharmaceutical and biotech companies for their potential to replace animal testing and deliver more accurate results.
With rising government support and research partnerships, the market is anticipated to expand in the coming years. Additionally, advancements in veterinary science are contributing to growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina organ on a chip market, including forecasts for subscribers. This country databook contains high-level insights into Argentina organ on a chip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina organ on a chip market report size, by product & service, 2018-2030 (US$M)
Argentina Organ On A Chip Market Share, 2024 & 2030 (US$M)
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