Canada Organ On A Chip Market Size & Outlook, 2024-2030
Canada organ on a chip market, 2018-2030 (US$M)
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Canada organ on a chip market highlights
- The Canada organ on a chip market generated a revenue of USD 5.0 million in 2023 and is expected to reach USD 43.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 36.3% 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 5.0 million |
| Market revenue in 2030 | USD 43.9 million |
| Growth rate | 36.3% (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, Canada accounted for 4.3% 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 North America, U.S. organ on a chip market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 510.3 million by 2030.
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Organ On A Chip Market Scope
Organ On A Chip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 52% in 2024. Horizon Databook has segmented the Canada organ on a chip market based on services, product covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian OOC market is gaining traction, fueled by growing demand for advanced drug testing methods and a shift toward personalized medicine. These innovative microchips mimic the functions of human organs, providing a more accurate and ethical alternative to traditional animal testing.
Pharmaceutical and biotech companies are rapidly adopting this technology to enhance their research and development processes. Key drivers for the Canadian market include increased government investment, a strong healthcare ecosystem, and a heightened focus on innovation in drug development.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada organ on a chip market, including forecasts for subscribers. This country databook contains high-level insights into Canada organ on a chip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada organ on a chip market report size, by product & service, 2018-2030 (US$M)
Canada Organ On A Chip Market Share, 2024 & 2030 (US$M)
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