India Organ On A Chip Market Size & Outlook, 2024-2030
India organ on a chip market, 2018-2030 (US$M)
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India organ on a chip market highlights
- The India organ on a chip market generated a revenue of USD 2.1 million in 2023 and is expected to reach USD 12.4 million by 2030.
- The India market is expected to grow at a CAGR of 28.8% 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 2.1 million |
| Market revenue in 2030 | USD 12.4 million |
| Growth rate | 28.8% (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, India accounted for 1.8% 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 Asia Pacific, China organ on a chip market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 55.9 million by 2030.
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Organ On A Chip Market Scope
Organ On A Chip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 52.38% in 2024. Horizon Databook has segmented the India organ on a chip market based on services, product covering the revenue growth of each sub-segment from 2018 to 2030.
The OOC market in India is becoming a hotspot within biotech, driven by the need for better drug testing methods and ethical research practices. These tiny systems mimic human organs, providing pharmaceutical and biotech companies with a more effective way to conduct research without relying on animal testing. As the life sciences industry grows in India, interest in this technology to improve drug development and patient care is rising.
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Horizon Databook provides a detailed overview of country-level data and insights on the India organ on a chip market, including forecasts for subscribers. This country databook contains high-level insights into India organ on a chip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India organ on a chip market report size, by product & service, 2018-2030 (US$M)
India Organ On A Chip Market Share, 2024 & 2030 (US$M)
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