Kuwait Organ On A Chip Market Size & Outlook, 2024-2030
Kuwait organ on a chip market, 2018-2030 (US$M)
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Kuwait organ on a chip market highlights
- The Kuwait organ on a chip market generated a revenue of USD 0.2 million in 2023 and is expected to reach USD 0.4 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 14% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product & service in 2023.
- Services 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 0.2 million |
| Market revenue in 2030 | USD 0.4 million |
| Growth rate | 14% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| 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, Kuwait accounted for 0.1% 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 Middle East & Africa, South Africa organ on a chip market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1.6 million by 2030.
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Organ On A Chip Market Scope
Organ On A Chip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait 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 Kuwait organ on a chip market based on services, product covering the revenue growth of each sub-segment from 2018 to 2030.
The Kuwait OOC market is starting to expand, driven by the increasing demand for enhanced drug testing methods and a focus on ethical research practices.
These microchips, which replicate human organ functions, are capturing the attention of pharmaceutical and biotech companies due to their potential to replace animal testing and provide more accurate results.
With growing government support and increasing research partnerships, the market is poised for significant growth in the forecast period.
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Target buyers of Kuwait organ on a chip market databook
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Our clientele includes a mix of organ on a chip market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait organ on a chip market, including forecasts for subscribers. This country databook contains high-level insights into Kuwait organ on a chip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait organ on a chip market report size, by product & service, 2018-2030 (US$M)
Kuwait Organ On A Chip Market Share, 2024 & 2030 (US$M)
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