Sweden Organ On A Chip Market Size & Outlook, 2024-2030
Sweden organ on a chip market, 2018-2030 (US$M)
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Sweden organ on a chip market highlights
- The Sweden organ on a chip market generated a revenue of USD 2.2 million in 2023 and is expected to reach USD 15.1 million by 2030.
- The Sweden market is expected to grow at a CAGR of 32% 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 2.2 million |
| Market revenue in 2030 | USD 15.1 million |
| Growth rate | 32% (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, Sweden 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 Europe, Germany organ on a chip market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 71.4 million by 2030.
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Organ On A Chip Market Scope
Organ On A Chip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Sweden 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 Sweden 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 Sweden is thriving, driven by advancements in microfabrication technology and the need for efficient drug testing alternatives.
Increased public and private investment in biotechnology, along with strong support from research institutions, fosters innovation. Additionally, rising regulatory demands for ethical testing methods are further accelerating market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Sweden organ on a chip market, including forecasts for subscribers. This country databook contains high-level insights into Sweden organ on a chip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Sweden organ on a chip market report size, by product & service, 2018-2030 (US$M)
Sweden Organ On A Chip Market Share, 2024 & 2030 (US$M)
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