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Organoids and Spheroids Market – By Type (Organoids, Spheroids), Application (Developmental Biology, Personalized Medicine), End-use (Pharmaceutical and Biotechnology Companies, Academic and Research Institutes) – Global Forecast (2024 2032)
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Organoids and Spheroids Market
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Base Year: 2023
Companies covered: 10
Tables & Figures: 296
Countries covered: 22
Pages: 180
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Organoids and Spheroids Market Size
Organoids And Spheroids Market was valued at USD 1.1 billion in 2023 growing at a CAGR of 19.1% between 2024 and 2032, driven by factors such as the increase in demand for personalized medicines, a rise in investments toward R&D activities, and a shift in preference toward organoid 3D cell cultures for cancer research.
Moreover, the surge in technological advancement in 3D spheroids technologies is expected to boost the market growth. For instance, in July 2023, Molecular Devices, LLC., a leading high-performance life science solutions provider, continues industrializing biology with its organoid line expansion services to support next-generation drug discovery. The offering leverages proprietary bioreactor and bioprocess technology to scale up the production of standardized, assay-ready organoids originating from customer-supplied organoid lines or patient-derived xenografts (PDX).
Organoids are complex, self-organizing structures derived from stem cells or tissue-specific progenitor cells. Organoids can be generated from various cells and including pluripotent stem cells or adult tissue-specific stem cells and can recapitulate the cellular diversity and spatial organization found in native tissues. Spheroids are simple aggregates of cells that form rounded, 3D structures in culture. Unlike organoids, which aim to replicate the structural and functional complexity of specific tissues or organs, spheroids are often composed of one or more cell types and lack the tissue-specific organization seen in organoids.
Organoids and Spheroids Market Trends
Organoids and spheroids Market Analysis
Based on the type, the global market is classified into organoids and spheroids. The organoids segment dominated the market with revenue of USD 796.9 million in 2023.
Based on the application, the global organoids and spheroids market is classified into developmental biology, personalized medicine, regenerative medicine, disease pathology studies, and drug toxicity & efficacy testing. The developmental biology segment dominated the market with market share of 32.1% in 2023.
Based on end-use, the organoids and spheroids market are classified into pharmaceutical and biotechnology companies, academic & research institutes, and hospitals & diagnostic centers. Pharmaceutical and biotechnology companies’ segment is expected to exhibit 19.4% CAGR between 2024 - 2032.
In 2023, North America secured a substantial market share of 42.7% in the global organoids and spheroids market and is expected to dominate throughout the forecast period.
The organoids and spheroids market in U.S. is expected to exhibit 19.3% CAGR between 2024 - 2032.
Germany to experience the highest growth rate in the market, outstripping other countries in Europe in the assessment period.
The India organoids and spheroids market is expected to grow with a significant CAGR during the forecast period.
Brazil secured a substantial market share in the global market.
Organoids and Spheroids Market Share
The competitive landscape of the market is characterized by the presence of established pharmaceutical and biotechnology companies that involved in stem cell research, drug discovery and development and tissue engineering & regenerative medicine vying for market share. Key players are engaging in strategic initiatives such as collaboration, investment, and partnerships to strengthen their product portfolio. The companies are actively adopting a multi-pronged approaches to address the rising demand for organoids and spheroids.
Organoids and Spheroids Market Companies
Prominent players operating in the organoids and spheroids industry are as mentioned below:
Organoids and Spheroids Industry News:
The organoids and spheroids market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Type
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries: