Growth Drivers
Rising Prevalence of Infectious Disease – Human organoids offer a chance to enhance human health in connection to infectious illnesses. Annual influenza A and B epidemics in the US from 2010 to 2020 caused 9–45 million infections, 140,000–810,000 hospitalizations, and 12,000–61,000 fatalities per year. Moreover, SARS-CoV-2 caused more than 22.3 million reported infections and more than 373,000 fatalities from COVID-19 in the US between January 21, 2020, and January 11, 2021.
Higher Procedure of Organ Transplantation – Human organoids are helpful in drug testing of transplantation therapy. Compared to the number of available organs, a lot more people need transplants. While 95% of American adults support organ donation, just 54% are actually registered donors.
Higher Use of Human Genes for Experiment – Human organoids can study human genes for treating major disease, such as cancer, genetic disorders, and others. More than 300 million samples of human tissue are thought to exist in various collections around the globe.
Increasing Clinical Trials for Regenerative Medicines – Preclinical drug testing of regenerative medicines uses human organoids in biomedical research. There are now more than 1,500 clinical trials including regenerative medicine. Clinical trials for regenerative medicine grew overall between 2005 and 2018, with the highest percentage that is around 10% of studies occurring in 2020.
Rising Investment in Organoids Development - Investment in organoids study is likely to drive market growth. Prior to Phase 2a studies, LyGenesis, Inc. has raised USD 4 million, which works as a stepping stone to a larger investment round in 2020.
Challenges
Base Year |
2022 |
Forecast Year |
2023-2035 |
CAGR |
~18% |
Base Year Market Size (2022) |
~ USD 2 Billion |
Forecast Year Market Size (2035) |
~ USD 3 Billion |
Regional Scope |
|
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
18.2% |
Base Year Market Size (2024) |
USD 2.83 billion |
Forecast Year Market Size (2037) |
USD 24.88 billion |
Regional Scope |
|
Author Credits: Radhika Pawar
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