Organ-on-Chip Market: A Game-Changer in Healthcare and Drug Development
The global organ-on-chip (OOC) market is transforming the healthcare and pharmaceutical industries, offering an ethical and efficient alternative to traditional drug testing methods. With a market valuation of $103.44 million in 2020, it is projected to surge to $1.6 billion by 2030, growing at a remarkable CAGR of 31.1%. What is Organ-on-Chip Technology? Organ-on-chip (OOC) technology is a revolutionary approach that integrates multi-channel 3D microfluidic cell culture devices to mimic the structure and function of human organs. By leveraging lab-on-chip (LOC) technology, these devices simulate organ activity and physiological responses, significantly improving drug testing and disease modeling.