The global human liver models market size is expected to reach USD 5.5 Billion by 2028 and register a CAGR of 13.9% over the forecast period, according to the latest report by Reports and Data. Increasing emphasis on developing enhanced liver models as an alternative to animal testing models is boosting global human live models market revenue growth currently.
The liver plays a vital role in a variety of functions such as production of bile, blood clotting synthesis, and synthesis of glucose. Liver models are obtained from single fetal progenitor live cells. These models offer a virtual ecosystem that mimics molecular process, physiology, and anatomy of the liver. These liver models are known as organoids and are gaining increasing preference over animal testing models. High adoption of human liver models for novel drug screening, increasing investments in research and development activities by leading companies, and government initiatives to promote liver organoids are factors fueling market growth. Rising prevalence liver infections and utilization of liver models for developing various drugs and gene therapy is further augmenting growth of the global market.
Major market players are deploying various strategies such as entering into mergers and acquisitions, collaborations, and joint ventures, and launching new product to sustain drive revenue growth and expand product portfolio and offerings.
However, some key factors expected to restrain market growth during the forecast period include lack of well-trained professionals to set up systems, run experiments, and provide data along with unavailability of 3D infrastructure and essential instruments and equipment.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Emulate Inc., Ascendance Bio, Organovo Holdings Inc., CN Bio Innovations, Cyfuse Biomedical, HìREL, InSphero, BioIVT, and Mimetas.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Human Liver Models market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Human Liver Models industry, the market is segmented into:
Based On Type: (Revenue, USD Billion, 2018 - 2028)
- Liver Organoids
- 2D Models
- Animals Models
- 3D Bioprinting
Based On Application: (Revenue, USD Billion, 2018 - 2028)
- Drug Discovery
Based On End Use: (Revenue, USD Billion, 2018 - 2028)
- Research Institutes
- Biotechnology and Pharmaceutical Companies
The regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Benefits of Human Liver Models Market Report:
- Panoramic overview of the opportunities and risks in the Human Liver Models sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Human Liver Models industry
- In-depth assessment of the competitive landscape of the key players of the Human Liver Models industry
- Analysis of the Human Liver Models market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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