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Venkat Reddy
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Human Liver Models Market to Grow at a CAGR of 11.4% During the Forecast Period 2020-2025
Increasing Need for Early Detection of Drug Toxicity in Patients Driving the Growth of Human Liver Models Market.

Human Liver Models Market, 8/10/2020 - Human Liver Models Market size is $163.40M in 2019, growing at a CAGR of 11.4%% during the forecast period 2020-2025. A human liver model is a structure that is used to check toxicity associated with the drug which may result in liver failure or other related liver disease. This helps to create a better understanding of liver disease and complex spatial relationship of internal anatomy of liver. It enables to develop a better understanding of liver disease and complex spatial relationships of the internal anatomy of the liver. The advanced liver models are mini-organs or organoids that are expected to replicate human liver physiology, anatomy, and functions from molecular layer upward. Liver organoids have numerous applications owing to their advantages over cell cultures such as their ability to mimic the tissue function and disease pathology. They are thus used in research applications, disease modelling, drug screening, gene therapy and organ replacement.

Key Takeaways

Increasing demand for operative treatment methods regarding the liver is set to propel the growth of the market.

Increasing number of initiatives to create an awareness regarding the liver organoids is the driving factors for the growth of Human Liver Models market.

Increasing R&D funding and venture capital investments for the development of liver models aiding growth towards the market.

Europe region is estimated to record the fastest growth rate during the forecast period 2020-2025.

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.Geography - Segment Analysis

In 2019, the North America region dominated Human Liver Models Market in terms of revenue is estimated to grow at a CAGR of 10.4% owing towards the presence of established in this region. This growth can be attributed towards the increasing research & development initiatives and government support for the improvement of the healthcare sector. The increasing awareness about the health and availability of new treatment methods drives the market in this region is key factors in the growth of the Human Liver Models market. Europe is estimated to record the fastest growth rate during the forecast period 2020-2025.

Drivers – Human Liver Models Market

Increasing Need For Early Detection Of Drug Toxicity In Patients

Human Liver Models Industry Outlook

Product Launches was the key strategy of the players in the Human Liver Models Industry. Human Liver Models top 10 companies include CN Bio Innovations, Corning Incorporated, Emulate, Inc., Hurel Corporation, InSphero, BioIVT, Regenovo, CellLink Lifescience, Pandorum, Organovo Holdings Inc. and Organovo Holdings Inc.

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