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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Some key findings from the report:
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For this study, Reports and Data has segmented the global human liver models market based on Type, Application, End Use, and Region:
Based On Type: (Revenue, USD Billion, 2018 – 2028)
Based On Application: (Revenue, USD Billion, 2018 – 2028)
Based On End Use: (Revenue, USD Billion, 2018 – 2028)
Based On Region: (Revenue, USD Billion, 2018 – 2028)
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