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2024-2033 Human Liver Model Market: What Growth Rate is Predicted?

In recent times, there has been a swift expansion in the size of the human liver model market. An anticipated growth from $2.07 billion in 2023 to $2.33 billion in 2024, with a compound annual growth rate (CAGR) of 12.7%, is projected. This growth during the historical period can be related to the requirement of drug development, progression in biotechnology, alternatives to animal testing, the surge in liver-related ailments, and regulatory requirements.

The market size for the human liver model is projected to experience a significant increase in the upcoming years. Its growth is predicted to reach $3.79 billion by 2028, with a compound annual growth rate (CAGR) of 12.9%. Factors contributing to this growth in the projected period include the integration of artificial intelligence and machine learning, patient-derived liver models, advancements in bioengineering, requirements for drug safety and toxicity examination, and virtual clinical trials. Important trends for the projection period encompass the integration of multi-organ models, novel developments in 3d bioprinting, high-capacity screening capability, improved vascularization and blood flow, along with ethical and regulatory conformities.

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What Aspects Are Driving the Expansion of the human liver model Market?

With the surge in liver disease incidents, the human liver model market is predicted to expand. These diseases can disrupt normal liver functions or prevent it from working entirely. Emerging research on human liver models may potentially increase our comprehension of liver diseases and aid in the development of drugs. As a result, the human liver model market is being driven by an increase in liver disease cases. For example, Caner Australia, a government cancer agency based in Australia, reported in September 2022 that approximately 2,905 new liver cancer cases (2,113 males and 792 females) were diagnosed in the country. Furthermore, the risk of developing liver cancer by the age of 85 in 2022 is projected to be 1 in 103 (0.97%), 1 in 70 (1.4%) for men, and 1 in 195 (0.51%) for women. Thus, the escalating liver disease incidents are fuelling the growth of the human liver model market.

What Are the Significant Segments of the Human Liver Model Market?

1) By Product: Liver Organoids, Liver-On-A-Chip, 2D Models, Animal Models, 3D Bioprinting

2) By Application: Educational, Drug Discovery, Other Applications

3) By End Users: Research Institutes, Pharmaceutical Companies, Other End Users

What Trends Are Influencing the Evolution of the Human Liver Model Market?

In the human liver model market, product innovation has surfaced as a leading trend that is increasing in popularity. Major corporations working in this sector are focusing on the development of innovative products to solidify their market standing. For example, a US company specializing in human cell and tissue-based solutions, LifeNet Health Life Sciences, introduced TruVivo in April 2023. This is a revolutionary liver system, composed entirely of human cells, designed to assist in the vital research and creation of new drugs and compounds. This cutting-edge 2D+ solution merges the comprehensive data associated with 3D models with the straightforwardness and adaptability of a 2D model.

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Which Geographic Areas Are Influencing the Growth of the Human Liver Model Market?

North America was the largest region in the human liver model market in 2023. The regions covered in the human liver model market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Human Liver Model Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the human liver model market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Human Liver Model Market Include

1. Human Liver Model Market Executive Summary

2. Human Liver Model Market Segments

3. Human Liver Model Market Size And Template Market Growth Rate

4. Key Human Liver Model Market Trends

5. Major Human Liver Model Market Drivers

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25. Key Mergers And Acquisitions In The Human Liver Model Market

26. Top Human Liver Model Companies

27. Human Liver Model Market Opportunities And Strategies

28. Human Liver Model Market, Conclusions And Recommendations

29. Appendix

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