Growth factors are the promising molecules for the bone regeneration and wound healing process. However, their conversion to clinical use are limited and facing issues related to the safety and cost effectiveness. These growth factors are used at the supra-physiological level without any optimized delivery system. Extracellular matrix proteins play an important role in managing the growth factor signals. These are extracellular molecules which provide support to the surrounding cells. Extracellular matrix proteins also play an important role in the proliferation, survival, and development of cells that contact it. In human fetuses, extracellular matrix works with stem cell to grow and regrow organs. Research are being conducted to fully utilize these functions of extracellular matrix proteins. Extracellular matrix proteins serve as a growth factor binding agent and also work as a carrier for delivery of these growth factors.
Extracellular Matrix Proteins Market: Drivers and Restraints
Extracellular matrix protein market is driven by the increasing cases of tissues and organ damages. Ageing of the population is also a growth driving factor for extracellular matrix protein market as with the older age self-regeneration ability of humans body reaches to its limits. Due to technological advancements is possible to extract the cell growth driving factors and biding them to the extracellular matrix proteins which can be used for better wound healing. Increasing focus of biopharmaceutical companies and research organization on this area is also expected to drive the growth of extracellular matrix protein market. But incomplete understanding of the functioning of the extracellular matrix proteins due to the complex nature can restrict the growth of this market.
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Extracellular Matrix Proteins Market: Segmentation
The global extracellular matrix protein market can be segmented on the basis of source type, end user, and geography.
Based on the source type global extracellular matrix protein market can be segmented into:
- Cattle or Bovine
Based on the end user global extracellular matrix protein market can be segmented into:
- Biopharmaceutical Companies
- Academic Research Institutes
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Extracellular Matrix Proteins Market: Overview
Extracellular matrix protein has been found to cause healing and regrowth of the tissues. It also prevents the immune system to cause inflammation as a triggering effect, owning to these factors extracellular matrix protein market is expected to show significant growth. Cases of organ transplant are increasing these days, but it is not possible always due to lack of availability of organ donor, rejection of organ by body or infections. But these situation can be overcome with the help of extracellular matrix proteins. Human extracellular matrix protein segment is expected to be most attractive and highest revenue generating segment. Pig bladder extracellular matrix market is also expected to show significant growth as it is easily accessible and suitable for conducting the research. Academic institutes are conducting the research on extracellular matrix protein market to develop new technology or medication which can be helpful in the regeneration of bones and management of wounds.
Extracellular Matrix Proteins Market: Region Wise Outlook
Geography, the global extracellular matrix protein market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. North America followed by Europe is expected to dominate the extracellular matrix protein market attributed to the well-developed healthcare infrastructure, increasing focus of the research institutes on the development of new technology and presence of the big market players. Asia-Pacific market is expected to be fastest growing market owning to factors such as increasing research & development activities in this region and presence strong local players.
Extracellular Matrix Proteins Market: Key Players
Some of the market participants in the global extracellular matrix protein market are ThermoFisher Scientific, Lattice Biologics Ltd., DSM Biomedical Inc., AMS Biotechnology Limited, Sigma-Aldrich Co LLC, Corning Incorporated and CellSystems Biotechnologie Vertieb GmbH. Companies are focusing on the research & development activities to enhance the efficiency and effectiveness of extracellular matrix proteins in delivering growth factors.