“Stem Cell Regenerative Medicine Market: Global Demand Analysis & Opportunity Outlook 2021”
The global stem cells & regenerative medicine market is segmented into technology such as tissue engineering, cryopreservation, cellular therapeutics and expansion & sub-culture. Among these segments, tissue engineering segment is expected to occupy the top position in the market. The rise of the tissue engineering segment is backed by growing use of tissue engineering and regenerative medicines in biomedical sector for repair and regeneration of diseased tissue.
Global stem cell regenerative medicine market is expected to register a 12.7% CAGR over the forecast period. Moreover, the global stem cell regenerative medicine market is expected to reach at notable revenue of USD 50.1 Billion by the end of 2024. The market is expected to expand on the back of increasing demand for bone and joint reconstructive surgeries across the globe. Further, growing awareness amongst the population regarding benefits of steam cells therapy is expected to foster the growth of global stem cells & regenerative medicine market.
The synthetic and biologically derived material segments by application are likely to grow at a remarkable pace during the forecast period. Remarkable characteristics of these materials such as cellular adoption and higher immune response are likely to be the major factors behind the growth of these segments during the forecast period.
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Rapid Shift and Advancements in Healthcare research
Increasing translational research in tissue engineering and molecular biology is likely to fuel the growth of steam cells & regeneration medicines market. Moreover, growing use of stem cells & regenerative medicines in replacing or regeneration of human cells, tissue or organs is a major factor which is anticipated to drive the growth of global stem cells & regenerative medicines market over the forecast period. Additionally, advancements in nanotechnology and growing use of nano-materials in wound care, drug delivery and immunomodulation are likely to allow the stem cells & regenerative medicines market to grow at remarkable pace in near future.
Increasing Prevalence of Degenerative Diseases
Increasing prevalence of degenerative diseases such as cardiovascular diseases, cancer and chronic diseases is a key factor which is fueling the growth of stem cells and regenerative medicines market. Furthermore, technological advancements in tissue and organ regeneration and growing incidences of organ transplantation across the globe are some of the key factors which are predicted to bolster the growth of stem cells regenerative medicines market over the forecast period. However, high cost of treatment, stringent regulatory barriers, and lack of technology in various undeveloped countries are some of the factors that are likely to inhibit the growth of the Stem Cells & Regenerative Medicine Market in the near future.
The report titled “Stem Cell Regenerative Medicine Market : Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global stem cell regenerative medicine market in terms of market segmentation by material, by technology, by end-user and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global stem cell regenerative medicine market which includes company profiling of Advanced Cell Technology Inc., Cellartis AB, Cellular Engineering Technologies Inc., Bio Time Inc., International Stem Cell Corporation, Medtronic, Inc., Zimmer Holdings, Inc., Orthofix, Inc. and NuVasive, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global stem cell regenerative medicine market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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