The Global Tissue Engineering Market is growing at a steady pace and is expected to grow at a CAGR of 17.22 % during review period 2017-2022. Due to increasing advancement in the healthcare technology, consistent supply of functional tissues, and advantage of tissue engineering methods such as it has replaced animal used for drug testing in pharmaceuticals, drive the growth of the market. Since the technique is cost-effective, it will boost the market growth.
The Global Tissue Engineering Market has been evaluated to grow at a steady pace and expected to reach at a high growth figures over the reviewing period. Tissue engineering is the use of combination of cells, engineering materials, and suitable biochemical factors to improve or replace biological functions in an efforts to repair damaged tissues and organs.
Neurology segment is one of the fastest growing owing to the increasing research & development and increasing cases of disorder related to nervous system. For instance, in March 2016, In the University of Alabama researchers found a reprogramming factor, which could increase the efficiency of Human induced Pluripotent Stem Cells (HiPSCs) and are generated without destroying the human embryo. These are major factor responsible for the growth of the market during forecast period.
Global Tissue Engineering Market – Key Findings
- The Global Tissue Engineering Market is expected to reach USD 48,017.5 million by 2022 at CAGR of 17.22%.
- Nano-fibrous material segment on the basis of material holds the largest share to reach USD 13,279.2 million by 2022 from USD 4,155.8 million in 2016.
- The Americas holds the largest share of tissue engineering market and is projected to reach USD 17,889.6 million by the end of the forecast period.
- Asia Pacific is the fastest growing region across the globe and expected to grow at a CAGR of 15.24% during the forecast period.
Global Tissue Engineering Market – Segmentation
Tissue engineering market has been segmented on the basis of materials, which comprises of biomimetic materials, nano-fibrous materials, composite materials, and nano-composite material.
On the basis of applications, the market is segmented into orthopedics, musculoskeletal and spine, skin/integumentary, cancer, dental, cardiology, urology, neurology, cord blood & cell banking, GI & gynecology, and others.
Global Tissue Engineering Market – Major Players
Some of the key players in the global market:
- DePuy Synthes Companies
- Zimmer Inc.
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Global Tissue Engineering Market – Regional Analysis
The Global Tissue Engineering Market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas dominates the global market, particularly, North America due to growing developments in the field of regeneration surgeries, particularly stem cell research has created new opportunities for the global tissue engineering market. Additionally, continuous technological development methods and the presence of global market leaders contribute to the market growth.
Europe accounts for the second largest market due to availability of funds for research & development activities, and increasing government support for life sciences domain. Furthermore, industries are continuously focusing and upgrading the 3D technology and thereby offering better and enhanced organ and tissue printing methods.
Asia Pacific is the fastest growing market, whose growth is attributed to the improved economic conditions in healthcare domain, the government focus on research & development in healthcare sector. Moreover, increasing adoption of technological development in healthcare resulting in improvement of healthcare facilities expected to drive the market growth during the forecast period.
The Middle East & Africa is expected witness limited growth due to limited access to the healthcare resources and lack of advanced medical facilities and less government encouragement in healthcare sector.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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