The latest niche market study “Global Regenerative Medicine Market Drivers, Restraints, Potential Growth Opportunities, Product Size, Application Estimation, Vendor Competitive Landscape, Trends and Forecast 2018-2025” published at AdroitMarketResearch.com
The global regenerative medicine market size valued at $ xx million in 2016 and is expected to reach at $ xx million with a steady CAGR of xx% over the forecast period. The sudden growth in the aging population, increase in expenses of global healthcare, private funds & government supports in the development of regenerative medicine and increasing genetic as well as chronic disorders are the prime factors driving global regenerative medicine market’s growth.
Regenerative medicine is a growing field of medicine that includes the biological process of repairing, replacing and regenerating tissues as well as human cells for proper functioning. Traditionally, in regenerative medicine, solid organ and bone marrow transplants were done. Nowadays, development in immunology, cell biology and other areas have given new opportunities to re-develop the current regenerative therapies.
Three major types of regenerative medicine:
Rejuvenation: Boosts the body’s own ability to heal itself. For example, after a cut, our skin heals within some days, whereas other organs do not repair by itself.
Replacement: By using healthy cells, damaged cells are replaced in the body. For instance, organ transplants including liver and heart transplants.
Regeneration: Specific type of cells are used to restore the damaged organs or tissues like, the bone marrow transplant.
The regenerative medicine industry is evolving as one of the most cost-effective and definitive healthcare solutions.
Stem Cells in Regenerative medicine industry:
Stem cells have the potential to develop into several types of cells such as lung cells, brain cells, and skin cells with the help of the differentiation process. Teams of regenerative medicines are working on various stem cells which includes embryonic and adult stem cells. Moreover, studies are been performed on progenitor cells which are found in the blood of the umbilical cord and induced pluripotent stem cells (one of the bioengineered cells). The main component of regenerative medicine is stem cells, as it provides opportunities to innovative clinical applications as well as bolsters the regenerative medicine market size globally.
Furthermore, regenerative medicine provides treatments for peripheral vascular and musculoskeletal disorders. Regenerative medicine treatments can be helpful in reducing pain such as knee, hip, shoulder, back, elbow, neck and wear & tear of injuries.
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Below are various treatments of regenerative medicine:
Percutaneous Tenotomy: To treat tendon related pain and tendonitis, ultrasound-guided percutaneous tenotomy technique is used. It is an in-house procedure in which no incision is done.
Prolotherapy: In this technique, medications are vaccinated into a damaged musculoskeletal body part with the aim of regenerating tissue. To relieve pain, ligament structures should be made strong.
Platelet Rich Plasma (PRP): Use individual’s blood plasma to heal wounded areas of the body. Blood plasma is removed from the body and plasma plus platelets are separated & vaccinated into the damaged area.
Stem Cell Therapy: Uses concentrated stem cells harvested from fat tissue/ adipose tissue or bone marrow to reduce pain and repair tissue at damaged muscle, ligament, joint or tendon.
Increase in regenerative medicine treatments due to the regenerating and restoring ligaments, tendons and joints are playing the major role to scale up the regenerative medicine market globally.
Benefits of Regenerative Medicine which are helping to upsurge the growth of the market globally:
Faster Recovery: Growth factors are used in regenerative medicine that helps to process the regeneration of tissues and organs which leads to faster healing.
Reduced pain and enhanced healing: Regenerative medicine mainly focuses on diagnosing the main reason for pain. Stem cell therapy and PRP delivers growth factors to the damaged part which helps in curing tissues. This enables patients to experience less pain while healing instead of medicines used traditionally.
Increase functionality: Regenerative medicine stimulates producing collagen in the body that makes tendons and tissues strong and allows performing day to day tasks easier.
Reduced pain and risk of future injuries: Collagens make tendons in the joint strong and tight, reducing the risk of pain and future injuries.
Developing technology in gene therapy and cell-based therapy are the main factors fueling the global regenerative medicine industry. Induced Pluripotent stem cells have experienced a rapid growth in the stem cell developments to treat the disorder. Gene therapy is anticipated to witness a substantial growth in editing technology and gene sequencing. Cas genes technology and CRISPR (family of DNA sequences in bacteria & archaea) will help to increase the efficiency of gene therapy, used in the treatment of degenerative, metabolic and genetic disorders. Regenerative medicine is segmented into oncology, cord blood, orthopedics, urology, neurology, cardiovascular, dermatology and many more.
North America is expected to hold the highest regenerative medicine market share which invests in oncology and stem cell research. Presence of organizations such as National Cancer Institute, Alliance for Regenerative Medicine, National Institutes of Health and International Society for stem cell research supports the research and development of regenerative medicine which is accelerating the growth in this region.
The players focusing on the development of regenerative medicine market size are Merck & Co., Integra Life Sciences Corporation, Pfizer Inc among others.
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