The Global Regenerative Medicine Market garnered $5,444 million in 2016 and is likely to accrue a sum of $ 39,325 million by 2025, growing at a CAGR of 32.2% during the forecast period, 2017 to 2023.
The report elaborately analyzes the drivers, restraints, and opportunities of the regenerative medicine market. Factors such as high adoption of stem cell technology, emerging application of nanotechnology, increasing prevalence of chronic diseases and trauma emergencies, and advancements in medical equipment technologies drive the growth of the market. However, ethical hurdles and costly treatment associated with regenerative medicine hinder the growth of the market. Conversely, lucrative opportunities of novel stem cell technologies, increasing potential in emerging economies, and growing need for regenerative medicine in organ transplantation offer significant growth opportunities for the market.
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The report presents a detailed analysis of the segments of the regenerative medicine market. The market is classified into product type, material, application, and geography. Based on product type, the study is bifurcated into cell therapy, gene therapy, tissue engineering, and small molecule & biologic. The small molecules and biologics segment is likely to grow at the highest CAGR during the analysis period. The cell therapy segment captured about three-fifths of the overall market share in 2016. Based on material, the market is divided into synthetic material, biologically derived material, genetically engineered material, and pharmaceutical. Application wise, the report segments the market into cardiovascular, oncology, dermatology, musculoskeletal, wound healing, ophthalmology, neurology, and others. Regionally, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA. North America dominated global market in 2016, and is projected to continue its dominance in future.
A broad analysis of the players operating in the market is also offered in the study. Details such as their overview, their business segments under operation, key strategic moves and developments, and more are explained. The companies profiled in the report include Stryker Corporation, Zimmer Biomet Holdings, Inc., Medtronic Plc., Athersys, Inc., U.S. Stem Cell, Inc. (Bioheart, Inc.), Organogenesis, Inc. (Advanced Biohealing), Integra Lifesciences Holdings Corporation, Acelity Holdings, Inc., Isto Biologics (Isto Biologics Medical Systems, Inc.), and CryoLife, Inc.
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