• Popular
    • Medicine
    • Radiology
    • Cardiology
    • Surgery
    • Nanomedicine
    • Military Medicine
    • Rehab
  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS
  • Submit PR
  • Log in
Medgadget
Medgadget
  • Popular
    • Medicine
      Nanoparticles Get Lymphatic Vessels Pumping

      Nanoparticles Get Lymphatic Vessels Pumping

      Levels Is Making Metabolism and Blood Glucose Tracking Accessible To Everyone

      Levels Is Making Metabolism and Blood Glucose Tracking Accessible To Everyone

      CRISPR Combined with Glowing Proteins for Viral Detection

      CRISPR Combined with Glowing Proteins for Viral Detection

      Biomimetic Construct Models Burn Injuries

      Biomimetic Construct Models Burn Injuries

    • Radiology
      Imaging Technique Reveals Contraction Patterns During Labor

      Imaging Technique Reveals Contraction Patterns During Labor

      Moving Cells Using Ultrasound

      Moving Cells Using Ultrasound

      Ultrasound Catheter to Treat Hypertension

      Ultrasound Catheter to Treat Hypertension

      Antibacterial Smart Sutures Visible in CT Scans

      Antibacterial Smart Sutures Visible in CT Scans

    • Cardiology
      Scientists Grow Electrodes Inside The Body

      Scientists Grow Electrodes Inside The Body

      Patient-Specific Soft Robotic Heart Replicas for Treatment Planning

      Patient-Specific Soft Robotic Heart Replicas for Treatment Planning

      Tiny Patch for Cardiac Ultrasound Imaging

      Tiny Patch for Cardiac Ultrasound Imaging

      Belt Monitors Heart Failure Patients

      Belt Monitors Heart Failure Patients

    • Surgery
      Nanoparticles Get Lymphatic Vessels Pumping

      Nanoparticles Get Lymphatic Vessels Pumping

      Biomimetic Construct Models Burn Injuries

      Biomimetic Construct Models Burn Injuries

      Exclusive Look at HandX Robotic-Assisted Surgical Device from Human Xtensions

      Exclusive Look at HandX Robotic-Assisted Surgical Device from Human Xtensions

      Self-Assembling Peptides as a Bioink

      Self-Assembling Peptides as a Bioink

    • Nanomedicine
      Nanoparticles Get Lymphatic Vessels Pumping

      Nanoparticles Get Lymphatic Vessels Pumping

      Bottlebrush Particle for Synergistic Drug Combinations

      Bottlebrush Particle for Synergistic Drug Combinations

      Extra Hot Nanoparticles for Cancer Therapy

      Extra Hot Nanoparticles for Cancer Therapy

      Making Tumors Tastier for the Immune System

      Making Tumors Tastier for the Immune System

    • Military Medicine
      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fabric Makes Electricity from Movement to Power Wearables

      Fabric Makes Electricity from Movement to Power Wearables

      Wearable Uses Microneedles to Track Metabolism

      Wearable Uses Microneedles to Track Metabolism

    • Rehab
      Empowering Stroke Survivors: Interview with Kirsten Carroll, CEO at Kandu Health

      Empowering Stroke Survivors: Interview with Kirsten Carroll, CEO at Kandu Health

      Smart Walking Stick for Visually Impaired People

      Smart Walking Stick for Visually Impaired People

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Non-Invasive Spinal Modulation for Cerebral Palsy

  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Log in
  • Submit PR
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS

COVID-19 Impact on Tissue Engineering Market Size, Latest Trends, Applications, Key Insights, Growth Statistics, Dynamics and Global Share Value By 2024

June 19th, 2020 Market Research Future Releases

COVID-19 Impact on Tissue Engineering Market Size, Growth and Share Analysis by Material (Nano-fibrous Material, Biomimetic Material, Composite Material and Nano-composite Material), Applications (Orthopedics, Musculoskeletal and Spine, Skin/Integumentary, Cancer, Dental, Cardiology, Urology, Neurology, Cord Blood & Cell Banking and GI & Gynecology) and Region – Forecast to 2024

Market Research Future (MRFR), in its recent study on the COVID-19 Impact on Tissue Engineering Market size, asserts that the market is expected to reach USD 53,424 million with a CAGR of 17.84% during the forecast period.

Tissue engineering is designed to affect the physical, chemical, and biological environment surrounding the population of cells. It is an interdisciplinary field that uses the principle of engineering and life science to the development of biological products that help enhance the functioning of tissues or an entire organ. Tissue engineering provides solutions that can replace or repair tissues, including transplantation, surgical reconstruction, and medical devices.

Global tissue engineering market has been mainly driven by an increasing geriatric population, an increase in the incidence of chronic and infectious diseases, 3D bioprinting emerging as a novel strategy for tissue engineering due to its cost-efficiency, and an increase in companies focus on tissue engineering therapies. According to the National Statistics Office in 2017, roughly 18% and 2.4% of the total population in the United Kingdom were over 65 years old and 85 years old, respectively. As a result, a growing geriatric population has a positive effect on the growth of the global tissue engineering market.

Request Free Sample Copy at:  https://www.marketresearchfuture.com/sample_request/2134

Nevertheless, factors such as lack of awareness of tissue engineering, lack of qualified professionals, and strict regulatory policies are constraining tissue engineering market growth.

Covid-19 Analysis /Covid-19 Impact on the Global Tissue Engineering Market

In light of the current novel coronavirus (COVID-19) pandemic, there is a strong need for new diagnostic and therapeutic strategies to battle such diseases worldwide. Traditionally, tissue engineering focuses on applying engineering principles to biological systems, cooperation across disciplines, and rapid translation of technologies.

One of the critical problems of the COVID-19 pandemic is the shortage of supplies in the market for tissue engineering. Shipments of various laboratory supplies and products have been canceled, and, in most cases, delivery of most materials has been postponed. This has made it difficult for research laboratories and research-driven organizations to choose alternative approaches, thereby, seriously affecting the productivity of laboratory work in the last few months.

Financial risks include a significant risk of research volatility along with current socio-economic pressures to cut the price of any novel tissue engineering products that may be used in the treatment of diseases. Other risks include currency volatility and high fixed costs and operating costs, which push mid-sized enterprises at a high risk of loss.

In the last decade, technological advancements in tissue engineering have revolutionized the field of plastic surgery. Compared to plastic surgery, tissue engineering has proven to be more advanced and interdisciplinary. Increasing society’s preference for the use of stem cells, PRP (platelet-rich plasma), growth factors, and synthetic scaffolds for the treatment of facial defects are important factors providing opportunities for the global tissue engineering market. However, in the previous quarter, most regulatory authorities did not allow medical professionals to perform cosmetic surgery. As a result, there is a significant gap created in the demand and supply of tissue engineering products.

Although the world is afraid to reach the point of economic recession, 3D bioprinting is emerging as a new strategy for tissue engineering due to its cost-efficiency. This technology involves the precise layering of cells, growth factors, and biological scaffolding to create bioidentical tissues. 3D bioprinting has the potential to produce healthcare products at a low cost. For small-scale growth, the cost of 3D bioprinting is becoming low. 3D bioprinting is also useful in reducing manufacturing costs by reducing the use of unnecessary resources. While some technology companies have used other means to resolve the shortage of personal protective equipment caused by COVID-19, others are using 3D printing technology to produce samples of human organs and tissues for coronavirus testing.

Since public health authorities are struggling to find treatments for COVID-19, researchers and scientists are actively working to overcome the challenges. For example, companies such as Novoheart Holdings Inc. are seeking to speed up conventional drug and vaccine production processes without sacrificing patient safety by developing miniaturized versions of organs using 3D bioprinting and stem cell engineering. Since several companies are expanding the development of therapies and vaccines, with emergency authorization approvals and regulatory guidelines, 3D organs could be more commonly used as researchers, and companies are searching for a fast way to check the effects of drug therapies.

Several companies operating in this market are focused on improving the conditions of the community throughout the world. For example, as announced on 7 May 2020 by Allergan plc, the Allergan Foundation has fast-tracked another USD 2 million in charitable grants for community organizations responding to the COVID-19 pandemic. The new grants double the total donation of the Allergan Foundation to COVID-19, bringing the total to USD 4 million. The donations are devoted to 57 organizations working on the front lines of the community response to the pandemic in United States and internationally.

The world is facing a major global health crisis. The rate of infection and mortality from COVID-19 makes it different from any virus seen in this century. Physicists and scientists are working together to mitigate the spread of COVID-19. Thus, tissue engineering companies have a rare set of tools and can make significant contributions to the development of therapeutic and diagnostic platforms.

Tissue Engineering Market Segmentation

The global tissue engineering market has been segmented into material and application.

Based on material, the global tissue engineering market has been divided into nano-fibrous material, biomimetic material, composite material, and nano-composite material.

Based on the application, the global tissue engineering market has been classified as orthopedics, skin/integumentary, musculoskeletal and spine, cancer, dental, cardiology, urology, neurology, cord blood & cell banking, and GI & gynecology. The nano-fibrous material held a valuation of 3,625.6 USD million in 2018.

Tissue Engineering Market Regional Analysis

Region-wise, the global tissue engineering market has been divided into the Americas, Europe, Asia Pacific, and the Middle East & Africa.

The Americas are expected to lead the tissue engineering market, primarily due to the growing geriatric population and the availability of modern healthcare facilities in the region. Factors driving the growth of the tissue engineering market are increasing number of clinical trials to assess the therapeutic potential of products, increasing prevalence of chronic diseases, and rising awareness of therapeutic potential.

Europe is anticipated to have the second-largest tissue engineering market share in the forecast period. The factors contributing to market growth in this region are the high availability of R&D funding and increasing government support for the life science sector.

The Asia Pacific is expected to be the fastest-growing region in the global market for tissue engineering due to the biomaterial-based research, rising demand for plastic surgery, increasing incidence of cancer, and growing prevalence of cardiovascular disease. Japan had a market share of 25.3% in 2018.

Browse Detailed TOC with COVID-19 Impact Analysis at:  https://www.marketresearchfuture.com/report/covid-19-impact-tissue-engineering-market

The tissue engineering market in the Middle East & Africa is projected to register the lowest market share in the forecast period. The tissue engineering market is likely to expand due to the growing use of tissue engineering in the treatment of various chronic diseases in Saudi Arabia, the UAE, and Kuwait.

Tissue Engineering Market Key Players

The prominent participants in the global tissue engineering industry are Stryker, Allergan, Medtronic, Zimmer, Cook Medical, Baxter International, Organovo Holdings Inc, Integra LifeSciences, DePuy Synthes, and Acelity. Players functioning in this market are focused on product releases and expanding their global presence by reaching untapped markets.

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

Sign up and submit a press release

Sponsored
Venture builder BHV Partners launches Conus Airway to improve anaesthesia  and respiratory surgery

Venture builder BHV Partners launches Conus Airway to improve anaesthesia and respiratory surgery

FDA Expands Indications for Use of FibroScan® for Comprehensive Liver Management

FDA Expands Indications for Use of FibroScan® for Comprehensive Liver Management

machineMD and Varjo revolutionize the diagnosis of brain disorders with a VR-based eye-tracking solution 

machineMD and Varjo revolutionize the diagnosis of brain disorders with a VR-based eye-tracking solution 

Ax-Surgi Hemostat gets FDA Clearance for Surgical Bleeding Control

Ax-Surgi Hemostat gets FDA Clearance for Surgical Bleeding Control

Clarius Report Finds 85% of Clinicians Believe Ultrasound Leads to Better Patient Outcomes

Clarius Report Finds 85% of Clinicians Believe Ultrasound Leads to Better Patient Outcomes

interviews & reviews
Levels Is Making Metabolism and Blood Glucose Tracking Accessible To Everyone

Levels Is Making Metabolism and Blood Glucose Tracking Accessible To Everyone

Imagene Profiles Cancer Biomarkers in Real Time

Imagene Profiles Cancer Biomarkers in Real Time

Empowering Stroke Survivors: Interview with Kirsten Carroll, CEO at Kandu Health

Empowering Stroke Survivors: Interview with Kirsten Carroll, CEO at Kandu Health

Alpha TAU Killing Tumors With Highly Targeted Alpha Radiation

Alpha TAU Killing Tumors With Highly Targeted Alpha Radiation

Neuroimmune Modulation for Inflammatory Disease: Interview with Dr. Simhambhatla, President and CEO of SetPoint Medical

Neuroimmune Modulation for Inflammatory Disease: Interview with Dr. Simhambhatla, President and CEO of SetPoint Medical

Exclusive Look at HandX Robotic-Assisted Surgical Device from Human Xtensions

Exclusive Look at HandX Robotic-Assisted Surgical Device from Human Xtensions

Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

  • Subscribe
  • Contact us
  • Submit
  • About
  • Back to top
Medgadget

Medical technologies transform the world! Join us and see the progress in real time. At Medgadget, we report the latest technology news, interview leaders in the field, and file dispatches from medical events around the world since 2004.

  • About
  • Editorial policies
  • Contact
  • Terms of Service
  • Privacy
  • Submit press release
  • Advertise
© Medgadget, Inc. All rights reserved. | The Medical Revolution Will Be Blogged.
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content! Thank you!
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Email