Polaris Market Research recently published a research report on “Regenerative Medicine Market Share, Size, Trends, & Industry Analysis Report, By Therapy (Tissue engineering, Cell Therapy, Immunotherapy, Gene Therapy); By Products (Acellular Products, Cellular Products); By Application (Oncology, Dermatology, Orthopedic, Cardiology, CNS Disease, Diabetes, Others); By Region: Segment Forecast, 2020 – 2026” in its research database.
According to the research report, the global regenerative medicine market size & share was valued at USD 14.76 billion in 2017 and is anticipated to reach USD 79.23 Billion by 2026, growing at a CAGR of 20.5% during the forecast period.
What are Regenerative Medicines? How Big is Regenerative Medicine Market Share?
Regenerative medicine is a new form of medicine that focuses on replacing or regenerating human tissue or organs lost due to aging, disease, or trauma. The process involves tissue engineering, cellular therapies, and the production of artificial organs. Regenerative medicine also enables scientists to grow tissues and organs in laboratories and then implant them in the human body to heal itself.
Stem cells are also used in regenerative medicine to treat conditions such as type 1 diabetes, cardiovascular tissue repair, cell therapy, tissue engineering, organ transplants, and others. The regenerative medicine market is majorly driven by the growing investments in regenerative medicine research and the rising prevalence of chronic diseases and genetic disorders.
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Spotlight of The Report:
- Comprehensive information on the product portfolios of the top players in the market.
- An in-depth assessment of the geographic and business segments of the market.
- Regenerative medicine market segmentation on the basis of the type of product, application, and region.
- It offers a forward-looking perspective on the developing elements driving or controlling the business area’s development.
- The recent research and development projects performed by each key player.
- A thorough analysis of the market’s value chain and assess the effect of Porter’s five forces.
Some of the Top Market Player’s Profiles Covered in this Report Are:
- Organogenesis Inc.
- Vericel Corporation
- Osiris Therapeutics Inc.
- Stryker Corporation
- NuVasive Inc.
- Medtronic Plc.
- Cook Biotech Inc.
- Integra LifeSciences
- R. Bard
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Growth Driving Factors
- Growth in investments in regenerative medicine development to push the market growth
The rising awareness of the use of regenerative medicines to treat various conditions is fueling the growth of the market. A surge in the introduction of regenerative medicine products is another factor that supports this industry. Then, rapidly increasing geriatric populations worldwide, rising initiatives by the government, and increasing spending in regenerative medicine development are the crucial regenerative medicine market trends boosting the industry growth.
The rising focus of industry players to increase investment in the R&D of regenerative medicine is expected to positively influence industry development. Moreover, technological developments in stem cell-based therapies are contributing to the developments in the regenerative medicine market. Increasing investments by healthcare facilities in advertising & marketing are additionally expected to propel the market growth during the forecast period.
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- In July 2021, Pharming Group N.V. and Orchard Therapeutics together announced a collaboration for the development and commercialization of OTL-105, an ex vivo autologous hematopoietic stem cell gene therapy.
- In November 2019, Stryker Corporation (US) announced the acquisition of Wright Medical (US) to strengthen its product portfolio.
- Cell therapy type segment is likely to lead the market
Based on therapy type, the market is segmented into tissue engineering, cell therapy, immunotherapy, and gene therapy. Cell therapy is expected to hold the largest revenue share because of the growing research and development by various private companies and biopharmaceutical firms.
- Cellular products segment is projected to generate the highest share
By product type, the market is divided into acellular products and cellular products. Of all the cellular products is expected to witness the largest revenue share in the regenerative medicine market. The key factors contributing to the segment growth include the rising awareness of the use of stem cell therapies coupled with a surge in funding for the research for developing stem cells for treating various diseases.
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- North America is the largest regional market due to the presence of leading players in the U.S
By regions, the market is bifurcated into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. North America accounts for the largest regenerative medicine market share. The factors such as the presence of various key players in the U.S. and the availability of various technologies are majorly fueling regional growth. In addition, high finance for the development of new products by private and government firms is propelling the industry expansion.
Moreover, Asia Pacific is predicted to see faster growth throughout the anticipated period due to the rising emphasis on research and development to accelerate stem cell research in emerging nations. In Japan, the regenerative medicine law was approved by the Ministry of Health, Labor, and Welfare in April 2013, which raised the development of regenerative and cell-based therapies.
Browse the Detail Report “Regenerative Medicine Market Share, Size, Trends, & Industry Analysis Report, By Therapy (Tissue engineering, Cell Therapy, Immunotherapy, Gene Therapy); By Products (Acellular Products, Cellular Products); By Application (Oncology, Dermatology, Orthopedic, Cardiology, CNS Disease, Diabetes, Others); By Region: Segment Forecast, 2020 – 2026” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/regenerative-medicine-market
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Some of The Major Issues Addressed in The Report:
- What will be the market size in the near future with the top-most key vendors and regional analysis?
- Which target audiences are subjected to expanding high in the industry?
- What are the new developing opportunities and challenges for business advancement?
- Who are the leading players confronting and developing in the market?
- What are the major companies’ tactics for gaining a share?
- Which are the leading countries in the market?
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