Pune, Maharashtra, India, September 18, 2020 (Wiredrelease) Allied Analytics -: UPDATE AVAILABLE UPON REQUEST
The Regenerative Medicine market report offers a comprehensive analysis of the industry study. The report provides the correct segmentation along with all CAGR values for the forecast period 2019-2026. The report also provides a wide range of features, including drivers, restrictions and future opportunities. The report along with it also involves analyzing the rising trends and upcoming challenges in the market. The marketing research report examines the various segments and area units along with forecasts for future estimates. The major market players in the sector are outlined, along with their strategies and methodologies are systematically examined, which predict the competitive prospects of the regenerative medicine market.
The global regenerative medicine market was valued at $ 5,444 million in 2016 and is estimated to reach $ 39,325 million by 2023, posting a CAGR of 32.2% from 2017 to 2023. North America is the largest contributor to the market. regenerative medicine in 2016; however, Asia-Pacific is expected to see the highest growth rate during the forecast period.
Currently, most of the treatments available for degenerative or life-threatening diseases do not provide a cure or are palliative; however, regenerative drugs have the ability to replace or regenerate tissues and organs that are injured or diseased. Furthermore, the use of nanomaterials in wound care, drug delivery and immunomodulation creates growth opportunities for the regenerative drug market.
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Major drivers of market growth include technological advances in tissue and organ regeneration, the increased prevalence of chronic disease and traumatic emergencies, the prominent potential of nanotechnology, and the emergence of stem cell technology. Furthermore, the use of nanomaterials in wound care, drug delivery and immunomodulation has opened avenues for growth for the regenerative medicine market. However, strict regulations, operational inefficiency and high costs of regenerative medicine treatment are the key factors influencing the growth of the market. Furthermore, advances in stem cell technology and the achievement of core competencies in emerging economies are expected to fuel market growth. Developed countries have adopted technological advances in the areas of tissue engineering and regenerative medicine, which would help expand the global market.
The cell therapy segment accounted for a significant share of about three-fifths of the overall regenerative medicine market in 2016 due to the widespread adoption of cell therapy for the treatment of various diseases such as musculoskeletal, cardiovascular, oncology, wound healing and others. Small molecules and biologics have emerged as the fastest growing segment during the forecast period as these biologics are classic active substances that offer a better overall economic return. These molecules have revolutionized the treatment of specific diseases such as musculoskeletal diseases, cancer, rheumatoid arthritis and non-healing wounds.
The musculoskeletal and wound healing segment accounted for about three-fifths of the application market share in 2016. Cell therapies are used in the treatment of musculoskeletal diseases such as bone replacement, cartilage repair and replacement, tendons and ligaments. Additionally, osteoporosis is one of the most common diseases that require tissue engineering therapies. More than 75 million people suffer from osteoporosis each year in Europe, the United States and Japan, which increases the demand for regenerative drugs.
Geographically, North America accounted for the majority of the overall market share of regenerative medicine in 2016 and is expected to maintain this trend during the forecast period. This is attributed to the high capital investment, high disposable income of patients, numerous clinical trials and favorable government policies for the commercialization of tissue engineering and regenerative medicine products. However, Asia Pacific is expected to be the fastest growing region during the review period due to improved healthcare infrastructure and healthcare spending in emerging markets, such as India and China, to overcome unmet medical needs in these. countries.
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The main key players are:
Stryker Corporation, Zimmer Biomet Holdings, Inc., Medtronic Plc., Athersys, Inc., US 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.
The other prominent actors are:
Shimadzu Recursion Pharmaceuticals, Inc., Baxter International, Inc., DePuy Synthes Siemens Healthineers, General Electric (GE) Company, Koninklijke Philips NV, Cloudmedx, Inc., and Bay Labs, Inc.
Key Findings of the Regenerative Medicine Market:
• The Small Molecules and Biologicals segment is expected to grow at the highest rate among the product type segment during the analysis period.
• North America dominated the global regenerative medicine market in 2016 and is expected to continue to dominate in the future.
• China is expected to grow at the highest rate in the Asia-Pacific region during the forecast period.
• The bio-derived materials segment was the largest contributor among the materials segments in 2016.
• The synthetic materials segment generated the highest revenues and is expected to continue to dominate in the future.
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