The global Regenerative Medicine Market is estimated to reach USD 6.49 billion by 2027, registering a CAGR of 9.3% throughout the estimated timeframe, according to the latest report by Emergen Research. A high prevalence rate of geriatric populace, cancer, neurodegenerative, orthopedic, and age-related disorders are anticipated to boost the market growth. Additionally, the augmenting prevalence of genetic diseases and the expansion of biotechnology field is estimated to propel the industry’s demand.
Various applications such as tissue engineering, gene therapy, nanotechnology, and stem cells are anticipated to add traction to the regenerative medicine field. 3D printing is more in demand as compared to scaffolding to retain the organic and functional aspects of stem cells. Because a variety of drugs are available and their easy use in chronic wound healing, dermatology sector is anticipated to contribute to a sizeable share of the market in terms of revenue. Oncology, on the other hand, is forecast to expand at a rapid rate owing to the emergence of potentially enhanced and resilient regenerative drugs for treatment of carcinoma in the pipeline.
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North America accounts for the largest share of the market in terms for revenue of regenerative medicines market and is anticipated to continue to hold its chief position in the projected timeframe. Large number of universities and institutions are actively engaged in the exploring the scope of stem-cell based regenerative approaches.
Key Highlights from the Report:
- Incidences of cardiovascular diseases (CVD) is anticipated to drastically increase over the projected timeline due to the escalating sedentary lifestyles, unhealthy eating patterns, and major population with increased CVD risk factors.
- The application of primary cell-based therapies and advancements in the stem cells and progenitor cell therapies has added traction to the therapeutics segment.
- The major applications of primary cell based therapeutics are in dermatological, dental, and musculoskeletal sectors.
- Stem cell and progenitor-cell based therapies are foreseen to show significant due to escalating growth in stem cell research and escalating number of stem cell banks.
- Asia Pacific is expected to grow rapidly owing to the escalated adoption of cell-based strategies in healthcare and emergence of novice players.
- Major players of the industry include Pfizer Inc., Integra LifeSciences Corporation, Corline Biomedical AB, Astellas Pharma Inc., COOK BIOTECH, INC., Merck & Co., Inc., Abbott, Bayer BV, F. Hoffmann-La Roche Ltd, and AstraZeneca, among others.
- In 2018, Hitachi Chemical joined forces with SanBio Group and Daiichi Sankyo regarding regenerative medicines’ clinical manufacturing and production, which were developed by companies in the U.S. and Japanese markets.
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For this report, Emergen Research has segmented the Global Regenerative Medicine Market based on product, therapeutic category, application, and region:
Product Outlook (Volume, Million Tons; Revenue, USD Billion; 2017-2027)
- Therapeutics
- Tools
- Banks
- Services
Therapeutic Category Outlook (Volume, Million Tons; Revenue, USD Billion; 2017-2027)
- Dermatology
- Musculoskeletal
- Immunology & Inflammation
- Oncology
- Cardiovascular
- Ophthalmology
- Others
Application Outlook (Volume, Million Tons; Revenue, USD Billion; 2017-2027)
- Diabetes
- Musculoskeletal Disorders
- Oncology
- Wound Care
- Ocular Disorders
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Regional Outlook (Volume, Million Tons; Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- Rest of MEA
Research Report on the Regenerative Medicine Market Addresses the Following Key Questions:
- Who are the dominant players of the Regenerative Medicine market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Regenerative Medicine market?
- What are the key growth drivers and restraining factors of the Regenerative Medicine market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Regenerative Medicine market and its key segments?
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