29-May-2019 | Zion Market Research
Zion Market Research has published a new report titled “Regenerative Medicine Market by Product (Gene Therapy, Cell Therapy, Small Molecule & Biologic, and Tissue Engineering), by Material (Biologically-Derived Material, Synthetic Material, Pharmaceuticals, and Genetically Engineered Material), and by Application (Oncology, Cardiovascular, Musculoskeletal, Dermatology, Ophthalmology, Neurology, Wound Healing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global regenerative medicine market was approximately USD 10.07 billion in 2018 and is expected to generate around USD 48.97 billion by 2025, at a CAGR of around 25.4% between 2019 and 2025.
Regenerative medicine is the practice of substituting, engineering or restoring human organs, tissues, or cells to reinstate or establish their normal roles. Regenerative medicine has the potential to engineer impaired tissues and organs by stimulating the body’s repair mechanisms to heal previously irretrievable organs or tissues. Growing incidences of genetic disorders and chronic diseases, increasing investments by governments in regenerative medicine studies, rising number of companies operating in the regenerative medicine, escalating popularity of stem cell technology, emergence of nanotechnology, rising occurrences of trauma emergencies, various developments in surgical technologies and monitoring devices, deficiency of organs for transplantation, and growing adoption of gene therapies will act as major driving factors in the growth of global regenerative medicine market. However, stringent government regulations, high treatment costs, operative inefficiency, and the lack of awareness will restrict the global regenerative medicine market development.
Browse the full “Regenerative Medicine Market by Product (Gene Therapy, Cell Therapy, Small Molecule & Biologic, and Tissue Engineering), by Material (Biologically-Derived Material, Synthetic Material, Pharmaceuticals, and Genetically Engineered Material), and by Application (Oncology, Cardiovascular, Musculoskeletal, Dermatology, Ophthalmology, Neurology, Wound Healing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/regenerative-medicines-market
The global regenerative medicine market is split into product, material, and application. Based on product, the regenerative medicine market includes gene therapy, cell therapy, small molecule and biologic, and tissue engineering. Cell therapy is expected to dominate the market over the estimation time period, as it reinstates the regular functions of organs and tissues. The small molecule and biologic segment is expected to register notable CAGR over the estimated timeframe.
The material segment includes biologically derived material (xenogeneic material and collagen), synthetic material (scaffold, biodegradable synthetic polymer, hydrogel material, and artificial vascular graft material), pharmaceuticals (biologic, DNA sequencing, and small molecule), and genetically engineered material (genetically manipulated cell, deoxyribonucleic acid transfection vector, three-dimensional polymer technology, fibroblast, transgenic, gene-activated matrices, and neural stem cell). Biologically derived material dominated the application segment in 2018.
The application segment includes oncology, cardiovascular, musculoskeletal, dermatology, ophthalmology, neurology, wound healing, and others. Musculoskeletal is expected to dominate the global market, due to the rising use of regenerative medicines for treating musculoskeletal disorders, growing geriatric population base, and increasing incidences of orthopedic diseases.
By region, North America will lead the global regenerative medicine market in the future and held over 41% market share in 2018. This regional dominance can be attributed to the huge funding for life sciences studies, growing application of personalized medicines, rising cell-based investigation activities, the presence of modern healthcare facilities, and the early acceptance of latest technologies. Europe will be another important regenerative medicine market, owing to the presence of trained researchers, high research and development investments by top companies, growing geriatric population base, increasing the prevalence of chronic ailments, and favorable reimbursement scenario. The Asia Pacific regenerative medicine market will propagate speedily over the forecast time period, due to the rising incidences of chronic diseases, growing interest in regenerative medicine, increasing R&D related to gene therapy, and escalating occurrences of trauma emergencies.
Some key players in the global regenerative medicine market include Zimmer Biomet, Stryker Corporation, Athersys, Medtronic, U.S. Stem Cell, Integra Lifesciences, Organogenesis, Acelity Holdings, CryoLife, and Isto Biologics.
This report segments the global regenerative medicine market into:
Global Regenerative Medicine Market: By Product
Global Regenerative Medicine Market: By Material
Global Regenerative Medicine Market: By Application
Global Regenerative Medicine Market: By Region
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