Health & Safety Industry Today
Regenerative Medicine Market worth $12.9 Billion by 2028 - Exclusive Report by Transparency Market Research
A large pool of elderly worldwide population and the rising instances of external & internal injuries have led to increasing uptake of regenerative medicines, especially for bone & joint injuries. However, this is a relatively new concept, which promotes the human body’s natural capacity to heal.
Published 18 March 2022
Regenerative Medicines Market: Introduction
According to the report, the global regenerative medicine market was valued at US$ 6 Bn in 2020 and is projected to expand at a CAGR of 10.3% from 2021 to 2028. Regenerative medicine is a discipline of medicine that focuses on finding ways to regrow, repair, or replace cells, organs, and tissues that have been damaged or diseased. The development and use of therapeutic stem cells, tissue engineering, and the creation of artificial organs are examples of regenerative medicine.
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Regenerative medicine has the ability to mend or replace tissues and organs that have been destroyed by age, disease, or trauma, as well as to correct congenital flaws. In contrast to the present clinical strategy, which focuses mostly on treating symptoms, regenerative medicine aims to restore tissue or organs that have been damaged by disease, trauma, or congenital abnormalities. Tissue engineering, cellular therapies, medicinal gadgets, and artificial organs are among the technologies employed to achieve the desired results. A combination of these treatments can speed up natural healing process in areas where it is most required, or take over the function of an organ that has been irreversibly damaged. Regenerative medicine is a relatively new field that brings together professionals from biology, chemistry, computer science, engineering, genetics, medicine, robotics, and other domains to solve some of humanity's most difficult medical challenges.
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Rise in Prevalence of Chronic Diseases, Genetic Disorders, and Cancer
The incidence and prevalence of chronic diseases such as CVD, cancer, diabetes, ulcers, and genetic disorders such as cystic fibrosis have increased across the globe. Diabetes and obesity can result in increase in incidence and complexity of wounds such as infections, ulcerations, and surgical wounds, which require treatments and incur exorbitant medical expenses. Beyond established applications in treating multiple myeloma, lymphoma, leukemia, and autoimmune diseases, stem cells derived from adult sources are considered a novel treatment for diverse indications, including cardiovascular, musculoskeletal, endocrine, and neurologic disorders.
Biomaterial to be Highly Lucrative Segment
In terms of technology, the global regenerative medicine market has been classified into biomaterials, stem cells, and tissue engineering. The biomaterial segment held major share of the market in 2020. Biomaterials have been investigated for several years in tissue engineering and regenerative medicine strategies to cure vision loss caused by injury to tissues in the anterior portion of the eye. This has largely entailed cornea and conjunctiva repair and support. Moreover, technological breakthroughs in stem cell-based therapy have changed researchers' perspectives on regenerative medicine.
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The progress of regenerative medicine has been driven by advances in stem cell therapy. Haematogenic stem cells, for example, are currently being employed to treat leukemia and blood diseases. Nanotechnology is also a great tool for stem cell engineering and regenerative medicine.
Bone Graft Substitutes Application to Dominate Market
Based on application, the global regenerative medicine market has been categorized into bone graft substitutes, osteoarticular diseases, allogeneic bones, and autogenic bones. The bone graft substitutes segment is likely to account for major share of the global market during the forecast period. The interdisciplinary field of tissue engineering seeks to combine bone graft substitutes to stimulatory effects of growth factors, (bone morphogenetic proteins and osteogenic proteins) to provide structural support and promote more rapid bone growth and healing.
North America to Lead Global Market
In terms of region, the global regenerative medicine market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a major contributor to the global regenerative medicine market, owing to the presence of large number of leading companies, which has resulted in patients having access to the most recent breakthroughs in the field. The U.S.'s well-funded R&D environment is also a key driver of the bone and joint regenerative medicine industry in North America, which is expected to continue to lead the global regenerative medicine market in the next few years.
Asia Pacific is likely to become a key market for bone and joint regenerative medicine in the near future. Increase in patient pool of bone and joint conditions and steady rise in healthcare expenditure are the major factors projected to fuel the growth of the regenerative medicine market in Asia Pacific in the next few years.
Key players in the regenerative medicine market have identified Asia Pacific as a high-potential market for the future and have accordingly taken strategic initiatives to expand their presence in the region.
Competition Landscape
The global regenerative medicine market is fragmented in terms of number of players. Major players in the global market include Smith & Nephew plc, Anika Therapeutics Inc., DePuy Synthes, Inc., Baxter International, Inc., Stryker Corporation, Medtronic, Inc., Arthrex, Inc., Zimmer Holdings, Inc., and CONMED Corporation.
Global Regenerative Medicine Market: Segmentation
Regenerative Medicines Market, by Technology
Regenerative Medicines Market, by Application
Teleradiology Services Market: Since the world is dealing with the COVID-19 pandemic, stakeholders in the teleradiology services market are increasing the availability of their products and services. In the emergency setting, teleradiology ensures that when a scan is conducted, it can be reported immediately and treatment decisions can be taken in real-time.
Breast Pumps Market: Over the period of past few years, there is significant growth in the number of working women population around the globe. Besides, there is surge in incidences of lactation failure among mothers. These factors are resulting into rise in demand for breast pumps, which in turn, is driving the market growth.
About Us Section:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!
Contact Us
Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
According to the report, the global regenerative medicine market was valued at US$ 6 Bn in 2020 and is projected to expand at a CAGR of 10.3% from 2021 to 2028. Regenerative medicine is a discipline of medicine that focuses on finding ways to regrow, repair, or replace cells, organs, and tissues that have been damaged or diseased. The development and use of therapeutic stem cells, tissue engineering, and the creation of artificial organs are examples of regenerative medicine.
Request Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=419
Regenerative medicine has the ability to mend or replace tissues and organs that have been destroyed by age, disease, or trauma, as well as to correct congenital flaws. In contrast to the present clinical strategy, which focuses mostly on treating symptoms, regenerative medicine aims to restore tissue or organs that have been damaged by disease, trauma, or congenital abnormalities. Tissue engineering, cellular therapies, medicinal gadgets, and artificial organs are among the technologies employed to achieve the desired results. A combination of these treatments can speed up natural healing process in areas where it is most required, or take over the function of an organ that has been irreversibly damaged. Regenerative medicine is a relatively new field that brings together professionals from biology, chemistry, computer science, engineering, genetics, medicine, robotics, and other domains to solve some of humanity's most difficult medical challenges.
Request for Covid-19 Impact Analysis: https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=419
Rise in Prevalence of Chronic Diseases, Genetic Disorders, and Cancer
The incidence and prevalence of chronic diseases such as CVD, cancer, diabetes, ulcers, and genetic disorders such as cystic fibrosis have increased across the globe. Diabetes and obesity can result in increase in incidence and complexity of wounds such as infections, ulcerations, and surgical wounds, which require treatments and incur exorbitant medical expenses. Beyond established applications in treating multiple myeloma, lymphoma, leukemia, and autoimmune diseases, stem cells derived from adult sources are considered a novel treatment for diverse indications, including cardiovascular, musculoskeletal, endocrine, and neurologic disorders.
Biomaterial to be Highly Lucrative Segment
In terms of technology, the global regenerative medicine market has been classified into biomaterials, stem cells, and tissue engineering. The biomaterial segment held major share of the market in 2020. Biomaterials have been investigated for several years in tissue engineering and regenerative medicine strategies to cure vision loss caused by injury to tissues in the anterior portion of the eye. This has largely entailed cornea and conjunctiva repair and support. Moreover, technological breakthroughs in stem cell-based therapy have changed researchers' perspectives on regenerative medicine.
Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=419
The progress of regenerative medicine has been driven by advances in stem cell therapy. Haematogenic stem cells, for example, are currently being employed to treat leukemia and blood diseases. Nanotechnology is also a great tool for stem cell engineering and regenerative medicine.
Bone Graft Substitutes Application to Dominate Market
Based on application, the global regenerative medicine market has been categorized into bone graft substitutes, osteoarticular diseases, allogeneic bones, and autogenic bones. The bone graft substitutes segment is likely to account for major share of the global market during the forecast period. The interdisciplinary field of tissue engineering seeks to combine bone graft substitutes to stimulatory effects of growth factors, (bone morphogenetic proteins and osteogenic proteins) to provide structural support and promote more rapid bone growth and healing.
North America to Lead Global Market
In terms of region, the global regenerative medicine market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a major contributor to the global regenerative medicine market, owing to the presence of large number of leading companies, which has resulted in patients having access to the most recent breakthroughs in the field. The U.S.'s well-funded R&D environment is also a key driver of the bone and joint regenerative medicine industry in North America, which is expected to continue to lead the global regenerative medicine market in the next few years.
Asia Pacific is likely to become a key market for bone and joint regenerative medicine in the near future. Increase in patient pool of bone and joint conditions and steady rise in healthcare expenditure are the major factors projected to fuel the growth of the regenerative medicine market in Asia Pacific in the next few years.
Key players in the regenerative medicine market have identified Asia Pacific as a high-potential market for the future and have accordingly taken strategic initiatives to expand their presence in the region.
Competition Landscape
The global regenerative medicine market is fragmented in terms of number of players. Major players in the global market include Smith & Nephew plc, Anika Therapeutics Inc., DePuy Synthes, Inc., Baxter International, Inc., Stryker Corporation, Medtronic, Inc., Arthrex, Inc., Zimmer Holdings, Inc., and CONMED Corporation.
Global Regenerative Medicine Market: Segmentation
Regenerative Medicines Market, by Technology
- Biomaterials
- Stem Cells
- Tissue Engineering
Regenerative Medicines Market, by Application
- Bone Graft Substitutes
- Osteoarticular Diseases
- Allogeneic Bones
- Autogenic Bones
- Others
Teleradiology Services Market: Since the world is dealing with the COVID-19 pandemic, stakeholders in the teleradiology services market are increasing the availability of their products and services. In the emergency setting, teleradiology ensures that when a scan is conducted, it can be reported immediately and treatment decisions can be taken in real-time.
Breast Pumps Market: Over the period of past few years, there is significant growth in the number of working women population around the globe. Besides, there is surge in incidences of lactation failure among mothers. These factors are resulting into rise in demand for breast pumps, which in turn, is driving the market growth.
About Us Section:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!
Contact Us
Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
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Mr. Rohit Bhisey
Transparency Market Research
State Tower, 90 State Street,
Suite 700,
Albany
12207
+91- 8600924083
http://www.transparencymarketresearch.com/
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