The ‘Global Regenerative Medicine Market Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global regenerative medicine market, assessing the market on the basis of its segments like technologies, applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Regenerative Medicine Market Share, Size, Trends, Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 11.7%
One of the primary regenerative medicine market drivers include the rising prevalence of chronic diseases such as congestive heart failure, Parkinson’s disease, myocardial infarction, Duchenne muscular dystrophy (DMD), and cancer, among others. Such diseases can be life-threatening and there are limited treatment options for these, with regenerative medication being one of them.
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This field of medicine is increasingly being acknowledged in different regions, owing to the growing focus of market players and researchers in examining it to develop new methods for treating life-threatening diseases. One such technology is 3-D printing which is increasingly being utilised in autologous cell therapies.
Patients may avoid surgery and lessen the pain with the use of treatments like stem cell and PRP therapy. For instance, in the case of torn rotator cuffs, which can be excruciatingly painful and typically require surgery, regenerative medicines can be used for a minimally invasive treatment.
Technological advancements in biotechnology and stem cell treatment are significant elements aiding the regenerative medicine market expansion. Numerous developments have led to the creation of new regenerative medicine goods and therapies, such as cell-based therapies, gene therapies, and tissue-engineered products.
Regenerative Medicine Industry Definition and Major Segments
Regenerative medicine refers to therapies that enable the process of regeneration of an organ’s damaged tissues to restore the body to its normal functioning state. The therapies utilise the body’s natural healing factors by isolating and concentrating them to encourage the creation of new tissue and the repair of an injury site. It is a fairly new field of medicine, with scientists continuously researching to find new therapies.
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The market segments, based on product type, include:
- Stem Cell Therapy
- Tissue Engineering
The market, based on application, can be divided into:
- Bone Graft Substitutes
- Osteoarticular Diseases
- Central Nervous System
- Other Applications
The major regional markets for regenerative medicine include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Regenerative Medicine Market Trends
Increasing support from government and private agencies to develop new treatment methods is likely to enhance the market value during the forecast period. Governments globally are launching programs and increasing their medical investments, which is significantly propelling the market for regenerative medicine.
One of the latest regenerative medicine market trends is the utilisation of exosomes. Exosomes are extracellular vesicles that are formed inside a cell and contain the cell’s bioactive molecules, DNA, and RNA. They have proved to have restorative abilities and lower apoptosis and inflammation while increasing angiogenesis and proliferation. Due to their multipotency and capacity for self-renewal, mesenchymal stem cells (MSCs) and exosomes produced from MSCs are widely used in regenerative medicine.
North America is likely to hold a significant share in the market, owing to the availability of large amounts of government and private funding for research and development. Established healthcare infrastructure and the availability of cutting-edge technological frameworks to facilitate the quick identification of chronic diseases are expected to further favour the demand for regenerative medicine in the coming years.
Key Market Players
The major players in the regenerative medicine market report include:
- Novartis AG
- Vericel Corporation
- Stryker Corporation
- Integra LifeSciences Corporation.
- Mimedx Group Inc.
- Wright Medical Group N.V.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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