What Is The Size Of Global Regenerative Medicine Industry?
Global Regenerative Medicine market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Industrial Automation and Control Systems Market is largely driven by surging trauma cases, genetic disorders, chronic diseases, and other infectious viruses.
According to World Health Organization, a specialized international public health organization, stated that nearly 10 million deaths in 2020 are caused by cancer worldwide, the most common cases of cancer were lung, prostate, skin, stomach, colon, and rectum. Cancer immunotherapy activates, replaces, and regenerates the immune system in order to fight cancer. Cancer immunotherapy is a form of regenerative medicine.
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Patients suffering from wound injuries, serious disorders, and others require cell and gene therapies, representing advanced technology. The high cost of cell and gene therapies is hampering the growth of the market. In 2017, the Food and Drug Administration (FDA), a federal agency of the department of health and human services, approved Luxturna to treat a rare form of inherited blindness that affects 100 to 2000 people in the USA.
COVID-19 has accelerated the growth of the regenerative medicine market. In May 2020, the Global Institute of Stem Cell Therapy and Research (GIOSTAR), received FDA approval for COVID-19 clinical trials with stem.
Global Regenerative Medicine Market By Product Type
The Global Regenerative Medicine market is segmented by Product Type into Cell Therapy, Gene Therapy, Tissue Engineering, Stem Cells Control valve component dominated the market in 2021, due to the rapid advancement of technology. The cell therapy segment held the largest market share of the global Regenerative Medicine market in 2021, owing to the growing availability of regenerative medicine, and advancement in technologies.
Cell therapy is the transplantation of human cells to replace or restore damaged tissues and cells. Cell therapy is used for curing cancer, restoring spinal cord injuries, autoimmune systems, neurological disorders, and others.
Global Regenerative Medicine Market By Material
The Global Regenerative Medicine Market is segmented by Material into Synthetic Material, Biomaterial, Genetically Engineered Material, Others.
The biomaterial segment accounted for the largest market share in 2021, owing to the surging infectious viruses and diseases. Biomaterials are key components in tissue engineering and regenerative medicine application. It is used to reduce the burden of disease.
Biomaterial has ample applications including medical implants, healing human tissues, restoring human cells, molecular probes, biosensor, and others.
Global Regenerative Medicine Market By Geography
The Global Regenerative Medicine market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.
North America accounted for the largest market share within the global regenerative medicine market in 2021, owing to technological advancement in the healthcare sector, and rising cases of illness and diseases.
US Department of Health and Human Services, mentioned regenerative medicines are the next evolution of medical treatments. With its potential to heal, this new field of science is expected to revolutionize healthcare. Therefore, the increasing popularity and demand are expected to fuel the regenerative medicine market.
Key Topics Covered in the Report
- Snapshot of the Global Regenerative Medicine Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Regenerative Medicine Market
- Historic Growth of the Overall Global Regenerative Medicine Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Regenerative Medicine Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Regenerative Medicine Market
- Future Market Forecast and Growth Rates of the Total Global Regenerative Medicine Market and by Segments
- Market Size of Material / Application Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Regenerative Medicine Market
- Major Production/Supply and Consumption/Demand Hubs in Each Major Region
- Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Continent
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Notable Emerging Companies Mentioned in the Report
- Betalin Therapeutics Ltd.
- Aspen Neuroscience
- LIfT BioSciences Ltd.
- ExCellThera
- Celaid Therapeutics
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Regenerative Medicine Manufacturing Companies
- Regenerative Medicine Hospitals and Clinics
- Regenerative Medicine Material Supplier Companies
- Potential Investors in Regenerative Medicine Companies
- Alliances for Regenerative Medicine
- Consulting Companies in the Regenerative Medicine Market
- Government And Research Organizations Working in Medical Sector
- Government Ministries and Departments of Healthcare
- Healthcare Regulatory Authorities
- Healthcare Research Institutes
- Investment Banks Targeting New Health Care Technology
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For more insights on the market intelligence, refer to the link below:-
Global Regenerative Medicines Market
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