Global regenerative medicine market was valued at USD 27.29 Billion in 2020. It is expected to increase at a compound annual rate (CAGR of 11.27%) between 2021 and 2027. Tissue Engineering is the segment expected to see the greatest growth in the Global Regenerative Medicine Market. The largest market share in global regenerative medicine is currently held by biomaterials.
Regenerative medicine has the potential to treat chronic, incurable diseases such as Alzheimer’s disease, Parkinson’s disease, diabetes, and other conditions. The Alliance for Regenerative Medicine estimates that around 1,028 clinical trials in regenerative medicine are currently underway. In 2018, regenerative medicine was funded with a total of USD 13.3 billion in global financing. One of the key factors expected to drive the market growth in regenerative medicine over the forecast period is the increased investment of key market players into the research and development.
The increasing prevalence of genetic disorders and chronic diseases, as well as cancer, is a sign of a growing number.
Over the past few decades, the prevalence and incidence of chronic diseases like CVD, cancer and diabetes has increased dramatically around the world. Diabetes and obesity can lead to an increase in the number and complexity of wounds like infections, ulcerations (leg and foot ulcers), as well as surgical wounds. These will need treatment and may result in exorbitant medical costs.
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High price of gene and cell therapies
Cell and gene therapies are a major scientific and medical breakthrough for patients suffering from serious illnesses or terminal diseases. These therapies have the potential to change how diseases are treated. These therapies will allow doctors and medical professionals the ability to inject genes/cells into patients. This will save them from multiple surgeries and a lot of medication. These therapies are lifesavers and more efficient than traditional treatments. However, there is less demand for them than the anticipation. These therapies are expensive and it is difficult to get reimbursements or coverage.
Cellular Dynamics International
Market Key Trends
The report provides an in-depth assessment of the regenerative medicines market and future forecasts. It also identifies potential investment opportunities.
It provides a quantitative analysis of market trends from 2021 through 2030 in order to assist stakeholders in maximizing the potential of regenerative medicine markets.
An extensive analysis of the market, based on services and procedures, helps to understand the trends within the industry.
We analyze key players and their strategies to determine the competitive outlook for the regenerative medicine industry.
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Integra Lifesciences, USA (US) introduced AmnioExcel Plus placental allograft membrane in February 2020.
Stryker Corporation bought Wright Medical in February 2020 in order to expand its product line.
Smith & Nephew (UK), purchased Osiris Therapeutics(US) in March 2019 to increase its product line.
NuVasive, Inc., has announced the commercial release of three novel biologics products to supplement the Propel DBM product portfolio, which include conventional bone allograft, amniotic DS, and other form factors.
The Gibco CTS Rotea Counterflow centrifugation system was introduced by Thermo Fisher Scientific, Inc. on October 20, 2020. It is a closed-cell therapy processing device that allows the development and production of scalable, cost-effective cell therapies.
Wright Medical (US), which Stryker Corporation (US), purchased in November 2019 to expand its product line.
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