The rising prevalence of chronic diseases, genetic disorders, and cancer and rising investments in regenerative medicine research are the key elements that have boosted the growth of the Regenerative Medicine Market.
JERSEY CITY, N.J., Oct. 18, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Regenerative Medicine Market" By Therapy (Tissue Engineering, Immunotherapy, Gene Therapy), By Product (Cell-Based Products and Acellular Products), By Application (Central Nervous System Diseases, Oncology, Diabetes), and By Geography. According to Verified Market Research, the Global Regenerative Medicine Market size was valued at USD 27.7 Billion in 2020 and is projected to reach USD 149.80 Billion by 2028, growing at a CAGR of 23.54% from 2021 to 2028.
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Browse in-depth TOC on "Regenerative Medicine Market"
202 - Pages
126 – Tables
37 – Figures
Global Regenerative Medicine Market Overview
Over the last decade, stem cell biology has experienced a breakthrough in scientific and technological developments that will together have a foremost and continuing influence on regenerative medicine. These entail capability to produce pluripotent stem cells from adult body cells and to cultivate mini-organs from these or from adult stem cells in well-defined culture conditions. Both methodologies offer ways to develop functional cells of human tissue that could be used for transplantation and tissue repair.
Government policies favouring regenerative medicine is one of the major reasons which has been driving the market growth. The European Union (EU) and the Dutch government have prioritized regenerative medicine as an area of key strategic relevance. Apart from this, the rapid increase in the aged population has also boomed the market in the North American region. The North Carolina Tissue Engineering and Regenerative Medicine Society is an organization in the U.S. working to improve and advance basic research, commercial development, and education in the field of regenerative medicine. In the U.S., two major government agencies – NIH and CIRM – gather funds for academic translational stem cell research and regenerative medicine development. Increasing global healthcare expenditure is also expected to fuel the market.
Key Developments in Regenerative Medicine Market
In February 2020, Stryker Corporation (US) acquired Wright Medical (US) to strengthen its product portfolio.
In August 2018, Avista Healthcare Public Acquisition Corp. and Organogenesis Inc. announced that they have entered into a definitive merger agreement, under which Organogenesis will become a wholly owned subsidiary of AHPAC. Affiliates of Avista Capital Partners ("Avista"), a leading private equity firm, have agreed to invest $92 million in the combined company in conjunction with the transaction.
In September 2018, NuVasive, Inc. announced the U.S. commercial launch of three new biologics offerings to include traditional bone allograft, amniotic membrane DS and additional form factors to the current PropelTM DBM product line
The major players in the market are ACELITY L.P. INC. (KCI LICENSING), JAPAN TISSUE ENGINEERING CO., LTD. (SUBSIDIARY OF FUJIFILM HOLDINGS CORPORATION, ORGANOGENESIS INC., NUVASIVE, INC., VERICEL CORPORATION, OSIRIS THERAPEUTICS, INC., LIFESCIENCES CORPORATION, STRYKER CORPORATION, and MEDTRONIC PLC.
Verified Market Research has segmented the Global Regenerative Medicine Market On the basis of Product, Therapy, Application, and Geography.
Regenerative Medicine Market, By Product
Regenerative Medicine Market, By Therapy
Regenerative Medicine Market, By Application
Regenerative Medicine Market by Geography
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