Wilmington, Delaware, United States, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The last few years have witnessed a rise in awareness of regenerative medicines to help patients suffering from different external and internal injuries.
Healthcare infrastructure facilities such as hospitals and clinics are making investments in marketing activities in a bid to increase the awareness of advantages of consuming regenerative medicines for recovery.
The global regenerative medicine market is anticipated to expand at CAGR of 10.3% between 2021 and 2028.
Launch of new regenerative medicines is helping prominent market players in gaining an edge over competitors and in generating new revenue streams.
Leading market players are also engaging in growth strategy such as collaborative agreements with smaller players which are helping the players in expanding their presence and increasing their revenues.
Regenerative medicine specialist CollPlant, in February 2022, signed a collaborative agreement with CELLINK in a bid to increase the manufacturing of 3D bioprinted breast implants.
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Key Findings of Regenerative Medicine Market Study
- Rising Stem Cell Technology Demand Triggering Growth in Overall Regenerative Medicine Market: Stem cell technology segment accounts for the largest opportunity in overall regenerative medicine market presently and is anticipated to remain lucrative in the coming years, too. Stem cells have shown increased generative capability, which assists in cell production in the human body. It is expected that stem cell technology will play a key role in production of regenerative medicine in future, too. Increasing demand for stem cell technology is augmenting the growth in global regenerative medicine market
- Increasing Government Investments in Regenerative Medicine Production Propelling Overall Market: Governments worldwide are becoming aware of the benefits offered by regenerative medicines in a bid to help cure patients and as a result, are making huge investments in production of regenerative medicines. Rising government funding toward the manufacturing of regenerative medicines in prominent countries worldwide is triggering the growth in regenerative medicine market
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Regenerative Medicine Market: Key Drivers
- Rising prevalence of different chronic diseases such as cancer and diabetes is a key growth driver of global regenerative medicine market
- Rising demand for advanced biomaterials is stimulating the growth in overall regenerative medicine market
Regenerative Medicine Market: Regional Market Insights
- Globally, North America is the dominant region in overall regenerative medicine market. Rising aging population suffering from bone and joint ailments, presence of numerous market players, and supportive government initiatives and measures assisting manufacturing of regenerative medicines in countries such as the U.S and Canada have helped drive the regenerative medicine market in the region
- Asia Pacific is witnessing significant growth in overall regenerative medicine market owing to improving healthcare infrastructure, growing awareness of regenerative medicine, rising patient population, and increasing patient capability to spend on treatment in countries such as India and China
Regenerative Medicine Market: Key Players
Competition landscape in global regenerative medicine market is fragmented, owing to prominent presence of well-established market players. Entry of new players could help further intensify the competition in global market, in future.
Prominent market players are making huge investments in research and development activities in a bid to produce improved products that would be used to help cure patients, globally.
Some of the leading players in global market include Medtronic, Inc., Arthrex, Inc., Stryker Corp., DePuy Synthes, Inc., and CONMED Corp.
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The global regenerative medicine market is segmented as follows:
By Technology
- Biomaterials
- Stem Cells
- Tissue Engineering
By Application
- Bone Graft Substitutes
- Osteoarticular Diseases
- Allogeneic Bones
- Autogenic Bones
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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