According to the most recent analysis by Emergen Research, the worldwide regenerative medicine market size reached USD 9.80 billion in 2021 and is anticipated to grow at a revenue CAGR of 15.9% over the projected period.
According to the most recent analysis by Emergen Research, the worldwide regenerative medicine market size reached USD 9.80 billion in 2021 and is anticipated to grow at a revenue CAGR of 15.9% over the projected period. The global regenerative medicine market is experiencing revenue growth as a result of quickening scientific and clinical developments in the field, improved clinical application of stem-cell, gene, and tissue engineering techniques, and rising venture capitalist investments in tissue engineering and stem cell therapy.
Acute accidents and chronic diseases are two clinical scenarios that are treated with regenerative medicine. Positive preclinical and clinical outcomes currently support the use of regenerative medicine to treat both acute injuries and chronic illnesses, as well as conditions involving a variety of organ systems, such as cancer, cardiovascular disorders, and wounds on the skin. Additionally, technological developments in stem cell-based therapies have altered researchers’ ideas on regenerative medicine, while regenerative medicine’s development has been accelerated by developments in stem cell therapies.
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In regenerative medicine (RM), diseases are treated and managed by employing cells, tissues, or genetic material. Repair, replacement, or regeneration of injured tissue or organs are the goals of the developing discipline of regenerative medicine. The U.S. National Institutes of Health classifies regenerative medicine as including cell therapy, gene therapy, biomaterials, and tissue engineering. Diabetes, Parkinson’s disease, Alzheimer’s disease, and other chronic, incurable diseases and ailments may one day be treated with regenerative medicine.
Around 1,028 clinical studies on regenerative medicine are now being conducted worldwide, according to the Alliance for Regenerative Medicine. An estimated USD 13.3 billion in global funding was raised in 2018 for regenerative medicine. One of the important factors projected to fuel the growth of the regenerative medicine market during the forecast period is the increased investment made by prominent industry players in the study and development of regenerative medicine.
Some Key Highlights From the Report
- With a maximum revenue share of over 56% in 2020, the therapeutics segment is expected to maintain its dominance for the duration of the projection period. Due to its use for various therapeutic purposes and early adoption in clinical application, primary cell-based treatments are among the most advanced medicines now accessible.
- Due to the growing need for cancer-specific regenerative medicine-based therapy options, the oncology category accounted for the greatest revenue share in 2021. The most often used regenerative medicine techniques for treating cancer include cell therapy, gene therapy, and tissue engineering because they are more precise, safe, and efficient than conventional therapies.
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- Due to significant investments in stem cell research as well as the redrafting of regulatory rules for their use in clinical applications, the stem cell & progenitor cell-based treatments segment is anticipated to experience the quickest CAGR over the projection years. While autologous therapies are known for having one of the quickest CAGRs, allogenic stem cell-based therapies are predicted to account for the biggest revenue share.
- In 2021, the segment for tissue engineering had a little revenue share. Biology’s field of tissue engineering combines engineering and biology to develop new organs and tissues while promoting the healing of diseased or damaged ones. Rapid advancements in tissue engineering and regenerative medicine have significant implications for the 3D bioprinting of tissues and organs.
- In 2018, North America had the highest revenue of USD 9,128.2 Mn, and it is anticipated that it would continue to lead the market during the forecast period. The large number of clinical trials in North America may be attributed to the presence of research institutes engaged in the discovery of novel therapies, the presence of leading market participants with significant U.S. presence, and the accessibility of cutting-edge technologies.
- Due to factors such growing demand for stem cell therapeutic goods, technological developments, an advanced healthcare system, and the availability of public and private funding for stem cell research, the Asia Pacific market had a modest revenue share in 2021. Additionally, a lot of regional governments are putting policies into place to support the development of cutting-edge research facilities as well as new infrastructure, like research networks, to support stem cell-based research and the commercialization of therapies and products based on regenerative medicine, which is assisting this sector’s revenue growth.
- Integra Lifesciences Corporation, Bayer AG, Corline International, Amgen Inc., Takara Bio, Inc., Eli Lilly and Company, Novartis AG, Organogenesis Inc., Bluebird Bio, Inc., Bristol Myers Squibb Company, Medtronic, and Mesoblast Ltd. are a few of the well-known businesses operating in the global market report.
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Emergen Research has segmented global regenerative medicine market based on type, application, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2019–2030)
- Gene Therapy
- Cell-based Immunotherapy
- Tissue Engineering
- Stem-cell Therapy
- Others
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Oncology
- Musculoskeletal Disorders
- Infectious Diseases
- Cardiovascular Disorders
- Neurodegenerative Disorders
- Others
- End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Hospitals & Clinics
- Commercial Industries
- Government & Academic Research Institutes
- Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
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