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Regenerative Medicine Market

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Updated on May 13, 2019

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Market Overview:

Regenerative medicine is a part of medical science that deals with the process of engineering, replacing or regenerating organs, tissues or human cells to restore or restore normal function in the human body. The regenerative medicine market has recently been growing continuously due to the many benefits of this treatment methodology over current options. Obtaining organs or tissues for a transplant is, and the demand is always more significant than the supply.

Market Drivers and Restraints:

The growth of the global regenerative medicine market is attributed to the growing demand for biologically derived materials for regenerative medicine, technological advances (tissue engineering based on nanotechnology) and strong government support to promote tissue engineering for its development. Innovative therapies, besides, the increasing use of regenerative medicine in cancer research and drug discovery, the increase in the number of organ transplants and the rising costs of health care are further driving the growth of the global market medicine. Regenerative this field of medicine is a relatively recent development and suggests excellent growth prospects due to the increase in age in many developed countries and the deceleration of the increase in the number of organ donations. The increase in revenues in most emerging countries has led to a rise in investment in advanced medical technologies. With cultural traditions and customs that prevent patients from donating organs for transplantation in countries like India, the regenerative medicine market is expected to grow significantly in the coming years.

However, the presence of strict regulatory pathways for tissue engineering products and cell-based products. Strict ethical rules for the use of human tissue, some infections, and post-implant complications, as well as a high cost for the research and development of cell-based products (such as stem cells).

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Report segmented as:

By Product:

Cell-Based Products
Autologous Cell-Based Products
Allogenic Cell-Based Products
Acellular Products
By Therapy:

Cell Therapy
Gene Therapy
Tissue Engineering
By Application:

Orthopedic & Musculoskeletal Spine
Central Nervous System
Other Applications
Geographical segmentation:

The Global market is segregated based on the region into Latin America, North America, Asia Pacific, Europe, Middle East, and Africa. North America is estimated to account as the largest market share for the global regenerative medicines market. Owing to growing advancements in stem cell therapy & tissue engineering technologies, increasing demand for bone & joint reconstructive surgeries, rising adoption of regenerative medicines utilization, and, the growing number of new product launches in this market. Asia-Pacific region is estimated to be the fastest growing segment during the forecast period of 2019-2024. The high growth of the market in this region is due to government initiatives supporting advanced therapies, an increasing focus of foreign pharmaceutical companies to invest in the Asian healthcare industry, the growing number of patients suffering from chronic disease conditions, and increasing demand for organ transplantation.

Key Market Players:

Some major players in global regenerative medicines market Vertex Pharmaceuticals Incorporated (U.S.), Acelity L.P. Inc. (U.S.), Celgene Corporation (U.S.), StemCells, Inc. (U.S.), Organogenesis Inc.  (U.S.), NuVasive, Inc. (U.S.), Vericel Corporation (Genzyme) (U.S.), Japan Tissue Engineering Co., Ltd. (Japan), Cytori Therapeutics Inc. (U.S.), Advantagene, Inc. (U.S.), and Mesoblast Ltd. (Australia).

Vertex Pharmaceuticals Incorporated is an American biopharmaceutical company founded by Joshua Boger and Kevin J. Kinsella in the year 1989. It reported net revenue of USD 2.17 billion in 2017 and was led by Jeffrey Leiden. It is headquartered in Boston, Massachusetts in the USA.

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The Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with colossal growth potential identified and debated.

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