Regenerative Medicine Market Global Research Analysis Report and Clinical Outlook 2021 to 2030

The global regenerative medicine market is expected to reach USD 172.15 billion by 2030 from USD 13.96 billion in 2020, at a CAGR of 28.9%.

Regenerative Medicine are used to regenerate, repair, replace or restore tissues and organs damaged by diseases or due to natural ageing. These medicines help in the restoration of normal cell functions and are widely used to treat various degenerative disorders such as cardiovascular disorders, orthopedic disorders and others. Stem cell plays an important role in regenerative medicine as they are capable of proliferating and differentiating into all cell types in an organism, including extra-embryonic tissues.

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Top Companies: Shimadzu Recursion Pharmaceuticals, Inc., Baxter International, Inc., DePuy Synthes Siemens Healthineers, General Electric (GE) Company, Koninklijke Philips N.V., Cloudmedx, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Athersys, Inc., U.S. Stem Cell, Inc. (Bioheart, Inc.), Acelity Holdings, Inc., Isto Biologics (Isto Biologics Medical Systems, Inc.), and CryoLife, Inc.and Bay Labs, Inc.

Market Dynamics and Trends:

Increased pipeline of regenerative medicines along with growing government investments are likely to drive the overall regenerative medicine market growth. Also, rising demand for organ transplantation and increasing awareness about the use of regenerative medicinal therapies in organ transplantation along with implementation of the 21st Century Cures Act, a U.S. law enacted by the 114th United States Congress in December 2016 are creating growth opportunities in the market.

The other factors such as technological advancement, increased adoption of regenerative medicine, shortage of organs for transplantation with involvement of stem cells are expected to promote the market growth. Further, improvements in surgical techniques and untapped market potential are also expected to enhance the growth of regenerative medicine market during the forecast period. However, high cost of treatment and stringent government regulations are expected to hinder the market growth. On the other hand, the increase in research and development activities and clinical trials are expected to create ample opportunity in the regenerative medicine market in the near future.

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Market Segmentations and Scope of the Study:

The global regenerative medicine market is segmented based on product type, material, application, and geography. Based on product type, the market is classified into cell therapy, gene therapy, tissue engineering, and small molecule & biologic. Depending on material, it is categorized into synthetic material, biologically derived material, genetically engineered material, and pharmaceutical. Synthetic material is further divided into biodegradable synthetic polymer, scaffold, artificial vascular graft material, and hydrogel material. Biologically derived material is further bifurcated into collagen and xenogenic material. Genetically engineered material is further segmented into deoxyribonucleic acid, transfection vector, genetically manipulated cell, three-dimensional polymer technology, transgenic, fibroblast, neural stem cell, and gene-activated matrices. Pharmaceutical is further divided into small molecule and biologic. By application, it is categorized into cardiovascular, oncology, dermatology, musculoskeletal, wound healing, ophthalmology, neurology, and others. Geographically, it is analyzed across four regions, i.e., North America, Europe, Asia-Pacific, and RoW.

Based on material, the market is divided into synthetic material, biologically derived material, genetically engineered material, and pharmaceutical. The biologically derived material was the dominant segment in 2019, and is estimated to maintain this trend during the analysis period. The demand for genetically engineered material has increased due to their unique properties such as promotion of cellular interactions, rise in proliferation, and differentiation of cells that facilitate self-assembly into directionally organized structures, and control the manipulation of cellular behavior.

Regenerative medicine is applicable in cardiovascular, oncology, dermatology, musculoskeletal, wound healing, ophthalmology, neurology, and others. The musculoskeletal application segment accounted for the largest share in 2019, whereas cardiovascular is expected to be the fastest-growing segment, registering a CAGR of 28.5% during the forecast period.

Geographical Analysis:

The use of regenerative medicine is highest in North America, particularly in the U.S., owing to increasing prevalence of chronic disorders, rise in demand for artificial organs due to organ failure, and presence of advanced healthcare infrastructure. Although the use of regenerative medicine in Asia-Pacific and RoW is low, the adoption rate is expected to increase due to higher unmet medical needs and gradual improvement in the healthcare infrastructure to treat chronic disorders. In addition, countries such as China, India, Australia, and Japan, have been contributing to the market growth owing to their expanding population and rise in demand for tissue-engineered and regenerative medicinal products. These countries have varying demographics and cultural conditions, which highly influence their respective markets.

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