Press release
Tissue Engineering Market Boosting The Growth Through 2026 Estimated By Global Top Players - Acelity L.P. Inc., Allergan Plc., Integra Lifesciences, Tissue Regenix Group Plc., BioMimetic Therapeutics, Bio Tissue Technologies, International Stem Cell
Global Tissue Engineering Market
Tissue engineering also assists in regeneration of damaged tissues by combining cells from the body with highly porous scaffold biomaterials. Scaffold biomaterials act as templates for tissue regeneration and guide the growth of new tissue. Tissue regeneration is highly beneficial for the clinical management of organ therapeutics such as organ transplantation. The source of cells utilized in tissue engineering can be autologous (from the patient), allogenic (from a human donor but not immunologically identical), or xenogenic (from a different species donor).
The global tissue engineering market size was valued at US$ 5.5 billion in 2017 and is expected to witness a CAGR of 11.5% over the forecast period (2018 – 2026).
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Market Dynamics:
Scientific advancements in the fields of cell and molecular biology, genetics, biochemistry, biomedical engineering, and materials science have opened new growth opportunities in the field of tissue engineering. Rising need for effective regenerative treatments due to the rapidly aging population coupled with increasing population suffering from diseases such as cancer, diabetes, and obesity and growth in burn and trauma cases are expected to drive the tissue engineering market growth during the forecast period. According to the World Health Organization (WHO), the global diabetic population is expected to reach 336 million by 2030, from 270 million in 2015.
However, tissue engineering processes used for development of complex tissues or organs, such as heart, is facing challenges such as the dearth of cell sources, biomaterials, vascularization of engineered tissues, and design of drug delivery systems. Moreover, harvesting autografts are painful, expensive, constrained by anatomical limitations and donor-site morbidity due to hematoma and infection, which is hindering the growth of the market.
Tissue Engineering Market - Competitive Landscape
Key players operating in the global tissue engineering market include Acelity L.P. Inc., Allergan Plc., Athersys, Inc., B. Braun, BioMimetic Therapeutics, Bio Tissue Technologies, C. R. Bard, International Stem Cell, Integra Lifesciences, Medtronic, Inc., Organogenesis Inc., Osiris Therapeutics, RTI surgical, Inc., Stryker Corporation, Tissue Regenix Group Plc., and Zimmer Biomet.
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Detailed Segmentation:
Global Tissue Engineering Market, By Material Type:
Synthetic
Biological
Others
Global Tissue Engineering Market, By Application:
Dermal
Orthopedic
Dental
Neurology
Others
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