Regenerative Medicine Market is growing at CAGR of 14% to have a market share of USD 4.23 billion in 2023| Top Vendors - ACELITY, OSIRIS THERAPEUTICS, INC., ASTRAZENECA, COOK BIOTECH INCORPORATED, ORGANOGENESIS INC., MERCK & CO., INC., amongst others

Market Analysis:

North America to Dominate the Market
North America dominates the market due to the increasing technological advancements and high investment & funding to support development of regenerative medicine. Asia-Pacific is also expected to propel the market owing to factors, such as increasing accessibility to healthcare facilities in the region, and increasing economic growth.

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Increasing adoption of stem cell technology, increasing prevalence of chronic diseases, emerging applications of gene therapy in regenerative medicine are some of the driving factors for Global Regenerative Medicine market. Technological advances in regenerative medicine (stem cell, tissue engineering, and nanotechnology) and high investment & funding to support development of regenerative medicine are also fuelling the market growth. Regulatory and ethical issues pertaining stem cell, tissues engineering and regenerative medicine are acting as a restraint for Regenerative Medicine market.

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Market Segments:
Regenerative Medicine Market is segmented by:
1. TECHNOLOGY: STEM CELL THERAPY, BIOMATERIAL, TISSUE ENGINEERING
2. APPLICATIONS: BONE GRAFT SUBSTITUTES, OSTEOARTICULAR DISEASES, DERMATOLOGY, CARDIOVASCULAR, CENTRAL NERVOUS SYSTEM
3. GEOGRAPHY: NORTH AMERICA, SOUTH AMERICA, EUROPE, ASIA-PACIFIC, MIDDLE EAST AND AFRICA, SOUTH AMERICA

Key developments in the market
• In January, 2018: Medeor Therapeutics Awarded $18.8 Million From the California Institute for Regenerative Medicine
• In January, 2018: RepliCel Life Sciences Inc. formed a partnership with the private firm, China-based Yofoto Health Industry Co. Ltd for regenerative medicine

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