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Regenerative Medicine Market is Likely to Exhibit Strong Growth till 2023 | Allied Market Research

03-13-2019 09:58 AM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Regenerative Medicine Market is Likely to Exhibit Strong Growth

Currently, the majority of the available treatments for degenerative or life-threatening diseases do not provide a cure or are palliative; however, regenerative medicines have the capability to replace or regenerate the tissues and organs that are injured or diseased. Moreover, the utilization of nanomaterials in wound care, drug delivery, and immunomodulation create growth opportunities for the regenerative medicines market.

According to Allied Market Research, the global regenerative medicine market was valued at $5,444 million in 2016 and is estimated to reach $39,325 million by 2023, registering a CAGR of 32.2% from 2017 to 2023. North America is the highest contributor in the regenerative medicine market in 2016; however, Asia-Pacific is expected to witness the highest growth rate during the forecast period.

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Major Players:

• Stryker Corporation
• Zimmer Biomet Holdings Inc.
• Medtronic Plc.
• Athersys Inc.
• U.S. Stem Cell Inc.
• Organogenesis Inc.
• Acelity Holdings Inc.

The major factors boosting the market growth include technological advancements in tissue and organ regeneration, increasing prevalence of chronic diseases and trauma emergencies, the prominent potential of nanotechnology, and the emergence of stem cell technology. Moreover, utilization of nanomaterials in wound care, drug delivery, and immunomodulation has opened growth avenues for the regenerative medicine market.

However, stringent regulations, operational inefficiency, and the high cost of regenerative medicine treatment are the key factors affecting market growth. Furthermore, advancements in stem cell technology and achieving core competency in the emerging economies are expected to fuel the market growth. Developed nations have adopted technological advancements in tissue engineering and regenerative medicine sectors, which would aid the expansion of the global market.

Musculoskeletal and wound healing segment accounted for about three-fifth share of the application market in 2016. Cell therapies are used in the treatment of musculoskeletal diseases such as bone tissue replacement, cartilage, tendon, and ligament repair and replacement. In addition, osteoporosis is one of the most prevalent diseases that require tissue engineering therapies. More than 75 million people suffer from osteoporosis in Europe, the U.S., and Japan every year, which boosts the demand for regenerative medicines.

Key Findings of the Regenerative Medicine Market:

• North America dominated global regenerative medicine market in 2016, and is projected to continue its dominance in future.
• Small molecules and biologics segment is projected to grow at the highest rate among the product type segment during the analysis period.
• China is expected to grow at the highest rate in the Asia-Pacific region during the forecast period.
• Biologically derived materials segment was the largest contributor among the material segments in 2016.
• The synthetic materials segment generated the highest revenue, and is expected to continue its dominance in future.

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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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