Tissue Engineering Market to Record an Exponential CAGR by 2023, Gloabl Industry Growth Analysis With Top Companies Stryker (US), Allergan (US), Medtronic (Ireland), Zimmer (US), Baxter International (US)

Tissue Engineering Market – Overview

With favorable focus on science related sectors, the tissue engineering has gathered significant momentum to accelerate its growth. Market reports linked to the healthcare sector made available by Market Research Future along with published reports on other sectors have been recently published along with a report on this market. The industry is anticipated to generate revenues worth USD 53,424.00 Million by the year 2024 while growing at a CAGR of 17.84% in the forecast period 2019-2024.

The demand for tissue engineering has risen favorably, especially due to the increased number of cases that involving genetic abnormalities. Amplified level of investments into the industry by new and established players is expected to favor the development of the sector especially in the long term. Cost effectiveness of the sector is also likely to contribute in a major way to the development of the industry in the forecast period.

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The noteworthy players in the tissue engineering market are Stryker (US), Allergan (US), Medtronic (Ireland), Zimmer (US), Baxter International (US), Integra LifeSciences (US), Organovo Holdings Inc (US), Cook Medical (US), DePuy Synthes (US), Acelity (US).

Tissue Engineering Industry Segments

The market for tissue engineering has been divided on the basis of materials and applications. The material segment includes composite materials, nano-fibrous materials, biomimetic materials and nano-composite material. On the basis of applications, the industry is segmented into musculoskeletal, orthopedics and spine, cancer, dental, cardiology, urology, cord blood & cell banking, skin/integumentary, neurology, GI & gynecology among others.

Tissue Engineering Market Detailed Regional Analysis

The industry for tissue engineering market has been segmented into Asia Pacific, Europe, North America and rest of the world. The Americas region has been credited as having the largest portion of market in 2016, due to the well-developed setup in the healthcare industry, rising healthcare spending, and the existence of important players.

The second largest region in the tissue engineering market is the European region, which accounts for a noticeable portion of the market globally. The European industry is estimated to develop considerably during the review period due to a well-developed healthcare industry and growing investment in research and development in the healthcare sector. Furthermore, government reinforcements for the life sciences industries will enhance the market development over the review period. Countries in the region such as Germany, the UK, and France contribute significantly to the development of the European market. In Asia Pacific, the rising number of research & development institutes, growing demand for treatment methods and better diagnostics and cost-effective services are instrumental in growing the market. The Middle East & Africa region is projected to demonstrate steady development in this industry owing to low technology infiltration and less accessibility to innovative healthcare facilities.

Tissue Engineering Market Competitive Analysis

Contenders who are a part of the industry have devised their corporate strategy blueprint in a way that that can bring the best outcomes for development in the current scenario. With the ability to sustain their competitive edge being one of the primary factors driving their efforts, the scope for growth in the industry appears to be promising through the forecast period. The rising affinity for diversification in the market, has indirectly enabled the players to utilize the many prospects available. The companies in this particular industry are also trying to maintain and enhance financial liquidity that can be instrumental to invest in growth strategies as and when they become available. This particular trend has enabled portfolio improvements along with the affinity for diversification in the sector, which has benefitted the market competitors tremendously in this industry.

Tissue Engineering Industry Updates:

March 20, 2019 –--- A team of researchers from the University of Washington (the US) introduced a new strategy in tissue engineering that can keep proteins intact and functional in synthetic biomaterials. In the study paper published in the journal Nature Materials; these scientists presented their approach that can modify proteins at a specific point so that they can be chemically tethered to the scaffold using light.

The unique level of precision within a single cell acquired through this approach would not only help with tissue engineering but also with basic research in cell biology. This research would help scientists to understand how protein signals work together to control cell differentiation, heal diseased tissue, and promote human development.

This platform allows precise control when and where bioactive protein signals are presented to cells within materials which open the door to many exciting applications in tissue engineering and therapeutics research.

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This release was published on openPR.