Tissue Engineering Market Analysis, Size, Growth industry Forecast 2027

Tissue engineering is a technique, which is used as a combination of material methods and cells. Also, this technique follows the physicochemical and biochemical factors to replace and improve the biological tissues. It is an exciting strategy that works on the scaffolds, stem cells, regenerative medicine and growth factors or negotiators either in isolation or in combination. The technique uses molecular and cellular methods to combine with material engineering principles to restore tissue surgically. The growth of the market is attributed to the some key driving factors such as increase incidences of chronic diseases, road accidents, and trauma injuries and technological advancements in the field of 3D tissue engineering. However, high cost of treatments related to tissue engineering is expected to restraint the growth of the market during the forecast years.

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The tissue engineering market was valued at US$ 9,529.21 million in 2019 and is expected to grow at a CAGR of 13.5% from 2020 to 2027 to reach US$ 25,586.55 million by 2027.

Prominent Leading Players are:

Stryker Corporation
Organogenesis Inc.
Cook Biotech Inc.
Integra Life Sciences Corporation
Acelity L.P.Inc
Allergan Plc.
Medtronic
Zimmer Biomet
Baxter International Inc
DePuy Synthes (Johnson & Johnson Services, Inc.)

The tissue engineering market, by application, is segmented into orthopedic, musculoskeletal & spine, neurology, cardiology and vascular, skin and others. In 2019, the orthopedic, musculoskeletal & spine accounted for the largest market share in the global tissue engineering market owing to increasing trauma and accidents cases. Apart from this, Tissue engineering has an immense potential to revolutionize regenerative medicine. The main objective of tissue engineering is to improve the biological functions of damaged or missing organs and tissues. The research activities related to tissue engineering have expanded from the repairing, replacement, and regeneration of blood vessels, bone, and organs such as heart and kidney to the delicate nervous system.

Based on Material Type, tissue engineering market, by material type, is segmented into synthetic material, biologically derived materials and others. The biologically derived materials segment held the largest share of the market in 2019 owing to malfunctioning, tissue injury, or disease and aging are expected to increase the demand for biologically derived materials in the forecast period. The market for synthetic material is expected to register the highest CAGR in the market during the forecast period due to demand in the in the biomedical field because of their properties, including degradation time, porosity, and mechanical characteristics.

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Table of content:

Tissue Engineering Market - Key Takeaways
Tissue Engineering - Market Landscape
Global Tissue Engineering Market - Industry Dynamics
Tissue Engineering Market - Global Analysis
Tissue Engineering Market Analysis - By Material Type
Tissue Engineering Market - By Application
Tissue Engineering Market - Geographic Analysis
Impact of COVID-19 Pandemic on Global Tissue Engineering Market
Tissue Engineering Market - Industry Landscape
Company Profiles

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This release was published on openPR.