Regenerative Medicine Market to Witness Huge Growth at a CAGR of 21.2% During Forecast Period 2028 | Prominent Players: Vericel, Mimedx Group, Novartis AG, Integra Lifesciences, Stryker Inc., Wright Medical, Spark Therapeutics among Others

Global Regenerative Medicine Market reached USD 11.6 million in 2018, to expand at a CAGR of 21.2% over the forecast period.

Regenerative medicine holds great potential to treat incurable chronic diseases and conditions such as Parkinson’s disease, Alzheimer disease, diabetes, and others. According to the Alliance for Regenerative Medicine, approximately around 1,028 clinical trials are ongoing on regenerative medicine worldwide. In 2018, nearly USD 13.3 Bn investment for global financing was raised into regenerative medicine. The increased investment by major market players in the research and development of the regenerative medicine is one of the main factors anticipated to drive the regenerative medicine market growth during the forecast period.

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The report provides information on the current scenario, detailed outlook on the global Regenerative Medicine market with thorough analysis of different segments which comprises of By Type (Cell-Based Immunotherapy & Cell Therapy Products, Tissue-Engineered Products, Gene Therapy Products), Application (Wound Care, Musculoskeletal Disorders, Oncology, Ocular Disorders, Diabetes, Other Applications).

Recent trends of collaborations of local and global companies and the growing support of government and healthcare agencies are expected to have a synergistic effect on market growth. Such collaboration and exchange of technologies help in speeding up the development and boost the market competition.

• In January 2017, Novartis AG, a Swiss multinational pharmaceutical company, entered into a partnership agreement with Caribou. The move was aimed at focusing on innovation and the development of regenerative medicine.
• In August 2018, Novartis AG received approval from the European Commission for luxturna, gene therapy to treat patients with a vision loss. The approval enhances the brand identity of the company and enhances its customer base.

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Major Companies profiled in the report which are key players in the global Regenerative Medicine market are Vericel, Mimedx Group, Novartis AG, Integra Lifesciences, Stryker Inc., Wright Medical, Spark Therapeutics, Osiris Therapeutics Inc., Kite Pharma, and Organogenesis.

Regional Analysis

Highly efficient reimbursement structure and developed healthcare infrastructure in the North America region is one of the key factors driving the consumption of regenerative medicine in this region. Moreover, highly skilled neurosurgeons, a growing number of hospitals and research centers in key countries such as the US and Canada is also propelling the growth of regenerative medicine in the North America region.

In Europe, Stringent government regulations pertaining to devices, technological advancement in medicines, growing number of surgeries in several countries, such as the UK, Germany, France, Italy, and Spain are expected to enhance the global regenerative medicine market over the forecast period.

The Asia Pacific region is estimated to project the fastest growth rate in the global regenerative medicine market during the forecast period. This growth can be accredited to several factors, such as the potentially large patient pool, the rapid development of health infrastructure coupled with increasing healthcare expenditure. In this region, the growing prevalence of chronic diseases, an increase in innovation and development in regenerative medicine, and growing geriatric populations. The growing investment by industry players through the development of new manufacturing units in the region and rising expenditure also contribute to market growth in the Asia Pacific.

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An Overview of the report
1. The report offers insights on the global overview of the Regenerative Medicine market
2. The recent market developments are scrutinized to project latest trends along with growth rate projections
3. Deeper understanding of the competitive landscape of the major companies operating in the market
4. New Opportunities and challenges for the global Regenerative Medicine market
5. Study of innovation and technological advancements in the industry

Analysts have undertaken research based on in-depth understanding of the market with qualitative and quantitative data. The market has been segmented into various segments such as product and room type along with regional analysis. The segments and sub-segments offer insights on current and potential growth trajectories.

Market Segmentation:

By Type
• Cell-Based Immunotherapy & Cell Therapy Products
• Tissue-Engineered Products
• Gene Therapy Products

By Application
• Wound Care
• Musculoskeletal Disorders
• Oncology
• Ocular Disorders
• Diabetes
• Other Applications

By Region:

North America
o By Country (US, Canada, Mexico)
o By Type
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Application

Rest of the World
o By Region (South America, Africa)
o By Type
o By Application

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

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