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Tissue Engineering-based Regeneration Products Market Survey Detailed Analysis and Forecast 2024-2031
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Tissue Engineering-based Regeneration Products Market By Type of Graft (Allografts, Autografts , and Xenografts), Area of Application ( Bone Healing, Burn Healing, Surgical Healing, Wound Healing, and Others), Type of Material Scaffold (Bone Tissue, Collagen-based Tissue, Human Placental Tissue, Other Animal Based Tissue, Other Human Tissue, Stem Cell , and Others Tissues), End-User (Ambulatory Surgical Centers , Hospitals , and Specialty Clinics))- Trends, Industry Competition Analysis, Revenue and Forecast To 2031."The Tissue Engineering-based Regeneration Products Market is expected to grow at a 33.0 % CAGR during the forecast period for 2023-2031.
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The key to developing effective regenerative therapies lies in biotechnology and biomedicine. Tissue engineering and regenerative medicine focus on replacing or regenerating cells, tissues, and organs to restore normal biological function. Utilizing a drug containing modified cells, human tissue can be replaced, repaired, or renewed. Before these more complex organ tissues can be reliably reconstructed in the lab and implanted in a patient, there is a significant distance to travel. In medication development, however, these tissues can benefit the research process.
Using cutting-edge technology, specific detailed and complex tissue reconstructions have been accomplished recently, suggesting that more complex tissue engineering treatments may soon be feasible. We anticipate that the tissue engineering market will expand considerably over the next few years due to the rapid innovations in the field and the recent shift in preference from the traditional transplant technique to regeneration solutions based on tissue engineering.
Over the past several decades, there has been a dramatic increase in the incidence and prevalence of chronic diseases and genetic abnormalities. The increased frequency and severity of lesions resulting from diabetes and obesity, respectively, will necessitate the use of treatments. The severity may necessitate tissue regeneration therapies, stimulating research and development.
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Recent advancements in stem cell technology and tissue engineering, an increase in the number of clinical investigations for regenerative medicine and tissue engineering, and rising levels of funding for tissue engineering research all contribute to the forward movement of the industry.
Some Tissue Engineering-based Regeneration Products are still in the experimental phase, and even if they show promise as an alternative to organ transplantation, their prohibitively high prices and the difficulties in obtaining reimbursements and insurance coverage mean that they have yet to be widely used. In addition, a general need for more patient awareness may be a barrier to expansion in the coming years. Material-associated infections, mechanical failure of materials, and immunogenic reactions to implanted materials are among the disadvantages of manufactured scaffolds. This issue will affect the rate of market growth and development.
The Tissue Engineering-based Regeneration Products Market is anticipated to be led by North America during 2022-2030 due to the region's increasing funding and government spending.
Some key market players are AlloSource, BioTissue, Integra Lifesciences Corporation, MiMedx, Organogenesis, Inc., Smith +Nephew, Tissue Regenix, VIVEX Biologics, Alliqua BioMedical, Inc., MISONIX, Inc., Arthrex, Inc., B. Braun Melsungen AG, BARD, A Becton, Dickinson Company, ConMed Corporation, Globus Medical, Inc., Lattice Biologics Ltd., Osiris Therapeutics, Inc., Straumann, Xtant Medical, and Zimmer Biomet Holdings, Inc.
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Key developments in the market
• In Mar 2022, Biocomposites and Zimmer Biomet agreed to distribute the novel genex Bone Graft Substitute. In the US, Zimmer Biomet will be the only genex Bone Graft Substitute distributor.
• In July 2021, To advance new innovations in soft tissue repair and regeneration, BD acquired Tepha, Inc. Additionally, the acquisition of Tepha enables strategic vertical supply chain integration for BD's existing PhasixTM Mesh products. Included in the acquisition is Tepha's GalaFLEX portfolio, which is likewise based on the brand-new P4HB polymer. The investment will ensure that BD can continue giving doctors the most recent technologies to treat their patients, including any present and potential applications.
• In July 2021, Aroa Biosurgery Ltd., a company specialising in soft tissue regeneration, recently raised A$47 million (US$34.72 million) in placement on the Australian Securities Exchange. This will help the firm to advance and expand its pipeline.
• In May 2021, MIMEDX Group, Inc. and the Wake Forest Institute for Regenerative Medicine (WFIRM) entered into a partnership to create and promote scientific evidence in support of safe and effective therapeutic therapies. The association reflects a common ambition to develop regenerative science and breakthrough biologics that improve patients' quality of life and aims to increase knowledge of product action mechanisms and potential therapeutic targets.
• In Mar 2019, In a deal valued at $660 million, medical device manufacturer Smith & Nephew acquired regenerative medicine firm Osiris Therapeutics in an effort to broaden and speed up the growth of its wound care business. Grafix and Stravix, two of Osiris' most successful products, are skin, cartilage, and bone graft substitutes.
Market Segmenation:
Global Tissue Engineering-based Regeneration Products Market, by Type of Graft, 2022-2030 (Value US$ Mn)
• Allografts,
• Autografts
• Xenografts
Global Tissue Engineering-based Regeneration Products Market, by Area of Application, 2022-2030 (Value US$ Mn)
• Bone Healing
• Burn Healing
• Surgical Healing
• Wound Healing
• Others
Global Tissue Engineering-based Regeneration Products Market, by Type of Material Scaffold, 2022-2030 (Value US$ Mn)
• Bone Tissue
• Collagen-based Tissue
• Human Placental Tissue
• Other Animal Based Tissue
• Other Human Tissue
• Stem Cell
• Others Tissues
Global Tissue Engineering-based Regeneration Products Market, by Type of End-User, 2022-2030 (Value US$ Mn)
• Ambulatory Surgical Centers
• Hospitals
• Specialty Clinics
Global Tissue Engineering-based Regeneration Products Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Tissue Engineering-based Regeneration Products Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Tissue Engineering-based Regeneration Products Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Tissue Engineering-based Regeneration Products Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Tissue Engineering-based Regeneration Products Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Tissue Engineering-based Regeneration Products Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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Why should buy this report:
> To receive a comprehensive analysis of the prospects for the global tissue engineering-based regeneration products market
> To receive an industry overview and future trends of the tissue engineering-based regeneration products market
> To analyze the tissue engineering-based regeneration products market drivers and challenges
> To get information on the tissue engineering-based regeneration products market size (Value US$ Mn) forecast to 2030
> To get insights on significant investments, mergers & acquisitions in the tissue engineering-based regeneration products industry
Other Related Reports Published by InsightAce Analytic:
Global 3D Bioprinting for Tissue and Organ Regeneration Market
Global Stem Cell Exosome Therapeutic Market
Global Biospecimen Contract Research Services Market
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