Tissue Engineering-based Regeneration Products : Market Growth, Size , Share, Current Trends, Key Players, Market Segmentations And Developments, Regional Study and Forecast by 2031

According to the latest research by InsightAce Analytic, The Tissue Engineering-based Regeneration Products Market is anticipated to expand at a compound annual growth rate (CAGR) of 33.0 % from 2023 to 2031.

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The discipline of biomedical and biotechnology is the most critical component of developing effective regenerative therapies. The primary focus of tissue engineering and regenerative medicine is the replacement or regeneration of cells, tissues, and organs to ensure the return of normal biological function. Human tissue can be replaced, repaired, or regenerated using a substance that contains modified cells. Prior to the reliable reconstruction of these more intricate organ tissues in the laboratory and their implantation into a patient, a significant amount of ground must be covered. In contrast, these tissues can be extremely advantageous in the research process of drug development. Additionally, novel technology has been employed to effectively perform specific intricate and more sophisticated tissue reconstructions in recent years, which implies that more complex tissue engineering treatments may soon be feasible. Due to the recent shift from traditional transplant techniques to tissue engineering-based regeneration solutions and the rapid pace of innovation in the field, we anticipate that the tissue engineering market will experience substantial growth in the years ahead.

The incidence and prevalence of chronic diseases and genetic abnormalities have experienced a significant increase worldwide over the past few decades. The administration of remedies will be required due to the elevated frequency and severity of lesions that may result from diabetes and obesity, respectively. Tissue regeneration therapies may be necessary due to the severity, which will spur research and development. Various factors, such as the increasing number of clinical investigations for regenerative medicine and tissue engineering, recent advancements in stem cell technology, and the increasing funding for tissue engineering research, influence the industry's progress.

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Many of the Tissue Engineering-based Regeneration Products are still in the experimental phase. Despite their potential as an alternative to organ transplantation, their exorbitant costs and the difficulties associated with obtaining reimbursements and insurance coverage have prevented their widespread adoption. A general lack of awareness among patients may also serve as a hindrance to expansion in the coming years. Mechanical failure of materials, material-associated infections, and immunogenic reactions to implanted materials are among the disadvantages of the scaffolds that have been manufactured. This matter will influence the pace of market development and advancement.

During the forecast period of 2022-2030, the Tissue Engineering-based Regeneration Products Market is expected to be led by North America due to the region's increasing financing and government expenditure.

Some key market players are

• Smith +Nephew
• Tissue Regenix
• Braun Melsungen AG
• BARD, A Becton, Dickinson Company
• Straumann
• Xtant Medical
• VIVEX Biologics
• Alliqua BioMedical, Inc.
• MISONIX, Inc.
• MiMedx
• Organogenesis, Inc.
• ConMed Corporation
• Globus Medical, Inc.
• Lattice Biologics Ltd.
• Osiris Therapeutics, Inc.
• Arthrex, Inc.
• Zimmer Biomet Holdings, Inc.

Key developments in the market

• In March 2022, Zimmer Biomet and Biocomposites reached an agreement to distribute the innovative genex Bone Graft Substitute. Zimmer Biomet will be the sole distributor of genex bone graft substitutes in the United States.

• In July 2021, BD acquired Tepha, Inc. to facilitate the development of new innovations in soft tissue repair and tissue regeneration. Furthermore, BD's existing PhasixTM Mesh products can be strategically integrated into the vertical supply chain through the acquisition of Tepha. The acquisition also encompasses Tepha's GalaFLEX portfolio, which is also founded on the novel P4HB polymer. Additionally, the investment will guarantee that BD can continue to provide physicians with the most recent technologies to treat their patients, including any current and prospective applications.

• In July 2021, Aroa Biosurgery Ltd., a company that specializes in soft tissue regeneration, completed a placement on the Australian Securities Exchange that raised A$47 million (US$34.72 million). This will facilitate the firm's pipeline proliferation and development.

• In May 2021, MIMEDX Group, Inc. and the Wake Forest Institute for Regenerative Medicine (WFIRM) formed a partnership to generate and disseminate scientific evidence in favor of therapeutic therapies that are both safe and efficacious. The association is driven by a shared aspiration to advance regenerative science and innovative biologics that enhance the quality of life of patients. It also seeks to expand the understanding of potential therapeutic targets and product action mechanisms.

• In March 2019, Smith & Nephew acquired regenerative medicine firm Osiris Therapeutics in a $660 million deal to expand and accelerate the expansion of its wound care business. Osiris' most successful products, Grafix and Stravix, are substitutes for bone, cartilage, and skin grafts.

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Market Segmenation:
Global Tissue Engineering-based Regeneration Products Market, by Type of Graft
• Autografts
• Allografts,
• Xenografts
Global Tissue Engineering-based Regeneration Products Market, by Area of Application
• Bone Healing
• Burn Healing
• Others

Global Tissue Engineering-based Regeneration Products Market, by Type of Material Scaffold
• Human Placental Tissue
• Other Animal Based Tissue
• Bone Tissue
• Collagen-based Tissue
• Other Human Tissue
• Stem Cell
• Others Tissues

Global Tissue Engineering-based Regeneration Products Market, by Type of End-User
• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

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Global Tissue Engineering-based Regeneration Products Market, by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Tissue Engineering-based Regeneration Products Market, by Country
• U.S.
• Canada

Europe Tissue Engineering-based Regeneration Products Market, by Country
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Tissue Engineering-based Regeneration Products Market, by Country
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Tissue Engineering-based Regeneration Products Market, by Country
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Tissue Engineering-based Regeneration Products Market, by Country
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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