Press release
Tissue Engineering Market: Soaring to $29.92 billion by 2029 Fueled by Advancements and Rising Chronic Diseases Incidence
Chronic diseases incidence, advancements in biomaterials, and regulatory support push the growth of the global tissue engineering market, forecasted to reach $29.92 billion by 2029 at a CAGR of 14.4%.What Is The Projected Market Size Of The Global Tissue Engineering Market And Its Growth Rate?
• The global tissue engineering market will grow from $15.21 billion in 2024 to $17.48 billion in 2025 at a CAGR of 14.9%. This is driven by advancements in biomaterials, an aging population, increasing chronic diseases incidence, regulatory support for regenerative medicine, and rising organ transplant demand.
• The major leap is projected in 2029 where the market will soar to $29.92 billion at a 14.4% CAGR, attributed to precision medicine approaches, an increased focus on immunomodulation, expanding orthopedics applications, increased funding, and a rise in chronic diseases prevalence.
What Is Driving The Growth In The Tissue Engineering Market?
The burgeoning prevalence of chronic diseases and trauma emergencies propel the tissue engineering market growth. Tissue engineering, adopted for treating chronic disorders and trauma, avoids end-stage treatment failure such as autologous transplantation, xenotransplantation, and artificial substitutes. For instance, according to the World Health Organization (WHO) report, approximately 2.4 billion people worldwide live with chronic diseases, necessitating advanced medical treatments, including tissue engineering solutions. Furthermore, the US-based Centers for Disease Control and Prevention (CDC) reported that traumatic brain injuries (TBIs) remain a critical concern in the United States, underscoring effective interventions need.
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Who Are the Key Players Driving Tissue Engineering Market Growth?
• Medtronic plc
• Zimmer Biomet
• Organogenesis Holdings Inc.
• Integra LifeSciences
• Stryker Corporation
• DePuy Synthes Companies
• B. Braun Melsungen AG
• RTI Surgical Inc.
• AbbVie Inc.
• Becton Dickinson and Company
• Baxter International Inc.
• BioTime Inc.
• Vericel Corporation
• Smith and Nephew
• Athersys Inc.
• Tissue Regenix Group plc
• Xeltis AG
• Prellis Biologics
• Bit Bio
• Be Biopharma Inc.
• TELA Bio Inc.
• Orthocell Limited
What Are The Key Trends In The Tissue Engineering Market?
• Integration of nanotechnology
• Advancement in 3D cell culture techniques
• Development of organ-on-a-chip technology
• Integration of artificial intelligence
• Innovation in cell sources
What Are The Segments Of The Global Tissue Engineering Market?
• By Type: Synthetic Scaffold Material, Biologically Derived Scaffold Material, Other Types
• By Application: Orthopedics And Musculoskeletal, Neurology, Cardiovascular, Skin And Integumentary, Dental, Other Applications
• By End-User: Hospitals And Clinics, Ambulatory Facilities
Which Region Leads The Tissue Engineering Market?
North America emerged as the largest player in the tissue engineering market in 2024. However, during the forecast period, the Asia-Pacific region is expected to register the fastest growth. The tissue engineering market report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Tissue Engineering Market Global Market Report?
- Market Size Analysis: Analyze the Tissue Engineering Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Tissue Engineering Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Tissue Engineering Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Tissue Engineering Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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