Press release
Future of the Cell Regeneration Medicine Market: Trends, Innovations, and Key Forecasts Through 2034
Cell Regeneration Medicine
Cell Regeneration Medicine Market Size Growth Forecast: What to Expect by 2025?
The market for cell regeneration medicine has seen a brisk expansion in the past few years. The predicted growth is from $41.83 billion in 2024 to $47.83 billion in 2025, showcasing a compound annual growth rate (CAGR) of 14.3%. Factors such as an aging population, the rise of chronic diseases, increase in government and corporate funding, and a surge in demand for functional regenerative medicine products have contributed to the growth observed in the historical period.
How Will the Cell Regeneration Medicine Market Size Evolve and Grow by 2029?
In the coming years, the market size for cell regeneration medicine is projected to experience significant growth. The market is expected to expand to "$81.71 billion in 2029" with a CAGR of 14.3%. This substantial expansion during the forecast period is likely due to an increase in demand for regenerative medicine products in the horeca sector, a shortage of available organs for transplantation, an influx in research and development activities, and a growing demand for gene therapies. Key trends anticipated during the forecast period are advanced therapies, broader clinical trials, developments in tissue engineering and 3D bioprinting, the rise of exosome-based therapies, and the evolution of personalized medicine.
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What Drivers Are Propelling the Growth of Cell Regeneration Medicine Market Forward?
The cell regeneration medicine market is anticipated to surge forward with the widespread uptake of organ transplantation. Regarded as a life-saving medical protocol, organ transplantation involves transferring an organ from one body into another to replace a faulty or absent organ. Its increasing acceptance stems from the ability to prolong life and negate the need for routine procedures like dialysis. Cell regenerative medicine presents an evolutionary step in organ transplantation by squarely addressing repair and regeneration of damaged organs or tissues. The United Network for Organ Sharing, a scientific and educational body based in the US, reported in January 2023 that approximately 42,887 organ transplants were conducted in the US during 2022. This represents a growth of 3.7% as compared to 2021. Consequently, the prevalent use of organ transplants is set to escalate the cell regeneration medicine market.
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What Trends Will Shape the Cell Regeneration Medicine Market Through 2029 and Beyond?
Leading companies in the cell regeneration medicine market are paying close attention to the creation of medical-grade bioink to secure a competitive advantage. The term medical-grade bioink refers to a unique type of ink that is utilized in bioprinting and has to adhere to strict regulatory standards concerning safety and biocompatibility. This makes it an ideal choice for tissue engineering, regenerative medicine, and the formulation of biological structures for medical purposes. For instance, CELLINK, a company based in Sweden and well-known for their expertise in cell regeneration medicine products and technologies, introduced CELLINK Vivoink in October 2023. This product is the initial medical-grade bioink designed specifically for clinical use in regenerative medicine and tissue engineering, offering superior printability, mechanical stability, and cell viability.
What Are the Key Segments in the Cell Regeneration Medicine Market?
The cell regeneration medicine market covered in this report is segmented -
1) By Product: Therapeutics, Tools, Banks, Services
2) By Therapeutic Category: Dermatology, Musculoskeletal, Immunology And Inflammation, Oncology, Cardiovascular, Ophthalmology, Other Therapeutic Categories
3) By End-User: Hospitals And Clinics, Commercial Industries, Government And Academic Research Institutes
Subsegments:
1) By Therapeutics: Stem Cell Therapies, Gene Therapies, Tissue Engineering Products
2) By Tools: Cell Culture Equipment, Bioreactors, Imaging Systems
3) By Banks: Stem Cell Banks, Tissue Banks, Cord Blood Banks
4) By Services: Cell Processing Services, Research And Development Services, Clinical Trial Services
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Who Are the Key Players Shaping the Cell Regeneration Medicine Market's Competitive Landscape?
Major companies operating in the cell regeneration medicine market are Pfizer Inc., Johnson & Johnson, F.Hoffman-La Roche Ltd., AbbVie Inc., Bayer AG, Novartis AG, Bristol-Myers Squibb Company, Medtronic PLC, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Amgen Inc., ViaCord LLC, Stryker Corporation, Zimmer Biomet Holdings Inc., Cook Biotech Inc., Integra LifeSciences Holdings Corporation, NuVasive Inc., Organogenesis Holdings Inc., AMAG Pharmaceuticals Inc., Takara Bio Inc., MiMedx Group Inc., Vericel Corporation, Mesoblast Limited, Osiris Therapeutics Inc., Guanhao Biotech Co. Ltd., CordLife Group Limited, FUJIFILM Cellular Dynamics Inc., Cesca Therapeutics Inc., U.S. Stem Cell Inc., Cytori Therapeutics Inc.
What Geographic Markets Are Powering Growth in the Cell Regeneration Medicine Market?
North America was the largest region in the cell regeneration medicine market in 2024. The regions covered in cell regeneration medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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