Tissue Engineering Market Key Findings, Major Companies Analysis and Forecast to 2023

The Global Tissue Engineering Market is expected to grow at a CAGR of 17.22% during the forecast period.

Tissue engineering is the use of combination of cells, engineering materials, and suitable biochemical factors to improve or replace biological functions in an efforts to repair damaged tissues and organs.

Neurology segment is one of the fastest growing owing to the increasing research & development and increasing cases of disorder related to nervous system. For instance, in March 2016, In the University of Alabama researchers found a reprogramming factor, which could increase the efficiency of Human induced Pluripotent Stem Cells (HiPSCs) and are generated without destroying the human embryo. These are major factor responsible for the growth of the market during forecast period. The global tissue engineering market has been evaluated to grow at a steady pace and expected to reach at a high growth figures over the reviewing period.

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Major Players in Tissue Engineering Market

Some of the key players in the global market:

Cook
Acelity
Baxter
DePuy Synthes Companies
Medtronic
Zimmer Inc.
Stryker

Regional Analysis

The global tissue engineering market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.

The Americas dominates the global market, particularly, North America due to growing developments in the field of regeneration surgeries, particularly stem cell research has created new opportunities for the global tissue engineering market. Additionally, continuous technological development methods and the presence of global market leaders contribute to the market growth.

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Europe accounts for the second largest market due to availability of funds for research & development activities, and increasing government support for life sciences domain. Furthermore, industries are continuously focusing and upgrading the 3D technology and thereby offering better and enhanced organ and tissue printing methods.

Asia Pacific is the fastest growing market, whose growth is attributed to the improved economic conditions in healthcare domain, the government focus on research & development in healthcare sector. Moreover, increasing adoption of technological development in healthcare resulting in improvement of healthcare facilities expected to drive the market growth during the forecast period.

The Middle East & Africa is expected witness limited growth due to limited access to the healthcare resources and lack of advanced medical facilities and less government encouragement in healthcare sector.

Segments
Tissue engineering market has been segmented on the basis of materials, which comprises of biomimetic materials, nano-fibrous materials, composite materials, and nano-composite material.

On the basis of applications, the market is segmented into orthopedics, musculoskeletal and spine, skin/integumentary, cancer, dental, cardiology, urology, neurology, cord blood & cell banking, GI & gynecology, and others.

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