The global Regenerative Medicine Market is expected to grow at a rate of 23.9% by the end of 2022, with an estimated value of around US$ 9.9 billion, and to reach an estimated value of US$ 85.3 billion by 2032.
According to Future Market Insights’ historical analysis, tissue engineering by therapy type will lead market growth with a share of approximately 43.1% in the global regenerative medicine market in 2021. The targeted therapeutic market is expected to generate approximately US$ 100.9 billion in revenue, accounting for approximately 8.3% of the global regenerative medicine market.
Regenerative medicine is widely accepted in the healthcare sector in order to counter the unmet medical needs in the field of cardiology, wound and injury musculoskeletal, oncology, dental, ophthalmology, hepatological diseases, and inflammatory & autoimmune diseases. The solutions regarding clinical and pre-clinical outcomes for allogeneic cell therapy are promising.
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Key Takeaways
- An opportunistic outlook is presented by the regenerative medicine market in the future owing to the beneficial outcomes of regenerative medicine. Several biopharmaceutical companies have initiated the establishment of regenerative medicine-specific regulatory processes which consist of guidelines, a quicker approval pathway, and also quality control for conducting clinical trials. Therefore, a massive boom in the regenerative medicine market is witnessed over the projection years.
- The industry is keeping into account some of the prominent factors such as reduced manufacturing cost, improvement in distribution systems, and expansion. Technological advances taking place in the field of life sciences date back several years ago. The gene editing technology applied in regenerative medicine manufacturing assists in yielding quality results and avoids challenges such as immune rejection.
- In order to treat a wide spectrum of diseases, pluripotent stem cell (PSC)-derived therapies are beneficial and surging rapidly over the years. These factors are acting as driving factors for the regenerative medicine market over the assessment years.
- The research and development sector is drastically making efforts to develop an innovative therapy type through modifications and implementing new discoveries in the field of cell therapy and applying gene editing tools that help in making the overall process of discovery easier. Since the methodology used is unique and determines steps for instance use of universal donor cells which establishes successful engraftment in autologous transplantation. The aforementioned factors are responsible for growth in the market.
- The growing prevalence of chronic diseases paired with the surge in wounds and injuries among the ever-growing population is anticipated to surge the regenerative medicine market. The approval of these products is governed by various regulatory laws, including pharmaceutical affairs law, technical guidance for the quality of regenerative medicine products, regulation (EC) 1394/2007, and others because these therapy types have a substantial impact on health.
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- The regeneration medicine market has a direct link with the prevalence of diseases in the increasing population. Since these stem cell-based therapies have a vital impact on health thereby, the approval of these therapies including the use of regenerative medicine is governed by several standard organizations such as the Food and Drug Administration (FDA), and European Medicines Agency (EMA), among others.
Competitive Landscape
Various key players in the regeneration medicine market are focusing on expanding their consumer base in order to meet consumer demands. Since the overall market is fragmented, prominent companies in the market are implementing methods such as a divestiture, partnerships and collaborations, and new therapy launches.
Key Companies Profiled:
- 3M
- Allergan plc
- Amgen, Inc.
- Aspect Biosystems
- bluebird bio
- Kite Pharma
- Integra LifeSciences Holdings Corporation
- MEDIPOST Co., Ltd.
- Anterogen Co., Ltd.
- MiMedx Group
- Others
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Key Market Segments Covered In Regenerative Medicine Industry Research
By Therapy type:
- Cell Therapy
- Autologous Cell Therapy
- Allogenic Cell Therapy
- Stem Cell Therapy
- Allogeneic Stem Cell Therapy
- Autologous Stem Cell Therapy
- Tissue-engineering
- Gene Therapy
By Application:
- Wound Care
- Musculoskeletal
- Oncology
- Dental
- DMD (Duchenne Muscular Dystrophy)
- Hepatological Diseases
- Inflammatory & Autoimmune Diseases
- Other Therapeutic Applications
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