[Report of 250 Pages] According to Future Market Insights’ recently released Cell Regeneration Medicine Market analysis report, the global market is valued at US$ 30.3 billion in 2021 and is expected to reach US$ 34.3 billion by the end of 2022.
The market is expected to grow significantly at a CAGR of 14.4%, with a global valuation of US$ 130.8 billion by the end of 2032. The global market is expected to offer an absolute dollar opportunity of US$ 96.5 billion during the forecasted period (2022-2032).
The Therapeutics segment generated the most revenue in the Global Cell Regeneration Medicines Market in 2021. Revenue through this category is expected to grow at a CAGR of 16.5% during the period between 2022 and 2032. This can be attributed to higher adoption of primary cell-based therapies in clinical application and their increased usage in different therapeutic indications.
The market expansion is attributed to the introduction of gene therapy, along with advancements in stem cell and tissue engineering. The presence of several programmes and ongoing funding in R&D by government and commercial entities help towards the market development. Additionally, the regulatory approvals in this field are further clearing the present roadblocks in the market growth.
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In addition, the Global Cell Regeneration Medicines Market considers Oncology to be the leading segment among Dermatology, Musculoskeletal, Immunology & Inflammation, Oncology, Cardiovascular, Ophthalmology and Other Therapeutic Categories. It is predicted to grow at a CAGR of 13.1% during the period between 2022 and 2032, while its historical CAGR stands at just 11.4%. The Oncology segments grows owing to the rising cancer patients globally, government aided cancer research, Cell therapies development and initiatives to reduce cancer burden.
Key Takeaways from the Market Study
- The Global Cell Regeneration Medicine Market is currently valued at US$ 30.3 Bn and is expected to reach the valuation of US$ 34.3 Bn by the end of 2022 by growing at annual growth rate of 13.2% during 2021.
- The Market for Cell Regeneration Medicine will provide an absolute dollar opportunity of US$ 96.5 Bn in the period between 2022 and 2032.
- The Therapeutics segment expected to grow at a CAGR of 16.5% and likely to remain a dominant segment in the Global Market
- The Oncology segment will be growing at a CAGR of 13.1% during the forecast period. This growth is significant as compared to its historical CAGR of just 11.4%.
- The U.S. market dominates the global market for the Cell Regeneration Medicines with a majority share of over 40% and is expected to increase at a CAGR of 14.2%.
The developing countries are predicted to be a potential market with rising rates of chronic diseases, hereditary diseases, rising geriatric population and higher demanding regions for organs and biomaterials. However, with low awareness of Cell Regeneration Medicine and high cost of therapies, these potential markets are difficult to capture, comments a Future Market Insights analyst.
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Competitive Landscape
The Cell Regeneration Medicine Market is driven by the Market players who are expanding their product portfolios by highly investing in the R&D and Product development areas. Government aids, technological developments, regulatory approvals, mergers and acquisitions, market expansion and a diversified product offering have all helped to maintain the environment competitive.
Some of the prominent companies in the global Cell Regeneration Medicine market are AstraZeneca plc, Astellas Pharma, Inc., F. Hoffmann-La Roche Ltd., Integra Lifesciences Corp., Cook Biotech, Inc., Bayer AG, Pfizer, Inc., Merck KGaA, Abbott, Vericel Corp., Novartis AG, GlaxoSmithKline (GSK), Baxter International, Inc., Takara Bio, Inc., etc.
The key developments in the Cell Regeneration Medicine Market are:
- In January 2022, AstraZeneca collaborated with Neurimmune AG and signed the licence agreement for the development of NI006, an antibody to treat patients with advanced ATTR-CM.
- In October 2021, FDA approved the REGEN-COV on a priority basis for the treatment of Covid 19.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Cell Regeneration Medicine market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Product Type (Therapeutics, Tools, Banks and Services), Therapeutic category (Dermatology, Musculoskeletal, Immunology & Inflammation, Oncology, Cardiovascular, Ophthalmology and Other Therapeutic Categories) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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Market Segments Covered in Cell Regeneration Medicine Market Analysis
By Product Type:
- Therapeutics
- Primary Cell-based Therapeutics
- Stem Cell & Progenitor Cell-based Therapeutics
- Cell-based Immunotherapies
- Gene Therapies
- Tools
- Banks
- Services
By Therapeutic Category:
- Dermatology
- Musculoskeletal
- Immunology & Inflammation
- Oncology
- Cardiovascular
- Ophthalmology
- Other Therapeutic Categories
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Explore FMI’s Extensive Ongoing Coverage on Healthcare Domain:
- https://adhipatialumni.com/blogs/65506/Ultrasound-Devices-market-is-projected-to-increase-at-a-CAGR
- https://writeablog.net/krtzi8q0xe
- https://forecastanalysis.blogspot.com/2023/01/ultrasound-devices-market-is-projected.html
- https://twikkers.nl/blogs/93279/Ultrasound-Devices-market-is-projected-to-increase-at-a-CAGR
- https://www.shtfsocial.com/blogs/34224/Ultrasound-Devices-market-is-projected-to-increase-at-a-CAGR
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