Title: Tissue engineering market size anticipated significant growth by 2023
1Tissue Engineering Market Size, Industry Analysis
Report, Regional Outlook, Application
Development, Competitive Market Share Forecast,
2016 2023 Global Market Insights Inc.
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2Regional Analysis of Tissue Engineering Market
- Escalating popularity in numerous sectors such as
neurology, burn treatment or wound care, and
urological products is expected to fuel tissue
engineering market growth over the forecast
timeframe. - North America accounted for largest share in 2015
and is likely to continue its dominance till
2023, driven by the U.S. tissue engineering
market. - The growth can be attributed to existence of
leading industry participants across the region
as well as high financial support from the
government as well as private organizations for
research and development. - Organs developed by this procedure exhibit high
durability and efficiency. Increasing
applications of this technique from surgical
manipulation of tissues and prosthetics to
corneal, liver, and cardiac tissue engineering is
predicted to propel growth from 2016 to 2023.
3Application Analysis of Tissue Engineering Market
- This technique involves in-vitro development of
organs or tissues in order to support or replace
the injured or defective body part. - It also involves application of biology and
engineering for innovating that can effectively
restore, maintain, and improvise the ruptured
human tissues function. - Surging need for humane, reliable, efficient, and
cost-effective alternatives is likely to drive
the need for in-vitro testing demand. - As animal testing models have raised number of
ethical issue, the tissue engineered human
equivalents are expected to experience high
demand growth. - Increasing organ transplantation cost accompanied
by growing 3D printing prominence in medical
applications for regeneration is anticipated to
drive industry growth over the next seven years.
4 Competitive Market Share of Tissue Engineering
Market
- Asia Pacific is forecast to be the most
attractive region over the next seven years. - Europe tissue engineering market is estimated to
record moderate growth prospects over the
forecast period due to the presence of strict
regulatory norms. - Industry participants accumulating significant
share include Zimmer Biomet, Medtronic, Acelity,
Organogenesis, Athersys, Stryker and RTI
surgical. - Other prominent companies are Integra
LifeSciences, Advanced Cell Technology, CryoLife,
Sanofi, BioMimetic Therapeutics, StemCellsInc,
LifeCell Kinetic Concepts, Cook Biotech, and
Arteriocyte. - Major players in the industry are acquiring and
collaborating with small players in order to
leverage technology research advancements and
also expand their product portfolio.
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