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Regenerative Medicine Market analysis and growth drivers by 2023


The North American market is estimated to grow at a CAGR of 23.30% to reach revenue of $31.19 billion by 2023 from $8.87 billion in 2017. – PowerPoint PPT presentation

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Title: Regenerative Medicine Market analysis and growth drivers by 2023

Regenerative Medicine Market analysis and drive
growth by 2023
North America established with major share and
growth in the Regenerative Market   North America
held a major share in global regenerative
medicine market, followed by Europe and
Asia-Pacific region in terms of revenue. The
North American market is estimated to grow at a
CAGR of 23.30 to reach revenue of 31.19 billion
by 2023 from 8.87 billion in 2017. U.S. is
slated to grow at significant growth rate, owing
to the rising demand for tissue-engineered and
stem cells products for the treatment of various
genetic diseases. Europe is the second leading
region to grow at a CAGR of 21.44 to reach
revenue of 20.64 billion by 2023 from 6.4
billion in 2017. U.K. holds significant share in
the regenerative medicine market among all the
countries, and is set to witness remarkable
growth in the coming future. Asia-Pacific region
is estimated to witness fastest progress in terms
of revenue, with a CAGR of 27.27 and to reach
19.4 billion by 2023. China and India are
rapidly increasing due to aging population and
per capita healthcare overheads, rising consumer
awareness and higher focus on research in
regenerative medicines.
Selected Therapy and Materials Weight done in
the full Report
The Regenerative Medicine Market is segmented
into therapy, which consists of five types. Among
all the segments, Cell therapy dominated the
regenerative medicine market in 2017 with revenue
of 10.8 billion. The stem cell therapy market is
expected to grow at a CAGR of 23.3 to reach
revenue of 47.08 billion by 2023, whereas tissue
engineering is foreseen to grow at a CAGR of
24.6 during the forecast period. The tissue
engineering therapy accounted for revenue of 5.9
billion in 2017, and present finding says the
market will reach revenue of 24.06 billion and
lead second in the market. In tissue engineering,
demand for synthetic tissue materials is
currently in elevation, due to its higher
efficiency as compared to other naturally derived
materials. The total market for tissue
engineering usually prefers biologics derivative
materials, as they are created to provide better
outcomes during procedures.
Excerpts on Market Growth Factors
  • Tissue engineered and stem cell products having
    great potential for these medicines in
    regenerating diseased organs is one of the key
    factors driving the market in the U.S. The stem
    cell application and advancement in
    nanotechnology are set to bolster the market
    growth in the coming years.
  • The use of Nano scale materials in medicine
    delivery, and immunomodulation process has
    unlocked growing opportunities for the
    regenerative drugs market.
  • The potential of regenerative medicine functions
    towards repair, replace, and stimulate broken
    tissues and organs are relevant in a wide range
    of neurodegenerative diseases, dermatology,
    orthopedic and cardiovascular applications has
    made things better towards market growth.

Key Players of the Regenerative Market
  • Vertex Pharmaceuticals Incorporated
  • Medtronic Plc
  • Acelity L.P. Inc.
  • Smith Nephew Plc
  • Nuvasive, Inc.
  • Exactech, Inc.
  • Japan Tissue Engineering Co., Ltd
  • Mesoblast Inc.
  • Organogenesis Inc.
  • Osiris Therapeutics, Inc.
  • Vericel Corporation

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