Press Release

Global Tissue Engineering and Regeneration Market to grow with a CAGR of 8.35%

Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the Global Tissue Engineering and Regeneration Market.

 

According to TechSci Research report, “Global Tissue Engineering and Regeneration Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Global Tissue Engineering and Regeneration Market has valued at USD 14.57 billion in 2022 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 8.35% through 2028.  This can be due to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market. Growing awareness is a significant driver of the demand in the Global Tissue Engineering and Regeneration Market. As more people, healthcare professionals, and policymakers become aware of the potential benefits and applications of tissue engineering and regenerative medicine, it spurs increased interest and demand in this field. Increased awareness among patients about the potential of tissue engineering and regenerative therapies to address a wide range of medical conditions, from organ failure to tissue injuries, drives them to seek these advanced treatments. Patients and their families actively explore regenerative options for better health outcomes. Physicians and healthcare providers play a crucial role in informing and educating patients about the availability of tissue engineering and regenerative treatments. As awareness grows, more doctors may refer patients to regenerative therapies as part of their treatment options. As awareness spreads, the stigma associated with novel regenerative treatments decreases. Patients and healthcare professionals become more accepting of these therapies as mainstream medical solutions. Growing awareness leads to improved patient education materials, seminars, and support networks, which empower patients to make informed decisions about regenerative therapies.

 

Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on " Global Tissue Engineering and Regeneration Market.”

 

The field of tissue engineering and regeneration involves the synergistic combination of living cells and biomaterials to produce functional tissues. Regenerative medicine has experienced a transformative shift thanks to the integration of stem cells and growth factors, unlocking novel possibilities for addressing a broad spectrum of medical conditions and injuries. The development of state-of-the-art biomaterials, including scaffolds, hydrogels, and extracellular matrices, is contributing to the revenue growth of this market. The increased desire for personalized treatments and the utilization of 3D printing technology in tissue engineering have generated fresh opportunities in the market. In October 2020, 3M has unveiled the PREVENA RESTOR AXIO•FORM™ Incision Management System, specifically designed for the management of post-operative incisions and the surrounding soft tissue envelope in the context of orthopedic surgical repair for lower extremity fractures. The PREVENA RESTOR AXIO•FORM™ system plays a role in stabilizing the incision site and the adjacent soft tissue, reducing edema, and contributing to the improvement of post-operative recovery. This marks the third addition to the PREVENA RESTOR™ Therapy portfolio, which was initially introduced in 2019 to optimize post-surgical care and expand 3M's offerings in the field of specialty surgical solutions. The primary objective of the PREVENA RESTOR™ Incision Management System is to address surgical incisions that continue to produce drainage after sutured or stapled closure by creating a sealed environment and using negative pressure wound therapy to remove exudates.

Ethical and legal concerns are significant challenges in the Global Tissue Engineering and Regeneration Market. These challenges arise from the complex nature of the field, the need to balance scientific progress with ethical considerations, and the necessity of navigating a dynamic regulatory landscape. Obtaining informed consent from patients participating in clinical trials and treatments is crucial. Patients must fully understand the risks and benefits of regenerative therapies and provide voluntary consent. Ensuring that patients are well-informed is an ethical and legal requirement. Determining ownership and control of cells and tissues used in tissue engineering can be ethically and legally complex. Issues may arise when cells are harvested from patients or donors, especially when considering intellectual property rights. Intellectual property disputes can occur over the ownership of technologies, methods, and products developed in the tissue engineering and regenerative medicine field. Legal battles over patents can stifle innovation and delay the availability of treatments. The collection and use of patient data and genetic information for personalized regenerative therapies raises concerns about privacy and data protection. Adherence to data protection laws is essential, particularly in research and treatment settings.

Global Tissue Engineering and Regeneration Market is segmented based on Products, Application, and by region.  Based on the Product, Global Tissue Engineering and Regeneration Market is segmented into Biomaterials, Cell Therapy, Tissue Engineering. Cell therapy is a form of regenerative medicine that involves the use of living cells to treat or potentially cure various diseases, injuries, and medical conditions. The primary objective of cell therapy is to harness the therapeutic properties of cells, such as stem cells, immune cells, or other specialized cell types, to restore tissue function, repair damaged organs, or stimulate the body's own regenerative mechanisms. Immunotherapies, such as CAR-T cell therapy, involve genetically modifying a patient's own T cells to target and destroy cancer cells. These therapies have shown remarkable success in treating some forms of cancer. Stem cells are used to promote tissue regeneration in cases of injuries, degenerative diseases, or congenital defects. For example, mesenchymal stem cells can aid in bone and cartilage repair, while neural stem cells can help restore damaged neural tissues. Certain cell therapies aim to modulate immune responses, either by suppressing or enhancing the immune system. This can be useful in autoimmune diseases, transplant rejection prevention, or boosting the immune response against infections.

Based on Region, North America held the largest share in the Global Tissue Engineering and Regeneration Market. A robust and stable economic environment in North America encourages investment and business growth. This attracts both domestic and international companies to set up operations in the region. The availability of venture capital and private equity funding in North America enables startups and established companies in the tissue engineering and regenerative medicine sector to secure the financial resources needed for research and development. North America benefits from a skilled and experienced medical and scientific workforce. Clinicians and researchers are well-trained in the latest techniques and technologies in regenerative medicine. Patients and healthcare professionals in North America are generally more aware of and open to regenerative therapies. This increases market demand and accelerates adoption.

 

Some of the major companies operating in the Global Tissue Engineering and Regeneration Market include:

  • Organogenesis Inc.
  • Acelity L.P. Inc.
  • Zimmer Biomet Holdings Inc.
  • Stryker Corporation
  • Integra LifeSciences Holdings Corporation
  • Medtronic plc
  • Smith & Nephew plc
  • Athersys Inc.
  • Vericel Corporation
  • Osiris Therapeutics, Inc.

 

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“Certain areas, particularly in North America, are projected to exert significant demand for Tissue Engineering and Regeneration. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhance the overall wellbeing of people each year, are expected to contribute to a remarkable growth of the Global Tissue Engineering and Regeneration Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

Tissue Engineering and Regeneration Market by Product (Biomaterials, Cell Therapy, Tissue Engineering), by Application (Orthopedics, Dermatology, Cardiology, Neurology, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Global Tissue Engineering and Regeneration Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Tissue Engineering and Regeneration Market.


 

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