Report Description

 

Forecast Period

2024-2028

Market Size (2022)

USD 14.67 Billion

CAGR (2023-2028)

9.45%

Fastest Growing Segment

Tissue Engineering

Largest Market

North America

 

Market Overview

Global Regenerative Medicine Market has valued at USD 14.67 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.45% through 2028. Regenerative medicine is an emerging discipline that focuses on the replacement or regeneration of damaged human organs or tissues. This therapeutic approach utilizes stem cells to restore function to tissues and organs that are unable to heal themselves. Scientists anticipate that this therapy will enable the laboratory growth of organs and tissues, which can then be safely implanted into the human body. The demand for regenerative medicine is rapidly increasing due to its personalized treatment approach, which provides more effective management of conditions compared to conventional treatments. Regenerative medicine encompasses a range of medical techniques, including artificial organs, cellular therapies, and tissue engineering. Tissue engineering and biomaterials employ scaffolds that are implanted in the body to facilitate the formation of new tissue. These scaffolds attract stem cells, promoting the development of tissue with the desired shape. Cellular therapies utilize stem cells derived from dental pulp, fat, skeletal muscle, blood, bone marrow, and other sources to repair damaged tissues within the body. Additionally, medical devices and artificial organs offer support to failing organs within the body.

Key Market Drivers

Increasing Investments in R&D Activities

Increasing investments in research and development (R&D) activities have propelled market growth by driving innovative product launches. This surge in investments has led to comprehensive R&D initiatives, with numerous start-up companies receiving funding for the development of novel therapies and products. Consequently, this has facilitated significant collaborations, mergers, and partnerships aimed at maximizing the mutual benefits of R&D activities. In June 2022, Galapagos, a Belgian biotech company, announced its acquisition of Cell Point and Abound Bib. This strategic move aims to expedite the development and commercialization of next-generation cell therapies. With the integration of Cell Point and Abound Bio, Galapagos will gain access to innovative, scalable, decentralized, and automated point-of-care cell therapy supply models, as well as a cutting-edge fully human antibody-based therapeutics platform. Together, these advancements position Galapagos as a fully integrated biopharmaceutical company with the potential to disrupt the CAR-T treatment paradigm. Apart from private entities, various governments and government-funded research institutes are actively investing in this industry to introduce effective treatment options for chronic diseases like cancer, Parkinson's disease, diabetes, renal diseases, cardiovascular diseases, and others. In January 2022, the Royal College of Surgeons in Ireland secured USD 226,000 in funding from the European Commission for the development of antioxidant-ion substituted nanoparticles for osteoporotic bone treatment.

Increasing Prevalence of Chronic Ailments

The increasing prevalence of chronic conditions such as heart disease, diabetes, and cancer are expected to drive market growth. For instance, data published by the Centers for Disease Control and Prevention reveals that 37.3 million people in the United States are living with diabetes. Factors contributing to the rise in diabetes include shifting lifestyles, an aging population, and a lack of physical activity. Stem cell biology presents promising solutions for diabetes treatment, utilizing various types of stem cells including embryonic, germline, mesenchymal, and induced pluripotent cells.

Growing Incidence of Genetic Disorders and Trauma Emergencies

The rise in the prevalence of diseases, such as congestive heart failure, myocardial infarction, Parkinson’s disease, various forms of bone loss, and Duchenne muscular dystrophy (DMD), is driving the demand for cell therapy in the regenerative medicine market. Additionally, the conventional reliance on heterotopic autologous grafts like the intestine, colon, or stomach for bladder, ureter, and urethra reconstruction is fueling market growth. Numerous companies are striving to advance cell therapy through collaborations with other companies or research institutes. For instance, in April 2018, Eli Lilly partnered with Sigilon Therapeutics to develop encapsulated cell therapies for type I diabetes treatment. The development of such cutting-edge products is expected to augment the demand for cell therapies and subsequently boost the regenerative medicine market.

While autologous cell therapy, allogenic cell therapy, and xenogenic cell therapy are extensively utilized in the regenerative medicine market, only a limited number of products have received FDA approval for commercialization. Laviv from Fibrocell Science, Inc. is approved for the treatment of moderate-to-severe nasolabial fold wrinkles in adults, while Carticel from Genzyme Corporation is used for the repair of symptomatic cartilage defects in the knees. The prevalence of trauma injuries has led to an increased adoption of regenerative medicine and organ transplantation. The rise in accidents, burn injuries, and other trauma cases has significantly contributed to the growth of the regenerative medicine market. According to the Center for Disease Control and Prevention, there were approximately 223,135 hospitalizations related to Traumatic Brain Injury (TBI) in 2019, along with 69,473 TBI-related deaths in 2021.

These figures translate to over 611 TBI-related hospitalizations and 176 TBI-related deaths per day in the United States alone. This surge in accident trauma cases has driven the global demand for regenerative medicines. Many companies have expanded their presence in the regenerative medicine market for trauma injuries, although it is not yet dominant and is primarily used in organ transplantation. However, as technologies for accident care units continue to advance, the regenerative medicine market is expected to experience rapid growth in the forecast period.

Emergence of New Technologies

The advent of novel technologies, such as 3-D printing, is anticipated to drive the adoption of autologous cell therapies for life-threatening ailments. Apligraf, developed by Organogenesis, Inc., is a notable allogenic cell-based product employed in the treatment of venous leg ulcers and diabetic foot ulcers. Advancements in regenerative technologies fuel the commercial applications of stem cells in the regenerative medicine market. Promising organs like heart arteries, engineered bladders, and other internal organs and ligaments contribute to this progress. Several stem cell-based therapies are currently undergoing clinical trials, showcasing tremendous potential for tissue regeneration. Market players have introduced numerous technologies to enhance the efficiency of stem cell research and commercial applications, thereby driving the growth of the regenerative medicine market.

Government and private agencies' programs and investments in R&D are expected to bolster market growth during the forecast period. However, the high cost of regenerative medicine treatments may impede market growth in the future. GlaxoSmithKline has developed a product for adenosine deaminase, which causes severe combined immunodeficiency (ADA-SCID). Additionally, other companies engaged in gene additive therapies research include GE Healthcare, Mayo Clinic, and others. The research involves the use of nucleases like zinc finger nucleases (ZFNs), CRISPR/Cas9, mega nucleases (MNs), and others, which are precisely tailored to modify the human genome by targeting specific cells. However, gene correction can lead to unintended effects, impacting cell development and proliferation. Furthermore, the efficiency of gene correction treatment varies depending on the targeted cells' genome, which limits its usage.


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Key Market Challenges

Lack of Reliable Vector Production for Cell and Gene Therapy

Current methods of vector production often have limitations in terms of scalability. Producing enough high-quality vectors to meet the demands of clinical trials and potential commercialization can be challenging, especially for therapies with large patient populations. As regenerative medicine advances, the diversity of therapeutic approaches and vector types increases. Developing reliable vector production methods for various vectors, including adeno-associated viruses (AAVs) and lentiviruses, is crucial to accommodate this diversity.

High Treatment Cost

The high costs associated with treatments utilizing these products, coupled with the absence of reimbursement policies, are significant factors impeding market growth. For example, most stem cell therapies are classified as experimental or investigational drugs or treatments, resulting in limited Medicare insurance coverage and a substantial portion of out-of-pocket expenses. Medicare only covers treatment expenses for FDA-approved therapies, such as allogeneic transplantation. According to an article published by DVC Stem in July 2022, the cost of stem cell therapy ranges from USD 5,000 to USD 50,000, varying based on multiple factors including the type of stem cells administered, the number of cells administered, the quality of cells, the source of stem cells, and more. As stated in a December 2021 article from Pharmacy Times, Novartis' Zolgensma is a one-time gene therapy administered through a single intravenous infusion for the treatment of spinal muscular atrophy, topping the list with a one-time price of USD 2.12 million. The lack of coverage offered by major insurance providers leaves patients with the sole option of paying for treatment costs out-of-pocket or relying on crowdfunding, which delays treatment and hampers market growth. Furthermore, there is a limited number of approved therapies available for a wide range of patients suffering from various genetic disorders. These therapies are significantly expensive and may carry additional side effects, further hindering their adoption and limiting market growth.

Key Market Trends

Increase In Potential in Emerging Economies

Developing economies hold significant potential in the regenerative medicine market, driven by the rising prevalence of traumatic injuries and organ transplantations worldwide. Key industry players have strategically analyzed the opportunities in tissue engineering and regenerative medicine within these economies, leveraging various developmental strategies such as product launches, approvals, agreements, partnerships, and mergers. Despite ethical challenges arising from unfavorable norms, it is anticipated that developing economies will embrace tissue-engineering and regeneration technology.

Growth In Need of Regenerative Medicine in Organ Transplantation

Kidney transplants are the most sought-after procedures, with 80% of the waiting list comprised of patients in need of kidneys. Despite proactive measures by the government to increase the number of donors, the need for organ transplants continues to rise. Tissue engineering and regenerative medicine offer significant potential to address this growing demand for organ transplants on a global scale. However, there are significant challenges that must be overcome, such as vascularization and tissue signaling, to successfully replicate the functions of the original organs. Exciting advancements are being made in the development phase, with the possibility of successfully producing complex tissues and even whole organs to meet the needs of patients requiring transplants. For example, prototypes of human livers have already been created using tissue engineering, regeneration, and bioprinting technologies. The commercialization of regenerative medicine products holds great promise, given the numerous products currently in the pipeline undergoing various phases of clinical trials, with expectations of future commercial availability.

Segmental Insights

Therapy Insights

The tissue-engineering segment dominated the global regenerative medicine market in 2022, accounting for the largest market share. This can be attributed to several advantages, including the ability to replace defective structures with fully functional living structures and the potential for treating previously untreatable medical conditions. Additionally, significant investments in research and development to develop effective treatments, coupled with the continuous launch of new and innovative products, are expected to drive the demand in the tissue engineering segment.

Application Insights

The oncology segment dominated the regenerative medicine market in 2022 due to the increasing global burden of cancer. Significant investments by government organizations and private companies in cancer research and the development of regenerative and advanced cell therapies contributed to this trend. In January 2023, Calidi Biotherapeutics (CBT) and First Light Acquisition Group (FLAG) formed a partnership agreement with the goal of revolutionizing oncolytic virotherapies using stem cell-based platforms. The cardiovascular segment is expected to experience substantial growth during the forecast period. Advancements in cell-based therapies and regenerative medicines have accelerated progress in this field. Key players are actively involved in developing regenerative therapies that aim to repair, restore, and revascularize damaged heart tissues. There is a growing adoption of single and mixed cells from autologous and allogeneic sources to study their effects on cardiovascular diseases. Additionally, advanced biologics, small molecules, and gene therapy are being investigated to stimulate the regeneration of damaged heart cells. These factors are anticipated to further drive growth in the regenerative medicine market


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Regional Insights

Geographically, the North America region dominates the regenerative medicine market due to a high prevalence of chronic diseases and the presence of a sophisticated healthcare infrastructure. In contrast, the Asia-Pacific region is expected to experience rapid growth, driven by increasing healthcare expenditure and significant investments by major manufacturers to introduce new products. The regenerative medicine market in North America is currently in a phase of growth and holds great potential for the future, with many therapies advancing to the third phase of clinical trials. This indicates the active involvement of companies in commercializing regenerative medicine products. The government authorities' interest in supporting the growth of regenerative products is evident through favorable regulatory and reimbursement policies for tissue engineering. However, the adoption of embryonic stem cells is hindered by stringent regulatory policies related to stem cell technologies, primarily due to ethical concerns and controversies surrounding their source. These factors pose challenges and restrict the growth of the market.

Recent Developments

  • In September 2022, the National Cancer Center (NCC), Japan Tissue Engineering Co., Ltd., Teijin Limited, Ltd., and Mitsui Fudosan Co. jointly announced the establishment of a platform for regenerative medicine in Japan. This collaborative platform aims to support the development of innovative treatments for conditions with unmet needs. It will serve as a comprehensive system, facilitating R&D, commercial regenerative medicine production, and business plan formulation.
  • In April 2022, Autolus Therapeutics plc announced that the U.S. Food and Drug Administration (FDA) has granted Regenerative Medicine Advanced Therapy designation to its lead gene therapy, obecabatagene autoleucel. This therapy is a CD19-directed autologous chimeric antigen receptor T therapy currently under investigation in the ongoing FELIX Phase 2 study of Leukemia.
  • In June 2021, the launch of the RegeneratOR Test Bed brought together valuable resources to advance the field of regenerative medicine in the United States.

Key Market Players

  • Stryker Corporation
  • Athersys, Inc.
  • Integra Lifesciences Corporation
  • Isto Biologics (Isto Biologics Medical Systems, Inc.)
  • Organogenesis Inc.
  • CryoLife, Inc.
  • Medtronic plc
  • U.S. Stem Cell, Inc.
  • Zimmer Biomet Holdings, Inc.
  • 3M Company

 By Therapy

By Material

By Application

By End User

By Region

  • Stem Cell Therapy
  • Gene Therapy
  • Tissue Engineering
  • Small Molecule & Biologic

 

  • Synthetic Material
  • Biologically Derived Material
  • Genetically Engineered Material
  • Pharmaceuticals

 

  • Cardiovascular
  • Oncology
  • Musculoskeletal
  • Wound Healing
  • Ophthalmology
  • Others
  • Hospitals
  • Specialty Centers
  • Academic & Research Institutes
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
Report Scope:

In this report, the Global Regenerative Medicine Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Regenerative Medicine Market, By Therapy:

o   Stem Cell Therapy

o   Gene Therapy

o   Tissue Engineering

o   Small Molecule & Biologic

  • Regenerative Medicine Market, By Material:

o   Synthetic Material

o   Biologically Derived Material

o   Genetically Engineered Material

o   Pharmaceuticals

  • Regenerative Medicine Market, By Application:

o   Cardiovascular

o   Oncology

o   Musculoskeletal

o   Wound Healing

o   Ophthalmology

o   Others

  • Regenerative Medicine Market, By End User:

o   Hospitals

o   Specialty Centres

o   Academic & Research Institutes

  • Regenerative Medicine Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Regenerative Medicine Market.

Available Customizations:

Global Regenerative Medicine market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Regenerative Medicine Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Therapy Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    Global Regenerative Medicine Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Therapy (Stem Cell Therapy, Gene Therapy, Tissue Engineering, And Small Molecule & Biologic)

5.2.2.    By Material (Synthetic Material, Biologically Derived Material, Genetically Engineered Material, And Pharmaceuticals)

5.2.3.    By Application (Cardiovascular, Oncology, Musculoskeletal, Wound Healing, Ophthalmology, And Others)

5.2.4.    By End User (Hospitals, Specialty Centres, Academic & Research Institutes)

5.2.5.    By Region

5.2.6.    By Company (2022)

5.3.  Market Map

6.    North America Regenerative Medicine Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Therapy

6.2.2.    By Material

6.2.3.    By Application

6.2.4.    By End User

6.2.5.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Regenerative Medicine Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Therapy

6.3.1.2.2.           By Material

6.3.1.2.3.           By Application

6.3.1.2.4.           By End User

6.3.2.    Canada Regenerative Medicine Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Therapy

6.3.2.2.2.           By Material

6.3.2.2.3.           By Application

6.3.2.2.4.           By End User

6.3.3.    Mexico Regenerative Medicine Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Therapy

6.3.3.2.2.           By Material

6.3.3.2.3.           By Application

6.3.3.2.4.           By End User

7.    Europe Regenerative Medicine Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Therapy

7.2.2.    By Material

7.2.3.    By Application

7.2.4.    By End User

7.3.  Europe: Country Analysis

7.3.1.    Germany Regenerative Medicine Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Therapy

7.3.1.2.2.           By Material

7.3.1.2.3.           By Application

7.3.1.2.4.           By End User

7.3.2.    United Kingdom Regenerative Medicine Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Therapy

7.3.2.2.2.           By Material

7.3.2.2.3.           By Application

7.3.2.2.4.           By End User

7.3.3.    Italy Regenerative Medicine Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecasty

7.3.3.2.1.           By Therapy

7.3.3.2.2.           By Material

7.3.3.2.3.           By Application

7.3.3.2.4.           By End User

7.3.4.    France Regenerative Medicine Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Therapy

7.3.4.2.2.           By Material

7.3.4.2.3.           By Application

7.3.4.2.4.           By End User

7.3.5.    Spain Regenerative Medicine Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Therapy

7.3.5.2.2.           By Material

7.3.5.2.3.           By Application

7.3.5.2.4.           By End User

8.    Asia-Pacific Regenerative Medicine Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Therapy

8.2.2.    By Material

8.2.3.    By Application

8.2.4.    By End User

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Regenerative Medicine Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Therapy

8.3.1.2.2.           By Material

8.3.1.2.3.           By Application

8.3.1.2.4.           By End User

8.3.2.    India Regenerative Medicine Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Therapy

8.3.2.2.2.           By Material

8.3.2.2.3.           By Application

8.3.2.2.4.           By End User

8.3.3.    Japan Regenerative Medicine Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Therapy

8.3.3.2.2.           By Material

8.3.3.2.3.           By Application

8.3.3.2.4.           By End User

8.3.4.    South Korea Regenerative Medicine Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Therapy

8.3.4.2.2.           By Material

8.3.4.2.3.           By Application

8.3.4.2.4.           By End User

8.3.5.    Australia Regenerative Medicine Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Therapy

8.3.5.2.2.           By Material

8.3.5.2.3.           By Application

8.3.5.2.4.           By End User

9.    South America Regenerative Medicine Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Therapy

9.2.2.    By Material

9.2.3.    By Application

9.2.4.    By End User

9.3.  South America: Country Analysis

9.3.1.    Brazil Regenerative Medicine Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Therapy

9.3.1.2.2.           By Material

9.3.1.2.3.           By Application

9.3.1.2.4.           By End User

9.3.2.    Argentina Regenerative Medicine Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Therapy

9.3.2.2.2.           By Material

9.3.2.2.3.           By Application

9.3.2.2.4.           By End User

9.3.3.    Colombia Regenerative Medicine Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Therapy

9.3.3.2.2.           By Material

9.3.3.2.3.           By Application

9.3.3.2.4.           By End User

10. Middle East and Africa Regenerative Medicine Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Therapy

10.2.2. By Material

10.2.3. By Application

10.2.4. By End User

10.3.             MEA: Country Analysis

10.3.1. South Africa Regenerative Medicine Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Therapy

10.3.1.2.2.         By Material

10.3.1.2.3.         By Application

10.3.1.2.4.         By End User

10.3.2. Saudi Arabia Regenerative Medicine Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Therapy

10.3.2.2.2.         By Material

10.3.2.2.3.         By Application

10.3.2.2.4.         By End User

10.3.3. UAE Regenerative Medicine Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Therapy

10.3.3.2.2.         By Material

10.3.3.2.3.         By Application

10.3.3.2.4.         By End User

11. Market Dynamics

12. Market Trends & Developments

13. Global Regenerative Medicine Market: SWOT Analysis

14. Competitive Landscape

14.1.             Business Overview

14.2.             Services Offerings

14.3.             Recent Developments

14.4.             Key Personnel

14.5.             SWOT Analysis

14.5.1. Stryker Corporation

14.5.2. Athersys, Inc.

14.5.3. Integra Lifesciences Corporation

14.5.4. Isto Biologics (Isto Biologics Medical Systems, Inc.)

14.5.5. Organogenesis Inc.

14.5.6. CryoLife, Inc.

14.5.7. Medtronic plc

14.5.8. U.S. Stem Cell, Inc.

14.5.9. Zimmer Biomet Holdings, Inc.

14.5.10.              3M Company

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Regenerative Medicine Market was estimated to be USD 14.67 Billion in 2022.

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Based on the therapy, the market is divided into stem cell therapy, gene therapy, tissue engineering, and small molecule & biologic. The tissue engineering segment emerged as the dominant force in the market in 2022 and is expected to witness lucrative growth throughout the forecast period. The market's growth is primarily propelled by an increasing number of research and development projects focused on stem cells. Furthermore, the utilization of biocompatible scaffolds in tissue engineering, which attract stem cells for tissue regeneration in desired shapes and sizes, is anticipated to drive the adoption of this technology.

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North America emerged as the market dominating region in 2022 due to the substantial presence of research organizations and universities actively engaged in stem cell-based therapy research and development. Asia Pacific is projected to experience the highest growth in the foreseeable future, driven by the rapid adoption of cell-based approaches in the healthcare sector.

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Increase in the number of clinical trials for stem cell and tissue-based regenerative therapies are the major drivers for the Global Regenerative Medicine Market.

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Sakshi Bajaal

Business Consultant
Press Release

Regenerative Medicine Market to Grow with a CAGR of 9.45% through 2028

Nov, 2023

Rising number of clinical trials for regenerative therapies and rising awareness for stem cell therapeutics is expected to drive the Global Regenerative Medicine Market growth in the forecast period,