What is Regenerative Medicine Market?
Regenerative medicine is used to grow replacement tissue or organs for patients who have sustained an injury or have had a disease due to which their tissue has been damaged permanently. Regenerative medicine works to repair structure and function of damaged tissues and organs and also working to generate solutions for organs that become permanently damaged.
The market study is being classified by Type (Cell-Based and Acellular), by Application (Cardiovascular, Oncology, Dermatology, Wound Healing, Neurology and Others) and major geographies with country level break-up.
Medtronic Plc. (Ireland), Allergan Plc. (Ireland), Stryker Corporation (United States), Tissue Regenix (United Kingdom), AstraZeneca (United Kingdom), Zimmer Biomet Holdings, Inc. (United States), Osiris Therapeutics (United States), CryoLife, Inc. (United States), Vericel Corporation (United States) and InCyte Corp (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Anika Therapeutics (United States), Athersys (United States), Bayer (Germany), CHA Biotech (South Korea) and Eisai (Japan).
The regenerative medicine market is highly competitive and fragmented. The small-scale companies are merging with large companies to improve tissue models for research and therapeutic purposes. Thus, companies are making considerable investments in different technologies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Regenerative Medicine market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Regenerative Medicine market by Type, Application and Region.
On the basis of geography, the market of Regenerative Medicine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Adoption of Stem Cell Technology
- Increase in prevalence of chronic diseases
Market Trend
- Technological Advancements in Regenerative Medicine
Restraints
Opportunities
- Infrastructure development in emerging economies
- Growing need of regenerative medicine in organ transplantation
Challenges
Market Leaders and some development strategies
Sept 14, 2018: Allergan to Acquire Bonti Adding New Neurotoxin Programs to Medical Aesthetics Pipeline.
May 7, 2018: AstraZeneca, SWIBCo Launch Stem Cell Cardiovascular Therapy Collaboration
Key Target Audience
Healthcare providers and clinical experts, Service providers, Therapeutic companies, Contract manufacturers and Research institutes