What is Tissue Engineering and Organ Regeneration Market?
Exploring technological innovations to enhance the healthcare of the ageing and ailing populations is a global problem. Tissue engineering and regenerative medicine have steadily grown into a potential strategy to meeting future patient demands, among a variety of ways toward this objective. Tissue engineering mixes cells, scaffolds, and growth factors to regenerate or replace damaged or diseased tissues, whereas regenerative medicine combines tissue engineering with other techniques to induce tissue/organ regeneration, such as cell-based treatment, gene therapy, and immunomodulation. Every year, thousands of people die requiring organ transplant, and many more are afflicted by damaged organs. As a result of their inability to move and walk, people with spinal cord injuries face a slew of severe health difficulties. All these factors have facilitated the demand for Tissue Engineering and Organ Regeneration globally.
Highlights from Tissue Engineering and Organ Regeneration Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Integra LifeSciences (United States), CryoLife Inc. (United States), LifeCell International (India), Kinetic Concepts Inc. (United States), Sanofi Genzyme (United States), Cook Biotech (United States), BioMemetic Therapeutics (United States), Osiris Therapeutics (United States), StemCells Inc (United States) and Tengion (United States) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Integra LifeSciences (United States), CryoLife Inc. (United States), LifeCell International (India), Kinetic Concepts Inc. (United States), Sanofi Genzyme (United States), Cook Biotech (United States), BioMemetic Therapeutics (United States), Osiris Therapeutics (United States), StemCells Inc (United States) and Tengion (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are NuVasive (United States), Vericel Corporation (United States) and Cytori Therapeutics (United States). Tissue Engineering and Organ Regeneration Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Musculoskeletal, Oncology, Wound Care, Dental, Ocular and Other Applications |
Type | Tissue-engineered Products, Cell Therapies (Autologous Therapies, Allogenic Therapies), Gene Therapies and Progenitor & Stem Cell Therapies |
End User | Hospitals,Specialty Clinics |
On the basis of geography, the market of Tissue Engineering and Organ Regeneration 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.
Influencing Trend:
Emergence of Advance Treatment Procedures
Market Growth Drivers:
Prevalence of Chronic Diseases and Cancer, Increasing Array of Regenerative Medicine Products and Rising Investments in Regenerative Medicine R&D
Challenges:
Fierce Competitive Pressure and Market Penetration Across New Regions
Restraints:
Lack of Trained Professionals and Costly Procedures
Opportunities:
Growth in Healthcare Infrastructure Across Nations and Surge in Demand among Developing Regions
Key Target Audience
Tissue Engineering and Organ Regeneration Products Manufactures, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Market Leaders & Development Strategies
On 11th November, 2020 - Stryker Completed Its Acquisition of Wright Medical, Stryker's Trauma and Extremities Division Will Benefit from Wright Medical's Related Product Range and Client Base. Wright's Global Market Position in Trauma and Extremities Will Be Strengthened as A Result of This Purchase. and On 15th April, 2021 - Surrozen and Consonance-HFW Acquisition Corp. Announcd Collaboration Agreement, Surrozen's Pipeline of Lead Wnt-Modulating Antibody Products Will Be Advanced into Phase 1B With the Revenues from The Business Combination, And Pre-Clinical Research and Development Initiatives for Additional Products Will Be Continued.
On 24th February, 2020 - Integra LifeSciences Launched “AmnioExcel” Plus Placental Allograft Membrane. The New AmnioExcel Plus is A Next-Generation, Thicker, Tri-Layer, Non-Side Specific Allograft Made Up of Amnion, Chorion, And Amnion Layers That Helps to Heal Difficult Wounds.