Market Snapshot:
Increasing cases of road accidents, chronic diseases, and trauma injuries will help to boost the global tissue engineering market. Tissue engineering is a preparation, which includes replacement or enhancement of biological tissue by application of material methods, biochemical, cells and engineering and physicochemical factors. Tissue engineering is an interdisciplinary field addressed to develop functional three-dimensional tissues merging, scaffolds, cells, and bioactive molecules. Tissue engineering also helps in a renewal of spoiled tissues by combining cells from the body with extremely porous scaffold biomaterials. The technological expansions in 3D tissue engineering, including the use of 3D bio-printers to design in-vitro implants and replacement of embryo cells with proliferative stem cells, lead to boost global market.
Highlights from Tissue Engineering Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Largest Market | North America |
Forecast Value (2030) | USD 8900.0 Million |
Unit | Value (USD Million) |
CAGR | 14.1% |
The key Players profiled in the report are Allergan Plc (Ireland), Integra Lifesciences (United States), C. R. Bard (United States), Zimmer Biomet (United States), Organogenesis (United States), Osiris Therapeutics (United States), Biotime Inc. (United States), B. Braun (Germany), International Stem Cell (United States) and Bio Tissue Technologies (Germany). Additionally, other players that are part of this comprehensive study are Stryker Corporation (United States), Tissue Regenix Group Plc. (United Kingdom) and RTI surgical, Inc. (United States).
Geographic Breakdown and Segment Analysis
The Global Tissue Engineering market presents a comprehensive analysis of the Tissue Engineering market by product type (Synthetic Materials, Biologically Derived Materials and Others), by end-user/application (Orthopedics, Musculoskeletal & Spine, Neurology, Cardiology & Vascular, Skin & Integumentary and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Tissue Engineering industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Tissue Engineering market, the Europe has emerged as a crucial market for several Tissue Engineering brands.
Analyst at AMA have segmented the market study of Global Tissue Engineering market by Type, Application and Region.
Influencing Trend:
Surge in Accident and Traumas around the Globe and Growing Prevalence of Kidney Related Disorders
Market Growth Drivers:
Increase in Funding From Government and Private Companies and High Progress in Adoption of Tissue Engineering In Regenerative Medicine Industry
Challenges:
Rising Concern about Product Failures
Restraints:
High Cost of Treatments Related To Tissue Engineering and Lack of Suitable Biomaterials and Techniques
Opportunities:
Encouraging Government Initiatives, And Huge Investments in R&D in Emerging Countries and Rising Demand in Neurology Segment
Market Developments Activities:
In December 2023, Ascendance Biomedical and 3D Systems partner to utilize 3D bioprinting technology for the production of personalized spinal fusion implants, aiming to improve patient outcomes and shorten recovery times.
In December 2023, Exacel Biosolutions introduces Fibrocel, a novel injectable hydrogel scaffold for minimally invasive delivery of stem cells and other therapeutic agents, opening doors for regenerative medicine applications.
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.
Key Target Audience
Industry Association, Government and Private Research Institutes, Regulatory Bodies and Others