Regenerative Medicine Market Size is projected to reach USD 72.2 Billion by 2030, growing at a CAGR of 17.6%: Straits Research
The global regenerative medicine market size was valued at USD 13.4 Billion in 2022. It is expected to reach USD 72.2 Billion by 2031, growing at a CAGR of 17.6% during the forecast period (2023–2031).
New York, United States, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Regenerative drugs are used to repair, swap out, and regenerate tissues and organs harmed by injury, disease, or normal aging. Cell therapy treats patients with cellular elements like stem cells, autologous cells, xenogeneic cells, and others. In regenerative medicine, cells can be repaired, treatments are delivered to particular tissues or organs, self-healing is encouraged, and other things using cell therapy.
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Innovative Pipeline Candidates to Support Market Development Drives the Global Market
Regenerative medicine is increasingly used in disciplines like oncology, cardiology, and neurology, as well as treating wounds and mending tissue. Many pharmaceutical and life science companies are conducting clinical trials to establish their superiority over traditional treatment methods because the introduction of potential candidates is still in development, which will lead to the introduction of novel products and therapies in the market.
Expanding Consumer Acceptance of Cancer Immunotherapy Products Creates Tremendous Opportunities
Chemotherapy, radiotherapy, and surgery are frequently employed to treat cancer. Cancer immunotherapy using regenerative medicine has the advantage of being able to do so because naturally, hematopoietic stem or more developed cells can target and eradicate disease cells. Additionally, it facilitates a deeper understanding of cancer cells, advancing the development of effective treatments. As a result, both rising disease prevalence and rising product demand for cancer treatment will result in opportunities for market expansion.
Report Scope
Report Metric | Details |
Market Size by 2031 | USD 72.2 Billion |
Market Size in 2022 | USD 13.4 Billion |
CAGR | 17.6% |
Historical Data | 2020-2021 |
Base Year | 2022 |
Forecast Period | 2023-2031 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, By Material, By End User |
Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
Key Companies Profiled/Vendors | Zimmer Biomet Holdings Inc., Abbvie Inc., Cryolife Inc., Stryker, Medtronic Plc, Baxter International Inc., Organogenesis Inc., Ocata Therapeutics Inc, Integra Lifesciences Holdings Corporation, Reliance Life Sciences |
Key Market Opportunities | Expanding Consumer Acceptance of Cancer Immunotherapy Products |
Key Market Drivers | Availability of Resources and Rising R&D Expenditures |
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Regional Analysis
Americas is the most significant shareholder in the global regenerative medicine market during the forecast period. The establishment of organizations like the American Academy of Regenerative Medicine (AARM) and the American Board of Regenerative Medicine (ABRM) for setting regulatory standards and promoting excellence in the field of regenerative medicine, as well as the 21st Century Cures Act, increased investor funding, supportive governmental policies, and other factors all helped the Americas capture the lion's share of the market. Due to the 21st Century Cures Act, the Regenerative Medicine Innovation Project (RMIP) was established. This project supports adult stem cell research and clinical trials to advance regenerative medicine, focusing on patient safety and scientific rigor. In addition, the US Food and Drug Administration and the NIH have worked closely to implement RMIP (FDA). The FDA has approved several stem cell-based therapies for clinical research over the past ten years; many of these have already begun clinical trials.
Europe is expected to grow at a higher CAGR during the forecast period. Europe also held a sizable market share due to the success of pan-European initiatives (like CHRODIS and CHRODIS PLUS), government initiatives, public and private research funders, and cooperative scientific research projects in regenerative medicine. In the UK, more than 500,000 people have received a genetic disorder diagnosis, according to a case study done by the Royal Society in 2017, the country's oldest scientific academy. In addition, one of these genetic disorders more common in the UK than others is familial hypercholesterolemia. One in 250 Americans, or 0.4% of the population, has familial hypercholesterolemia. Genetic disorders' prevalence, mortality, and lifetime risk are on the rise and are influenced by environmental factors, chromosomal damage, and gene mutations.
Key Highlights
- The global regenerative medicine market size is expected to reach USD 72.2 Billion by 2031, growing at a CAGR of 17.6% during the forecast period (2023–2031).
- Based on the type, the global regenerative medicine market is bifurcated into cell therapy, gene therapy, tissue engineering, and small molecule and biologics. The cell therapy segment is the highest contributor to the market.
- Based on the material, the global regenerative medicine market is bifurcated into synthetic, genetically engineered, and biologically derived. The biologically derived segment owns the highest market share during the forecast period.
- Based on the end-user, the global regenerative medicine market is bifurcated into hospitals, specialty centers, and academic and research institutes. The hospital segment is the highest contributor to the market during the forecast period.
- Americas is the most significant shareholder in the global regenerative medicine market during the forecast period.
Competitive Players
The global regenerative medicine market’s major key players are Zimmer Biomet Holdings Inc., Abbvie Inc., Cryolife, Inc., Stryker, Medtronic Plc, Baxter International Inc., Organogenesis Inc., Ocata Therapeutics Inc, Integra Lifesciences Holdings Corporation, Integra Lifesciences Holdings Corporation, and Reliance Life Sciences.
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Global Regenerative Medicine Market: Segmentation
By Type
- Cell Therapy
- Gene Therapy
- Tissue Engineering
- Small Molecule and Biologics
By Material
- Synthetic
- Genetically Engineered
- Biologically Derived
By End-User
- Hospitals
- Specialty Centers
- Academic and Research Institutes
By Regions
- North America
- Europe
- Asia-Pacific
- The Middle East and Africa
TABLE OF CONTENT
- EXECUTIVE SUMMARY
- RESEARCH SCOPE & SEGMENTATION
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- Research Objectives
- Market Definition
- Limitations & Assumptions
- Market Scope & Segmentation
- Currency & Pricing Considered
- MARKET OPPORTUNITY ASSESSMENT
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- Emerging Regions / Countries
- Emerging Companies
- Emerging Applications / End Use
- Investment Landscape
- New Business Models / Revenue Streams
- TAM
- MARKET TRENDS
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- Drivers
- Market Warning Factors
- Latest Macro Economic Indicators
- Geopolitical Impact
- Human Factors
- Technology Factors
- MARKET ASSESSMENT
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- Porters Five Forces Analysis
- Value Chain Analysis
- Sales And Distribution Channel Analysis
- Case Study Analysis
- Patent Analysis
- M & A Agreements & Collabration Analysis
- ESG TRENDS
- GLOBAL REGENERATIVE MEDICINE MARKET SIZE ANALYSIS
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- Global Regenerative Medicine Market Introduction
- By Type
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- Introduction
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- Type By Value
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- Cell Therapy
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- Gene Therapy
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- Small Molecule And Biologics
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- Introduction
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- Material By Value
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- Introduction
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- End-User By Value
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- Hospitals
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NORTH AMERICA MARKET ANALYSIS
- Introduction
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- Introduction
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- Cell Therapy
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- Small Molecule And Biologics
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- Introduction
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- U.S.
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- Introduction
- Type By Value
- Cell Therapy
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- Gene Therapy
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- Tissue Engineering
- By Value
- Small Molecule And Biologics
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- Introduction
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- By Material
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- Introduction
- Material By Value
- Synthetic
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- Genetically Engineered
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- Biologically Derived
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- Introduction
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- By End-User
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- Introduction
- End-User By Value
- Hospitals
- By Value
- Specialty Centers
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- By Value
- Introduction
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- Canada
- EUROPE MARKET ANALYSIS
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- Introduction
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- Introduction
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- Type By Value
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- Cell Therapy
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- Small Molecule And Biologics
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- Introduction
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- Material By Value
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- Introduction
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- Hospitals
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- U.K.
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- Introduction
- Type By Value
- Cell Therapy
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- Gene Therapy
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- Tissue Engineering
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- Small Molecule And Biologics
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- Introduction
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- Introduction
- Material By Value
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- Genetically Engineered
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- Biologically Derived
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- Introduction
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- Introduction
- End-User By Value
- Hospitals
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- Specialty Centers
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- Academic And Research Institutes
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- Introduction
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- Germany
- France
- Spain
- Italy
- Russia
- Nordic
- Benelux
- Rest Of Europe
- APAC MARKET ANALYSIS
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- Introduction
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- Introduction
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- Type By Value
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- Cell Therapy
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- Small Molecule And Biologics
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- Introduction
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- China
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- By Type
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- Introduction
- Type By Value
- Cell Therapy
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- Gene Therapy
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- Tissue Engineering
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- Small Molecule And Biologics
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- Introduction
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- Introduction
- Material By Value
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- Genetically Engineered
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- Biologically Derived
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- Introduction
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- By End-User
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- End-User By Value
- Hospitals
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- Introduction
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- Korea
- Japan
- India
- Australia
- Taiwan
- South East Asia
- Rest Of Asia-Pacific
- MIDDLE EAST AND AFRICA MARKET ANALYSIS
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- Introduction
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- Introduction
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- Type By Value
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- Cell Therapy
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- Academic And Research Institutes
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- UAE
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- By Type
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- Introduction
- Type By Value
- Cell Therapy
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- Gene Therapy
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- Tissue Engineering
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- Small Molecule And Biologics
- By Value
- Introduction
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- By Material
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- Introduction
- Material By Value
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- Genetically Engineered
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- Biologically Derived
- By Value
- Introduction
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- By End-User
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- Introduction
- End-User By Value
- Hospitals
- By Value
- Specialty Centers
- By Value
- Academic And Research Institutes
- By Value
- Introduction
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- Turkey
- Saudi Arabia
- South Africa
- Egypt
- Nigeria
- Rest Of MEA
- LATAM MARKET ANALYSIS
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- Introduction
- By Type
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- Introduction
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- Type By Value
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- Cell Therapy
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- Gene Therapy
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- Small Molecule And Biologics
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- Introduction
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- Material By Value
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- Biologically Derived
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- By End-User
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- Introduction
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- End-User By Value
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- Hospitals
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- Academic And Research Institutes
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- Brazil
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- By Type
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- Introduction
- Type By Value
- Cell Therapy
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- Gene Therapy
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- Tissue Engineering
- By Value
- Small Molecule And Biologics
- By Value
- Introduction
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- By Material
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- Introduction
- Material By Value
- Synthetic
- By Value
- Genetically Engineered
- By Value
- Biologically Derived
- By Value
- Introduction
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- By End-User
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- Introduction
- End-User By Value
- Hospitals
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- Introduction
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- Mexico
- Argentina
- Chile
- Colombia
- Rest Of LATAM
- COMPETITIVE ASSESSMENT
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- Adoption Matrix
- Regenerative Medicine Market Share By Manufacturers
- Regenerative Medicine Market Ranking By Revenue For Manufacturers
- Average Price By Manufacturers
- Vendor Footprint Analysis
- MARKET PLAYERS ASSESSMENT
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- Zimmer Biomet Holdings Inc.
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- Overview
- Business Information
- Revenue
- ASP
- Gross Margin
- Swot Analysis
- Recent Developmments
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- Abbvie Inc.
- Cryolife Inc.
- Stryker
- Medtronic Plc
- Baxter International Inc.
- Organogenesis Inc.
- Ocata Therapeutics Inc
- Integra Lifesciences Holdings Corporation
- Reliance Life Sciences
- RESEARCH METHODOLOGY
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- Research Data
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- Secondary Data
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- Major Secondary Sources
- Key Data From Secondary Sources
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- Primary Data
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- Key Data From Primary Sources
- Breakdown Of Primaries
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- Secondary And Primary Research
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- Key Industry Insights
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- Market Size Estimation
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- Bottom-Up Approach
- Top-Down Approach
- Market Projection
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- Research Assumptions
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- Assumptions
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- Limitations
- Risk Assessment
- APPENDIX
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- Discussion Guide
- Customization Options
- Related Reports
- DISCLAIMER
Read the full Report Description with Table of Content and Figure @ https://straitsresearch.com/report/regenerative-medicine-market/toc
Market News
- In September 2022, an Exclusive Multi-Year Co-Marketing Agreement for the HipInsight Mixed Reality System for Total Hip Replacement was announced by Zimmer Biomet and Surgical Planning Associates
News Media
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Tissue Banking Market Grows Steadily at a CAGR of 5.83%
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