Regenerative Medicine Market

Regenerative medicine holds a major promise for humanity in the near future. The branch of medicine promises to provide a new lease of healthy life for millions of individuals around the world with repair, regrowth, replacement, of damaged organs, cells, and tissues. The relationship between the body and the regenerative medicine is extremely complex. In order to provide regenerative medicine, experts need to rely on interdisciplinary knowledge of medicine, human mind, and highly evolved technology. This relationship and conventional demand for solving challenges like organ donation remain at the heart of rising research in regenerative medicine, and expanding market value.

Stem Cells Remains Most Prominent Development in the Regenerative Medicine Market

Many patients around the world keep a keen eye out for developments in stem cell research. The promise of stem cell is life, and death for millions of cancer patients, who yet do not have the means to avail life-saving treatments. Hence, stem cells receive a large portion of research investments every year, and this research is starting to bear fruits. For example, On Jan 8, 2020, the researchers at University of California, discovered a way to control the immune system’s natural killer or aka, NK cells. The virus was known for its ability to evade immune rejection. The findings will help researchers around the world to detect cancers, and destroy potential tumorous cells. Rising investment in stem cells and such major breakthroughs will likely lead to strong growth of the regenerative medicine market.

Musculoskeletal Diseases to Drive Strong Growth as Muscle Pain Soars Globally

Similarly, regenerative medicine market will also lead to strong growth in applications like treating musculoskeletal diseases. These diseases remain the highest contributor to disability around the world. Moreover, the lower back pain issue continues to plague millions of individuals becoming the largest reason for spread of disability among healthy individuals. The conditions affect nearly 20-33% people globally. It is estimated that one in two people in the US live with a musculoskeletal condition.

World Health Organization or WHO estimates that the spending on musculoskeletal conditions including joint replacement, and other surgery procedures remain highest in the world. Moreover, the economic loss due to loss of productivity due to musculoskeletal remains quite high in the developed world, with costs ranging $213 billion in the US or 1.4% of the GDP.

North America Will Likely Lead Growth as Opportunity for Commercialization Rise

The global regenerative medicine market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Among these, North America will likely occupy lion’s share of the regenerative medicine market during 2020-2025. The rising investment in research and development of stem cells, the highest cluster of research universities in the region, and growing advancement in technologies like 3D printing will drive growth in the region in the near future. Thanks to expansion of healthcare facilities in Asia Pacific, and on-going commercialization of healthcare will also open tremendous opportunities. The growth of stem cell banking supported by major tech companies for women in the workforce, and rising acceptable of therapies for chronic illnesses like cancer will also boost growth of the regenerative medicine market globally.

Some of the market players in regenerative medicine Market globally include 3M Group, Novartis AG, Integra Lifesciences Holdings Corporation and others.

The Regenerative Medicine Market is Segmented as Below:

By Product

• Tissue-engineered Products
• Cell Therapies
• Autologous Therapies
• Allogenic Therapies
• Gene Therapies
• Progenitor & Stem Cell Therapies

By Application

• Musculoskeletal
• Oncology
• Wound Care
• Dental
• Ocular
• Other Applications

By Region

• North America
• US
• Canada
• Europe
• UK
• Germany
• France
• Rest of Europe
• Asia Pacific
• Japan
• China
• Australia
• Rest of Asia Pacific 
• Rest of the World