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Regenerative Medicine Market

Segmentation by Therapy (Cell Therapy, Gene Therapy, Tissue Engineering, Small Molecules & Biologics, and Others); by Material (Synthetic Material, Biologically Derived Material, Genetically Engineered Material, and Others); by Application (Cardiovascular, Oncology, Dermatology, Musculoskeletal, Wound Healing, Ophthalmology, Neurology, and Others); by End User (Hospitals, Clinics, and Others) – Global Demand Analysis & Opportunity Outlook 2020-2029

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Report ID: 1884 | Published On: Feb 14, 2023
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  1. Market Definition
    1. Market Definition
    2. Market Segmentation
    3. Research Methodology
  2. Executive Summary- Global Regenerative Medicine Market
  3. Analysis of Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Trends
  4. Industry Analysis
    1. Policy and Regulation
    2. Impact of COVID-19 on the Market
    3. Risk Analysis
  5. Global Regenerative Medicine Market Outlook
    1. Market Overview- Market Size (2020-2029)
    2. Market Segmentation Analysis 2020-2029
      1. By Therapy Type, 2020-2029F (in USD Million)
      2. By Material Type, 2020-2029F (in USD Million)
      3. By Application, 2020-2029F (in USD Million)
      4. By End-User, 2020-2029F (in USD Million)
      5. By Region, 2020-2029F (in USD Million)
        1. North America, 2020-2029F (in USD Million)
        2. Europe, 2020-2029F (in USD Million)
        3. Asia Pacific, 2020-2029F (in USD Million)
        4. Latin America, 2020-2029F (in USD Million)
        5. Middle East & Africa, 2020-2029F (in USD Million)
  6. North America Regenerative Medicine Market Outlook
    1. North America Regenerative Medicine Market Segmentation Analysis 2020-2029
      1. By Therapy Type, 2020-2029F (in USD Million)
      2. By Material Type, 2020-2029F (in USD Million)
      3. By Application, 2020-2029F (in USD Million)
      4. By End-User, 2020-2029F (in USD Million)
      5. By Country, 2020-2029F (in USD Million)
  7. Europe Regenerative Medicine Market Outlook
    1. Europe Regenerative Medicine Market Segmentation Analysis 2020-2029
      1. By Therapy Type, 2020-2029F (in USD Million)
      2. By Material Type, 2020-2029F (in USD Million)
      3. By Application, 2020-2029F (in USD Million)
      4. By End-User, 2020-2029F (in USD Million)
      5. By Country, 2020-2029F (in USD Million)
  8. Competitive Structure
    1. Amgen Inc.
    2. Novartis AG
    3. Medtronic Plc.
    4. Stryker Corporation
    5. CryoLife, Inc.
    6. Integra LifeSciences Corporation
    7. 3M Company
    8. AbbVie Inc.
    9. Zimmer Biomet

Growth Drivers and Challenges Impacting the Growth of the Global Regenerative Medicine Market

Growth Drivers

  • Rise in Incidences of Cancer, Diabetes and CVDs
  • Increasing Research & Development Activities in the Field of Medical Sciences
  • Increasing Geriatric Population

Challenges

  • High Cost of the Regenerative Medicine Treatment
  • Stringent Government Regulations


Regenerative Medicine Market Graph
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Global Regenerative Medicine Market Regional Synopsis
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Regionally, the global regenerative medicine market is segmented into five major regions including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among the markets in these regions, the market in North America is estimated to hold leading market share throughout the forecast period and further attain a revenue of USD 69,194.25 Million in 2029. The market in Europe is projected to hold second leading stance and further garner a revenue of USD 56,682.0 Million in 2029 owing to the increasing cases of oncology and heart related diseases. In North American region, the United States is projected to generate significant growth opportunities for the market growth by attaining a revenue of USD 17,406.6 Million in 2021. The market in the U.S. is expected to hold 84.78% of the market share of the regenerative medicines market in North America in 2029, majorly owing to presence of major market players across U.S., such as, Integra LifeSciences Corporation, Sangamo, Zimmer Biomet and others, along with the presence of a strong healthcare infrastructure. The growing incidences of diseases related to oncology and cardiology are further estimated to boost the demand for regenerative medicines in the U.S. during the forecast period. Moreover, growing research and development practices, along with the increase in ambulatory surgical centers in the country are anticipated to influence the regenerative medicines market positively in the coming years. 

The market in Europe is segmented on the basis of country into Germany, U.K., France, Italy, Spain, Turkey, Russia, and Rest of Europe, out of which, the market in Germany is anticipated to hold the largest market share of 23.28% in the year 2029 and further attain a revenue of USD 15502.53 Million in the same period. Growing healthcare expenditure in the country, along with the increasing focus of the government on prioritizing healthcare services for its citizens, and the need for qualitative healthcare services amongst individuals are some of the major factors anticipated to drive the market growth in the country.


Global Regenerative Medicine Market Segmentation Synopsis

The global regenerative medicine market is segmented by therapy into cell therapy, gene therapy, tissue engineering, small molecule & biologic, and others. Out of these, the cell therapy segment is expected to hold the largest market share throughout the forecast period and further attain a revenue of USD 100,165 Million by the end of 2029, up from USD 19,608.88 Million in 2020. The segment is also anticipated to grow with the highest CAGR of 17% during the forecast period. Based on material, the market is segmented into synthetic material, biologically derived material, genetically engineered material, and others, out of which, the biologically derived material segment is expected to register the largest revenue of USD 76715 Million by the end of 2029 by growing with the highest CAGR of 17.52% during the forecast period. The biologically derived material segment is further segmented into collagen, xenogenic material, and other, out of which, the collagen segment is expected to grab the largest market revenue of USD 41809.68 Million by the end of 2029. The segment is also expected to grow with the highest CAGR of 18.92% during the forecast period. Based on application, the market is segmented into cardiovascular, oncology, dermatology, musculoskeletal, wound healing, ophthalmology, neurology, and others. Amongst these segments, the oncology segment is expected to hold the largest market share by attaining a revenue of USD 73616.25 Million by the end of 2029, up from USD 14859.98 Million in 2020. The market is also segmented by end user into hospitals, clinics, and others. Out of these, the hospitals segment is expected to hold the majority of the market share and further attain a revenue of USD 111387.50 Million by the end of 2029.

Regenerative Medicine Market Value By Therapy Type imageRegenerative Medicine Market Value image


Regenerative Medicine Market Value By Therapy Type image
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Top Featured Companies Dominating the Market

    Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global regenerative medicine market that are included in our report are Amgen Inc., Novartis AG, Medtronic Plc., Stryker Corporation, CryoLife, Inc., Integra LifeSciences Corporation, 3M Company, AbbVie Inc., Zimmer Biomet, and others.


In The News

  • In April 2020, Novartis declared that its medicine, named Kymriah, has received the designation of Regenerative Medicine Advanced Therapy (RMAT) by the US FDA.

  • In November 2020, Stryker announced that it had completed the acquisition of the multinational medical device company, Wright Medical Group N.V. This acquisition will enable Stryker to enhance its global market position and reach more patients.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the regenerative medicine market?

Ans: The rising incidences of cancer, diabetes and cardiovascular disease along with the rise in research activities are the major factors responsible for the growth of the market.

2) What would be the CAGR of regenerative medicine market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 16.43% over the forecast period i.e., 2021-2029.

3) What are the challenges affecting the regenerative medicine market growth?

Ans: High cost of treatment and stringent government policies are estimated to act as barriers to the market growth.

4) Which region will provide more business opportunities for growth of regenerative medicine market in future?

Ans: Europe is estimated to create notable opportunities for market growth over the forecast period.

5) Who are the major players dominating the regenerative medicine market?

Ans: The major players in the market Amgen Inc., Novartis AG, Medtronic Plc., Stryker Corporation, CryoLife, Inc., Integra LifeSciences Corporation, 3M Company, AbbVie Inc., Zimmer Biomet, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the regenerative medicine market?

Ans: The market is segmented by therapy, material, application, end-user, and by region.

8) Which segment captures the largest market size in end-user segment in regenerative medicine market?

Ans: The hospital segment is anticipated to hold largest market size in value and is estimated to display significant growth opportunities.

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