Global Regenerative Medicine Market to Reach US$6.5 bn by 2019 Health Articles | June 9 Devan Dubnyk Jersey , 2016
The global regenerative medicine market (bone and joint) was valued at USD 2.6 billion in 2012 and is estimated to reach a market worth of USD 6.5 billion in 2019 growing at a CAGR of 12.8% from 2013 to 2019.
Transparency Market Research has published a new report on the global regenerative medicine market. As per the report, the global regenerative medicine market stood at US$2.6 bn in 2012 and is predicted to reach US$6.5 bn by 2019.the global regenerative medicine market is expected to expand at a 12.80% CAGR during the period from 2013 to 2019 due to factors such as technological innovations in biomaterials, the increasing prevalence of joint disorders, and the increasing number of orthopedic surgeries.
Regenerative medicines are an emerging field of medical science aimed at regeneration, repair, or replacement of damaged tissue and organs. As per the U.S. National Institute of Health Matt Dumba Jersey , regenerative medicine is the procedure of creating functional tissues to repair andor replace nonfunctional organs or tissues. With regenerative medicines, tissues or organs that have lost their functioning power due to congenital defects, age, and external or internal damage are repaired or replaced. Some of the application areas of regenerative medicines are neurology, cardiovascular, orthopedic Ryan Suter Jersey , and musculoskeletal disorders.
Factors such as technological advancements in stem cell therapy and tissue engineering are predicted to propel the global regenerative medicine market during the forecast period. However, ethical issues, post-implantation infections and complications, and regulatory constraints are expected to hamper the growth of the global regenerative medicine market in the years to come. Leading players are focusing on capturing the untapped market to increase their share in the global market. The high number of mergers, acquisitions, and partnerships expected to occur in the coming years is predicted to make the global regenerative medicine market highly competitive in the near future.
The global regenerative medicine market is segmented on the basis of technology Luke Kunin Jersey , application, and geography. Based on geography, the global regenerative medicine market is divided into Asia Pacific, Europe, North America, and Rest of the World. In 2012 Marcus Foligno Jersey , the global regenerative medicine market was dominated by North America due to the rising demand for bone and joint reconstructive surgeries. The region’s increasing aging population is predicted to propel the Europe regenerative medicine market in the next few years.? Going forward, Asia Pacific is expected to register considerable growth in the global regenerative medicine market.
Companies such as DePuy Synthes, Inc. (HEALOS Bone Graft), Stryker Corporation (Vitoss Bone Graft Substitute), Zimmer Holdings, Inc. (CopiOs Bone Void Filler) Jason Zucker Jersey , and Medtronic, Inc. (INFUSE Bone Graft) are expected to lead the global regenerative medicine market in the years to come. The entry of new players is predicted to create new growth opportunities in the near future. ?
By technology, the global regenerative medicine market is classified into stem cell therapy, tissue engineering, and biomaterials. In 2012, the biomaterials segment dominated the global regenerative medicine market due to factors such as favorable reimbursement policies. Moreover Joel Eriksson Ek Jersey , strong demand for biomaterials is predicted to propel the segment in the coming few years.
Key Segments of Global Regenerative Medicine Market
Regenerative Medicine (Bone and Joint) Market, by Technology Stem Cell Therapy Biomaterial Tissue Engineering
Regenerative Medicine (Bone and Joint) Market, by Application Bone Graft Substitutes Osteoarticular Diseases Allogeneic Bones Autogenic Bones Others
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