The Regenerative Medicine Market is projected to reach USD 38.70 Billion by 2021 at a CAGR of 23.6%.
The cell-based products are expected to dominate the global Regenerative Medicine Market. Increasing funding from several agencies and private organizations for the research and development of cell therapies, growing inclination of the healthcare industry towards stem cell research, and increasing global awareness about the benefits of stem cell therapies are driving the growth of the cell therapy segment.
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Regenerative Medicine Market
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Regenerative medicine Market, by Type
- Cell-based products
- Acellular products
Regenerative medicine Market, by Therapy
- Cell Therapy
- Gene Therapy
- Tissue Engineering
The Regenerative Medicine Market is fragmented with the presence of emerging players;
The key players in the cell-based products segment are Organogenesis Inc. (U.S.), Osiris Therapeutics, Inc. (U.S.), Vericel Corporation (U.S.), Stryker Corporation (U.S.), and NuVasive, Inc. (U.S.). The key players in the acellular products segment are Medtronic (Ireland), Acelity (KCI Concepts) (U.S.), Integra LifeSciences (U.S.), Cook Biotech Inc. (U.S.), and C.R. Bard (U.S)
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Major Applications Will Drive the Regenerative Medicine Market:
Orthopedic & Musculoskeletal Disorders application will drive the growth of regenerative medicine market
Based on therapy, the Regenerative medicine market is segmented into cell therapy, gene therapy, tissue engineering, and immunotherapy. Immunotherapy is the fastest growing segment in the global market, during the forecast period. This market is also segmented by application. By application, the segments are orthopedic & musculoskeletal disorders, dermatology, cardiology, diabetes, central nervous system diseases, and other applications. Oncology is the fastest growing application market in the global market in 2016.
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