Regenerative Medicine Market to Grow at 23.8% CAGR to 2024
The Regenerative Medicine Market is projected to reach US$ 38.7 Billion by 2024 from US$ 13.3 Billion in 2019, at a CAGR of 23.8% during the forecast period. The rising global incidence of cancer, increasing global aging population, and technological shifts in regenerative medicine such as CAR-T cell therapy are factors expected to drive market growth during the forecast period.
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Top Companies in the Regenerative Medicine Market include are Kite Pharma (US), Novartis (Switzerland), Vericel Corporation (US), Integra Life Sciences (US), Wright Medical (US), MiMedx (US), Osiris Therapeutics (US), Stryker Corporation (US), and Spark Therapeutics (US)
By type, the regenerative medicine market is segmented into cell-based immuno therapy & cell therapy products, tissue-engineered products, and gene therapy products. The cell-based immuno therapy & cell therapy products segment dominates this market in 2019 and is the fastest growing segment due to increasing launches of novel cell therapies, increasing demand for novel treatments with less side effects for the treatment of cancer are the major factors driving the growth of this market segment.
“Musculoskeletal Disorders application segment accounted for the largest share of the regenerative medicine market in 2019 and oncology segment expected to achive highest growth rate in the future”
By application, the regenerative medicine market is segmented into musculoskeletal disorders, wound care, oncology, ocular disorders, diabetes, and other applications. Musculoskeletal disorder applications segment likely to account for the largest share of this market and oncology is likely to register highest CAGR during the forecast period.
“North America is expected to attain fastest growth rate and dominated the regenerative medicine market in 2019”
North America, which includes the US, & Canada, accounted for the largest share of the regenerative medicine market. The large share of this market segment can be attributed to the increasing incidence of chronic wounds, diabetes, leukemia and musculoskeletal diseases in this region.
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Reasons to Access the Report:
- Market Penetration: Comprehensive information on regenerative medicines offered by the top 10 players in the regenerative medicine market. The report analyzes the regenerative medicine market by type, application, and region
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various regenerative medicine across key geographic regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the regenerative medicine market
- Competitive Assessment: In-depth assessment of market shares and strategies of the leading players in the regenerative medicine market
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