PUNE, India, July 7, 2016 /PRNewswire/ --
According to a new market research report "Regenerative Medicines Market by Therapy (Cell Therapy, Gene Therapy, Immunotherapy, Tissue Engineering), by Product (Cell-Based, Acellular), Application (Orthopaedic & Musculoskeletal Spine, Dermatology, Cardiovascular, Central Nervous System), Region - Global Forecast to 2021", published by MarketsandMarkets, The global market size is expected to reach USD 49.41 Billion by 2021, at a CAGR of 23.7% during the forecast period of 2016 to 2021.
Browse 75 market data Tables and 91 Figures spread through 160 Pages and in-depth TOC on "Regenerative Medicines Market"
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The market is steadily progressing owing to various factors, such as increasing research in regenerative medicines in the field of orthopaedic musculoskeletal spine and dermatology, investments done by pharmaceutical and biotechnology companies in regenerative medicines especially in cell therapies and immunotherapy, initiatives undertaken by governments, and rapid increase in the need for organ transplantation.
Regenerative medicine is one of the new evolving fields of research and technology in the market. It can be attained by encouraging the body's own cells to heal, or by treating a patient with laboratory grown cells and tissues. This field involves a vast network of companies actively involved in biology, chemistry, engineering, and physical sciences. These companies are aggressively developing cell-based therapies, biologics, tissue-engineered cells and materials, and implantable devices.
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North America contributed the largest share in the global Regenerative Medicines Market, and was dominated largely by the U.S. Increasing number of organ transplantation and increasing demand of research due to increasing cases in different application areas such as orthopedic musculoskeletal spine, oncology, cardiovascular diseases, and others are driving the U.S. market. Europe is the second-largest market for regenerative medicines with Germany leading the market in the region. The limitations of the global Regenerative Medicines Market are huge investments required in regenerative medicines and lack of experienced professionals in this field.
Major companies operational in the Regenerative Medicines Market are Celgene Corporation (U.S.), Acelity (U.S.), StemCells, Inc. (U.S.), Organogenesis Inc. (U.S.), among others.
The research study is aimed at identifying emerging trends and opportunities in the global Regenerative Medicines Market along with detailed classifications, in terms of revenue. It provides comprehensive competitive landscape and identifies the key players with respect to market size and market share. The research study also includes a detailed segmentation of the global Regenerative Medicines Market on the basis of product, therapy, application type, and geography.
Apart from the market segmentation, this report also provides an in-depth analysis of the market by providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global Regenerative Medicines Market.
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