Regenerative Medicine Market Size Worth $ ~41.45 billion by 2031 - Market Size, Share, Forecasts and Trends Analysis Report with COVID-19 Impact by Growth Plus Reports
NEW YORK, Nov. 16, 2021 /PRNewswire/ -- According to a latest trending report titled "Regenerative Medicine Market- Global Outlook and Forecast 2021-2031" The global regenerative medicine market is expected to grow at a CAGR of 15.5%" due to rising new product launches, and a large number of ongoing research activities related to regenerative medicine.
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Growth Engines
The field of medicine is continuously evolving as newer therapies and medicines are launched in the market. Several public-private institutes and companies are focused on conducting studies for developing innovative therapies. For instance, in October 2020, Thermo Fisher Scientific Inc. launched Gibco CTS Rotea Counterflow Centrifugation System, a closed cell therapy processing system for development and manufacturing of scalable and cost-effective cell therapy. Similarly, in December 2020, Bayer AG launched a cell and gene therapy platform within its pharmaceutical division. Moreover, growing product pipeline is also anticipated to fuel the market growth in the forecast period.
The global regenerative medicine market has been analyzed from three perspectives: Product Type, Application, and Region.
Excerpts from 'Competitive Landscape'
The prominent players operating in the global regenerative medicine market are:
- 3M
- Allergan
- Gilead Sciences, Inc
- Bristol-Myers Squibb Company
- Integra LifeSciences Corporation
- Amgen Inc
- Novartis AG
- Medtronic
- Spark Therapeutics, Inc
- Stryker
Excerpts from 'By Product Type Segmentation'
Based on product type, the regenerative medicine market has been segmented into cell therapy, tissue-engineered products, gene therapies, and progenitor and stem cell therapies. Cell therapy segment is further sub-segmented into autologous therapies and allogeneic therapies. Progenitor and stem cell therapies segment is anticipated to grow at a higher CAGR during the forecast period. Stronger stem cell product pipeline and rising investments for stem cell research activities are some of the major factors expected to propel the market growth of progenitor and stem cell therapies during the projected period.
Excerpts from 'By Region Segmentation'
Regionally, the global regenerative medicine market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America held the largest market share in the global regenerative medicine market. Large geriatric population base coupled with high incidence of acute and chronic disorders, higher number of research activities related to regenerative medicine, and better adoption of regenerative medicinal products are some of the factors owing to which the North American market occupied the largest chunk of the market in 2020. Rising public-private funding for research studies, growing pipeline of cell therapy and stem cell therapy products, and growing number of FDA approvals for these products are further expected to drive the growth of regenerative medicine market in the forecast period.
Table of contents
1 INTRODUCTION
1.1 Market Ecosystem
1.2 Geographic Scope
1.3 Timeline Under Consideration
- Historical Years – 2018 and 2019
- Base Year – 2020
- Forecasted Years – 2021 to 2031
1.4 Currency Used in the Report
2 RESEARCH METHODOLOGY
2.1 Research Approach
2.2 Data Collection Methodology
2.3 Data Sources
2.3.1 Secondary Sources
2.3.2 Primary Sources
2.4 Market Estimation Approach
2.4.1 Bottom Up
2.4.2 Top Down
2.5 Market Forecasting Model
2.6 Limitations and Assumptions
3 PREMIUM INSIGHTS
3.1 Current Market Trend (COVID-19 Perspective)
3.2 Pipeline Assessment
3.3 Key Players and Their Competitive Positioning (2020)
4 MARKET DYNAMICS
4.1 Drivers
4.2 Restraints/Challenges
4.3 Opportunities
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