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Regenerative Medicine Market: Growth, Future Prospects & Competitive Analysis 2016-2023

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Published: | Report ID: 9324 | Category: Medical Devices

Market Insights

Regenerative medicine is an interdisciplinary field that makes use of both engineering and life science knowledge to regenerate and restore diseased and injured tissues and whole organs. This would aid in overcoming the hurdles caused during the transplantation of intact organs and tissues to treat organ and tissue failure and loss caused by limited donor supply and often severe immune complications. Regenerative medicine is an evolving field able to recreate or harness the body’s innate healing capacity as well as normalize congenital defects.

Regenerative medicine represents a new paradigm shift in the healthcare sector with the potential to address unmet needs by focusing on the underlying causes of disease. The surge in the prevalence of degenerative diseases is one key driver of growth. For most economical diseases that are chronic and disproportionately affect the elderly, such as diabetes, neurodegenerative disorders, stroke, cardiovascular disease, etc., regenerative medicine would help to alter the course of treatment and lower the healthcare cost.

The development of stem cell therapies, which are being applied in various medical conditions to restore body function and improve the quality of patients’ lives, is a driving force for the regenerative medicine market. Looking at this transformative future in the field of medicine, many research centers, disease foundations, and pharmaceutical and biotechnology companies have made investments in regenerative medicine.

In terms of economic benefits, regenerative medicine has the edge over the existing treatments because it is curative in nature rather than palliative or aims at delaying the progression of the disease rather than addressing the underlying cause. Though challenges exist in terms of stringent legislation and delays in regulatory affairs, which need to be addressed for the smooth entry of regenerative products into the market,

According to a report by Tufts University School of Medicine, the regenerative medicine sector in Europe, Japan, and the U.S. include more than 640 privately held and publicly traded companies. In the US, a number of mergers and acquisitions by leading vendors have recently taken place, thus attracting public as well as private funding in the regenerative medicine field. For instance, in November 2012, Smith & Nephew acquired Healthpoint Biotherapeutics for US$782 million. These acquisitions have resulted in a better vendor product portfolio and have had a positive impact on the growth of the market.

Japan and the Asia-Pacific region will be the fastest-growing markets for regenerative medicine therapies through 2020. The major driver in Japan is new legislation and the relaxation of regulation, which would help with the safer and faster provision of innovative products. The key drivers for the Asia Pacific market include increased awareness, advancement in nanotechnology, technological innovations in stem cell therapy and tissue engineering, the growing prevalence of bone and joint diseases, and the need for orthopedic surgeries.

The global regenerative medicine market is segmented on the following basis:

Type of Technology

  • Cell Therapy
  • Gene therapy
  • Tissue Engineering
  • Small molecules and biologics

Type of Material

  • Synthetic Materials
  • Biodegradable Synthetic Polymers
  • Scaffold
  • Hydrogel Material
  • Others
  • biologically derived materials
  • Collagen
  • Xenogeneic Material
  • Genetically Engineered Materials
  • Transgenic
  • Fibroblasts
  • Neural stem cells
  • Gene-Activated Matrices
  • Deoxyribonucleic Acid Transfection Vectors
  • Genetically manipulated cells
  • Others
  • Pharmaceuticals
  • Small Molecules
  • Biologics

Type of Application

    • Cardiovascular
    • Oncology
    • Dermatology
    • Musculoskeletal
    • Wound Healing
    • Ophthalmology
    • Neurology
    • Others
      • North America
        • U.S.
        • Canada
      • Europe
        • Germany
        • France
        • Italy
        • U.K.
        • Russia
        • Rest of Europe
      • Asia-Pacific
        • India
        • China
        • Japan
        • Rest of Asia-Pacific
      • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
      • Middle East and Africa
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa

Key players identified for the regenerative medicine market include, but are not limited to:

Baxter International Inc., Johnson & Johnson Ltd., Kinetic Concepts Inc., Medtronic Inc., Stryker Corp., Zimmer Biomet, Acelity, MiMedx Group, UniQure, DePuy Synthes, and Arthrex, Inc. Smith & Nephew plc, Japan Tissue Engineering Co., Ltd., Celgene Corporation, StemCells, Inc., and Vericel Corporation

This report offers the following:

      • An overview of the global markets for regenerative medicine
      • Market trends assessment for the period 2013-2023, with historical information for 2013, 2014, and 2015, and projections through 2023, with respective CAGRs during 2016-2023
      • Qualitative assessment tools such as market drivers, challenges, and opportunities
      • Market competition scrutiny tools such as market share analysis, fractal map assessment, and Porter’s Five Forces model
      • Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
      • A general overview of the industry structure
      • Company profiles highlight key information about the major players operating in the regenerative medicine market.

Frequently Asked Question

What is the size of Regenerative Medicine Market?

The market for Regenerative Medicine Market is expected to reach USD$ 782 million in 2023.

What is the Regenerative Medicine Market CAGR?

The Regenerative Medicine Market is expected to see significant CAGR growth over the coming years, at XX% .

What is the Forecast period considered for Regenerative Medicine Market?

The report is forecasted from 2016 -2023.

What is the base year considered for Regenerative Medicine Market?

The base year of this report is 2015.

Who are the major players in this market?

Baxter International Inc., Johnson & Johnson Ltd., Kinetic Concepts Inc., Medtronic Inc., Stryker Corp., Zimmer Biomet, Acelity, MiMedx Group, UniQure, DePuy Synthes, and Arthrex, Inc. are some of the major players in the global market.

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