Regenerative Medicines Market is Expected to increase around 36,287.9 Mn by 2025
Posted by Shristi on November 20th, 2019
“The Regenerative Medicines Market is anticipated to grow at significant growth rate over the next seven years of forecast period to reach about US$ 36,287.9 Mn by 2025 due to rise in prevalence of cancer and other genetic disorders”
Precision Business Insights (PBI) in its report titled “Regenerative Medicines Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
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The regenerative medicines market size projected to reach US$ 36,287.9 Mn by 2025. Increased prevalence of various cancers such as liver cancer, lung cancer, and breast cancer due to change in lifestyle coupled with surge in incidence of genetic diseases are anticipated to drive the regenerative medicines market over the forecast years. For instance, according to WHO 2018 data, approximately 9.6 Mn death occurred due to cancer around the globe. Moreover, surge in R&D by the market players, increase in demand for stem cell therapy and gene therapy, and increase in healthcare expenditure are anticipated to propel the regenerative medicines market over the forecast years. However, high cost for the treatment, lack of sophisticated healthcare infrastructure in underdeveloped countries, and stringent regulatory guidelines for the gene therapy are anticipated to deter the regenerative medicines market over the future years.
Regenerative medicines market segmented on the basis of product type, technology, application, end user, and region.
Cell Therapy Segment Expected to Dominate the Market
Based on technology, regenerative medicines market segmented into cell therapy, gene therapy, tissue engineering, and small molecules and biologics. Among all the technologies, cell therapy segment contributed largest share in 2018 and the same trend is expected over the forecast years owing to most effective therapy over all other therapies. In addition, collaborations and acquisitions between the market players also surge the market over the forecast timeframe. For instance, in December 2016, Bayer and Versant Ventures join forces to launch stem cell therapy company BlueRock Therapeutics with USD 225 Million Series A financing
North-America, Accounts for Major Revenue Share for Regenerative Medicines Market
Precision Business Insights (PBI), regenerative medicines market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for major revenue share due to increased rates of certain types of cancers in U.S. and Canada. For instance, according to National Cancer Institute 208, approximately 1,735,350 cases diagnosed with cancer in U.S. Moreover, rise in R&D for the development of innovative therapies, presence of skilled professionals, and favorable reimbursement policies are anticipated to propel the regenerative medicines market in the North America region. Europe regenerative medicines market projected to grow at significant growth rate owing to adoption of advanced therapies, increase in healthcare expenditure, and surge in incidence of cancer in the region.
In October 2019, R3 Stem Cell launched master class series on stem cell therapy and regenerative medicine
Key player’s profiles in the report are Kite Pharma , Novartis, Vericel Corporation , Integra LifeSciences , Wright Medical , MiMedx , Osiris Therapeutics , Stryker Corporation , R3 Stem Cell, and Spark Therapeutics
By Product Type
Middle East and Africa (MEA)
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About the AuthorShristi
Joined: September 17th, 2019
Articles Posted: 60
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