MarketsandMarkets Research Pvt. Ltd.

Chicago, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Regenerative medicine is an emerging field of medicine that is focused on using the bodys natural healing processes to repair and regenerate damaged tissue. This technology has the potential to revolutionize medicine and offer a range of treatments for a variety of diseases and conditions. In the near future, regenerative medicine has the potential to transform the way we treat many illnesses and injuries, ranging from heart disease and diabetes to spinal cord injuries and hearing loss. Regenerative medicine is already being used to treat certain conditions, such as diabetes, blindness, and spinal cord injuries. The technology is also being used to regenerate tissue and organs, such as skin, bone, and even heart tissue. In the future, regenerative medicine could be used to treat a variety of diseases and conditions, including Alzheimers and Parkinsons.

Regenerative Medicine market in terms of revenue was estimated to be worth $12.2 Billion in 2022 and is poised to reach $40.6 Billion by 2027, growing at a CAGR of 27.2% from 2022 to 2027 according to a latest report published by MarketsandMarkets. Market growth is driven by the rising prevalence of chronic diseases, genetic disorders, and cancer; rising investments in regenerative medicine research; and the growing pipeline of regenerative medicine products. However, the high cost of cell and gene therapies and ethical concerns related to the use of embryonic stem cells in research and development are expected to restrain the growth of this market during the forecast period.

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Regenerative Medicine Market Scope:

Report Coverage

Details

Market Revenue in 2022

$12.2 Billion

Estimated Value by 2027

$40.6 Billion

Growth Rate

Poised to grow at a CAGR of 27.2%

Market Size Available for

20202027

Forecast Period

20222027

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Product, Application, and Region

Geographies Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Report Highlights

Updated financial information / product portfolio of players

Key Market Restraints

Shortage of skilled professionals

Key Market Drivers

Availability of funding and rising investments in R&D

Notable Regenerative Medicine mergers and acquisitions for 2021 2022 include:

Johnson & Johnson and Lineage Cell Therapeutics: Johnson & Johnson completed the acquisition of Lineage Cell Therapeutics in early 2021, which will help the company expand its presence in the regenerative medicine field.

Baxter International and Xygen Medical: In February 2021, Baxter International announced its acquisition of Xygen Medical, a leading developer of regenerative medicine technologies.

Vertex Pharmaceuticals and Mast Therapeutics: In March 2021, Vertex Pharmaceuticals announced its acquisition of Mast Therapeutics, a biopharmaceutical company focused on regenerative medicine.

Takeda Pharmaceuticals and TiGenix: In April 2021, Takeda Pharmaceuticals announced its acquisition of TiGenix, a regenerative medicine company focused on stem cell therapies.

Novartis and Endocyte: In May 2021, Novartis announced its acquisition of Endocyte, a biopharmaceutical company focused on developing regenerative medicine treatments for cancer.

Astellas Pharma and CellSight: In June 2021, Astellas Pharma announced its acquisition of CellSight, a regenerative medicine company focused on developing cell therapies.

Cellectis and Tmunity: In July 2021, Cellectis announced its acquisition of Tmunity, a regenerative medicine company focused on developing cell therapies for cancer.

Roche and Cell Design Labs: In August 2021, Roche announced its acquisition of Cell Design Labs, a regenerative medicine company focused on developing cell therapies for cancer.

Medtronic and CartiHeal: In September 2021, Medtronic announced its acquisition of CartiHeal, a regenerative medicine company focused on developing cell therapies for orthopedic applications.

Novo Nordisk and TiGenix: In October 2021, Novo Nordisk announced its acquisition of TiGenix, a regenerative medicine company focused on developing stem cell therapies.

Story continues

Growth Drivers of Regenerative Medicine Market from macro to micro:

Increasing Prevalence of Chronic Diseases: Chronic diseases, such as heart diseases, cancer, diabetes, and neurological disorders, are on the rise globally. This is driving the adoption of regenerative medicines as a potential treatment for such diseases.

Government Initiatives: Governments around the world are increasingly investing in regenerative medicine research and development to support the development of innovative therapies.

Growing Investment: As the potential of regenerative medicine becomes more apparent, the number of venture capital and private equity investments in the field is increasing.

Technological Advancements: Recent advances in stem cell research and 3D printing technology have enabled the development of novel regenerative medicine therapies.

Increasing Adoption of Advanced Therapy Medicinal Products (ATMPs): ATMPs are becoming more widely accepted and adopted, which is fueling the growth of the regenerative medicine market.

Growing Focus on Precision Medicine: Precision medicine is gaining traction in healthcare, as it allows for more personalized treatments. This is driving the development of regenerative medicine therapies.

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Hypothetic challenges of Regenerative Medicine market in near future:

Regulation: Regulation of regenerative medicine products varies from country to country. In some countries, there are no regulations in place for the approval or access to regenerative medicine products. This could become a major challenge for companies operating in the regenerative medicine market by limiting their ability to bring their products to market.

Cost: Cost of regenerative medicine products is currently high due to the high cost of production and research involved. This could limit the accessibility of the products and result in a slower growth of the market.

Accessibility: Accessibility is a major challenge for companies operating in the regenerative medicine market. There is limited access to the products for patients in certain parts of the world due to the lack of availability of the products. This could result in slower growth of the market.

Clinical Trials: Clinical trials are required in order to assess the safety and efficacy of regenerative medicine products. This could prove to be a challenge due to the long time frames required for the trials and the associated costs.

Reimbursement: Reimbursement for regenerative medicine products is currently limited in many countries. This could limit the access to the products for patients, as well as the growth of the market.

Top 3 use cases of Regenerative Medicine market:

Cell Therapy: Cell therapy involves the use of adult stem cells to repair or replace damaged or diseased cells, tissues, and organs. This can be used to treat a wide range of medical conditions, including diabetes, Parkinsons disease, stroke, heart disease, and more.

Gene Therapy: Gene therapy is a form of regenerative medicine that involves using genetic material to modify existing cells or create new ones to replace damaged or dysfunctional ones. This can be used to treat genetic disorders, cancer, and other conditions.

Tissue Engineering: Tissue engineering is a process of regenerating or replacing damaged tissues and organs using cells, scaffolds, and bioactive molecules. This can be used to treat musculoskeletal injuries, skin injuries, and other conditions.

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Link:
Regenerative Medicine Market is Expected to Reach $40.6 Billion | MarketsandMarkets. - Yahoo Finance