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Regenerative Medicine Market

Regenerative Medicine Market: Information by Product (Cell-Based Products, Acellular Products), Therapy, Application and Regional Outlook — Forecast Till 2026

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Market Snapshot

market snapshot
Base Year:
Study Period:
10.8 %
Fastest Growing Market:
North America
Largest Market:

Increasing prevalence of neurodegenerative, orthopedic, oncology and genetic diseases has led to the emergence of approaches to restore the function of cells. For instance, musculoskeletal injuries (shoulder, hip, knee and others) are a common cause of pain. Around 100 million new injuries occur every year worldwide. Regenerative medicine can be useful for back pain treatment and have been in use for the treatment of musculoskeletal injuries.

Regenerative medicine approaches are gaining momentum through a very strong pipeline, product approvals and clinical trials phase. For instance, introduction of CRISPR and Cas gene technology has accelerated the efficacy of gene-related research. In addition, introduction of 3D printing of cells and tissues to restore structural and functional characteristics of damaged cells are changing the dynamics of the tissue engineering technology. Advancements in the field of 3D tissue engineering as organ-on-a-chip technologies and use of 3D bio-printers are developing quickly. In addition, increasing funding for the development of new solutions have enhanced the research of the 3D tissue engineering. For instance, NIH invested around USD 445 million in human non-embryonic undeveloped cell research.

The increasing use of stem cell-based development drug discovery technologies would save hafety amount of money used for direct testing fees as well as reducing drug recalls. Invitrogen is one of the leaders in the molecular biology and cell culture with over 1200 products for growing and differentiating stem cells. For instance, KNOCKOUT(TM) SR Xeon Free Media launched by company is used for the culture of human embryonic stem cells.

The global regenerative medicine market size was valued at USD 33.21 billion in 2022. It is projected to reach USD 83.58 billion by 2031, growing at a CAGR of 10.8% during the forecast period 2023-2031

Regenerative Medicine Manufacturers

  • Potential Investors
  • Government Agencies
  • Research and Development Institutes
  • Hospitals, Doctors, and Suppliers of Regenerative Medicine

Segmental Insights

Global regenerative medicine market is segmented by product, therapy and applications.

By product, the market is segmented into cell-based products and acellular products. The cell-based products segment is expected to grow at the fastest CAGR. The growth can be attributed to flexible regulatory environment to conduct cell therapy research.

Based on products, the global regenerative medicine market is segmented into cell therapy, tissue engineering, immunotherapy and gene therapy. Gene therapy is expected to generate the largest revenue due to advances in gene sequencing and editing technology. Gene-related research are also expected to encourage use of gene therapy in treatment of genetic, metabolic, and degenerative disorders.

Application segment is classified into orthopedic & musculoskeletal disorders, dermatology, cardiology, central nervous system diseases, oncology, diabetes and other applications. The dermatology segment can hold the largest share of the market due to easy grafting techniques for dermatological wounds and diseases. Great cell replication characteristics of skin providing various types of stem cells from usage. 

Regional Insights

Geographically, the global regenerative medicine market is segmented into four regions: North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

North America is likely to dominate the regenerative medicine market due to high investments in stem and oncology research. In addition, active presence of several research organizations is also contributing to the growth of the market. Rising healthcare costs and aging populations is also driving the growth. The senior citizen population will double in the U.S. to about 70 million by 2040, and about 25% of GDP would be used for healthcare policies. In addition, regenerative surgeries have also increased in the region. As per the U.S. Centers for Medicare and Medicaid Services, around 900,000 bone restructuring or regeneration are performed in the U.S. annually, spinal fusion (about 450,000)being the most common.

Europe is likely to emerge as the second largest regenerative medicine market globally. Strong biotech sectors in UK and Germany and heavy investment in regenerative medicine to gain competitive edge are major factors for the growth of the sector. For instance, in 2016, Sernova Corp. received USD 6.24million from the EU Horizon 2020 Program to develop the cell-based hemophilia therapeutics.

Asia pacific regenerative medicine market is expected to witness significant growth on account of biomedical innovation and rapid increase in global players in the life sciences especially, China and India. Furthermore, revamping medical products regulations in order to promote growth is also helping industry to grow. For instance, in 2014, the Japanese Government implemented new regulations for regenerative medicine products different from medical devices and pharmaceuticals.

LAMEAis expected to witness moderate growth owing to ethical issues related to use of stem cells harvested from human embryos. In addition, despite high incidence of genetic diseases such as sickle cell and thalassaemia in the Middle East, it lacks number of transplants due to limited awareness in the region.

55 Market Regional Analysis

Key Players

Some of the key players in the global regenerative medicine market are Nuvasive, Inc., Acelity L.P. Inc., Osiris Therapeutics, Inc., Organogenesis Inc., Medtronic PLC, Vericel Corporation, Cook Biotech Incorporated, Stryker Corporation and Japan Tissue Engineering Co., Ltd.

Report Scope

Report Metric Details
Market Size 83.58 billion by 2031
Historical Data 2015-2016
Base Year 2017
Forecast Period 2018-2026
Forecast Units Value (USD billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered by Product (Cell-Based Products, Acellular Products), Therapy, Application
Geographies Covered North America, Europe, Asia-Pacific, LAME, and the Rest of the World
Key Companies Profiled/Vendors Nuvasive, Inc., Acelity L.P. Inc., Osiris Therapeutics, Inc., Organogenesis Inc., Medtronic PLC, Vericel Corporation, Cook Biotech Incorporated, Stryker Corporation and Japan Tissue Engineering Co. Ltd.
Key Market Opportunities Advancements In The Field Of 3D Tissue Engineering

Regenerative Medicine Market Segmentation

By Product

  • Cell-Based Products
  • Allogeneic Products
  • Autologous Products
  • Acellular Products

By Therapy

  • Cell Therapy
  • Tissue Engineering
  • Immunotherapy
  • Gene Therapy

By Application

  • Orthopedic & Musculoskeletal Disorders
  • Dermatology
  • Cardiology
  • Central Nervous System Diseases
  • Oncology
  • Diabetes
  • Other Applications

Regions Covered 

·        North America

    • U.S.
    • Canada
    • Mexico

·        Europe

    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe

·        Asia-Pacific

    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific

·        LAMEA

    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Why buy this report right now?

  • Historical inferences, findings & analysis of the market from 2020 to 2021
  • Projections and performance forecast analysis for the future from 2023 to 2031
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Frequently Asked Questions (FAQs)

What is the study period of this market?

The Regenerative Medicine Market is studied from 2020-2021.

What is the growth rate of Regenerative Medicine Market?

The Regenerative Medicine Market is growing at a CAGR of 25.5% over the next 5 years.

Which region has highest growth rate in Regenerative Medicine Market?

North America is growing at the highest CAGR over 2023- 2031.

Which region has largest share in Regenerative Medicine Market?

Europe holds highest share in 2021.

Who are the active players in Regenerative Medicine Market?

Active players in Regenerative Medicine Market are Nuvasive, Inc., Acelity L.P. Inc., Osiris Therapeutics, Inc., Organogenesis Inc., Medtronic PLC, Vericel Corporation, Cook Biotech Incorporated, Stryker Corporation and Japan Tissue Engineering Co., Ltd.

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