Regenerative Medicine Market Analysis & Key Business Strategies by Leading Industry Players

According to the latest regenerative medicine trends, the industry is anticipated to witness substantial growth within the next few years, owing to the rising demand for customized drugs and medicines. Furthermore, the rising incidence of various chronic diseases, including cancer as well as various genetic disorders is also triggering high demand within the regenerative medicine market.

The increasing prevalence of cancer, ulcers, genetic disorders like cystic fibrosis, and cardiovascular disorders is putting a strain on the healthcare industry. The rising instances of these diseases are also creating opportunities for exploration and expansion in the regenerative medicine market. On the other hand, the high cost of these highly advanced and new age medical procedures may restrain the growth in the regenerative medicine market in the near future.

Based on the regenerative medicine outlook, the products and solutions in the industry can be segmented according to their application, into segments such as osteoarticular diseases, autogenic bones, bone graft substitutes, and allogeneic bones, among others. Furthermore, the products and solutions offered by the manufacturers in the regenerative medicine market can also be bifurcated based on the type of technology, into segments such as stem cells, biomaterials, and tissue engineering.

Amongst these, the maximum potential for growth and development in the near future can be attributed to the stem cell technological segment. The stem cell technology solutions in the regenerative medicine market find applications for various indications, such as diabetes, rheumatoid arthritis, autism spectrum, retinal diseases, Alzheimer’s disease, and cerebral palsy, among others.

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North America to Dominate the Landscape of the Regenerative Medicine Market

Geographically, the regenerative medicine market can be divided into distinct regions, namely, Europe, Asia Pacific, Middle East and Africa, Latin America, and North America. Amongst these, the largest regenerative medicine market size can be attributed to the North America region. Some of the most prominent drivers influencing this topmost positioning of the North America regenerative medicine market include the rising instances of next generation and ground breaking research and development activities by the stakeholders in the regional healthcare industry, as well as the increasing investments made by the government of the leading regional economy, I.e., the United States, for the same.

Additionally, the rising amount of funding by private regional players to advance the research in healthcare and medicine sectors is also positively affecting the development of the North America regenerative medicine market. Another lucrative regional industry for the regenerative medicine market in the coming years is expected to be Asia Pacific. The growth within the Asia Pacific regenerative medicine market is driven by the constant efforts by the regional private as well as public sector players for enhancing the healthcare infrastructure, rising number of patients, increasing in the level of awareness amongst the regional population regarding regenerative medicines, and the rising spending capacity amongst the regional population.

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Players in Regenerative Medicine Market Engaged in M & A and New Product Launches

The regenerative medicine market analysis predicts that the landscape of the industry is highly fragmented in nature, owing to the presence of a massive number of leading local as well as multi-national participants in the industry. The major and foremost players working in the regenerative medicine market are focused on adopting various corporate growth and expansion strategies, including launching new and innovative products, mergers and acquisitions, strategic collaborations and agreements, and gaining regulatory approvals for their products.

For instance, Wright Medical was acquired by the Stryker Corporation in February of 2020, in a bid to enhance and expand their product inventory. Furthermore, a new closed cell therapy processing system aimed at manufacture of cost-effective and scalable cell therapy, ‘Gibco CTS Rotea Counterflow System’, was launched by the Thermo Fisher Scientific, Inc., in October of 2020.

A few of the most competent and leading manufacturers and participants working in the regenerative medicine market are Anika Therapeutics, Inc., Baxter International, Inc., Medtronic, Inc., Zimmer Holdings, Inc., Smith & Nephew PLC, DePuy Synthes, Inc., Stryker Corporation, Arthrex, Inc., and CONMED Corporation, among others.

Advancement in Research and Development Activities to Induce Growth Rate Of Regenerative Medicine Market

The regenerative medicine market is anticipated to ride high on the wave of exponential growth throughout the forecast period of 2017-2025 due to the rising need for use of regenerative medicines for treating various diseases and disorders. Regenerative medicines are used to replace or repair organs and tissues impacted by any aging process, disease, or injury. These medicines help in reviving the cell and tissue functionalities and are also used in curing numerous degenerative disorders such as cardiovascular, orthopedic, and dermatology applications.

The regenerative medicine market, on the basis of product, is segmented into tissue engineering, small molecule & biologic, cell therapy, and gene therapy. The use of regenerative medicines across various applications such as wound healing, ophthalmology, dermatology, oncology, cardiovascular, dermatology, and others is helping to accelerate the growth rate of the regenerative medicine market. The growing prevalence of infectious diseases such as COVID-19, trauma emergencies, and shortage of organs for transplantation is driving the regenerative medicine market toward growth.

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Cell Therapy to Be A Growth Generator For Regenerative Medicine Market

The new coronavirus pandemic has created havoc in the lives of billions of people across the globe through infecting a large number of populations, leading to massive death numbers. Researchers and scientists are in the process of finding a cure for COVID-19 on war-footing.

Various methods are being analyzed by the research and development wings of various organizations. Cell therapy is one of them. When a person develops severe symptoms of COVID-19, the body generates an excessive inflammatory response known as a cytokine storm that, in some cases, leads to acute respiratory distress syndrome (ARDS). Cell therapy is proving to be a ray of hope for treating ARDS. Athersys, a U.S. based biotech company is in the process of developing a cell therapy known as Multistem that decreases adverse results of inflammation. Thus, such developments in cell therapy eventually benefit the growth rate of the regenerative medicine market.

The growing demand for organ transplantation is also gaining considerable momentum across the globe and is projected to bring a rise in the growth rate of the regenerative medicine market. Growing support from the governments of various countries can also aid in the growth of the regenerative medicine market greatly.

Increasing Mergers and Acquisition Activities to Cast a Positive Impact On Regenerative Medicine Market

Also, mergers, acquisitions, collaborations, joint ventures, investments, and partnerships are likely to influence the growth rate of the regenerative medicine market in a positive way. The investment of Hackensack meridian Health in EpiBone, a regenerative medicine company is a classic instance. Hackensack Meridian Health has invested in a clinical-stage regenerative medicine company for the fourth time. This factor highlights the growing importance of the regenerative medicine market in the healthcare sector.

Key players involved in the regenerative medicine market are Stryker Corporation, Japan Tissue Engineering Co. Ltd., Vericel Corporation, Osiris Therapeutics, Inc., Integra Lifesciences Corporation, Medtronic PLC, Acelity L.P.Inc., and Nuvasive Inc.

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North America May Bring Good Growth Opportunities for Regenerative Medicine Market

The regenerative medicine market is regionally spread across the Middle East and Africa, Europe, North America, Latin America, and Asia Pacific. North America is likely to contribute largely to the growth rate of the regenerative medicine market during the forecast period due to increased demand for regenerative medicines across the forecast period and the growing research and development activities on finding a COVID-19 treatment. Asia Pacific is also expecting to record a steady growth rate across the forecast period due to increased funding for research and development activities across the region.