According to Future Market Insights' newly released Cell Regeneration Medicine Market analysis report, the global market valuation stands at USD 30.3 Billion in 2021 and is expected to be valued at USD 34.3 Billion by the end of 2022.
The market is expected to rise significantly at a CAGR of 14.4% and the global valuation is expected to be USD 130.8 Billion by the end of 2032. During the forecasted period (2022-2032), the global market is anticipated to offer an absolute dollar opportunity of USD 96.5 Billion.
Drivers:
Several key factors are driving the growth of the market around the world, including the growing prevalence of chronic medical illnesses and genetic disorders. Moreover, the aging geriatric population, which is more likely to suffer from musculoskeletal, oncological, dermatological, and cardiological disorders, is contributing to the growth of the market.
Additionally, widespread adoption of organ transplantation is also likely to contribute to the expansion of the market. Regenerative medicine minimizes the possibility of organ rejection by the body after transplantation, as well as improves the patient's recovery speed after transplantation.
Several technological advancements in cell-based therapies, including the development of 3D bioprinting techniques and the adoption of artificial intelligence (AI) in the production of regenerative medicines, have also been instrumental in promoting growth in the field.
In addition, these advancements also facilitate the conduct of dermatological grafting procedures for the treatment of chronic burns, bone defects, and wounds. In addition to these factors, the further improvement of healthcare infrastructure is expected to provide a significant catalyst for the market's growth, as well as extensive research and development (R&D) activities in medical sciences.
Key Market Trends:
There has been an increase in the number of clinical studies being conducted for a better understanding of regenerative medicine for the treatment of a wide range of diseases. This may provide unprecedented growth opportunities for the market. Also, increased investment in the discovery of novel medicines will lead to the development of more effective therapeutic approaches for a range of clinical conditions.
In addition to repairing tissue and defected joints, stem cells and platelet-rich plasma can also be used to boost the body's ability to heal itself. Furthermore, these medicines are also used to treat eye loss and repair the heart, both of which have the advantage of a faster recovery rate.
In the current market, there are also extensive R&D activities being conducted by both commercial and academic players. Aside from the R&D activities being conducted by private players, academic institutions are also involved in a variety of research processes.
Therefore, in the future, several high-tech biotech and MedTech companies are expected to come up, as the result of the current R&D endeavors which is expected to drive the market growth significantly over the forecast period.
Europe Region:
A growing trend in stem cell therapy is being used to treat ischemic heart diseases and ophthalmological disorders. Additionally, shortages of organs for transplantation in several European economies could further promote segment growth.
A market share of around 10% of the French regenerative medicine market is expected to be achieved by 2022. As innovative therapies become more widely adopted in the treatment of chronic diseases, the industry may continue to grow. As a result of the increasing incidence of several chronic diseases in the country, the demand for the product is likely to continue rising.
Additionally, the market is expected to grow as a result of high investments made in the development of healthcare infrastructure, as well as high spending capacity in the healthcare sector. Several government funding programs and reimbursement policies in facilities, along with newly developed product launches in the region, may also contribute to the growth of the market.
| Attributes | Details |
|---|---|
| Global Cell Regeneration Medicine Market CAGR (2022 to 2032) | 14.4% |
| Global Cell Regeneration Medicine Market Size (2022) | USD 34.3 Billion |
| Global Cell Regeneration Medicine Market Size (2032) | USD 130.8 Billion |
| China Market CAGR (2022 to 2032) | 18.2% |
| Key Companies Covered | Abbott; Amgen Inc.; Astellas Pharma, Inc.; AstraZeneca plc; Baxter International, Inc.; Bayer AG; Boehringer Ingelheim; Bristol-Myers Squibb; Corline Biomedical AB |
The Therapeutics segment is predicted to be the top product segment in the Cell Regeneration Medicine Market with an expected CAGR of 16.5% for the period between 2022 and 2032. This is significantly higher from the historical CAGR of 14.1% owing to higher adoption of primary cell-based therapies in clinical application and their increased usage in different therapeutic indications.
Furthermore, Cell Regeneration Medicine garners highest revenue through the Oncology segment, which accounts for over a quarter share. The market revenue through Oncology segment is expected to experience the CAGR of 13.1% in the therapeutic category as compared to its historical average of 11.4%. The category is expected to rise due to high cancer prevalence, increasing investments in cancer research, development of advanced cell therapies and initiatives to reduce cancer burden.
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As per the publications released by Future Market Insights - market research and competitive intelligence provider, on Cell Regeneration Medicine Market, the market is currently valued at USD 30.3 Billion in 2021 and is expected to rise at a CAGR of 14.4% during the period between 2022 and 2032.
This growth has been significantly higher than the historical growth of 12.4%. The market is expected to offer an absolute dollar opportunity of USD 96.5 Billion between 2022 and 2032. By the end of 2032, the global market for Cell Regeneration Medicine is likely to hit the valuation of USD 130.8 Billion.
The market valuation is projected to grow at a significant CAGR of 14.4% as compared to historical CAGR of 12.4% owing to factors such as introduction of gene therapy, advancements in stem cell and tissue engineering, ongoing funding in R&D by government and commercial entities and continuous regulatory approvals for advanced therapeutic medical products.
Global Cell Regeneration Medicine Market is likely to be driven by the introduction of gene therapy, advancements in stems cells and growth in tissue engineering. Furthermore, various projects like T-Cell therapy, which comes under the manufacturing industry of cell therapy regenerative medicine are being undertaken by any businesses in cooperation with other businesses or research institutions. Furthermore, the government regulatory approvals has led to increase in the market growth.
The global pandemic has provided the global players with various chances to bring medicinal solution to fight against SARS-COV-2. Along with various initiatives, the ongoing investments by government and private sector agencies in R&D has accelerated the industry's advancement. Companies are collaborating to expand their R&D skills to develop and sell innovative therapies to secure a position in a competitive global market.
Researchers' perspectives on Cell Regeneration Medicine have been transformed by technological developments like Nanotechnology, 3D bioprinting techniques and AI in stem cell-based therapeutics. These developments are making dermatological grafting operations like persistent burns, bone abnormalities and skin wounds more efficient.
The market is being driven by the rising frequency of chronic medical conditions and genetic abnormalities such as congestive heart failure, myocardial infarction, Parkinson's disease and various kinds of bone losses. In addition, the growing elderly population suffering from musculoskeletal, oncological and cardiological problems is driving market expansion.
Principal Consultant
The sales of Cell Regeneration Medicine is likely to be affected by the high cost of therapies. This high cost of treatment acts as a barrier in entering the new market. People in emerging economies are unable to finance organ transplantation due to socioeconomic constraints. Organ trafficking is a serious crime that is in prevalence due to a scarcity of organs.
The developing countries pose to be a potential market with rising rates of chronic diseases, hereditary diseases, rising geriatric population and higher demanding regions for organs and biomaterials. But with little awareness of Cell Regeneration Medicine, these potential markets are difficult to capture.
The gene correction treatment involves nucleases that have been modified to successfully change the human genome. However, the use of gene correction treatment is limited due to some unintended consequences, such as cell manipulation, which has impacted the efficacy of cell formation and proliferation. However, with sufficient capital and financing, R&D is proceeding toward the cost-effective commercialization of such complex medical operations.
In 2021, the United States Accounted for nearly 2/5th share of the global market for Cell Regeneration Medicines. The U.S. market growth is significantly higher from its historical average growth of 11.9%. Between 2022 and 2032, the market is estimated to witness an absolute dollar opportunity of USD 36.6 Billion.
The presence of significant players in the United States, the availability of modern technologies and increasing financing of research institutes involved in the creation of innovative treatments can all be attributed to this expansion. In addition, the United States has the biggest revenue flow due to a large number of clinical trials, the availability of financing, and various government and private-sector efforts. For example, the US Department of Health and Human Services launched a campaign to place Cell Regeneration Medicine at the forefront of healthcare.
According to Future Market Insights data, the market in China is anticipated to grow at the fastest rate of 18.2% between 2022 and 2032. The projected CAGR of the U.S. is significantly higher than the historical CAGR of 13.7%. In the next ten years, the Chinese market is estimated to offer an absolute dollar opportunity of USD 14.8 Billion to reach a valuation of USD 17.8 Billion.
The rising CAGR of the Chinese market for Cell Regeneration Medicines is attributed to the rapid expansion of healthcare infrastructure and research institutes to accelerate stem cell research in a rapidly developing market.
With rising government approvals for research projects involving human embryonic stem cells, scientists are encouraged to investigate the cells' clinical potential. Additionally, the rising prevalence of cardiovascular and musculoskeletal illnesses is driving this trend. Furthermore, the market is likely to be explored by global players targeting the untapped segments of the market.
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The Therapeutics segment is the largest revenue generating segment in the Global Cell Regeneration Medicine Market, growing at a CAGR of 17.8% during the period between 2022 and 2032.
Despite source diversification, this category is anticipated to maintain its leadership position in the marketplace throughout the projected period. Primary cell-based therapies are the most developed medications available from the medical sector, as they are suitable for use in both clinical applications and approved in different areas.
In addition, the stem cell & progenitor cell-based therapies market is predicted to grow significantly over the forecast years, owing to increased investments in stem cell research and regulatory policy revisions.
Oncology therapeutic category is expected to lead the market with the highest share in global market for Cell Regeneration Medicines. It is forecasted to grow at a CAGR of 13.1% during the period.
This can be attributable to high cancer prevalence globally and the development of efficient cancer treatment options. Furthermore, huge investments by government organizations and private companies to finance cancer research is aiding the growth.
A number of companies invested in the development of cell regenerative medicine to meet demand for clinical needs without resorting to more-invasive procedures. The market is extremely competitive, and players are making joint efforts for product development.
Some of the prominent Cell Regeneration Medicine manufacturers are AstraZeneca plc, Astellas Pharma, Inc., F. Hoffmann-La Roche Ltd., Integra Lifesciences Corp., Cook Biotech, Inc., Bayer AG, Pfizer, Inc., Merck KGaA, Abbott, Vericel Corp., Novartis AG, GlaxoSmithKline (GSK), Baxter International, Inc., Takara Bio, Inc.
The recent developments in the Global Cell Regeneration Medicine Market are:
Similarly, recent developments related to companies offering Cell Regeneration Medicine Market have been tracked by the team at Future Market Insights, which are available in the full report.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data | 2017 to 2021 |
| Quantitative Units | In USD Million |
| Key Regions Covered | North America, Latin America, Europe, APAC and MEA |
| Key Countries Covered | United States, China, Japan, South Korea, UK, Canada, Brazil, Mexico, Germany, France, Spain, Italy, Russia, India, Australia, South Africa, Saudi Arabia, UAE, Israel |
| Key Market Segments Covered | Product Type, Therapeutic Category and Region |
| Pricing | Available upon Request |
The market is likely to register a CAGR of 14.4% through 2032.
The market is currently valued at USD 34.3 Billion in 2022.
The market is likely to grow to a valuation of USD 130.8 Billion by 2032.
North America is likely to be a leading market during the forecast period.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Therapeutics 5.1.1. Primary Cell to based Therapeutics 5.1.2. Stem Cell & Progenitor Cell to based Therapeutics 5.1.3. Cell to based Immunotherapies 5.1.4. Gene Therapies 5.2. Tools 5.3. Banks 5.4. Services 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Therapeutic Category 6.1. Dermatology 6.2. Musculoskeletal 6.3. Immunology & Inflammation 6.4. Oncology 6.5. Cardiovascular 6.6. Ophthalmology 6.7. Other Therapeutic Categories 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Abbott 15.2. Amgen Inc. 15.3. Astellas Pharma, Plc. 15.4. AstraZeneca Plc 15.5. Baxter International, Inc. 15.6. Bayer AG 15.7. Boehringer Ingelheim 15.8. Bristol to Myers Squibb 15.9. Corline Biomedical AB 15.10. Cesca Therapeutics, Inc. 15.11. Cook Biotech, Inc. 15.12. Eli Lilly and Company 15.13. F. Hoffman to La Roche Ltd. 15.14. GlaxoSmithKline 15.15. Integra Lifesciences Corp. 15.16. Merck KGaA 15.17. MiMedx Group, Inc. 15.18. Novartis AG 15.19. NuVasive, Inc. 15.20. Organogenesis, Inc. 16. Assumptions & Acronyms Used 17. Research Methodology
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Cell Regeneration Medicine Market
