Latest industry research report on Regenerative medicines hold the ability replace, repair, and regenerate tissues and organs that are affected due some disease, injury, or natural ageing process. These medicines are capable of restoring the functionality of tissues & cells applicable in a wide range of degenerative disorders such as neurodegenerative diseases, dermatology, cardiovascular and orthopedic applications. Researchers have been focusing on the development of advanced technologies based on genes, biologics, somatic cells and stem cells. Stem cells have the capability proliferate and differentiate owing which they are of importance in this field. Currently, predominant treatments available for degenerative or life-threatening diseases do not provide a treatment or are palliative; however, regenerative medicines have the ability replace or regenerate the tissues and organs suffering from injury or disease.
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Based on material, the market is classified in synthetic materials, biologically derived materials, genetically engineered materials, and pharmaceuticals. The worlds regenerative medicine market is expected reach $30,237 million by 2022 at a CAGR of 33.1% during 2016-2022. The biologically derived materials accounted for about 4/7th of total market share in 2015, and is estimated retain its position during the analysis period. However, the small molecules & biologics segment is anticipated grow at a highest CAGR of 34.2% from 2016-2022, due tits potential stimulate dormant or endogenous cells regain their regenerative properties. On the basis of application, Regenerative medicine market is segmented as cardiovascular, oncology, dermatology, musculoskeletal, wound healing, ophthalmology, neurology, and others. The musculoskeletal application accounted for the largest share in 2015, whereas cardiovascular is expected be the fastest growing segment at a CAGR of 35.3% during the analysis period.
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Asia-Pacific is projected emerge as the region with maximum growth potential, with a CAGR of 39.9% during the forecast period, due the presence of high unmet medical needs and persistently improving healthcare infrastructure
The growth of this market is attributed by the factors such as an emergence of stem cell technology, valuable potential of nanotechnology, rising prevalence of chronic diseases & trauma emergencies, innovation in monitoring devices and surgical technologies. Moreover, rising incidence of degenerative diseases specifically and shortage for organ transplants has boosted the market growth. Furthermore, the increasing focus on stem cells with new source, and getting core competency in the emerging economies are expected supplement the growth in future. The developing nations are adopting technological advanced treatment modalities at a rapid pace, which is expected assist in the market expansion worldwide.
The report segments the world regenerative medicine market based on product type, material, application, and geography.
Biologically Derived Materials
Genetically Engineered Materials
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