|Regenerative Medicine Market to Reach US$ 85.3 Bn by the year 2032 Owing to its Wide Acceptance in the Healthcare Industry - Future Market Insights, Inc.|
|By: PR Newswire Association LLC. - 05 Oct 2022||Back to overview list
Demand for regenerative medicine in Europe is expected to grow at a CAGR of 24.7% of the global regenerative medicine market. South Asia region is expected to grow with a CAGR of 30.8% in the global regenerative medicine market. India is one of the leading manufacturers of regenerative medicine.
NEWARK, Del., Oct. 5, 2022 /PRNewswire/ -- The global regenerative medicine market is anticipated to register a phenomenal growth of 23.9% with an evaluation of around US$ 9.9 Bn by the end of the year 2022 and is further expected to enjoy an estimation of US$ 85.3 Bn by the year 2032.
According to the historical analysis done by Future Market Insights, tissue engineering by therapy type led the market growth with a share of about 43.1% in the year 2021 within the global regenerative medicine market. The targeted therapeutic market is expected to generate a revenue of around US$ 100.9 Bn by contributing about 8.3% to the global regenerative medicine market.
Regenerative medicine is widely accepted in the healthcare sector in order to counter the unmet medical needs in the field of cardiology, wound and injury musculoskeletal, oncology, dental, ophthalmology, hepatological diseases, and inflammatory & autoimmune diseases. The solutions regarding clinical and pre-clinical outcomes for allogeneic cell therapy are promising.
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Various key players in the regeneration medicine market are focusing on expanding their consumer base in order to meet consumer demands. Since the overall market is fragmented, prominent companies in the market are implementing methods such as a divestiture, partnerships and collaborations, and new therapy launches.
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More Insights into the Regenerative Medicine Market
The U.S. is expected to dominate the global regenerative medicine market as it is accounting for a total of about 24.2% in 2021 and is anticipated to experience a similar growth throughout the forecast period.
The account of an aging population, the widespread adoption rate of regenerative medicines, and the importance of chronic diseases are contributing factors boosting the regenerative medicine market.
Australia held a market share of around 12.9% in the global regenerative medicine market in 2021. Having a robust regulatory framework, the presence of such facilities has encouraged several ventures to invest in and look for new opportunities in Australia.
Key Market Segments Covered In Regenerative Medicine Industry Research
By Therapy type:
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
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About Future Market Insights, Inc.
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