Tissue Regeneration Market: Stem Cell Therapy to be Highly Attractive Segment – BioSpace

Tissue Regeneration Market: Introduction

Tissue regeneration is replacement or repair of a tissue that is damaged or diseased by re-growing or replacing it. This technique involves tissue engineering process, which maintains, restores, and improves damaged tissue function. The tissue regeneration process helps increase the life expectancy of patients by replacing the damaged organs, including the kidneys.

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Key Drivers of Global Tissue Regeneration Market

Change in lifestyle and dietary habits cause various chronic diseases. Thus, a surge in number of patients with chronic diseases is anticipated to drive the market. For instance, according to Centers for Disease Control and Prevention, in the U.S., 51.8% of people had been diagnosed with at least 1 of 10 selected chronic conditions in 2018.

Furthermore, increase in applications of 3D printing in tissue regeneration, surge in research & development and innovation in biomaterials, nanotechnology, cell therapies, and drug delivery are likely to augment the global tissue regeneration market

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Rise in popularity of technology owing to efficient products and reduced rejection rates is another factor boosting the awareness, and with each passing year, the number of regeneration surgeries is also increasing. Application of tissue engineered vascular grafts in cardiovascular disease treatment and surgeries is studied across pre-clinical stage. Advancements in growing tissue engineered bladder outside the patient body and its successful transplantation are being rapidly witnessed currently.

Stem cell therapy to be highly attractive segment of global tissue regeneration market

In terms of technology, the global tissue regeneration market can be classified into stem cell therapy, stem cell sources, tissue vascularization, cell culturing, and others. Emerging use of stem cell therapy for tissue regeneration including mesenchymal stem cells, embryonic stem cells, and induced pluripotent stem cells is likely augment the segment.

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North America to dominate global tissue regeneration market

In terms of region, the global tissue regeneration market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global tissue regeneration market during the forecast period.

New product launches, presence of key market players with strong focus on research and development, and rising prevalence of chronic disease are expected to drive the tissue regeneration market in the region during the forecast period

The tissue regeneration market in Asia Pacific is projected to expand at a rapid pace during the forecast period owing to a surge in the geriatric population. Furthermore, government initiatives to expand healthcare infrastructure are likely propel the market.

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Key Players Operating in Global Tissue Regeneration Market

The global tissue regeneration market is fragmented with the presence of international as well as local players. A large number of manufacturers hold major share in their respective regions. Demand for tissue regeneration products has increased in emerging as well as developed markets owing to a rise in awareness about technologically advanced products. Growth strategies adopted by leading players are likely to drive the global market. For instance, U.S. Food and Drug Administration has cleared SoftWave Tissue Regeneration Technologies, for the treatment of superficial, partial-thickness, second-degree burns in adults in September 2020

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Key players operating in the global tissue regeneration market are:

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Tissue Regeneration Market: Stem Cell Therapy to be Highly Attractive Segment - BioSpace