Westford, USA, July 12, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global regenerative medicine market will attain a value of USD 83.6 billion by 2031, with a CAGR of 27.2% during the forecast period (2024-2031). The basic goal of regenerative medicine is to restore function that has been compromised by any cause. Regenerative medicine can repair or replace tissues and organs damaged by aging, disease, or trauma, as well as normalize congenital abnormalities. Additionally, it helps reduce inflammation and stop the growth of scar tissue. In addition, some promising methods, such as endogenous stem cell stimulation and organoid transplantation to heal small tissue injuries, will drive market growth in the coming years.
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Regenerative Medicine Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 12.2 Billion |
| Estimated Value by 2031 | USD 83.6 Billion |
| Growth Rate | Poised to grow at a CAGR of 27.2% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product and Therapeutic Area |
| Geographies Covered | North America, Europe, Asia-Pacific, Middle East & Africa, Latin America |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Integration of Artificial Intelligence and Machine Learning |
| Key Market Drivers | Rising Incidence of Chronic and Genetic Diseases |
Cell Therapy to Dominate the Market Share by Offering Early Clinic Applications
The cell therapy segment is the largest segment in the regenerative medicine market and is accounted for the highest revenue share. This dominance is expected to continue throughout the forecast period. Primary cell-based therapies are the most developed medicines accessible due to their use for various therapeutic purposes and early clinical applications. The stem cell and progenitor cell-based therapeutics segment is growing, owing to significant investments in stem cell research and changes in regulatory rules to allow for their use in clinical applications.
Gene Therapy Segment to be the Fastest Growing Due to Increase in Investments in Gene Therapy
The gene therapy segment is the fastest growing segment in the regenerative medicine market by product. The advancements in gene technology provide precise correction of genetic defects which contributes to segmental growth. It offers long-lasting solutions for conditions such as haemophilia, muscular dystrophy, and others. The increase in the investments in gene therapy is driving the expansion of the market growth.
North America is the Leading Consumer Due to the Presence of Major Market Players
North America is the largest region in the global market, accounting for more than 45% of the total revenue. This is due to the presence of many major players in the US. The presence of research institutions interested in developing innovative treatments and the availability of advanced technologies contributes to many clinical trials in the region. Financial availability, as well as many initiatives by government and private organizations, contributes to the largest revenue stream from the United States.
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Regenerative Medicine Market Insights:
Drivers
Restraints
Prominent Players in Regenerative Medicine Market
The following are the Top Regenerative Medicine Companies
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SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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