LONDON, Aug. 22, 2017 /PRNewswire/ -- Regenerative
Medicine Market Analysis By Product (Therapeutics {Primary
Cell-based, Stem Cell-based, Immunotherapies, & Gene
Therapies}, Tools, Banks, & Services), By Therapeutic Category,
And Segment Forecasts, 2014 - 2025
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The global regenerative medicine market size is expected to
reach USD 5.59 billion by 2025,
according to a new report by Grand View Research, Inc.
Increased prevalence of neurodegenerative, orthopedic, and other
aging-related disorders in geriatric population coupled with rising
global geriatric population is anticipated to drive market
growth.
Developments in biotechnology have enabled gaining in-depth
knowledge pertaining to cell division and differentiation as well
as the metabolism mechanism of various cells. This enriched
knowledge, coupled with emergence of novel streams of biotechnology
such as gene therapy and nanotechnology, further prospered use of
cell-based technology in therapeutic treatment.
Well established regenerative approached for various dermatological
indications exists since ages. Technological advances introduced
scaffolds, matrices, and grafts engineered for faster regeneration
and minimal surgical procedure.
Identification of ability of stem cells to develop into various
different cell lines further propelled the advancements in
regenerative medicine. Frequent media exposure due to regulatory as
well as ethical controversies around embryonic stem cells has
increased awareness among the masses. This encouraged researchers
to explore and develop other potential fields for similar
applications, such as induced pluripotent stem cells (iPSC).
Furthermore, the emergence of gene therapy techniques with
potential to rectify and restore effects of gene mutations in cells
is under development. Conditions caused due to Single Nucleotide
Polymorphism (SNP) as well as mutations that induce degenerative
characteristics are primarily targeted.
Biologics, individually or in combination with cells or devices,
are explored to support regenerate the biological functions of
cells, tissues, or organs. A number of combinatorial therapies to
support chemotherapy and other cancer treatments by prevention as
well as treatment for cancer relapse are in development phases.
In addition, rising prevalence of complicated degenerative
disorders such as age-related macular degeneration, Alzheimer's
disease, and Parkinson's disease, especially in the aging
population resulted in high investments in R&D to develop
therapeutic solutions.
Regenerative medicine grabs the attention of the healthcare
industry owing to its promising applications along with significant
advances in supportive fields including tissue engineering, stem
cells, gene therapy, drug discovery and nanotechnology. For
instance, 3D printing over scaffold with stem cells to restore
structure as well as functional characteristics of biological
cells, tissues, and organs.
Further key findings from the report suggest:
• The global regenerative medicine demand exceeded USD 1.7 billion in 2016 and is expected to grow
at a considerable rate over the forecast period owing to the
presence of a strong looking product pipeline with anticipated
commercializations just around the corner
• Therapeutics emerged as the largest product segment in 2016 as it
has a relatively high implementation and usage rate resulting in
higher adoption
• Global regenerative services demand for facilities such as tissue
banks and cellular engineering tools is expected to drive demand in
the segment
• The industry in Asia Pacific is
projected to witness substantial growth over the next decade owing
to various developments across major economies with increased focus
of dominant players in emerging economies is attributive to market
growth. market.
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